Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 6,410 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 6,410 shares of Procore Technologies stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $76.62, for a total value of $491,134.20. Following the completion of the transaction, the director now owns 1,250,598 shares of the company’s stock, valued at approximately $95,820,818.76. This trade represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Procore Technologies Trading Up 1.8 %

Shares of PCOR opened at $78.12 on Friday. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of -156.25 and a beta of 0.83. The firm has a 50 day moving average price of $76.83 and a 200-day moving average price of $67.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The business had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. As a group, equities research analysts forecast that Procore Technologies, Inc. will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Procore Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Procore Technologies in the third quarter worth approximately $26,000. Hilltop National Bank purchased a new position in shares of Procore Technologies in the fourth quarter worth $53,000. Finally, International Assets Investment Management LLC increased its stake in shares of Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after buying an additional 789 shares during the period. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

PCOR has been the subject of several analyst reports. Piper Sandler raised their target price on Procore Technologies from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Mizuho boosted their price objective on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. TD Cowen boosted their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Scotiabank increased their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.