Procore Technologies, Inc. (NYSE:PCOR) Director Sells $16,586.00 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director William J.G. Griffith sold 200 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $82.93, for a total transaction of $16,586.00. Following the sale, the director now owns 2,944,302 shares of the company’s stock, valued at $244,170,964.86. The trade was a 0.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Procore Technologies Stock Performance

Shares of Procore Technologies stock opened at $82.28 on Monday. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of -114.27 and a beta of 0.84. The stock’s 50-day moving average is $78.09 and its 200-day moving average is $69.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The business had revenue of $302.05 million for the quarter, compared to analyst estimates of $297.72 million. Equities analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Procore Technologies

Several hedge funds have recently modified their holdings of PCOR. Cache Advisors LLC acquired a new position in Procore Technologies during the fourth quarter valued at approximately $2,909,000. JT Stratford LLC bought a new stake in shares of Procore Technologies during the 4th quarter worth approximately $284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Procore Technologies by 15.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 298,239 shares of the company’s stock valued at $22,347,000 after buying an additional 39,935 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Procore Technologies in the fourth quarter valued at $14,855,000. Finally, Woodline Partners LP increased its holdings in Procore Technologies by 45.8% during the fourth quarter. Woodline Partners LP now owns 691,980 shares of the company’s stock worth $51,850,000 after buying an additional 217,351 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on PCOR shares. JMP Securities upped their price objective on Procore Technologies from $90.00 to $95.00 and gave the company a “market outperform” rating in a report on Tuesday, February 18th. Stifel Nicolaus upped their price target on Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group increased their price target on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Piper Sandler boosted their price objective on shares of Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Robert W. Baird increased their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $89.94.

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.