William J.G. Griffith Sells 200 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

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

Procore Technologies Stock Down 0.9 %

Shares of NYSE PCOR opened at $82.28 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $12.23 billion, a P/E ratio of -114.27 and a beta of 0.84. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92. The firm has a 50-day simple moving average of $78.09 and a two-hundred day simple moving average of $69.49.

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

Analyst Ratings Changes

PCOR has been the subject of a number of research analyst reports. KeyCorp raised their price objective on Procore Technologies from $85.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Scotiabank lifted their price target 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. Mizuho lifted their price target on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, DA Davidson lifted their price target on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. 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. According to data from MarketBeat.com, Procore Technologies presently has an average rating of “Moderate Buy” and an average price target of $89.94.

Institutional Trading of Procore Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc raised its stake in shares of Procore Technologies by 92.1% during the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after acquiring an additional 147 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after acquiring an additional 789 shares in the last quarter. Finally, Huntington National Bank increased its holdings in Procore Technologies by 161.6% during the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock valued at $49,000 after buying an additional 404 shares during the period. Institutional investors own 81.10% of the company’s stock.

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.