Procore Technologies, Inc. (NYSE:PCOR) Director Sells $345,678.48 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $67.41, for a total value of $345,678.48. Following the transaction, the director now directly owns 1,215,984 shares of the company’s stock, valued at approximately $81,969,481.44. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Procore Technologies Trading Up 3.8 %

NYSE PCOR opened at $68.28 on Friday. The stock’s 50-day simple moving average is $77.06 and its two-hundred day simple moving average is $71.15. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of -94.83 and a beta of 0.85.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Research analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PCOR. Piper Sandler increased their price objective on Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, February 14th. TD Cowen raised their price target on Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Mizuho raised their price target on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. UBS Group raised their price target on Procore Technologies from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, KeyCorp raised their price target on Procore Technologies from $85.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.24.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PCOR. Versant Capital Management Inc increased its holdings in shares of Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after buying an additional 147 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the period. Huntington National Bank increased its holdings in shares of Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock worth $49,000 after buying an additional 404 shares during the period. Finally, Hilltop National Bank purchased a new position in shares of Procore Technologies in the fourth quarter worth about $53,000. Hedge funds and other 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.