Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 7,700 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 7,700 shares of the company’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total value of $436,359.00. Following the sale, the director now owns 1,208,284 shares of the company’s stock, valued at approximately $68,473,454.28. This represents a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Procore Technologies Stock Performance

Procore Technologies stock traded down $0.24 during trading hours on Friday, hitting $60.50. 1,305,869 shares of the stock traded hands, compared to its average volume of 1,728,632. The firm’s 50 day moving average price is $71.63 and its 200-day moving average price is $72.26. 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 stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of -84.03 and a beta of 0.90. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, February 13th. The company reported ($0.35) EPS 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 during the quarter, compared to analysts’ expectations of $297.72 million. As a group, equities analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Trading of Procore Technologies

Several large investors have recently made changes to their positions in PCOR. FMR LLC lifted its position in Procore Technologies by 4.6% during the third quarter. FMR LLC now owns 17,939 shares of the company’s stock valued at $1,107,000 after purchasing an additional 797 shares during the period. Stifel Financial Corp lifted its holdings in shares of Procore Technologies by 10.1% in the 3rd quarter. Stifel Financial Corp now owns 118,447 shares of the company’s stock valued at $7,311,000 after buying an additional 10,834 shares during the period. State Street Corp lifted its holdings in shares of Procore Technologies by 13.2% in the 3rd quarter. State Street Corp now owns 1,810,895 shares of the company’s stock valued at $111,768,000 after buying an additional 211,590 shares during the period. Barclays PLC grew its holdings in Procore Technologies by 49.1% during the third quarter. Barclays PLC now owns 69,012 shares of the company’s stock worth $4,259,000 after acquiring an additional 22,734 shares during the period. Finally, M&T Bank Corp purchased a new position in Procore Technologies during the third quarter valued at approximately $250,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PCOR has been the subject of several recent research reports. Canaccord Genuity Group boosted their price target on Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Robert W. Baird boosted 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. Macquarie lowered their price target on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Stifel Nicolaus boosted their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler increased their target price on shares of Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.24.

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.