Procore Technologies, Inc. (NYSE:PCOR) SVP Sells $190,388.48 in Stock

Procore Technologies, Inc. (NYSE:PCOR) SVP William Fred Fleming, Jr. sold 2,668 shares of Procore Technologies stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $190,388.48. Following the transaction, the senior vice president now owns 72,605 shares in the company, valued at approximately $5,181,092.80. The trade was a 3.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Procore Technologies Trading Up 1.9 %

PCOR opened at $76.68 on Friday. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $83.35. 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 business has a fifty day simple moving average of $64.19 and a 200-day simple moving average of $63.94. The firm has a market cap of $11.40 billion, a P/E ratio of -153.36 and a beta of 0.71.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The company had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. On average, equities analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Procore Technologies

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after acquiring an additional 175 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Procore Technologies during the 3rd quarter worth $26,000. Signaturefd LLC increased its holdings in Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after purchasing an additional 216 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares during the period. Finally, Rothschild Investment LLC acquired a new position in shares of Procore Technologies during the second quarter worth about $51,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PCOR shares. Macquarie reiterated a “neutral” rating and set a $70.00 price target on shares of Procore Technologies in a report on Tuesday, July 30th. Jefferies Financial Group lifted their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. Barclays boosted their target price on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday. Scotiabank raised their price target on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a report on Friday. Finally, TD Cowen upped their price objective on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.25.

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.