Procore Technologies, Inc. (NYSE:PCOR) Insider Benjamin C. Singer Sells 1,500 Shares

Procore Technologies, Inc. (NYSE:PCOR) insider Benjamin C. Singer sold 1,500 shares of Procore Technologies stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total value of $117,000.00. Following the completion of the transaction, the insider now owns 83,039 shares in the company, valued at $6,477,042. The trade was a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Procore Technologies Stock Down 0.8 %

Shares of PCOR stock traded down $0.62 during mid-day trading on Thursday, reaching $78.38. 796,926 shares of the company were exchanged, compared to its average volume of 1,025,415. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50 day simple moving average is $77.49 and its 200 day simple moving average is $67.41. The company has a market capitalization of $11.65 billion, a P/E ratio of -156.75 and a beta of 0.83. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. Research analysts predict that Procore Technologies, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

PCOR has been the topic of several research analyst reports. Piper Sandler lifted their price objective on Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. KeyCorp boosted their price objective on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Jefferies Financial Group raised shares of Procore Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $100.00 in a research report on Monday, January 6th. Mizuho lifted their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, TD Cowen increased their price target on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Institutional Trading of Procore Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hanson & Doremus Investment Management grew its position in shares of Procore Technologies by 8.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 28,821 shares of the company’s stock worth $2,160,000 after acquiring an additional 2,192 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Procore Technologies by 55.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 16,731 shares of the company’s stock worth $1,254,000 after purchasing an additional 5,989 shares during the period. KBC Group NV lifted its position in shares of Procore Technologies by 1,550.7% in the 4th quarter. KBC Group NV now owns 44,933 shares of the company’s stock worth $3,367,000 after buying an additional 42,211 shares during the last quarter. Zweig DiMenna Associates LLC grew its holdings in shares of Procore Technologies by 23.5% during the fourth quarter. Zweig DiMenna Associates LLC now owns 120,000 shares of the company’s stock valued at $8,992,000 after purchasing an additional 22,800 shares during the last quarter. Finally, Brighton Jones LLC bought a new stake in shares of Procore Technologies in the 4th quarter worth approximately $511,000. 81.10% of the stock is owned by institutional investors.

About Procore Technologies

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.