Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin J. O sold 5,128 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $62.07, for a total value of $318,294.96. Following the completion of the transaction, the director now owns 1,355,720 shares in the company, valued at $84,149,540.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Procore Technologies Stock Up 2.4 %
Procore Technologies stock opened at $63.12 on Friday. Procore Technologies, Inc. has a twelve month low of $48.11 and a twelve month high of $83.35. The stock's fifty day simple moving average is $59.56 and its 200-day simple moving average is $64.38. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $9.32 billion, a P/E ratio of -100.19 and a beta of 0.73.
Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $284.30 million for the quarter, compared to analyst estimates of $275.26 million. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. Procore Technologies's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.28) earnings per share. As a group, equities analysts expect that Procore Technologies, Inc. will post -0.28 earnings per share for the current fiscal year.
Analyst Ratings Changes
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A number of research firms recently commented on PCOR. BMO Capital Markets decreased their price objective on Procore Technologies from $85.00 to $71.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Robert W. Baird assumed coverage on Procore Technologies in a research note on Tuesday, September 24th. They set an "outperform" rating and a $73.00 price target on the stock. KeyCorp decreased their price target on Procore Technologies from $79.00 to $68.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Baird R W upgraded Procore Technologies to a "strong-buy" rating in a research note on Tuesday, September 24th. Finally, Scotiabank decreased their price target on Procore Technologies from $90.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Procore Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $70.13.
Read Our Latest Analysis on PCOR
Hedge Funds Weigh In On Procore Technologies
Several large investors have recently bought and sold shares of PCOR. Park Avenue Securities LLC increased its holdings in Procore Technologies by 67.7% in the first quarter. Park Avenue Securities LLC now owns 7,475 shares of the company's stock valued at $614,000 after buying an additional 3,017 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Procore Technologies in the first quarter valued at $470,000. Diversified Trust Co increased its holdings in Procore Technologies by 394.5% in the first quarter. Diversified Trust Co now owns 17,876 shares of the company's stock valued at $1,469,000 after buying an additional 14,261 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Procore Technologies by 85.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 766,291 shares of the company's stock valued at $62,966,000 after buying an additional 353,794 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in Procore Technologies by 78.1% in the first quarter. Wasatch Advisors LP now owns 5,603 shares of the company's stock valued at $460,000 after buying an additional 2,457 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.
Procore Technologies Company Profile
(
Get Free Report)
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.
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