Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) 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 transaction of $436,359.00. Following the completion of the transaction, the director now directly owns 1,208,284 shares in the company, valued at approximately $68,473,454.28. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Procore Technologies Stock Performance
Shares of PCOR stock opened at $60.50 on Friday. The company has a market capitalization of $9.07 billion, a P/E ratio of -84.03 and a beta of 0.90. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. 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 stock has a 50 day moving average price of $71.63 and a two-hundred day moving average price of $72.26.
Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.46). The firm had revenue of $302.05 million for the quarter, compared to analysts' expectations of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on PCOR. Canaccord Genuity Group upped their target price on Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Macquarie dropped their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Jefferies Financial Group decreased their price target on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Piper Sandler lifted their price objective on shares of Procore Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.24.
Read Our Latest Research Report on Procore Technologies
Institutional Trading of Procore Technologies
A number of institutional investors have recently modified their holdings of PCOR. Chicago Partners Investment Group LLC raised its position in Procore Technologies by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock valued at $1,199,000 after purchasing an additional 129 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after buying an additional 147 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after buying an additional 162 shares during the period. Versant Capital Management Inc raised its holdings in shares of Procore Technologies by 92.1% during the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Procore Technologies by 15.1% in the fourth quarter. Covestor Ltd now owns 1,571 shares of the company's stock worth $118,000 after acquiring an additional 206 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.
About Procore Technologies
(
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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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