Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 1,216 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $61.34, for a total value of $74,589.44. Following the transaction, the chief financial officer now owns 208,184 shares in the company, valued at approximately $12,770,006.56. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Howard Fu also recently made the following trade(s):
- On Friday, March 21st, Howard Fu sold 1,447 shares of Procore Technologies stock. The stock was sold at an average price of $68.79, for a total value of $99,539.13.
- On Friday, March 14th, Howard Fu sold 1,190 shares of Procore Technologies stock. The stock was sold at an average price of $67.00, for a total value of $79,730.00.
- On Monday, March 3rd, Howard Fu sold 2,642 shares of Procore Technologies stock. The shares were sold at an average price of $77.05, for a total transaction of $203,566.10.
- On Wednesday, February 19th, Howard Fu sold 8,000 shares of Procore Technologies stock. The stock was sold at an average price of $87.00, for a total transaction of $696,000.00.
Procore Technologies Price Performance
Procore Technologies stock opened at $59.86 on Thursday. The company's 50 day moving average is $70.68 and its two-hundred day moving average is $72.15. The firm has a market cap of $8.97 billion, a PE ratio of -83.14 and a beta of 0.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $88.92.
Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.46). The company had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. On average, research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a report on Friday, February 14th. UBS Group raised their target price on Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Mizuho reduced their target price on Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday. KeyCorp increased their price target on Procore Technologies from $85.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Piper Sandler boosted their price objective on shares of Procore Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $86.88.
View Our Latest Stock Analysis on Procore Technologies
Hedge Funds Weigh In On Procore Technologies
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Procore Technologies by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 11,900,337 shares of the company's stock worth $891,692,000 after acquiring an additional 838,925 shares in the last quarter. Capital World Investors grew its holdings in shares of Procore Technologies by 453.6% during the fourth quarter. Capital World Investors now owns 3,118,962 shares of the company's stock worth $233,704,000 after purchasing an additional 2,555,612 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Procore Technologies by 99.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company's stock worth $214,377,000 after purchasing an additional 1,425,967 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Procore Technologies by 29,376.1% in the 4th quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company's stock valued at $200,810,000 after purchasing an additional 2,670,872 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Procore Technologies by 14.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,627,408 shares of the company's stock valued at $196,873,000 after purchasing an additional 322,367 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.
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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