Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 5,128 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $62.88, for a total value of $322,448.64. Following the transaction, the director now owns 1,345,464 shares in the company, valued at $84,602,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Procore Technologies Stock Down 0.5 %

PCOR stock opened at $62.80 on Friday. The stock has a market capitalization of $9.19 billion, a PE ratio of -65.42 and a beta of 0.73. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $83.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $59.67 and a 200 day moving average of $64.18.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Procore Technologies had a negative net margin of 8.54% and a negative return on equity of 4.13%. The business had revenue of $284.30 million during the quarter, compared to the consensus estimate of $275.26 million. During the same period in the previous year, the firm posted ($0.28) earnings per share. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Sell-side analysts forecast that Procore Technologies, Inc. will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PCOR. DA Davidson restated a “neutral” rating and set a $60.00 price target on shares of Procore Technologies in a research note on Wednesday, October 2nd. Macquarie restated a “neutral” rating and issued a $70.00 price target on shares of Procore Technologies in a report on Tuesday, July 30th. JPMorgan Chase & Co. dropped their price objective on shares of Procore Technologies from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on shares of Procore Technologies from $85.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Piper Sandler dropped their target price on Procore Technologies from $74.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.13.

Institutional Inflows and Outflows

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

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.