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

Procore Technologies, Inc. (NYSE:PCOR) insider Benjamin C. Singer sold 1,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $76.18, for a total transaction of $114,270.00. Following the sale, the insider now directly owns 84,539 shares of the company’s stock, valued at $6,440,181.02. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Procore Technologies Price Performance

Shares of PCOR opened at $76.36 on Friday. The business’s 50-day moving average is $73.89 and its two-hundred day moving average is $66.03. The company has a market capitalization of $11.35 billion, a P/E ratio of -152.72 and a beta of 0.82. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The firm had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. Research analysts predict that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

PCOR has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group raised their price target on Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Mizuho boosted their price target on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. TD Cowen increased their price objective on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, KeyCorp boosted their target price on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and an average target price of $84.24.

Hedge Funds Weigh In On Procore Technologies

Several institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc grew its position in Procore Technologies by 3.5% during the third quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock valued at $259,000 after buying an additional 143 shares during the period. Tanager Wealth Management LLP boosted its stake in shares of Procore Technologies by 1.3% during the 3rd quarter. Tanager Wealth Management LLP now owns 12,747 shares of the company’s stock worth $787,000 after acquiring an additional 168 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares during the period. Signaturefd LLC increased its stake 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 purchasing an additional 216 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Procore Technologies by 6.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company’s stock worth $322,000 after purchasing an additional 336 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.