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

Procore Technologies, Inc. (NYSE:PCOR) insider Benjamin C. Singer sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the completion of the sale, the insider now owns 83,039 shares in the company, valued at $6,477,042. This represents a 1.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $78.38 on Friday. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $86.67. The firm’s 50-day simple moving average is $77.63 and its two-hundred day simple moving average is $67.49. 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 (NYSE:PCOR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting 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 business had revenue of $295.89 million for the quarter, compared to the consensus estimate of $287.42 million. On average, equities research analysts forecast that Procore Technologies, Inc. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group raised Procore Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $80.00 to $100.00 in a research note on Monday, January 6th. TD Cowen upped their price objective on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Four 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. Based on data from MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PCOR. Dragoneer Investment Group LLC lifted its holdings in Procore Technologies by 254.0% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock worth $148,762,000 after purchasing an additional 1,609,607 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Procore Technologies by 27,239.5% during the third quarter. Wasatch Advisors LP now owns 1,581,318 shares of the company’s stock valued at $97,599,000 after buying an additional 1,575,534 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Procore Technologies in the third quarter valued at approximately $88,572,000. PointState Capital LP purchased a new position in Procore Technologies during the third quarter valued at approximately $81,306,000. Finally, Janus Henderson Group PLC increased its holdings in Procore Technologies by 128.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company’s stock worth $142,267,000 after acquiring an additional 1,297,151 shares during the period. 81.10% of the stock is owned by institutional investors.

About Procore Technologies

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.