Connor Kevin J. O Sells 6,410 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $77.33, for a total transaction of $495,685.30. Following the completion of the transaction, the director now owns 1,244,188 shares in the company, valued at $96,213,058.04. The trade was a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Procore Technologies Price Performance

NYSE PCOR traded down $0.83 during trading on Friday, hitting $75.42. 1,030,726 shares of the stock traded hands, compared to its average volume of 1,064,777. 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 12-month low of $49.46 and a 12-month high of $86.67. The firm has a 50-day simple moving average of $78.32 and a 200-day simple moving average of $68.29. The company has a market capitalization of $11.21 billion, a P/E ratio of -150.84 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC purchased a new stake in Procore Technologies during the second quarter valued at approximately $271,000. The Manufacturers Life Insurance Company raised its holdings in Procore Technologies by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,180 shares of the company’s stock valued at $1,935,000 after buying an additional 2,254 shares during the period. GAMMA Investing LLC lifted its position in Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after buying an additional 175 shares during the last quarter. CHICAGO TRUST Co NA boosted its stake in Procore Technologies by 18.7% during the third quarter. CHICAGO TRUST Co NA now owns 5,592 shares of the company’s stock worth $345,000 after buying an additional 880 shares during the period. Finally, Creative Planning bought a new position in Procore Technologies during the third quarter valued at $234,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on PCOR. The Goldman Sachs Group raised their target price on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Scotiabank raised their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 22nd. TD Cowen boosted 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. UBS Group assumed coverage on shares of Procore Technologies in a research note on Monday, December 2nd. They set a “buy” rating and a $105.00 target price on the stock. Finally, Canaccord Genuity Group upped their price target on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

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.