Connor Kevin J. O Sells 7,700 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 7,700 shares of the company’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total value of $436,359.00. Following the completion of the transaction, the director now directly owns 1,208,284 shares in the company, valued at approximately $68,473,454.28. The trade was a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Procore Technologies Stock Performance

NYSE:PCOR opened at $60.50 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50-day moving average is $71.63 and its 200-day moving average is $72.26. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $88.92. The company has a market cap of $9.07 billion, a price-to-earnings ratio of -84.03 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The firm had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. Equities research analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on PCOR shares. Piper Sandler increased their price objective on Procore Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Barclays upped their price objective on shares of Procore Technologies from $84.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group raised their target price on Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group decreased their price target on Procore Technologies from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Procore Technologies currently has an average rating of “Moderate Buy” and an average target price of $89.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PCOR. Procyon Advisors LLC raised its stake in shares of Procore Technologies by 8.6% in the 1st quarter. Procyon Advisors LLC now owns 3,514 shares of the company’s stock valued at $232,000 after buying an additional 278 shares in the last quarter. Intellectus Partners LLC acquired a new position in Procore Technologies in the first quarter worth about $345,000. Portside Wealth Group LLC bought a new position in Procore Technologies during the first quarter worth about $199,000. Northside Capital Management LLC boosted its holdings in Procore Technologies by 6.2% during the first quarter. Northside Capital Management LLC now owns 48,019 shares of the company’s stock valued at $3,170,000 after purchasing an additional 2,783 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Procore Technologies by 9.6% in the 1st quarter. Rhumbline Advisers now owns 154,541 shares of the company’s stock valued at $10,203,000 after purchasing an additional 13,534 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.