Kathryn Bueker Sells 7,000 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Kathryn Bueker sold 7,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $72.43, for a total transaction of $507,010.00. Following the completion of the sale, the director now owns 16,932 shares in the company, valued at approximately $1,226,384.76. The trade was a 29.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Procore Technologies Price Performance

Procore Technologies stock opened at $71.48 on Friday. The business’s 50-day simple moving average is $64.77 and its 200 day simple moving average is $72.56. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of -99.28 and a beta of 0.90. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $310.63 million for the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, research analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. KeyCorp lowered their price target on shares of Procore Technologies from $96.00 to $77.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. JMP Securities lifted their target price on shares of Procore Technologies from $90.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 18th. Mizuho dropped their price target on shares of Procore Technologies from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Canaccord Genuity Group lifted their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Barclays increased their target price on Procore Technologies from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.24.

Institutional Trading of Procore Technologies

A number of institutional investors have recently bought and sold shares of PCOR. Chicago Partners Investment Group LLC boosted its position in shares of Procore Technologies by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock worth $1,199,000 after purchasing an additional 129 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after purchasing an additional 147 shares during the period. V Square Quantitative Management LLC raised its holdings in Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the period. Covestor Ltd raised its stake in Procore Technologies by 15.1% during the 4th quarter. Covestor Ltd now owns 1,571 shares of the company’s stock worth $118,000 after buying an additional 206 shares during the period. Finally, Two Sigma Investments LP raised its stake in Procore Technologies by 5.3% during the 4th quarter. Two Sigma Investments LP now owns 4,181 shares of the company’s stock worth $313,000 after buying an additional 210 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.