Procore Technologies (NYSE:PCOR) CFO Howard Fu Sells 814 Shares

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 814 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $72.34, for a total value of $58,884.76. Following the sale, the chief financial officer owned 187,847 shares of the company’s stock, valued at approximately $13,588,851.98. This represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Howard Fu also recently made the following trade(s):

• On Monday, September 22nd, Howard Fu sold 796 shares of Procore Technologies stock. The stock was sold at an average price of $71.02, for a total value of $56,531.92.
• On Thursday, August 21st, Howard Fu sold 797 shares of Procore Technologies stock. The stock was sold at an average price of $63.85, for a total value of $50,888.45.

Procore Technologies Stock Up 1.3%

Procore Technologies stock opened at $73.56 on Friday. The business has a fifty day moving average of $70.55 and a two-hundred day moving average of $68.19. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.02. The firm has a market cap of $11.05 billion, a P/E ratio of -76.62 and a beta of 0.90. Procore Technologies, Inc. has a twelve month low of $53.71 and a twelve month high of $88.92.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Wednesday, September 20th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $172.21 million for the quarter. Procore Technologies had a negative return on equity of 7.66% and a negative net margin of 11.58%. On average, analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PCOR. Robert W. Baird upped their target price on Procore Technologies from $83.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. KeyCorp increased their price objective on Procore Technologies from $77.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, August 1st. JMP Securities reiterated a “market perform” rating and set a $95.00 price objective on shares of Procore Technologies in a report on Friday, August 1st. William Blair reiterated an “outperform” rating on shares of Procore Technologies in a report on Friday, October 17th. Finally, DA Davidson began coverage on Procore Technologies in a report on Monday, August 4th. They set a “neutral” rating and a $70.00 price objective for the company. Fifteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.11.

Hedge Funds Weigh In On Procore Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in Procore Technologies by 465.2% in the 3rd quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after acquiring an additional 321 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Procore Technologies by 277.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock worth $35,000 after acquiring an additional 385 shares during the last quarter. SVB Wealth LLC purchased a new position in Procore Technologies in the 1st quarter worth $49,000. Hilltop National Bank purchased a new position in Procore Technologies in the 2nd quarter worth $62,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Procore Technologies in the 2nd quarter worth $68,000. Hedge funds and other institutional investors 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.