Procore Technologies (NYSE:PCOR) Director Connor Kevin O Sells 36,196 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin O sold 36,196 shares of Procore Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $78.06, for a total transaction of $2,825,459.76. Following the transaction, the director directly owned 1,071,749 shares in the company, valued at approximately $83,660,726.94. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Procore Technologies Trading Up 0.2%

Shares of PCOR stock traded up $0.13 during mid-day trading on Friday, reaching $75.49. The company’s stock had a trading volume of 1,631,233 shares, compared to its average volume of 1,433,925. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $11.74 billion, a PE ratio of -89.87 and a beta of 0.90. The company’s 50 day simple moving average is $73.05 and its 200-day simple moving average is $69.92. Procore Technologies, Inc. has a 12-month low of $53.71 and a 12-month high of $88.92.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. The company had revenue of $172.21 million during the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. On average, research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PCOR has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating and issued a $95.00 target price on shares of Procore Technologies in a research report on Friday, August 1st. BMO Capital Markets increased their price target on Procore Technologies from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Stifel Nicolaus boosted their price target on shares of Procore Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Piper Sandler boosted their target price on shares of Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, DA Davidson raised Procore Technologies to a “hold” rating in a report on Friday, November 7th. Fifteen research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.26.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its position in shares of Procore Technologies by 465.2% during the 3rd quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after purchasing an additional 321 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Procore Technologies in the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Procore Technologies by 277.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock worth $35,000 after purchasing an additional 385 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Procore Technologies during the 1st quarter worth about $49,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.