Connor Kevin J. O Sells 5,128 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $67.41, for a total value of $345,678.48. Following the transaction, the director now directly owns 1,215,984 shares in the company, valued at $81,969,481.44. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Procore Technologies Stock Performance

Shares of Procore Technologies stock opened at $68.28 on Friday. The company has a market cap of $10.24 billion, a PE ratio of -94.83 and a beta of 0.85. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $88.92. The business has a 50 day moving average price of $77.06 and a 200-day moving average price of $71.15. 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 (NYSE:PCOR) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). The business had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Equities analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Procore Technologies

A number of institutional investors and hedge funds have recently modified their holdings of PCOR. Atria Investments Inc increased its position in shares of Procore Technologies by 11.9% during the third quarter. Atria Investments Inc now owns 4,950 shares of the company’s stock valued at $306,000 after acquiring an additional 527 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Procore Technologies by 4.0% during the third quarter. Victory Capital Management Inc. now owns 62,897 shares of the company’s stock valued at $3,882,000 after acquiring an additional 2,432 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Procore Technologies by 56.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 58,947 shares of the company’s stock valued at $3,638,000 after acquiring an additional 21,287 shares during the last quarter. KBC Group NV grew its holdings in Procore Technologies by 19.0% during the third quarter. KBC Group NV now owns 2,722 shares of the company’s stock valued at $168,000 after purchasing an additional 435 shares during the period. Finally, Curi RMB Capital LLC grew its holdings in Procore Technologies by 17.6% during the third quarter. Curi RMB Capital LLC now owns 105,909 shares of the company’s stock valued at $6,537,000 after purchasing an additional 15,846 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their price objective on Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Scotiabank boosted their price objective on Procore Technologies from $70.00 to $85.00 and gave the company a “sector outperform” rating in a research note on Friday, November 22nd. Four 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.24.

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.