Procore Technologies (PCOR) Expected to Announce Quarterly Earnings on Thursday

Procore Technologies (NYSE:PCOR) is projected to release its earnings data after the market closes on Thursday, February 13th. Analysts expect Procore Technologies to post earnings of $0.11 per share and revenue of $297.37 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Procore Technologies Stock Down 0.2 %

Shares of Procore Technologies stock opened at $77.46 on Thursday. Procore Technologies has a 1 year low of $49.46 and a 1 year high of $86.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50-day moving average of $78.43 and a 200 day moving average of $68.24. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of -154.92 and a beta of 0.84.

Insider Buying and Selling

In related news, insider Benjamin C. Singer sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $76.18, for a total transaction of $114,270.00. Following the completion of the sale, the insider now directly owns 84,539 shares in the company, valued at approximately $6,440,181.02. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $70.47, for a total transaction of $361,370.16. Following the completion of the transaction, the director now owns 1,335,208 shares in the company, valued at $94,092,107.76. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,304 shares of company stock valued at $9,026,520 over the last 90 days. Company insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Robert W. Baird lifted their price objective on Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Jefferies Financial Group raised Procore Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $80.00 to $100.00 in a research note on Monday, January 6th. UBS Group began coverage on Procore Technologies in a research report on Monday, December 2nd. They issued a “buy” rating and a $105.00 price target for the company. Finally, KeyCorp upped their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Four equities 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. According to data from MarketBeat, Procore Technologies has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.