Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 8,974 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 8,974 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $58.06, for a total value of $521,030.44. Following the completion of the sale, the director now directly owns 1,371,104 shares in the company, valued at approximately $79,606,298.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Procore Technologies Trading Up 5.6 %

NYSE PCOR opened at $60.02 on Friday. The company has a market capitalization of $8.78 billion, a PE ratio of -62.52 and a beta of 0.73. Procore Technologies, Inc. has a 1-year low of $48.11 and a 1-year high of $83.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $60.72 and its 200-day simple moving average is $67.62.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The company had revenue of $284.30 million during the quarter, compared to the consensus estimate of $275.26 million. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The business’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period last year, the business earned ($0.28) EPS. As a group, sell-side analysts anticipate that Procore Technologies, Inc. will post -0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PCOR has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Mizuho reiterated a “neutral” rating and set a $70.00 price objective (down previously from $75.00) on shares of Procore Technologies in a research report on Tuesday, June 4th. Barclays cut Procore Technologies from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $78.00 to $54.00 in a report on Friday, August 2nd. Macquarie reiterated a “neutral” rating and issued a $70.00 price target on shares of Procore Technologies in a research report on Tuesday, July 30th. Finally, JMP Securities cut their price objective on Procore Technologies from $93.00 to $82.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.31.

Institutional Trading of Procore Technologies

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the last quarter. Rothschild Investment LLC bought a new position in Procore Technologies during the second quarter valued at about $51,000. Quarry LP lifted its position in shares of Procore Technologies by 984.6% in the second quarter. Quarry LP now owns 1,128 shares of the company’s stock worth $75,000 after buying an additional 1,024 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Procore Technologies by 26.2% during the 1st quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock worth $103,000 after acquiring an additional 260 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Procore Technologies by 30.7% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock worth $104,000 after acquiring an additional 297 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

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.