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

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $58.48, for a total value of $299,885.44. Following the transaction, the director now directly owns 1,360,848 shares in the company, valued at $79,582,391.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Procore Technologies Stock Performance

NYSE PCOR opened at $60.02 on Friday. Procore Technologies, Inc. has a 52-week low of $48.11 and a 52-week high of $83.35. The company has a fifty day moving average of $60.72 and a 200-day moving average of $67.62. The company has a market capitalization of $8.78 billion, a P/E ratio of -62.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.55.

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

Institutional Investors Weigh In On Procore Technologies

Institutional investors have recently bought and sold shares of the stock. Tanager Wealth Management LLP raised its holdings in shares of Procore Technologies by 1.2% during the second quarter. Tanager Wealth Management LLP now owns 12,579 shares of the company’s stock valued at $834,000 after acquiring an additional 150 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its stake in shares of Procore Technologies by 0.3% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 53,845 shares of the company’s stock valued at $3,570,000 after purchasing an additional 180 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Procore Technologies by 26.2% during the first quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock valued at $103,000 after buying an additional 260 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in Procore Technologies by 30.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock worth $104,000 after buying an additional 297 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PCOR. Stifel Nicolaus lowered their price objective on shares of Procore Technologies from $85.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Scotiabank dropped their price target on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets decreased their price objective on Procore Technologies from $85.00 to $71.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. TD Cowen initiated coverage on Procore Technologies in a report on Wednesday, June 12th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on Procore Technologies from $85.00 to $73.00 and set a “buy” rating for the company 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.31.

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.