Connor Kevin O Sells 7,692 Shares of Procore Technologies (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin O sold 7,692 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $70.56, for a total transaction of $542,747.52. Following the completion of the sale, the director directly owned 1,115,637 shares of the company’s stock, valued at $78,719,346.72. This trade represents a 0.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Procore Technologies Price Performance

Shares of NYSE:PCOR opened at $69.89 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.02. The stock has a market cap of $10.50 billion, a PE ratio of -72.80 and a beta of 0.90. The company’s fifty day moving average is $69.78 and its 200 day moving average is $67.87. Procore Technologies, Inc. has a 52 week low of $53.71 and a 52 week high of $88.92.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Wednesday, September 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $172.21 million for the quarter. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. Research analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Procore Technologies

Several large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in shares of Procore Technologies by 76.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,037,974 shares of the company’s stock worth $294,449,000 after purchasing an additional 1,750,998 shares during the period. Wasatch Advisors LP raised its stake in Procore Technologies by 58.4% in the second quarter. Wasatch Advisors LP now owns 4,656,421 shares of the company’s stock worth $318,592,000 after buying an additional 1,717,492 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Procore Technologies by 84.5% in the first quarter. JPMorgan Chase & Co. now owns 3,259,544 shares of the company’s stock worth $215,195,000 after buying an additional 1,492,869 shares during the period. Norges Bank bought a new stake in Procore Technologies during the 2nd quarter valued at approximately $82,361,000. Finally, Champlain Investment Partners LLC boosted its position in Procore Technologies by 73.3% during the 2nd quarter. Champlain Investment Partners LLC now owns 2,259,420 shares of the company’s stock valued at $154,590,000 after acquiring an additional 955,450 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $82.00 price target on shares of Procore Technologies in a research note on Tuesday. Citizens Jmp downgraded shares of Procore Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 1st. KeyCorp increased their price target on shares of Procore Technologies from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Procore Technologies in a report on Wednesday, October 8th. Finally, Berenberg Bank began coverage on shares of Procore Technologies in a report on Friday, October 3rd. They set a “buy” rating and a $84.00 target price for the company. Fifteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.11.

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.