Procore Technologies (NYSE:PCOR) Director Sells $247,863.00 in Stock

Procore Technologies, Inc. (NYSE:PCORGet Free Report) Director Connor Kevin O sold 5,775 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $42.92, for a total transaction of $247,863.00. Following the transaction, the director directly owned 979,439 shares of the company’s stock, valued at $42,037,521.88. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Procore Technologies Price Performance

Procore Technologies stock traded down $1.68 during mid-day trading on Wednesday, reaching $40.14. The company had a trading volume of 4,177,579 shares, compared to its average volume of 2,250,427. Procore Technologies, Inc. has a 1 year low of $40.04 and a 1 year high of $82.32. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $6.06 billion, a P/E ratio of -78.70 and a beta of 0.73. The stock’s 50-day simple moving average is $50.01 and its 200-day simple moving average is $58.68.

Procore Technologies (NYSE:PCORGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Procore Technologies had a negative net margin of 5.61% and a negative return on equity of 2.24%. The company had revenue of $359.28 million during the quarter, compared to analysts’ expectations of $352.82 million. During the same period last year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities analysts predict that Procore Technologies, Inc. will post 0.06 EPS for the current year.

Hedge Funds Weigh In On Procore Technologies

Hedge funds have recently made changes to their positions in the business. Argos Wealth Advisors LLC lifted its stake in Procore Technologies by 3.9% during the first quarter. Argos Wealth Advisors LLC now owns 5,154 shares of the company’s stock valued at $294,000 after purchasing an additional 195 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Procore Technologies by 70.8% during the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after purchasing an additional 199 shares during the last quarter. Intellectus Partners LLC lifted its stake in Procore Technologies by 1.6% during the third quarter. Intellectus Partners LLC now owns 12,505 shares of the company’s stock valued at $912,000 after purchasing an additional 200 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Procore Technologies by 1.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,685 shares of the company’s stock valued at $1,068,000 after purchasing an additional 202 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Procore Technologies by 48.2% during the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PCOR. UBS Group dropped their price objective on shares of Procore Technologies from $74.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Procore Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. The Goldman Sachs Group decreased their price target on shares of Procore Technologies from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Wall Street Zen lowered shares of Procore Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, TD Cowen dropped their price target on shares of Procore Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Procore Technologies has an average rating of “Moderate Buy” and a consensus target price of $71.33.

Check Out Our Latest Stock Analysis on PCOR

Procore Technologies Company Profile

(Get Free Report)

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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Insider Buying and Selling by Quarter for Procore Technologies (NYSE:PCOR)

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