Procore Technologies (NYSE:PCOR) Director Connor Kevin O Sells 5,769 Shares

Procore Technologies, Inc. (NYSE:PCORGet Free Report) Director Connor Kevin O sold 5,769 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $41.93, for a total transaction of $241,894.17. Following the completion of the transaction, the director owned 967,901 shares in the company, valued at $40,584,088.93. This represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Procore Technologies Stock Up 4.4%

Shares of NYSE PCOR opened at $43.99 on Friday. The firm’s fifty day moving average is $47.27 and its 200 day moving average is $55.91. Procore Technologies, Inc. has a 52 week low of $38.03 and a 52 week high of $82.32. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.02. The company has a market cap of $6.64 billion, a price-to-earnings ratio of -86.26 and a beta of 0.75.

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

Analyst Ratings Changes

A number of research analysts have commented on PCOR shares. Wall Street Zen lowered Procore Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group cut their price objective on Procore Technologies from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. BTIG Research reissued a “buy” rating and set a $66.00 target price on shares of Procore Technologies in a research note on Wednesday, May 6th. Piper Sandler decreased their target price on Procore Technologies from $79.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Finally, TD Cowen dropped their price target on Procore Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Fourteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.33.

Check Out Our Latest Stock Report on Procore Technologies

Hedge Funds Weigh In On Procore Technologies

Institutional investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. grew its holdings in shares of Procore Technologies by 7,100.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 432 shares of the company’s stock worth $25,000 after acquiring an additional 426 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Procore Technologies in the 3rd quarter valued at approximately $34,000. V Square Quantitative Management LLC bought a new stake in shares of Procore Technologies during the fourth quarter valued at approximately $41,000. Allworth Financial LP boosted its position in shares of 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 in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in shares of Procore Technologies during the fourth quarter valued at approximately $54,000. 81.10% of the stock is owned by institutional investors.

About Procore Technologies

(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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