Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) insider Benjamin Singer sold 3,942 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $50.00, for a total value of $197,100.00. Following the completion of the transaction, the insider directly owned 96,723 shares of the company’s stock, valued at approximately $4,836,150. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Procore Technologies Stock Performance
NYSE PCOR opened at $50.65 on Thursday. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of -99.32 and a beta of 0.73. Procore Technologies, Inc. has a twelve month low of $45.02 and a twelve month high of $82.32. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $52.47 and a 200 day moving average of $60.67.
Procore Technologies (NYSE:PCOR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 2.24% and a negative net margin of 5.61%.The firm had revenue of $359.28 million for the quarter, compared to analysts’ expectations of $352.82 million. During the same quarter last year, the firm posted $0.23 earnings per share. Procore Technologies’s quarterly revenue was up 15.7% on a year-over-year basis. Sell-side analysts anticipate that Procore Technologies, Inc. will post 0.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Procore Technologies
Analyst Ratings Changes
A number of research analysts recently commented on PCOR shares. UBS Group decreased their price objective on Procore Technologies from $74.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen cut Procore Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. BTIG Research reiterated a “buy” rating and issued a $66.00 price objective on shares of Procore Technologies in a research note on Wednesday, May 6th. Citizens Jmp upgraded Procore Technologies from a “market perform” rating to a “market outperform” rating and set a $71.00 price objective on the stock in a research note on Wednesday, April 29th. Finally, Piper Sandler reduced their price objective on Procore Technologies from $79.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Fifteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.56.
Check Out Our Latest Analysis on Procore Technologies
About Procore Technologies
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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