Benjamin Singer Sells 3,942 Shares of Procore Technologies (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCORGet 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:PCORGet 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

Several large investors have recently bought and sold shares of PCOR. Argos Wealth Advisors LLC boosted its stake in shares of Procore Technologies by 3.9% during the first quarter. Argos Wealth Advisors LLC now owns 5,154 shares of the company’s stock worth $294,000 after buying an additional 195 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Procore Technologies by 70.8% during the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after buying an additional 199 shares during the period. Intellectus Partners LLC boosted its stake in shares of Procore Technologies by 1.6% during the third quarter. Intellectus Partners LLC now owns 12,505 shares of the company’s stock worth $912,000 after buying an additional 200 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Procore Technologies by 1.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,685 shares of the company’s stock worth $1,068,000 after buying an additional 202 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Procore Technologies by 48.2% during the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

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

(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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