Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin J. O sold 6,410 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $77.13, for a total transaction of $494,403.30. Following the completion of the transaction, the director now owns 1,507,131 shares of the company's stock, valued at $116,245,014.03. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Procore Technologies Stock Down 0.5 %
Shares of NYSE PCOR opened at $77.69 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49. The company's fifty day simple moving average is $76.74 and its 200 day simple moving average is $68.00. Procore Technologies, Inc. has a 12-month low of $48.11 and a 12-month high of $83.35.
Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.13. The company had revenue of $260.04 million for the quarter, compared to analysts' expectations of $248.20 million. Procore Technologies had a negative net margin of 19.97% and a negative return on equity of 12.26%. On average, equities analysts predict that Procore Technologies, Inc. will post -0.64 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in shares of Procore Technologies by 2,600.0% during the third quarter. IFP Advisors Inc now owns 378 shares of the company's stock valued at $25,000 after acquiring an additional 364 shares in the last quarter. West Tower Group LLC bought a new position in shares of Procore Technologies in the 4th quarter worth $32,000. PNC Financial Services Group Inc. acquired a new stake in Procore Technologies in the 1st quarter valued at $31,000. BluePath Capital Management LLC bought a new stake in Procore Technologies during the 3rd quarter valued at $36,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in Procore Technologies during the third quarter worth $40,000. Institutional investors own 81.10% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on PCOR shares. Piper Sandler increased their price objective on Procore Technologies from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 16th. KeyCorp raised their price objective on Procore Technologies from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. The Goldman Sachs Group upped their target price on Procore Technologies from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 16th. JMP Securities raised their price target on shares of Procore Technologies from $81.00 to $93.00 and gave the stock a "market outperform" rating in a report on Friday, February 16th. Finally, BMO Capital Markets upped their price objective on shares of Procore Technologies from $76.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.86.
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About Procore Technologies
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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.
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