Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 1,441 shares of Procore Technologies stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $71.02, for a total value of $102,339.82. Following the sale, the chief financial officer now directly owns 192,178 shares in the company, valued at approximately $13,648,481.56. The sale was disclosed in a document filed with the SEC, which is available at this link.
Howard Fu also recently made the following trade(s):
- On Friday, March 22nd, Howard Fu sold 1,457 shares of Procore Technologies stock. The shares were sold at an average price of $81.19, for a total value of $118,293.83.
- On Thursday, February 22nd, Howard Fu sold 4,458 shares of Procore Technologies stock. The shares were sold at an average price of $73.90, for a total value of $329,446.20.
Procore Technologies Stock Performance
PCOR stock opened at $71.11 on Thursday. Procore Technologies, Inc. has a twelve month low of $48.11 and a twelve month high of $83.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. The business has a fifty day moving average of $77.03 and a 200-day moving average of $68.88.
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Procore Technologies (NYSE:PCOR - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.13. The company had revenue of $260.04 million during the quarter, compared to the consensus estimate of $248.20 million. Procore Technologies had a negative return on equity of 12.26% and a negative net margin of 19.97%. As a group, equities research analysts predict that Procore Technologies, Inc. will post -0.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Procore Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC grew its stake in Procore Technologies by 3.0% in the fourth quarter. Ellsworth Advisors LLC now owns 5,901 shares of the company's stock valued at $408,000 after acquiring an additional 170 shares during the period. Handelsbanken Fonder AB grew its stake in Procore Technologies by 0.8% in the third quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company's stock valued at $1,692,000 after acquiring an additional 200 shares during the period. Portside Wealth Group LLC grew its stake in Procore Technologies by 7.5% in the third quarter. Portside Wealth Group LLC now owns 3,311 shares of the company's stock valued at $215,000 after acquiring an additional 231 shares during the period. Fifth Third Bancorp grew its stake in Procore Technologies by 3.8% in the first quarter. Fifth Third Bancorp now owns 7,163 shares of the company's stock valued at $589,000 after acquiring an additional 263 shares during the period. Finally, Caprock Group LLC grew its stake in Procore Technologies by 4.4% in the third quarter. Caprock Group LLC now owns 6,430 shares of the company's stock valued at $420,000 after acquiring an additional 273 shares during the period. Institutional investors own 81.10% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on PCOR. KeyCorp boosted their price target on Procore Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. JPMorgan Chase & Co. boosted their price target on Procore Technologies from $76.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday, January 23rd. The Goldman Sachs Group boosted their price target on Procore Technologies from $74.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, February 16th. JMP Securities boosted their price objective on Procore Technologies from $81.00 to $93.00 and gave the stock a "market outperform" rating in a research note on Friday, February 16th. Finally, Stifel Nicolaus boosted their price objective on Procore Technologies from $64.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.86.
View Our Latest Report on PCOR
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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