Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) insider Benjamin C. Singer sold 3,000 shares of Procore Technologies stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $69.05, for a total value of $207,150.00. Following the completion of the transaction, the insider now owns 122,321 shares in the company, valued at $8,446,265.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Procore Technologies Trading Down 1.6 %
Shares of PCOR opened at $68.14 on Friday. The stock has a 50 day simple moving average of $76.24 and a 200-day simple moving average of $68.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a market cap of $9.87 billion, a PE ratio of -70.98 and a beta of 0.78. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $83.35.
Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.13. Procore Technologies had a negative return on equity of 8.37% and a negative net margin of 13.64%. The company had revenue of $260.04 million during the quarter, compared to analysts' expectations of $248.20 million. On average, sell-side analysts predict that Procore Technologies, Inc. will post -0.64 EPS for the current fiscal year.
Hedge Funds Weigh In On Procore Technologies
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new position in shares of Procore Technologies in the third quarter valued at approximately $36,000. International Assets Investment Management LLC increased its holdings in Procore Technologies by 6,823.1% during the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company's stock valued at $62,000 after purchasing an additional 887 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Procore Technologies in the 4th quarter valued at $62,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Procore Technologies by 30.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company's stock worth $104,000 after purchasing an additional 297 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Procore Technologies by 43,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,185 shares of the company's stock worth $151,000 after purchasing an additional 2,180 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have commented on PCOR. BMO Capital Markets dropped their price target on Procore Technologies from $90.00 to $85.00 and set an "outperform" rating on the stock in a research report on Thursday. KeyCorp upped their target price on shares of Procore Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. DA Davidson restated a "buy" rating and issued a $95.00 price target on shares of Procore Technologies in a research report on Thursday, March 14th. Barclays cut their price objective on shares of Procore Technologies from $83.00 to $78.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Piper Sandler decreased their target price on Procore Technologies from $80.00 to $77.00 and set an "overweight" rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.79.
Check Out Our Latest Stock Analysis on PCOR
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.
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