Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin J. O sold 5,128 shares of the business's stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $69.43, for a total value of $356,037.04. Following the transaction, the director now owns 1,478,927 shares of the company's stock, valued at approximately $102,681,901.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Procore Technologies Stock Performance
NYSE PCOR opened at $68.20 on Friday. The company's fifty day moving average is $73.70 and its two-hundred day moving average is $69.66. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of -71.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.61 and a quick ratio of 1.60. Procore Technologies, Inc. has a 52-week low of $48.11 and a 52-week high of $83.35.
Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.15. Procore Technologies had a negative return on equity of 8.25% and a negative net margin of 13.64%. The firm had revenue of $269.43 million during the quarter, compared to analysts' expectations of $263.13 million. Equities research analysts forecast that Procore Technologies, Inc. will post -0.35 EPS for the current year.
Institutional Inflows and Outflows
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A number of institutional investors have recently modified their holdings of PCOR. Burney Co. bought a new position in shares of Procore Technologies in the first quarter valued at about $1,371,000. Untitled Investments LP acquired a new stake in Procore Technologies in the first quarter worth about $1,336,000. Washington Harbour Partners LP raised its holdings in Procore Technologies by 63.8% during the 1st quarter. Washington Harbour Partners LP now owns 24,900 shares of the company's stock worth $2,046,000 after purchasing an additional 9,700 shares during the last quarter. Comerica Bank lifted its position in Procore Technologies by 3.2% during the 1st quarter. Comerica Bank now owns 53,227 shares of the company's stock valued at $4,374,000 after purchasing an additional 1,663 shares during the period. Finally, Tidal Investments LLC bought a new position in shares of Procore Technologies in the 1st quarter valued at about $248,000. Institutional investors own 81.10% of the company's stock.
Analyst Ratings Changes
PCOR has been the topic of several recent analyst reports. JMP Securities lifted their target price on Procore Technologies from $81.00 to $93.00 and gave the company a "market outperform" rating in a research note on Friday, February 16th. KeyCorp increased their target price on shares of Procore Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Canaccord Genuity Group decreased their price objective on shares of Procore Technologies from $95.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, May 2nd. Stifel Nicolaus boosted their target price on Procore Technologies from $64.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Finally, The Goldman Sachs Group increased 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. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $81.79.
Read Our Latest Research Report on Procore Technologies
Procore Technologies Company Profile
(
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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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