Key Points
- SVP William Fred Fleming, Jr. sold 22,000 shares of Procore (NYSE:PCOR) on Nov. 10 at an average price of $78.77 for about $1.733M, leaving him with 63,309 shares — a reported 25.79% reduction in his holdings.
- Procore posted a quarterly EPS of -$0.19 on $172.2M revenue; the stock trades near $78 with a $12.12B market cap, a negative P/E (-92.8), and a 12‑month range of $53.71–$88.92.
- Analysts collectively rate the stock a Moderate Buy (15 Buys, 6 Holds, 1 Sell) with an average price target of $84.26, and several firms recently raised price targets (e.g., KeyCorp to $91, Canaccord to $90).
Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Kathryn Bueker sold 6,500 shares of the business's stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $79.00, for a total value of $513,500.00. Following the completion of the transaction, the director owned 13,481 shares in the company, valued at $1,064,999. This trade represents a 32.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Procore Technologies Stock Down 1.1%
Procore Technologies stock opened at $77.95 on Thursday. Procore Technologies, Inc. has a twelve month low of $53.71 and a twelve month high of $88.92. The stock has a 50 day moving average of $72.82 and a two-hundred day moving average of $69.80. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of -92.80 and a beta of 0.90.
Procore Technologies (NYSE:PCOR - Get Free Report) last released its earnings results on Wednesday, September 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. The company had revenue of $172.21 million during the quarter. As a group, research analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.
Institutional Trading of Procore Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Natixis Advisors LLC boosted its holdings in Procore Technologies by 27.6% during the third quarter. Natixis Advisors LLC now owns 50,691 shares of the company's stock worth $3,696,000 after buying an additional 10,960 shares in the last quarter. Hel Ved Capital Management Ltd increased its holdings in Procore Technologies by 85.8% in the third quarter. Hel Ved Capital Management Ltd now owns 17,430 shares of the company's stock valued at $1,271,000 after buying an additional 8,050 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Procore Technologies by 11.2% during the 3rd quarter. Blair William & Co. IL now owns 1,225,529 shares of the company's stock valued at $89,366,000 after acquiring an additional 123,106 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Procore Technologies during the 3rd quarter worth approximately $603,000. Finally, Intellectus Partners LLC grew its holdings in shares of Procore Technologies by 1.6% in the 3rd quarter. Intellectus Partners LLC now owns 12,505 shares of the company's stock worth $912,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.
Analysts Set New Price Targets
PCOR has been the topic of several recent research reports. JMP Securities reissued a "market perform" rating and issued a $95.00 price objective on shares of Procore Technologies in a research note on Friday, August 1st. Berenberg Bank assumed coverage on shares of Procore Technologies in a research note on Friday, October 3rd. They issued a "buy" rating and a $84.00 target price for the company. Citizens Jmp lowered shares of Procore Technologies from an "outperform" rating to a "market perform" rating in a research note on Friday, August 1st. BMO Capital Markets increased their price target on shares of Procore Technologies from $82.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, November 6th. Finally, William Blair restated an "outperform" rating on shares of Procore Technologies in a research report on Friday, October 17th. Fifteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Procore Technologies currently has an average rating of "Moderate Buy" and an average target price of $84.26.
Check Out Our Latest 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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