Key Points
- Director Connor Kevin O sold 9,615 shares on Dec. 3 at an average price of $75.13 for about $722,375, reducing his stake by 0.91% to 1,052,519 shares (valued around $79.08M).
- Analysts are largely positive on Procore, with a consensus "Moderate Buy," an average price target of $84.47, and several firms recently raising targets into the $87–$93 range.
- Procore reported Q3 EPS of -$0.19 on $172.2M revenue, has a negative net margin (~9.8%) and ROE, a market cap of ~$12.05B, and a negative trailing PE (~-92.3).
Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin O sold 9,615 shares of the business's stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $75.13, for a total transaction of $722,374.95. Following the sale, the director directly owned 1,052,519 shares of the company's stock, valued at $79,075,752.47. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Procore Technologies Trading Up 1.0%
PCOR stock opened at $77.52 on Friday. Procore Technologies, Inc. has a 12 month low of $53.71 and a 12 month high of $88.92. The firm's 50-day moving average is $73.76 and its 200 day moving average is $70.59. The company has a market capitalization of $12.05 billion, a PE ratio of -92.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.33.
Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $172.21 million during the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. On average, research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on PCOR. Wall Street Zen raised Procore Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. Robert W. Baird upped their target price on Procore Technologies from $88.00 to $93.00 and gave the stock an "outperform" rating in a report on Thursday, November 6th. BMO Capital Markets increased their price target on Procore Technologies from $82.00 to $87.00 and gave the stock an "outperform" rating in a research report on Thursday, November 6th. William Blair restated an "outperform" rating on shares of Procore Technologies in a research note on Friday, October 17th. Finally, KeyCorp lifted their price objective on Procore Technologies from $81.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $84.47.
Check Out Our Latest Report on Procore Technologies
Hedge Funds Weigh In On Procore Technologies
A number of large investors have recently added to or reduced their stakes in PCOR. US Bancorp DE grew its stake in shares of Procore Technologies by 5.5% in the 2nd quarter. US Bancorp DE now owns 21,638 shares of the company's stock valued at $1,480,000 after buying an additional 1,131 shares during the period. Fred Alger Management LLC boosted its stake in Procore Technologies by 15.4% during the first quarter. Fred Alger Management LLC now owns 38,349 shares of the company's stock worth $2,532,000 after buying an additional 5,129 shares during the period. Intellectus Partners LLC increased its position in shares of Procore Technologies by 135.3% during the second quarter. Intellectus Partners LLC now owns 12,305 shares of the company's stock valued at $842,000 after acquiring an additional 7,075 shares during the last quarter. GC Wealth Management RIA LLC purchased a new stake in shares of Procore Technologies in the 2nd quarter valued at approximately $513,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Procore Technologies by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,282,582 shares of the company's stock worth $224,594,000 after acquiring an additional 23,038 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.
Procore Technologies Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
