Procore Technologies (NYSE:PCOR) Director Connor Kevin O Sells 9,615 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin O sold 9,615 shares of Procore Technologies stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $76.37, for a total value of $734,297.55. Following the completion of the transaction, the director owned 1,062,134 shares in the company, valued at $81,115,173.58. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Procore Technologies Trading Up 0.2%

Shares of Procore Technologies stock traded up $0.13 during trading hours on Friday, reaching $75.49. The stock had a trading volume of 1,631,233 shares, compared to its average volume of 1,433,925. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of -89.87 and a beta of 0.90. Procore Technologies, Inc. has a 1 year low of $53.71 and a 1 year high of $88.92. 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 firm has a 50 day simple moving average of $73.05 and a two-hundred day simple moving average of $69.92.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. The business had revenue of $172.21 million during the quarter. As a group, equities research analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Procore Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in Procore Technologies during the 4th quarter worth $511,000. Xponance Inc. grew its stake in Procore Technologies by 1.8% in the first quarter. Xponance Inc. now owns 14,864 shares of the company’s stock worth $981,000 after purchasing an additional 263 shares in the last quarter. Signaturefd LLC grew its stake in Procore Technologies by 53.4% in the first quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock worth $79,000 after purchasing an additional 419 shares in the last quarter. Choreo LLC increased its holdings in Procore Technologies by 21.7% in the first quarter. Choreo LLC now owns 3,991 shares of the company’s stock valued at $263,000 after buying an additional 711 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Procore Technologies during the first quarter valued at approximately $2,779,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PCOR shares. DA Davidson raised Procore Technologies to a “hold” rating in a research report on Friday, November 7th. BMO Capital Markets boosted 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a research report on Wednesday, October 8th. Piper Sandler lifted their price objective on shares of Procore Technologies from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, KeyCorp upped their target price on shares of Procore Technologies from $81.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Fifteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.26.

Procore Technologies Company Profile

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.