Procore Technologies, Inc. (NYSE:PCOR) Director Sells $318,294.96 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $62.07, for a total transaction of $318,294.96. Following the completion of the sale, the director now owns 1,355,720 shares in the company, valued at approximately $84,149,540.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Procore Technologies Stock Performance

Shares of PCOR stock traded up $1.50 during trading hours on Thursday, hitting $63.12. The company had a trading volume of 1,124,674 shares, compared to its average volume of 1,440,251. The company’s fifty day moving average is $59.43 and its 200 day moving average is $64.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.55. Procore Technologies, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $83.35.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Procore Technologies had a negative net margin of 8.54% and a negative return on equity of 4.13%. The firm had revenue of $284.30 million for the quarter, compared to analyst estimates of $275.26 million. During the same period in the prior year, the business posted ($0.28) EPS. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities research analysts anticipate that Procore Technologies, Inc. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Procore Technologies

Several large investors have recently made changes to their positions in PCOR. Vanguard Group Inc. increased its stake in Procore Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,299,147 shares of the company’s stock worth $764,111,000 after buying an additional 94,190 shares during the period. XN LP increased its stake in Procore Technologies by 101.1% during the 2nd quarter. XN LP now owns 2,808,251 shares of the company’s stock worth $186,215,000 after buying an additional 1,411,812 shares during the period. Dragoneer Investment Group LLC increased its stake in Procore Technologies by 254.0% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock worth $148,762,000 after buying an additional 1,609,607 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Procore Technologies during the 3rd quarter worth approximately $88,572,000. Finally, Robeco Schweiz AG increased its stake in Procore Technologies by 20.1% during the 2nd quarter. Robeco Schweiz AG now owns 1,315,000 shares of the company’s stock worth $87,198,000 after buying an additional 220,000 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PCOR. The Goldman Sachs Group dropped their target price on shares of Procore Technologies from $85.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Piper Sandler decreased their price target on shares of Procore Technologies from $74.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their price target on shares of Procore Technologies from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Scotiabank decreased their price target on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 2nd. Finally, BMO Capital Markets decreased their price target on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $70.13.

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.