Procore Technologies, Inc. (NYSE:PCOR) Insider Sells $564,743.04 in Stock

Procore Technologies, Inc. (NYSE:PCOR) insider Steven Scott Davis sold 7,914 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $564,743.04. Following the sale, the insider now owns 184,223 shares in the company, valued at $13,146,153.28. This represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Steven Scott Davis also recently made the following trade(s):

• On Thursday, October 31st, Steven Scott Davis sold 9,671 shares of Procore Technologies stock. The stock was sold at an average price of $65.00, for a total value of $628,615.00.

Procore Technologies Stock Up 1.9 %

Shares of Procore Technologies stock opened at $76.68 on Monday. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s 50-day moving average is $64.19 and its 200 day moving average is $63.92. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of -153.36 and a beta of 0.71.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. Equities research analysts anticipate that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays boosted their price objective on Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday. Canaccord Genuity Group boosted their price objective on Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday. JMP Securities reduced their price objective on Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Thursday, October 31st. DA Davidson boosted their price objective on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Baird R W upgraded Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Procore Technologies by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,299,147 shares of the company’s stock valued at $764,111,000 after purchasing an additional 94,190 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Procore Technologies by 26.2% in the first quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock valued at $103,000 after purchasing an additional 260 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of Procore Technologies in the first quarter valued at $5,177,000. Bamco Inc. NY boosted its stake in Procore Technologies by 756.8% during the first quarter. Bamco Inc. NY now owns 499,559 shares of the company’s stock valued at $41,049,000 after buying an additional 441,256 shares during the period. Finally, Untitled Investments LP bought a new stake in Procore Technologies during the first quarter valued at $1,336,000. Institutional investors own 81.10% of the company’s stock.

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.