Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $58.48, for a total transaction of $299,885.44. Following the completion of the sale, the director now directly owns 1,360,848 shares in the company, valued at $79,582,391.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Procore Technologies Price Performance
Shares of PCOR opened at $59.49 on Friday. The firm has a market capitalization of $8.79 billion, a PE ratio of -61.97 and a beta of 0.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.55 and a quick ratio of 1.55. The company’s 50-day moving average is $60.62 and its 200-day moving average is $67.57. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (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 during the quarter, compared to the consensus estimate of $275.26 million. During the same period last year, the business posted ($0.28) earnings per share. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts forecast that Procore Technologies, Inc. will post -0.28 EPS for the current year.
Institutional Trading of Procore Technologies
Analyst Upgrades and Downgrades
PCOR has been the subject of several recent research reports. BMO Capital Markets reduced their price objective on Procore Technologies from $85.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Barclays downgraded shares of Procore Technologies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $78.00 to $54.00 in a report on Friday, August 2nd. KeyCorp reduced their target price on shares of Procore Technologies from $79.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered 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. Finally, The Goldman Sachs Group reduced their price objective on shares of Procore Technologies from $85.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.31.
Check Out Our Latest Analysis on PCOR
About Procore Technologies
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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