Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) CFO Sells 1,441 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 1,441 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $71.02, for a total value of $102,339.82. Following the completion of the sale, the chief financial officer now owns 192,178 shares of the company’s stock, valued at approximately $13,648,481.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Howard Fu also recently made the following trade(s):

• On Friday, March 22nd, Howard Fu sold 1,457 shares of Procore Technologies stock. The shares were sold at an average price of $81.19, for a total value of $118,293.83.
• On Thursday, February 22nd, Howard Fu sold 4,458 shares of Procore Technologies stock. The shares were sold at an average price of $73.90, for a total value of $329,446.20.

Procore Technologies Stock Performance

NYSE:PCOR opened at $70.09 on Friday. Procore Technologies, Inc. has a one year low of $48.11 and a one year high of $83.35. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $76.82 and a 200 day moving average price of $68.90.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, February 15th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. Procore Technologies had a negative net margin of 19.97% and a negative return on equity of 12.26%. The company had revenue of $260.04 million for the quarter, compared to analysts’ expectations of $248.20 million. On average, analysts forecast that Procore Technologies, Inc. will post -0.64 EPS for the current year.

Hedge Funds Weigh In On Procore Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in shares of Procore Technologies by 2,600.0% in the 3rd quarter. IFP Advisors Inc now owns 378 shares of the company’s stock valued at $25,000 after buying an additional 364 shares during the period. BluePath Capital Management LLC purchased a new position in shares of Procore Technologies during the third quarter worth about $36,000. International Assets Investment Management LLC increased its position in shares of Procore Technologies by 6,823.1% during the fourth quarter. International Assets Investment Management LLC now owns 900 shares of the company’s stock worth $62,000 after purchasing an additional 887 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Procore Technologies in the fourth quarter valued at approximately $62,000. Finally, TFO Wealth Partners LLC increased its holdings in shares of Procore Technologies by 43,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,185 shares of the company’s stock valued at $151,000 after acquiring an additional 2,180 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

PCOR has been the topic of several research reports. BMO Capital Markets raised their target price on Procore Technologies from $76.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Piper Sandler lifted their target price on Procore Technologies from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. The Goldman Sachs Group boosted their price objective on Procore Technologies from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 16th. Stifel Nicolaus upped their target price on Procore Technologies from $64.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their price target on Procore Technologies from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.86.

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.