Procore Technologies (PCOR) Set to Announce Earnings on Wednesday

Procore Technologies (NYSE:PCOR) will release its earnings data after the market closes on Wednesday, May 1st. Analysts expect Procore Technologies to post earnings of $0.16 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.13. The business had revenue of $260.04 million for the quarter, compared to analysts’ expectations of $248.20 million. Procore Technologies had a negative net margin of 19.97% and a negative return on equity of 12.26%. On average, analysts expect Procore Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Procore Technologies Price Performance

Shares of Procore Technologies stock opened at $70.11 on Tuesday. Procore Technologies has a fifty-two week low of $48.11 and a fifty-two week high of $83.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50-day moving average price of $76.70 and a 200 day moving average price of $68.91.

Analyst Ratings Changes

PCOR has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Procore Technologies from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Piper Sandler increased their price target on Procore Technologies from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. DA Davidson restated a “buy” rating and set a $95.00 price objective on shares of Procore Technologies in a research report on Thursday, March 14th. BMO Capital Markets increased 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. Finally, JPMorgan Chase & Co. raised their target price on Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.86.

Insider Buying and Selling at Procore Technologies

In other news, insider Benjamin C. Singer sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $82.15, for a total value of $246,450.00. Following the completion of the sale, the insider now directly owns 125,321 shares of the company’s stock, valued at approximately $10,295,120.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Benjamin C. Singer sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $82.15, for a total transaction of $246,450.00. Following the transaction, the insider now owns 125,321 shares in the company, valued at $10,295,120.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Howard Fu sold 1,441 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $71.02, for a total value of $102,339.82. Following the transaction, the chief financial officer now directly owns 192,178 shares of the company’s stock, valued at approximately $13,648,481.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 467,672 shares of company stock valued at $36,612,454. Company insiders own 39.20% of the company’s stock.

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.