Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 5,128 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $70.47, for a total transaction of $361,370.16. Following the completion of the transaction, the director now directly owns 1,335,208 shares in the company, valued at approximately $94,092,107.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Procore Technologies Stock Up 3.4 %

PCOR traded up $2.43 during trading on Wednesday, reaching $73.42. The stock had a trading volume of 4,195,857 shares, compared to its average volume of 1,570,036. The stock’s 50 day moving average is $61.55 and its two-hundred day moving average is $63.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $83.35.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Baird R W raised shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. KeyCorp cut their target price on Procore Technologies from $79.00 to $68.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Macquarie reissued a “neutral” rating and issued a $70.00 price target on shares of Procore Technologies in a research report on Tuesday, July 30th. Piper Sandler raised their target price on Procore Technologies from $63.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group cut their target price on Procore Technologies from $85.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $69.94.

Hedge Funds Weigh In On Procore Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC raised its stake in shares of Procore Technologies by 254.0% in the second 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. bought a new stake in Procore Technologies during the 3rd quarter valued at approximately $88,572,000. XN LP raised 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 valued at $186,215,000 after purchasing an additional 1,411,812 shares during the period. Meritage Group LP bought a new stake in Procore Technologies during the 1st quarter valued at approximately $106,738,000. Finally, Millennium Management LLC raised its stake in Procore Technologies by 1,016.0% during the 2nd quarter. Millennium Management LLC now owns 914,534 shares of the company’s stock valued at $60,643,000 after purchasing an additional 832,583 shares during the period. 81.10% of the stock is currently owned by institutional investors.

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.