Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) CEO Craig F. Jr. Courtemanche sold 68,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $65.59, for a total transaction of $4,460,120.00. Following the completion of the sale, the chief executive officer now directly owns 527,349 shares in the company, valued at approximately $34,588,820.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Procore Technologies Trading Up 1.2 %
PCOR opened at $68.82 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.61 and a quick ratio of 1.60. Procore Technologies, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $83.35. The firm has a market capitalization of $10.07 billion, a PE ratio of -71.69 and a beta of 0.75. The company’s 50-day moving average is $67.19 and its 200 day moving average is $71.44.
Procore Technologies (NYSE:PCOR – Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.15. Procore Technologies had a negative net margin of 13.64% and a negative return on equity of 8.25%. The company had revenue of $269.43 million for the quarter, compared to analyst estimates of $263.13 million. As a group, research analysts predict that Procore Technologies, Inc. will post -0.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Procore Technologies
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Procore Technologies from $83.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $85.00 price target on shares of Procore Technologies in a research report on Tuesday, June 11th. Canaccord Genuity Group cut their price target on shares of Procore Technologies from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TD Cowen assumed coverage on shares of Procore Technologies in a research report on Wednesday, June 12th. They set a “buy” rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Procore Technologies from $86.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.19.
View Our Latest Report 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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