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

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $67.10, for a total transaction of $344,088.80. Following the sale, the director now owns 1,226,240 shares of the company’s stock, valued at $82,280,704. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Procore Technologies Stock Up 3.8 %

Shares of Procore Technologies stock opened at $68.28 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $77.06 and its two-hundred day simple moving average is $71.08. The company has a market cap of $10.24 billion, a P/E ratio of -94.83 and a beta of 0.85. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). The company had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analyst Ratings Changes

PCOR has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. DA Davidson raised their price objective on shares of Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Barclays raised their price objective on shares of Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. UBS Group raised their price objective on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Scotiabank lifted their target price on shares of Procore Technologies from $70.00 to $85.00 and gave the company a “sector outperform” rating in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.24.

Institutional Trading of Procore Technologies

A number of hedge funds have recently modified their holdings of the business. Cache Advisors LLC bought a new stake in shares of Procore Technologies during the 4th quarter valued at $2,909,000. JT Stratford LLC bought a new position in Procore Technologies during the 4th quarter valued at about $284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Procore Technologies by 15.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 298,239 shares of the company’s stock valued at $22,347,000 after acquiring an additional 39,935 shares during the period. Voloridge Investment Management LLC bought a new position in Procore Technologies during the 4th quarter valued at about $14,855,000. Finally, Woodline Partners LP lifted its stake in Procore Technologies by 45.8% during the 4th quarter. Woodline Partners LP now owns 691,980 shares of the company’s stock valued at $51,850,000 after acquiring an additional 217,351 shares during the period. Institutional investors own 81.10% of the company’s stock.

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.