Kathryn Bueker Sells 6,500 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Kathryn Bueker sold 6,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $78.01, for a total transaction of $507,065.00. Following the transaction, the director now directly owns 23,932 shares of the company’s stock, valued at $1,866,935.32. This represents a 21.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Procore Technologies Stock Performance

NYSE:PCOR opened at $81.45 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. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $83.35. The firm has a 50 day moving average of $65.58 and a 200-day moving average of $64.21.

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

Analyst Ratings Changes

PCOR has been the subject of several recent research reports. Jefferies Financial Group upped their price target on Procore Technologies from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday, November 18th. Barclays upped their target price on Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Stifel Nicolaus raised their target price on Procore Technologies from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. TD Cowen boosted their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Five 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 an average rating of “Moderate Buy” and an average target price of $79.25.

Institutional Investors Weigh In On Procore Technologies

A number of hedge funds have recently added to or reduced their stakes in PCOR. XN LP lifted its position in shares of Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company’s stock worth $186,215,000 after purchasing an additional 1,411,812 shares in the last quarter. Meritage Group LP increased its holdings in shares of Procore Technologies by 66.6% in the third quarter. Meritage Group LP now owns 2,745,504 shares of the company’s stock valued at $169,453,000 after purchasing an additional 1,098,019 shares in the last quarter. Janus Henderson Group PLC raised its position in Procore Technologies by 128.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company’s stock worth $142,267,000 after purchasing an additional 1,297,151 shares during the last quarter. Dragoneer Investment Group LLC lifted its holdings in Procore Technologies by 254.0% during the 2nd 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 in the last quarter. Finally, Holocene Advisors LP boosted its position in Procore Technologies by 1.1% in the 3rd quarter. Holocene Advisors LP now owns 1,873,343 shares of the company’s stock valued at $115,623,000 after buying an additional 21,234 shares during the last quarter. Institutional investors own 81.10% 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.