Procore Technologies, Inc. (NYSE:PCOR) Insider Sells $114,270.00 in Stock

Procore Technologies, Inc. (NYSE:PCOR) insider Benjamin C. Singer sold 1,500 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $76.18, for a total value of $114,270.00. Following the completion of the sale, the insider now owns 84,539 shares in the company, valued at $6,440,181.02. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Procore Technologies Stock Performance

PCOR stock opened at $76.36 on Friday. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $86.67. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of -152.72 and a beta of 0.82. The business’s fifty day simple moving average is $73.89 and its two-hundred day simple moving average is $66.03. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PCOR shares. Canaccord Genuity Group upped their price objective on Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Baird R W upgraded shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Jefferies Financial Group boosted their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Stifel Nicolaus increased their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets boosted their price objective on Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.24.

Hedge Funds Weigh In On Procore Technologies

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the period. V Square Quantitative Management LLC bought a new position in Procore Technologies in the third quarter worth approximately $26,000. Signaturefd LLC lifted its holdings in Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after buying an additional 216 shares during the period. International Assets Investment Management LLC boosted its position in Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after acquiring an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Procore Technologies in the 2nd quarter valued at $51,000. Hedge funds and other 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.