Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 6,410 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $77.33, for a total value of $495,685.30. Following the sale, the director now directly owns 1,244,188 shares in the company, valued at $96,213,058.04. This represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Procore Technologies Stock Down 1.1 %

Shares of PCOR opened at $75.42 on Friday. The stock has a 50 day moving average price of $78.21 and a 200 day moving average price of $68.33. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $86.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of -150.84 and a beta of 0.84.

Analyst Ratings Changes

PCOR has been the topic of several analyst reports. Jefferies Financial Group raised Procore Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $80.00 to $100.00 in a report on Monday, January 6th. DA Davidson raised their price objective on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JMP Securities reissued a “market outperform” rating and set a $90.00 price target on shares of Procore Technologies in a report on Friday. Finally, Barclays lifted their price objective on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.00.

Institutional Investors Weigh In On Procore Technologies

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in Procore Technologies during the fourth quarter worth about $201,000. HighTower Advisors LLC boosted its holdings in shares of Procore Technologies by 4.6% during the 4th quarter. HighTower Advisors LLC now owns 20,430 shares of the company’s stock worth $1,531,000 after purchasing an additional 896 shares during the last quarter. EPIQ Capital Group LLC grew its position in shares of Procore Technologies by 50.4% in the fourth quarter. EPIQ Capital Group LLC now owns 23,034 shares of the company’s stock valued at $1,726,000 after purchasing an additional 7,714 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Procore Technologies by 14.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,423 shares of the company’s stock valued at $2,055,000 after purchasing an additional 3,561 shares during the last quarter. Finally, AlphaQuest LLC lifted its position in Procore Technologies by 117,000.0% during the fourth quarter. AlphaQuest LLC now owns 1,171 shares of the company’s stock worth $88,000 after buying an additional 1,170 shares in the last quarter. 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.