Procore Technologies, Inc. (NYSE:PCOR) Director Sells $206,337.90 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 3,846 shares of Procore Technologies stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $53.65, for a total transaction of $206,337.90. Following the completion of the transaction, the director now directly owns 1,444,313 shares in the company, valued at approximately $77,487,392.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Procore Technologies Price Performance

NYSE:PCOR opened at $53.29 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.60 and a current ratio of 1.55. The company has a 50-day moving average of $65.20 and a 200-day moving average of $70.82. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $83.35. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of -55.51 and a beta of 0.75.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The firm had revenue of $284.30 million during the quarter, compared to analysts’ expectations of $275.26 million. Procore Technologies had a negative net margin of 8.54% and a negative return on equity of 4.13%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.28) earnings per share. As a group, equities research analysts anticipate that Procore Technologies, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on PCOR. Mizuho reiterated a “neutral” rating and issued a $70.00 target price (down previously from $75.00) on shares of Procore Technologies in a report on Tuesday, June 4th. KeyCorp cut their price objective on Procore Technologies from $79.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. JMP Securities decreased their target price on Procore Technologies from $93.00 to $82.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. Macquarie reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Procore Technologies in a research report on Tuesday, July 30th. Finally, BMO Capital Markets reduced their price objective on Procore Technologies from $85.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.31.

Institutional Trading of Procore Technologies

Several institutional investors have recently bought and sold shares of PCOR. Signaturefd LLC raised its stake 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 acquiring an additional 216 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Procore Technologies in the 2nd quarter worth about $51,000. International Assets Investment Management LLC increased its position in shares of Procore Technologies by 6,823.1% during the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company’s stock worth $62,000 after purchasing an additional 887 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Procore Technologies during the 4th quarter valued at about $62,000. Finally, Advisors Asset Management Inc. boosted its position in Procore Technologies by 26.2% in the first quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock valued at $103,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds 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.