Howard Fu Sells 814 Shares of Procore Technologies (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 814 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $72.99, for a total value of $59,413.86. Following the completion of the sale, the chief financial officer directly owned 178,237 shares in the company, valued at $13,009,518.63. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Howard Fu also recently made the following trade(s):

• On Monday, December 22nd, Howard Fu sold 796 shares of Procore Technologies stock. The stock was sold at an average price of $74.42, for a total value of $59,238.32.
• On Friday, November 21st, Howard Fu sold 797 shares of Procore Technologies stock. The stock was sold at an average price of $69.35, for a total value of $55,271.95.
• On Tuesday, October 21st, Howard Fu sold 814 shares of Procore Technologies stock. The shares were sold at an average price of $72.34, for a total value of $58,884.76.

Procore Technologies Trading Up 2.4%

Shares of Procore Technologies stock traded up $1.73 during midday trading on Tuesday, reaching $74.63. 977,712 shares of the company’s stock traded hands, compared to its average volume of 869,915. The stock has a 50 day moving average of $74.42 and a 200-day moving average of $71.78. Procore Technologies, Inc. has a 12 month low of $53.71 and a 12 month high of $88.92. The company has a market cap of $11.60 billion, a PE ratio of -88.84 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. Procore Technologies had a negative return on equity of 6.18% and a negative net margin of 9.84%.The company had revenue of $172.21 million during the quarter. As a group, equities analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Trading of Procore Technologies

Several institutional investors have recently added to or reduced their stakes in PCOR. Versant Capital Management Inc raised its stake in shares of Procore Technologies by 23.6% in the third quarter. Versant Capital Management Inc now owns 938 shares of the company’s stock worth $68,000 after purchasing an additional 179 shares during the last quarter. Jones Financial Companies Lllp raised its position in Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after buying an additional 199 shares during the last quarter. Intellectus Partners LLC lifted its stake in Procore Technologies by 1.6% during the 3rd quarter. Intellectus Partners LLC now owns 12,505 shares of the company’s stock valued at $912,000 after acquiring an additional 200 shares during the period. George Kaiser Family Foundation boosted its holdings in shares of Procore Technologies by 1.0% during the 2nd quarter. George Kaiser Family Foundation now owns 23,168 shares of the company’s stock valued at $1,585,000 after acquiring an additional 240 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Procore Technologies by 3.8% in the second quarter. Russell Investments Group Ltd. now owns 7,312 shares of the company’s stock worth $500,000 after acquiring an additional 269 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PCOR. William Blair restated an “outperform” rating on shares of Procore Technologies in a research note on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Procore Technologies in a research note on Wednesday, October 8th. Barclays raised shares of Procore Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $82.00 to $90.00 in a research report on Monday. Robert W. Baird upped their price objective on shares of Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, KeyCorp lifted their target price on shares of Procore Technologies from $81.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $85.11.

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.