Connor Kevin J. O Sells 5,128 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $62.88, for a total transaction of $322,448.64. Following the transaction, the director now directly owns 1,345,464 shares in the company, valued at $84,602,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Procore Technologies Stock Up 2.4 %

Shares of NYSE PCOR opened at $63.12 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $83.35. The firm has a 50-day moving average price of $59.56 and a 200 day moving average price of $64.38. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of -100.19 and a beta of 0.73.

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

Analyst Upgrades and Downgrades

PCOR has been the topic of several research reports. Barclays raised their price objective on shares of Procore Technologies from $54.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Baird R W raised shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. KeyCorp lowered their price objective on shares of Procore Technologies from $79.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Scotiabank lowered their price objective on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Friday, August 2nd. Finally, Piper Sandler lowered their price objective on shares of Procore Technologies from $74.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.13.

Hedge Funds Weigh In On Procore Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after acquiring an additional 175 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Procore Technologies during the third quarter worth about $26,000. Signaturefd LLC raised its position 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 during the last quarter. Rothschild Investment LLC acquired a new position in Procore Technologies during the second quarter worth about $51,000. Finally, International Assets Investment Management LLC raised its position in Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after acquiring an additional 789 shares during 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.