Procore Technologies (PCOR) to Release Quarterly Earnings on Thursday

Procore Technologies (NYSE:PCOR) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Procore Technologies to post earnings of $0.11 per share and revenue of $297.41 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Procore Technologies Stock Performance

PCOR opened at $74.85 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The business has a fifty day simple moving average of $77.96 and a 200 day simple moving average of $68.41. Procore Technologies has a 1 year low of $49.46 and a 1 year high of $86.67. The company has a market capitalization of $11.13 billion, a PE ratio of -149.69 and a beta of 0.84.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,668 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $190,388.48. Following the completion of the sale, the senior vice president now owns 72,605 shares of the company’s stock, valued at approximately $5,181,092.80. This represents a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven Scott Davis sold 7,914 shares of Procore Technologies stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total transaction of $564,743.04. Following the transaction, the insider now directly owns 184,223 shares of the company’s stock, valued at $13,146,153.28. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,656 shares of company stock worth $8,776,297. 29.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Robert W. Baird boosted their price objective on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Canaccord Genuity Group raised their target price on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. UBS Group started coverage on Procore Technologies in a research note on Monday, December 2nd. They issued a “buy” rating and a $105.00 price target for the company. Finally, JMP Securities reissued a “market outperform” rating and set a $90.00 price target on shares of Procore Technologies in a research report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Procore Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

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.