William J.G. Griffith Sells 200 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director William J.G. Griffith sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $82.93, for a total value of $16,586.00. Following the transaction, the director now directly owns 2,944,302 shares of the company’s stock, valued at $244,170,964.86. The trade was a 0.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Procore Technologies Price Performance

Shares of Procore Technologies stock opened at $82.28 on Friday. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The stock’s fifty day moving average is $78.09 and its 200 day moving average is $69.49. The stock has a market cap of $12.23 billion, a P/E ratio of -114.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The company had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. Sell-side analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Procore Technologies

Institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after buying an additional 147 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after buying an additional 162 shares in the last quarter. International Assets Investment Management LLC increased its stake in Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after buying an additional 789 shares in the last quarter. Finally, Huntington National Bank increased its stake in Procore Technologies by 161.6% in the 4th quarter. Huntington National Bank now owns 654 shares of the company’s stock worth $49,000 after buying an additional 404 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PCOR shares. The Goldman Sachs Group upped their target price on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. BMO Capital Markets upped their target price on Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Mizuho upped their target price on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. TD Cowen upped their target price on Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Piper Sandler upped their price target on Procore Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Four investment 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 company’s stock. Based on data from MarketBeat.com, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $89.94.

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.