William Fred Fleming, Jr. Sells 2,668 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) SVP William Fred Fleming, Jr. sold 2,668 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $190,388.48. Following the completion of the sale, the senior vice president now owns 72,605 shares in the company, valued at approximately $5,181,092.80. This represents a 3.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Procore Technologies Price Performance

Procore Technologies stock opened at $76.68 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The company’s fifty day moving average price is $64.19 and its 200 day moving average price is $63.94. The stock has a market capitalization of $11.40 billion, a P/E ratio of -153.36 and a beta of 0.71. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $83.35.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The business had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. As a group, equities research analysts anticipate that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

PCOR has been the topic of several recent research reports. KeyCorp upped their price objective on shares of Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets upped their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a report on Friday. JMP Securities reduced their price objective on Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating for the company in a research note on Thursday, October 31st. DA Davidson upped their target price on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Scotiabank raised their target price on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Institutional Investors Weigh In On Procore Technologies

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Procore Technologies in the 3rd quarter valued at $26,000. Signaturefd LLC lifted its holdings in Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Procore Technologies during the 2nd quarter worth $51,000. Finally, International Assets Investment Management LLC grew its holdings in shares of 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 buying an additional 789 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

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.