Procore Technologies, Inc. (NYSE:PCOR) Insider Sells $564,743.04 in Stock

Procore Technologies, Inc. (NYSE:PCOR) insider Steven Scott Davis sold 7,914 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $564,743.04. Following the transaction, the insider now owns 184,223 shares in the company, valued at approximately $13,146,153.28. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Steven Scott Davis also recently made the following trade(s):

• On Thursday, October 31st, Steven Scott Davis sold 9,671 shares of Procore Technologies stock. The shares were sold at an average price of $65.00, for a total value of $628,615.00.

Procore Technologies Stock Performance

Shares of PCOR opened at $76.68 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $64.19 and its 200-day moving average price is $63.92. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $83.35. The stock has a market cap of $11.40 billion, a P/E ratio of -153.36 and a beta of 0.71.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on PCOR. Jefferies Financial Group boosted their price target on Procore Technologies from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday, November 18th. DA Davidson upped their target price on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday. JMP Securities reduced their target price on Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a report on Thursday, October 31st. Baird R W upgraded Procore Technologies to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, 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. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

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 lifted its position in Procore Technologies by 76.4% in the 3rd 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 bought a new position in Procore Technologies in the 3rd quarter valued at approximately $26,000. Signaturefd LLC lifted its position 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 acquiring an additional 216 shares in the last quarter. Rothschild Investment LLC bought a new position in Procore Technologies in the 2nd quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC raised its stake in Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares during the last quarter. 81.10% of the stock is owned by 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.