Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 33,332 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 33,332 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $81.93, for a total value of $2,730,890.76. Following the completion of the sale, the director now directly owns 1,282,648 shares of the company’s stock, valued at approximately $105,087,350.64. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Procore Technologies Trading Down 3.4 %

Shares of PCOR stock opened at $78.82 on Friday. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $86.67. The company has a market cap of $11.72 billion, a PE ratio of -157.64 and a beta of 0.82. 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 is $70.80 and its two-hundred day moving average is $65.29.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PCOR. JPMorgan Chase & Co. increased their price target on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. UBS Group began coverage on shares of Procore Technologies in a research note on Monday, December 2nd. They set a “buy” rating and a $105.00 target price for the company. Barclays upped their price target on shares of Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. TD Cowen increased their price objective on Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, BMO Capital Markets boosted their target price on Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $83.71.

Institutional Investors Weigh In On Procore Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Westfield Capital Management Co. LP boosted its stake in Procore Technologies by 39.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock valued at $59,635,000 after purchasing an additional 272,030 shares during the period. Advantage Alpha Capital Partners LP boosted its position in shares of Procore Technologies by 30.2% in the third quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock valued at $7,825,000 after acquiring an additional 29,431 shares during the period. Pathstone Holdings LLC grew its stake in shares of Procore Technologies by 804.3% in the third quarter. Pathstone Holdings LLC now owns 145,802 shares of the company’s stock worth $8,999,000 after acquiring an additional 129,679 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Procore Technologies by 118.0% in the second quarter. SG Americas Securities LLC now owns 17,466 shares of the company’s stock worth $1,158,000 after acquiring an additional 9,454 shares during the last quarter. Finally, Long Path Partners LP increased its position in Procore Technologies by 5.8% during the third quarter. Long Path Partners LP now owns 358,050 shares of the company’s stock worth $22,099,000 after acquiring an additional 19,547 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

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.