Procore Technologies (NYSE:PCOR) PT Lowered to $75.00 at Mizuho

Procore Technologies (NYSE:PCOR) had its target price trimmed by Mizuho from $80.00 to $75.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently commented on PCOR. BMO Capital Markets boosted their price target on Procore Technologies from $76.00 to $90.00 and gave the stock an outperform rating in a research report on Friday, February 16th. DA Davidson reissued a buy rating and issued a $95.00 price target on shares of Procore Technologies in a research report on Thursday, March 14th. KeyCorp boosted their price target on Procore Technologies from $85.00 to $95.00 and gave the stock an overweight rating in a research report on Friday, February 16th. The Goldman Sachs Group upped their price objective on Procore Technologies from $74.00 to $85.00 and gave the company a buy rating in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. upped their price objective on Procore Technologies from $76.00 to $81.00 and gave the company an overweight rating in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $81.79.

Procore Technologies Trading Down 1.6 %

PCOR stock opened at $68.14 on Thursday. Procore Technologies has a fifty-two week low of $48.11 and a fifty-two week high of $83.35. The business’s 50 day moving average price is $76.24 and its two-hundred day moving average price is $68.91. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. Procore Technologies had a negative return on equity of 8.37% and a negative net margin of 13.64%. The firm had revenue of $260.04 million for the quarter, compared to the consensus estimate of $248.20 million. Sell-side analysts forecast that Procore Technologies will post -0.62 EPS for the current year.

Insider Transactions at Procore Technologies

In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 110,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $80.00, for a total value of $8,800,000.00. Following the completion of the sale, the chief executive officer now owns 532,749 shares in the company, valued at approximately $42,619,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Procore Technologies news, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $72.21, for a total value of $370,292.88. Following the completion of the sale, the director now owns 1,543,037 shares in the company, valued at approximately $111,422,701.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig F. Jr. Courtemanche sold 110,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $80.00, for a total value of $8,800,000.00. Following the completion of the sale, the chief executive officer now owns 532,749 shares of the company’s stock, valued at approximately $42,619,920. The disclosure for this sale can be found here. Insiders sold 538,672 shares of company stock worth $41,509,564 in the last three months. Corporate insiders own 39.20% of the company’s stock.

Institutional Investors Weigh In On Procore Technologies

Institutional investors have recently bought and sold shares of the business. BluePath Capital Management LLC bought a new position in shares of Procore Technologies during the 3rd quarter valued at about $36,000. International Assets Investment Management LLC boosted its holdings in shares of Procore Technologies by 6,823.1% during the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company’s stock valued at $62,000 after purchasing an additional 887 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Procore Technologies during the 4th quarter valued at about $62,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Procore Technologies by 30.7% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock valued at $104,000 after purchasing an additional 297 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in shares of Procore Technologies by 43,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,185 shares of the company’s stock valued at $151,000 after purchasing an additional 2,180 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

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.