Howard Fu Sells 7,748 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCORGet Free Report) CFO Howard Fu sold 7,748 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $70.17, for a total transaction of $543,677.16. Following the completion of the sale, the chief financial officer now directly owns 184,875 shares in the company, valued at $12,972,678.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Howard Fu also recently made the following trade(s):

  • On Monday, April 22nd, Howard Fu sold 1,441 shares of Procore Technologies stock. The stock was sold at an average price of $71.02, for a total transaction of $102,339.82.
  • On Friday, March 22nd, Howard Fu sold 1,457 shares of Procore Technologies stock. The shares were sold at an average price of $81.19, for a total transaction of $118,293.83.

Procore Technologies Stock Up 0.8 %

NYSE:PCOR traded up $0.56 on Friday, reaching $68.73. The stock had a trading volume of 773,781 shares, compared to its average volume of 1,258,902. The company has a 50-day moving average of $73.70 and a 200 day moving average of $69.66. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.06 billion, a P/E ratio of -71.04 and a beta of 0.78. Procore Technologies, Inc. has a 12-month low of $48.11 and a 12-month high of $83.35.

Procore Technologies (NYSE:PCORGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.15. Procore Technologies had a negative return on equity of 8.25% and a negative net margin of 13.64%. The firm had revenue of $269.43 million during the quarter, compared to the consensus estimate of $263.13 million. On average, research analysts predict that Procore Technologies, Inc. will post -0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PCOR shares. KeyCorp boosted their price target on Procore Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Mizuho decreased their target price on Procore Technologies from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Piper Sandler cut their price target on shares of Procore Technologies from $80.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. DA Davidson reiterated a “buy” rating and set a $95.00 price objective on shares of Procore Technologies in a research note on Thursday, March 14th. Finally, The Goldman Sachs Group increased their price objective on shares of Procore Technologies from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Procore Technologies has an average rating of “Moderate Buy” and a consensus price target of $81.79.

Check Out Our Latest Report on Procore Technologies

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PCOR. GW&K Investment Management LLC bought a new stake in shares of Procore Technologies in the 4th quarter valued at approximately $52,130,000. Versor Investments LP bought a new position in shares of Procore Technologies during the fourth quarter valued at approximately $464,000. Vanguard Group Inc. raised its position in shares of Procore Technologies by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,538,670 shares of the company’s stock worth $557,746,000 after purchasing an additional 995,757 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Procore Technologies by 31.8% in the 3rd quarter. California Public Employees Retirement System now owns 139,326 shares of the company’s stock worth $9,101,000 after purchasing an additional 33,590 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Procore Technologies by 1.9% in the third quarter. Rhumbline Advisers now owns 111,137 shares of the company’s stock valued at $7,259,000 after buying an additional 2,073 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Company Profile

(Get Free Report)

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.

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