Procore Technologies, Inc. (NYSE:PCOR) SVP Sells $223,701.96 in Stock

Procore Technologies, Inc. (NYSE:PCOR) SVP William Fred Fleming, Jr. sold 3,188 shares of Procore Technologies stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $70.17, for a total value of $223,701.96. Following the completion of the sale, the senior vice president now owns 87,248 shares of the company’s stock, valued at $6,122,192.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Procore Technologies Stock Performance

Shares of NYSE PCOR traded up $0.58 during trading hours on Friday, reaching $68.75. 773,781 shares of the stock were exchanged, compared to its average volume of 1,499,762. The stock’s fifty day simple moving average is $73.51 and its 200 day simple moving average is $69.78. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of -71.59 and a beta of 0.78. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $83.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.60 and a current ratio of 1.61.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Wednesday, May 1st. The company reported ($0.01) earnings per share for the quarter, topping 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 company had revenue of $269.43 million during the quarter, compared to the consensus estimate of $263.13 million. Sell-side analysts predict that Procore Technologies, Inc. will post -0.35 EPS for the current year.

Institutional Investors Weigh In On Procore Technologies

A number of large investors have recently bought and sold shares of PCOR. International Assets Investment Management LLC boosted its position 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 worth $62,000 after acquiring an additional 887 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Procore Technologies in the 4th quarter valued at $62,000. Advisors Asset Management Inc. raised its holdings in shares of Procore Technologies by 26.2% during the 1st quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock worth $103,000 after buying an additional 260 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position 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 worth $104,000 after buying an additional 297 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Procore Technologies by 29.3% in the first quarter. Covestor Ltd now owns 1,324 shares of the company’s stock valued at $109,000 after buying an additional 300 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCOR has been the topic of several analyst reports. KeyCorp increased their price objective on shares of Procore Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, February 16th. JPMorgan Chase & Co. lifted their price objective on Procore Technologies from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. BMO Capital Markets cut their target price on Procore Technologies from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Canaccord Genuity Group lowered their price target on Procore Technologies from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Procore Technologies from $64.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $81.79.

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.