Howard Fu Sells 814 Shares of Procore Technologies (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 814 shares of Procore Technologies stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $72.99, for a total value of $59,413.86. Following the transaction, the chief financial officer owned 178,237 shares of the company’s stock, valued at $13,009,518.63. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, December 22nd, Howard Fu sold 796 shares of Procore Technologies stock. The shares were sold at an average price of $74.42, for a total value of $59,238.32.
• On Friday, November 21st, Howard Fu sold 797 shares of Procore Technologies stock. The shares were sold at an average price of $69.35, for a total value of $55,271.95.
• On Tuesday, October 21st, Howard Fu sold 814 shares of Procore Technologies stock. The stock was sold at an average price of $72.34, for a total value of $58,884.76.

Procore Technologies Price Performance

Shares of NYSE:PCOR opened at $74.65 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The stock has a market cap of $11.61 billion, a PE ratio of -88.86 and a beta of 0.90. The stock’s fifty day simple moving average is $74.47 and its two-hundred day simple moving average is $71.80. Procore Technologies, Inc. has a 1-year low of $53.71 and a 1-year high of $88.92.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Wednesday, September 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. Procore Technologies had a negative return on equity of 6.18% and a negative net margin of 9.84%.The firm had revenue of $172.21 million during the quarter. As a group, analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its position in shares of Procore Technologies by 465.2% during the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after acquiring an additional 321 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Procore Technologies during the 3rd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Procore Technologies by 277.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock worth $35,000 after purchasing an additional 385 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after purchasing an additional 199 shares during the period. Finally, First Horizon Corp purchased a new position in Procore Technologies during the 3rd quarter valued at about $49,000. 81.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PCOR shares. Robert W. Baird upped their target price on Procore Technologies from $88.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Wall Street Zen upgraded Procore Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. BMO Capital Markets raised their target price on Procore Technologies from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Berenberg Bank assumed coverage on Procore Technologies in a research note on Friday, October 3rd. They set a “buy” rating and a $84.00 target price on the stock. Finally, DA Davidson upgraded shares of Procore Technologies to a “hold” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.11.

Procore Technologies Company Profile

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.