Connor Kevin J. O Sells 6,410 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 6,410 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $76.62, for a total value of $491,134.20. Following the completion of the sale, the director now owns 1,250,598 shares of the company’s stock, valued at approximately $95,820,818.76. This represents a 0.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Procore Technologies Trading Up 1.8 %

NYSE PCOR opened at $78.12 on Friday. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of -156.25 and a beta of 0.83. The business’s fifty day moving average is $76.83 and its 200-day moving average is $67.07. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $86.67.

Procore Technologies (NYSE:PCOR) last released its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The firm had revenue of $295.89 million for the quarter, compared to analysts’ expectations of $287.42 million. Equities research analysts predict that Procore Technologies, Inc. will post -0.22 EPS for the current year.

Institutional Trading of Procore Technologies

Large investors have recently bought and sold shares of the company. Ellsworth Advisors LLC grew its stake in shares of Procore Technologies by 10.5% during the 4th quarter. Ellsworth Advisors LLC now owns 8,355 shares of the company’s stock worth $626,000 after acquiring an additional 794 shares during the period. Procyon Advisors LLC purchased a new stake in Procore Technologies in the 4th quarter worth about $242,000. Northside Capital Management LLC lifted its holdings in Procore Technologies by 28.2% during the fourth quarter. Northside Capital Management LLC now owns 45,236 shares of the company’s stock valued at $3,390,000 after purchasing an additional 9,948 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Procore Technologies by 71.5% during the fourth quarter. Park Avenue Securities LLC now owns 12,713 shares of the company’s stock valued at $953,000 after purchasing an additional 5,299 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Procore Technologies by 99.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company’s stock worth $214,377,000 after purchasing an additional 1,425,967 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PCOR has been the subject of several recent research reports. KeyCorp boosted their price objective on Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Stifel Nicolaus lifted their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Canaccord Genuity Group raised their price objective on shares of Procore Technologies from $67.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Piper Sandler boosted their target price on shares of Procore Technologies from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

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.