Howard Fu Sells 1,447 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 1,447 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $68.79, for a total transaction of $99,539.13. Following the transaction, the chief financial officer now owns 144,713 shares of the company’s stock, valued at $9,954,807.27. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, March 14th, Howard Fu sold 1,190 shares of Procore Technologies stock. The shares were sold at an average price of $67.00, for a total transaction of $79,730.00.
• On Monday, March 3rd, Howard Fu sold 2,642 shares of Procore Technologies stock. The stock was sold at an average price of $77.05, for a total transaction of $203,566.10.
• On Wednesday, February 19th, Howard Fu sold 8,000 shares of Procore Technologies stock. The stock was sold at an average price of $87.00, for a total transaction of $696,000.00.

Procore Technologies Stock Up 1.3 %

PCOR stock opened at $70.37 on Friday. The firm has a 50 day moving average of $76.38 and a 200 day moving average of $71.53. The stock has a market capitalization of $10.55 billion, a PE ratio of -97.73 and a beta of 0.85. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $88.92.

Procore Technologies (NYSE:PCOR) last released its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The company had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. Sell-side analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Procore Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc lifted its stake in Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Parkside Financial Bank & Trust lifted its stake in Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after acquiring an additional 147 shares during the period. V Square Quantitative Management LLC lifted its stake in Procore Technologies by 37.8% during the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares during the period. Huntington National Bank lifted its stake in Procore Technologies by 161.6% during the 4th quarter. Huntington National Bank now owns 654 shares of the company’s stock valued at $49,000 after acquiring an additional 404 shares during the period. Finally, Hilltop National Bank acquired a new stake in Procore Technologies during the 4th quarter valued at approximately $53,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PCOR has been the topic of a number of research reports. Jefferies Financial Group raised shares of Procore Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $80.00 to $100.00 in a research report on Monday, January 6th. Piper Sandler raised their target price on shares of Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Stifel Nicolaus raised their target price 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. UBS Group raised their target price on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Robert W. Baird lifted their price objective on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Procore Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $90.24.

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.