Procore Technologies (NYSE:PCOR) Price Target Raised to $66.00

Procore Technologies (NYSE:PCOR) had its target price hoisted by Barclays from $64.00 to $66.00 in a research report released on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages also recently weighed in on PCOR. JPMorgan Chase & Co. dropped their price objective on Procore Technologies from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Jefferies Financial Group boosted their price objective on shares of Procore Technologies from $60.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. KeyCorp lowered their target price on shares of Procore Technologies from $79.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. JMP Securities reduced their price target on Procore Technologies from $93.00 to $82.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Finally, DA Davidson reissued a “neutral” rating and issued a $60.00 price objective on shares of Procore Technologies in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $69.94.

Procore Technologies Trading Up 1.5 %

NYSE PCOR opened at $66.63 on Thursday. Procore Technologies has a one year low of $48.11 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of -133.26 and a beta of 0.71. The company’s 50-day simple moving average is $60.10 and its two-hundred day simple moving average is $63.84.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.55%. Equities analysts forecast that Procore Technologies will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, Director Connor Kevin J. O sold 3,846 shares of Procore Technologies stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $53.65, for a total transaction of $206,337.90. Following the completion of the sale, the director now directly owns 1,444,313 shares in the company, valued at approximately $77,487,392.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Procore Technologies news, Director Connor Kevin J. O sold 3,846 shares of Procore Technologies stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $53.65, for a total transaction of $206,337.90. Following the completion of the transaction, the director now owns 1,444,313 shares in the company, valued at approximately $77,487,392.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total value of $1,359,806.02. Following the completion of the transaction, the chief executive officer now directly owns 793,123 shares of the company’s stock, valued at approximately $46,905,294.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,748 shares of company stock worth $5,661,056. 29.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Procore Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after buying an additional 175 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Procore Technologies during the 3rd quarter worth about $26,000. Signaturefd LLC grew its position in shares of Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after acquiring an additional 216 shares during the period. International Assets Investment Management LLC increased its stake in shares of Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after purchasing an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in Procore Technologies in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.