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 on Wednesday, January 15th. The stock was sold at an average price of $76.62, for a total value of $491,134.20. Following the sale, the director now owns 1,250,598 shares in the company, valued at $95,820,818.76. This trade represents a 0.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Procore Technologies Stock Up 2.7 %

Procore Technologies stock traded up $2.03 during midday trading on Wednesday, hitting $76.85. 1,145,212 shares of the company were exchanged, compared to its average volume of 1,150,415. The company has a market cap of $11.42 billion, a PE ratio of -153.70 and a beta of 0.83. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The company’s fifty day moving average price is $76.72 and its 200-day moving average price is $67.00. 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 (NYSE:PCOR) last posted its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analysts’ expectations of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. On average, research analysts predict that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PCOR has been the topic of a number of research analyst reports. UBS Group started coverage on Procore Technologies in a research note on Monday, December 2nd. They issued a “buy” rating and a $105.00 price target on the stock. DA Davidson increased their price objective on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Baird R W upgraded shares of Procore Technologies to a “strong-buy” rating in a report on Tuesday, September 24th. KeyCorp upped their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Robert W. Baird lifted their price target on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Hedge Funds Weigh In On Procore Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Procore Technologies by 99.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company’s stock worth $214,377,000 after acquiring an additional 1,425,967 shares during the last quarter. XN LP grew its stake in Procore Technologies by 101.1% during the 2nd quarter. XN LP now owns 2,808,251 shares of the company’s stock valued at $186,215,000 after purchasing an additional 1,411,812 shares in the last quarter. Meritage Group LP increased its holdings in Procore Technologies by 66.6% during the 3rd quarter. Meritage Group LP now owns 2,745,504 shares of the company’s stock worth $169,453,000 after purchasing an additional 1,098,019 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Procore Technologies by 128.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company’s stock valued at $142,267,000 after purchasing an additional 1,297,151 shares in the last quarter. Finally, Dragoneer Investment Group LLC boosted its stake in shares of Procore Technologies by 254.0% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock valued at $148,762,000 after buying an additional 1,609,607 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

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.