Procore Technologies, Inc. (NYSE:PCOR) Director Sells $495,685.30 in Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 6,410 shares of Procore Technologies stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $77.33, for a total transaction of $495,685.30. Following the transaction, the director now owns 1,244,188 shares in the company, valued at approximately $96,213,058.04. This trade represents a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Procore Technologies Trading Down 1.1 %

Shares of Procore Technologies stock opened at $75.42 on Monday. The stock has a market capitalization of $11.21 billion, a PE ratio of -150.84 and a beta of 0.84. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $86.67. The stock has a 50 day moving average price of $78.21 and a two-hundred day moving average price of $68.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson lifted their target price on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. The Goldman Sachs Group lifted their price objective on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Canaccord Genuity Group increased their target price on shares of Procore Technologies from $67.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Stifel Nicolaus boosted their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group began coverage on shares of Procore Technologies in a research report on Monday, December 2nd. They set a “buy” rating and a $105.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Institutional Trading of Procore Technologies

Hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC acquired a new position in Procore Technologies during the fourth quarter worth $201,000. HighTower Advisors LLC increased its position in shares of Procore Technologies by 4.6% during the fourth quarter. HighTower Advisors LLC now owns 20,430 shares of the company’s stock worth $1,531,000 after acquiring an additional 896 shares in the last quarter. EPIQ Capital Group LLC raised its holdings in shares of Procore Technologies by 50.4% in the 4th quarter. EPIQ Capital Group LLC now owns 23,034 shares of the company’s stock worth $1,726,000 after acquiring an additional 7,714 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Procore Technologies by 14.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,423 shares of the company’s stock valued at $2,055,000 after acquiring an additional 3,561 shares in the last quarter. Finally, AlphaQuest LLC boosted its stake in Procore Technologies by 117,000.0% during the 4th quarter. AlphaQuest LLC now owns 1,171 shares of the company’s stock valued at $88,000 after purchasing an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

About Procore Technologies

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.