Connor Kevin J. O Sells 5,128 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction on Friday, March 14th. The shares were sold at an average price of $67.41, for a total transaction of $345,678.48. Following the transaction, the director now owns 1,215,984 shares in the company, valued at $81,969,481.44. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Procore Technologies Price Performance

Shares of Procore Technologies stock traded down $1.09 on Tuesday, hitting $68.58. The company had a trading volume of 1,282,205 shares, compared to its average volume of 1,671,354. The business has a 50-day simple moving average of $76.89 and a 200-day simple moving average of $71.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $10.28 billion, a PE ratio of -95.24 and a beta of 0.85. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.46). The company had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PCOR. Versant Capital Management Inc boosted its holdings in shares of Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 147 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Huntington National Bank lifted its stake in Procore Technologies by 161.6% during the fourth quarter. Huntington National Bank now owns 654 shares of the company's stock valued at $49,000 after purchasing an additional 404 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in Procore Technologies during the fourth quarter valued at approximately $53,000. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Macquarie reduced their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Robert W. Baird upped their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets upped their target price on shares of Procore Technologies from $71.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Piper Sandler boosted their price objective 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. Finally, JMP Securities boosted their price objective on shares of Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.24.

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.