Howard Fu Sells 1,190 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 1,190 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $67.00, for a total value of $79,730.00. Following the sale, the chief financial officer now owns 146,160 shares of the company's stock, valued at approximately $9,792,720. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Trading Down 1.6 %

NYSE PCOR traded down $1.09 during trading hours on Tuesday, hitting $68.58. 1,282,160 shares of the company's stock were exchanged, compared to its average volume of 1,671,354. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of -95.24 and a beta of 0.85. The stock has a 50-day simple moving average of $76.89 and a 200 day simple moving average of $71.31. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92.

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Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $297.72 million. On average, equities analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Procore Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of PCOR. Vanguard Group Inc. grew its stake in shares of Procore Technologies by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 11,900,337 shares of the company's stock valued at $891,692,000 after buying an additional 838,925 shares during the period. Capital World Investors grew its stake in Procore Technologies by 453.6% in the fourth quarter. Capital World Investors now owns 3,118,962 shares of the company's stock valued at $233,704,000 after acquiring an additional 2,555,612 shares during the period. Assenagon Asset Management S.A. increased its holdings 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 valued at $214,377,000 after acquiring an additional 1,425,967 shares in the last quarter. Meritage Group LP raised its position in shares of Procore Technologies by 66.6% during the third 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 period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Procore Technologies by 29,376.1% in the 4th quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company's stock worth $200,810,000 after purchasing an additional 2,670,872 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group raised their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a report on Friday, February 14th. Robert W. Baird boosted their price target on Procore Technologies from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Barclays raised their price objective on shares of Procore Technologies from $84.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. The Goldman Sachs Group boosted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Finally, BMO Capital Markets raised their price target 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. Four 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.