Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) Director Sells 6,410 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $76.77, for a total value of $492,095.70. Following the completion of the sale, the director now directly owns 1,231,368 shares of the company's stock, valued at $94,532,121.36. The trade was a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Procore Technologies Price Performance

NYSE PCOR traded down $1.23 during trading hours on Tuesday, reaching $75.07. The company's stock had a trading volume of 664,027 shares, compared to its average volume of 1,052,092. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The stock has a market cap of $11.16 billion, a PE ratio of -150.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The company's 50-day moving average is $78.12 and its two-hundred day moving average is $68.38.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Piper Sandler increased their target price on shares of Procore Technologies from $70.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. TD Cowen increased their price target on Procore Technologies from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. JMP Securities reaffirmed a "market outperform" rating and issued a $90.00 target price on shares of Procore Technologies in a report on Friday. Finally, Canaccord Genuity Group increased their price target on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Procore Technologies currently has an average rating of "Moderate Buy" and an average price target of $86.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company's stock valued at $25,000 after buying an additional 175 shares during the period. V Square Quantitative Management LLC acquired a new position in Procore Technologies in the 3rd quarter valued at $26,000. Versant Capital Management Inc lifted its stake in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock worth $27,000 after purchasing an additional 175 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after purchasing an additional 147 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Procore Technologies by 6,069.2% in the third 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 during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

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.