Procore Technologies (NYSE:PCOR) Price Target Increased to $70.00 by Analysts at TD Cowen

Procore Technologies (NYSE:PCOR - Get Free Report) had its price target boosted by stock analysts at TD Cowen from $65.00 to $70.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 13.10% from the company's previous close.

PCOR has been the topic of a number of other research reports. Macquarie reissued a "neutral" rating and issued a $70.00 price target on shares of Procore Technologies in a research note on Tuesday, July 30th. JMP Securities cut their price target on shares of Procore Technologies from $93.00 to $82.00 and set a "market outperform" rating on the stock in a research note on Friday, August 2nd. Piper Sandler lowered their price objective on shares of Procore Technologies from $74.00 to $63.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Baird R W raised shares of Procore Technologies to a "strong-buy" rating in a research report on Tuesday, September 24th. Finally, Robert W. Baird started coverage on Procore Technologies in a report on Tuesday, September 24th. They set an "outperform" rating and a $73.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $69.19.

Procore Technologies Trading Down 1.4 %

Shares of NYSE PCOR traded down $0.91 during trading on Monday, reaching $61.89. The company had a trading volume of 2,014,734 shares, compared to its average volume of 1,527,551. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The business's 50 day moving average price is $59.67 and its 200-day moving average price is $64.10. Procore Technologies has a 52 week low of $48.11 and a 52 week high of $83.35.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The business had revenue of $284.30 million for the quarter, compared to analysts' expectations of $275.26 million. During the same quarter last year, the business earned ($0.28) earnings per share. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, research analysts forecast that Procore Technologies will post -0.28 EPS for the current year.

Insider Buying and Selling

In other news, Director Connor Kevin J. O sold 5,128 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $62.88, for a total value of $322,448.64. Following the completion of the sale, the director now owns 1,345,464 shares of the company's stock, valued at approximately $84,602,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Connor Kevin J. O sold 5,128 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $62.88, for a total transaction of $322,448.64. Following the completion of the sale, the director now owns 1,345,464 shares of the company's stock, valued at $84,602,776.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the business's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $1,359,806.02. Following the completion of the transaction, the chief executive officer now owns 793,123 shares of the company's stock, valued at $46,905,294.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,748 shares of company stock worth $5,661,056. Company insiders own 29.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Procore Technologies by 76.4% in the 3rd 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 last quarter. V Square Quantitative Management LLC bought a new position in Procore Technologies during the 3rd quarter worth $26,000. Signaturefd LLC raised its position in Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company's stock worth $42,000 after purchasing an additional 216 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock worth $49,000 after buying an additional 789 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in shares of Procore Technologies in the second quarter valued at about $51,000. Institutional investors and hedge funds own 81.10% of the company's stock.

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.