Howard Fu Sells 1,447 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 1,447 shares of Procore Technologies stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $68.79, for a total value of $99,539.13. Following the completion of the sale, the chief financial officer now owns 144,713 shares of the company's stock, valued at $9,954,807.27. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, March 14th, Howard Fu sold 1,190 shares of Procore Technologies stock. The stock was sold at an average price of $67.00, for a total transaction of $79,730.00.
• On Monday, March 3rd, Howard Fu sold 2,642 shares of Procore Technologies stock. The shares were 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 shares were sold at an average price of $87.00, for a total value of $696,000.00.

Procore Technologies Stock Performance

Shares of Procore Technologies stock traded up $0.39 during trading hours on Tuesday, reaching $72.35. The company's stock had a trading volume of 599,334 shares, compared to its average volume of 1,676,271. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The company's 50 day simple moving average is $76.29 and its 200 day simple moving average is $71.89. 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 stock has a market cap of $10.85 billion, a P/E ratio of -100.48 and a beta of 0.85.

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

Analyst Ratings Changes

PCOR has been the topic of a number of research reports. Piper Sandler raised their price objective on Procore Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Robert W. Baird lifted their price target on shares of Procore Technologies from $87.00 to $96.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Macquarie dropped their price objective on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. UBS Group boosted their price objective on Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group raised shares of Procore Technologies from a "hold" rating to a "buy" rating and raised their price target for the company from $80.00 to $100.00 in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Procore Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.24.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its holdings in shares of Procore Technologies by 92.1% during 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 during the period. Parkside Financial Bank & Trust lifted its position in Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Procore Technologies by 37.8% during the 4th 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 period. Huntington National Bank grew its position in Procore Technologies by 161.6% in the 4th quarter. Huntington National Bank now owns 654 shares of the company's stock worth $49,000 after purchasing an additional 404 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Procore Technologies during the fourth quarter valued at approximately $53,000. 81.10% of the stock is currently owned by institutional investors.

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.