Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu Sells 2,642 Shares

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 2,642 shares of Procore Technologies stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $77.05, for a total transaction of $203,566.10. Following the completion of the sale, the chief financial officer now directly owns 147,350 shares in the company, valued at approximately $11,353,317.50. The trade was a 1.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $696,000.00.

Procore Technologies Trading Up 1.6 %

PCOR stock traded up $1.16 on Friday, hitting $73.33. 1,261,550 shares of the company were exchanged, compared to its average volume of 1,358,958. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. 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 business's fifty day moving average is $77.88 and its two-hundred day moving average is $70.91. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of -101.84 and a beta of 0.85.

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Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings results 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. As a group, research analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Procore Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PCOR. Cache Advisors LLC acquired a new stake in shares of Procore Technologies in the fourth quarter worth $2,909,000. JT Stratford LLC acquired a new stake in shares of Procore Technologies in the fourth quarter worth $284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Procore Technologies by 15.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 298,239 shares of the company's stock worth $22,347,000 after acquiring an additional 39,935 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Procore Technologies in the fourth quarter worth $14,855,000. Finally, Woodline Partners LP increased its position in shares of Procore Technologies by 45.8% in the fourth quarter. Woodline Partners LP now owns 691,980 shares of the company's stock worth $51,850,000 after acquiring an additional 217,351 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analyst Weigh In

PCOR has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, February 14th. TD Cowen lifted their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Piper Sandler lifted their target price on shares of Procore Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Mizuho lifted their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Finally, JMP Securities lifted their target price on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, February 18th. Four equities research 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's stock. According to data from MarketBeat.com, Procore Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $89.94.

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.