Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 1,500 shares of Procore Technologies stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $71.75, for a total value of $107,625.00. Following the completion of the transaction, the chief financial officer now owns 171,997 shares in the company, valued at $12,340,784.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Howard Fu also recently made the following trade(s):
- On Thursday, August 22nd, Howard Fu sold 7,922 shares of Procore Technologies stock. The shares were sold at an average price of $59.14, for a total value of $468,507.08.
Procore Technologies Trading Down 1.0 %
Shares of NYSE:PCOR traded down $0.70 during trading on Friday, hitting $70.46. The company's stock had a trading volume of 1,343,828 shares, compared to its average volume of 1,561,519. 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 fifty-two week low of $49.46 and a fifty-two week high of $83.35. The stock's 50-day moving average price is $60.81 and its two-hundred day moving average price is $63.83.
Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. As a group, analysts forecast that Procore Technologies, Inc. will post -0.23 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently weighed in on PCOR. JPMorgan Chase & Co. reduced their target price on Procore Technologies from $90.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Baird R W upgraded Procore Technologies to a "strong-buy" rating in a research note on Tuesday, September 24th. BMO Capital Markets reduced their price objective on Procore Technologies from $85.00 to $71.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. TD Cowen boosted their price objective on Procore Technologies from $65.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Finally, Jefferies Financial Group boosted their price objective on Procore Technologies from $60.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $69.94.
Get Our Latest Stock Report on PCOR
Institutional Trading of Procore Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dragoneer Investment Group LLC grew its holdings in shares of Procore Technologies by 254.0% during the second quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company's stock valued at $148,762,000 after purchasing an additional 1,609,607 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Procore Technologies during the third quarter valued at approximately $88,572,000. XN LP grew its holdings in shares of Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company's stock valued at $186,215,000 after purchasing an additional 1,411,812 shares during the last quarter. Meritage Group LP bought a new position in shares of Procore Technologies during the first quarter valued at approximately $106,738,000. Finally, William Blair Investment Management LLC bought a new position in shares of Procore Technologies during the first quarter valued at approximately $91,158,000. 81.10% of the stock is owned by institutional investors.
Procore Technologies Company Profile
(
Get Free Report)
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.
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