Connor Kevin J. O Sells 5,128 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin J. O sold 5,128 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $67.10, for a total transaction of $344,088.80. Following the completion of the sale, the director now owns 1,226,240 shares of the company's stock, valued at approximately $82,280,704. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Procore Technologies Stock Down 1.6 %

Shares of PCOR traded down $1.09 during mid-day trading on Tuesday, hitting $68.58. 1,282,205 shares of the company's stock were exchanged, compared to its average volume of 1,671,354. The firm has a fifty day moving average of $76.89 and a two-hundred day moving average of $71.31. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of -95.24 and a beta of 0.85. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

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

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the last quarter. Parkside Financial Bank & Trust grew its stake 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 buying an additional 147 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after buying an additional 162 shares during the last quarter. Huntington National Bank grew its stake in Procore Technologies by 161.6% in the 4th quarter. Huntington National Bank now owns 654 shares of the company's stock valued at $49,000 after buying an additional 404 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Procore Technologies in the 4th quarter valued at $53,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on PCOR. Barclays upped their price target on shares of Procore Technologies from $84.00 to $90.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Procore Technologies from $85.00 to $92.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Jefferies Financial Group upgraded shares of Procore Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $100.00 in a research report on Monday, January 6th. Canaccord Genuity Group upped their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus upped their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.24.

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.