Procore Technologies (PCOR) to Release Quarterly Earnings on Thursday

Procore Technologies (NYSE:PCOR - Get Free Report) will likely be releasing its earnings data after the market closes on Thursday, February 13th. Analysts expect Procore Technologies to post earnings of $0.11 per share and revenue of $297.37 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Procore Technologies Stock Down 1.8 %

Shares of PCOR stock traded down $1.37 during mid-day trading on Thursday, hitting $76.08. The stock had a trading volume of 1,644,027 shares, compared to its average volume of 1,066,197. Procore Technologies has a 12-month low of $49.46 and a 12-month high of $86.67. 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 firm's 50-day moving average is $78.43 and its two-hundred day moving average is $68.24. The firm has a market capitalization of $11.31 billion, a P/E ratio of -152.15 and a beta of 0.84.

Insider Buying and Selling

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the completion of the transaction, the insider now directly owns 83,039 shares of the company's stock, valued at approximately $6,477,042. This trade represents a 1.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Connor Kevin J. O sold 33,332 shares of the company's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total transaction of $2,730,890.76. Following the completion of the sale, the director now directly owns 1,282,648 shares in the company, valued at $105,087,350.64. This trade represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,304 shares of company stock worth $9,026,520 in the last three months. Corporate insiders own 29.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PCOR. Canaccord Genuity Group increased their target price on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. BMO Capital Markets increased their price objective on shares of Procore Technologies from $71.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Jefferies Financial Group upgraded Procore Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $80.00 to $100.00 in a report on Monday, January 6th. KeyCorp lifted their price target on Procore Technologies from $68.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Finally, Scotiabank upped their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Procore Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $86.00.

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.