Procore Technologies, Inc. (NYSE:PCOR) CFO Sells $74,589.44 in Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 1,216 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $61.34, for a total transaction of $74,589.44. Following the sale, the chief financial officer now directly owns 208,184 shares of the company's stock, valued at approximately $12,770,006.56. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, March 21st, Howard Fu sold 1,447 shares of Procore Technologies stock. The stock was sold at an average price of $68.79, for a total value of $99,539.13.
• On Friday, March 14th, Howard Fu sold 1,190 shares of Procore Technologies stock. The shares were sold at an average price of $67.00, for a total value 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 stock was sold at an average price of $87.00, for a total value of $696,000.00.

Procore Technologies Stock Down 4.8 %

Shares of PCOR traded down $2.82 during midday trading on Monday, hitting $55.53. The stock had a trading volume of 547,790 shares, compared to its average volume of 1,435,222. 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 has a market cap of $8.33 billion, a price-to-earnings ratio of -77.12 and a beta of 0.90. The company has a 50 day simple moving average of $69.99 and a two-hundred day simple moving average of $72.31. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share 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 business had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. On average, analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on PCOR shares. Canaccord Genuity Group upped their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. UBS Group raised their price target on Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. DA Davidson dropped their price objective on Procore Technologies from $80.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Piper Sandler lifted their target price on shares of Procore Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Procore Technologies has an average rating of "Moderate Buy" and an average target price of $85.76.

Institutional Trading of Procore Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of PCOR. Chicago Partners Investment Group LLC increased its position in shares of Procore Technologies by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock worth $1,199,000 after purchasing an additional 129 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after buying an additional 147 shares in the last quarter. V Square Quantitative Management LLC raised its position in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock worth $44,000 after acquiring an additional 162 shares in the last quarter. Versant Capital Management Inc lifted its stake in Procore Technologies by 92.1% in 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 last quarter. Finally, Covestor Ltd grew its position in shares of Procore Technologies by 15.1% in the 4th quarter. Covestor Ltd now owns 1,571 shares of the company's stock valued at $118,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

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.