Howard Fu Sells 814 Shares of Procore Technologies (NYSE:PCOR) Stock

Key Points

• Howard Fu, CFO of Procore Technologies, sold 814 shares at an average price of $72.34, totaling approximately $58,884, reducing his stake by 0.43% to 187,847 shares.
• Procore Technologies' stock increased by 1.3% to $73.56, with recent trading showing a volume of 700,664 shares compared to its average of 1,113,453.
• The company reported a loss of ($0.19) earnings per share for the latest quarter, and analysts expect a similar loss of -0.15 EPS for the current year.

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 814 shares of Procore Technologies stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $72.34, for a total value of $58,884.76. Following the sale, the chief financial officer directly owned 187,847 shares in the company, valued at $13,588,851.98. The trade was a 0.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 22nd, Howard Fu sold 796 shares of Procore Technologies stock. The stock was sold at an average price of $71.02, for a total value of $56,531.92.
• On Thursday, August 21st, Howard Fu sold 797 shares of Procore Technologies stock. The shares were sold at an average price of $63.85, for a total value of $50,888.45.

Procore Technologies Stock Up 1.3%

PCOR stock traded up $0.98 during trading hours on Thursday, hitting $73.56. The company's stock had a trading volume of 700,664 shares, compared to its average volume of 1,113,453. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.02. Procore Technologies, Inc. has a 12 month low of $53.71 and a 12 month high of $88.92. The stock has a 50 day moving average price of $70.55 and a two-hundred day moving average price of $68.19. The company has a market capitalization of $11.05 billion, a PE ratio of -76.62 and a beta of 0.90.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Wednesday, September 20th. The company reported ($0.19) earnings per share for the quarter. The business had revenue of $172.21 million during the quarter. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. On average, equities research analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas increased its holdings in Procore Technologies by 89.5% during the 1st quarter. Teacher Retirement System of Texas now owns 19,957 shares of the company's stock worth $1,318,000 after purchasing an additional 9,428 shares during the period. US Bancorp DE boosted its stake in shares of Procore Technologies by 5.5% during the second quarter. US Bancorp DE now owns 21,638 shares of the company's stock valued at $1,480,000 after purchasing an additional 1,131 shares in the last quarter. GAMMA Investing LLC increased its holdings in Procore Technologies by 66.6% during the first quarter. GAMMA Investing LLC now owns 1,243 shares of the company's stock valued at $82,000 after buying an additional 497 shares during the period. Brown Advisory Inc. lifted its holdings in Procore Technologies by 87.4% during the first quarter. Brown Advisory Inc. now owns 12,943 shares of the company's stock worth $854,000 after buying an additional 6,038 shares during the period. Finally, Amalgamated Bank boosted its position in Procore Technologies by 4.2% during the 1st quarter. Amalgamated Bank now owns 7,374 shares of the company's stock valued at $487,000 after acquiring an additional 295 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. DA Davidson initiated coverage on shares of Procore Technologies in a research note on Monday, August 4th. They set a "neutral" rating and a $70.00 price target for the company. Mizuho upped their target price on Procore Technologies from $65.00 to $70.00 and gave the company a "neutral" rating in a report on Friday, August 1st. JMP Securities restated a "market perform" rating and issued a $95.00 price objective on shares of Procore Technologies in a research note on Friday, August 1st. Piper Sandler restated an "overweight" rating and issued a $82.00 price objective on shares of Procore Technologies in a research report on Tuesday, October 14th. Finally, Robert W. Baird raised their price target on shares of Procore Technologies from $83.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Fifteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.11.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.