Howard Fu Sells 796 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CFO Howard Fu sold 796 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $66.88, for a total value of $53,236.48. Following the completion of the sale, the chief financial officer now directly owns 198,271 shares of the company's stock, valued at $13,260,364.48. This represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, May 21st, Howard Fu sold 797 shares of Procore Technologies stock. The stock was sold at an average price of $68.99, for a total transaction of $54,985.03.
• On Wednesday, April 23rd, Howard Fu sold 1,480 shares of Procore Technologies stock. The shares were sold at an average price of $60.02, for a total transaction of $88,829.60.
• On Monday, April 14th, Howard Fu sold 1,216 shares of Procore Technologies stock. The stock was sold at an average price of $61.34, for a total value of $74,589.44.

Procore Technologies Stock Up 0.0%

Shares of NYSE:PCOR traded up $0.02 during trading on Friday, reaching $67.91. 790,144 shares of the company traded hands, compared to its average volume of 1,327,625. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a market cap of $10.13 billion, a P/E ratio of -78.82 and a beta of 0.90. The firm has a fifty day simple moving average of $66.18 and a 200 day simple moving average of $71.12.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. Procore Technologies had a negative return on equity of 6.54% and a negative net margin of 10.73%. The firm had revenue of $310.63 million for the quarter, compared to the consensus estimate of $302.66 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business's quarterly revenue was up 15.3% compared to the same quarter last year. Analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on PCOR. KeyCorp cut their price objective on Procore Technologies from $96.00 to $77.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Macquarie dropped their target price on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Barclays increased their price target on shares of Procore Technologies from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. BMO Capital Markets reduced their price objective on Procore Technologies from $95.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Mizuho decreased their price target on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Procore Technologies has a consensus rating of "Moderate Buy" and an average price target of $80.83.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PCOR. Voya Investment Management LLC boosted its holdings in Procore Technologies by 3.0% in the first quarter. Voya Investment Management LLC now owns 451,441 shares of the company's stock worth $29,804,000 after purchasing an additional 12,963 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Procore Technologies by 9.6% in the first quarter. Rhumbline Advisers now owns 154,541 shares of the company's stock worth $10,203,000 after buying an additional 13,534 shares during the last quarter. Ellsworth Advisors LLC lifted its position in shares of Procore Technologies by 6.5% in the first quarter. Ellsworth Advisors LLC now owns 8,900 shares of the company's stock worth $588,000 after buying an additional 545 shares during the last quarter. Advisors Capital Management LLC boosted its stake in shares of Procore Technologies by 8.1% during the 1st quarter. Advisors Capital Management LLC now owns 155,369 shares of the company's stock worth $10,257,000 after acquiring an additional 11,590 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Procore Technologies by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 350,746 shares of the company's stock valued at $23,156,000 after acquiring an additional 52,507 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

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.