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 stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $69.43, for a total value of $356,037.04. Following the completion of the sale, the director now directly owns 1,478,927 shares of the company's stock, valued at $102,681,901.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Procore Technologies Price Performance

NYSE PCOR traded down $1.37 during trading hours on Thursday, hitting $68.20. The company had a trading volume of 1,526,202 shares, compared to its average volume of 1,263,757. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $83.35. The firm has a 50 day simple moving average of $73.70 and a 200 day simple moving average of $69.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.60 and a current ratio of 1.61. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of -71.04 and a beta of 0.78.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.15. Procore Technologies had a negative return on equity of 8.25% and a negative net margin of 13.64%. The business had revenue of $269.43 million during the quarter, compared to the consensus estimate of $263.13 million. Equities research analysts expect that Procore Technologies, Inc. will post -0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho decreased their target price on Procore Technologies from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. Canaccord Genuity Group decreased their target price on Procore Technologies from $95.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, May 2nd. BMO Capital Markets decreased their target price on Procore Technologies from $90.00 to $85.00 and set an "outperform" rating for the company in a research report on Thursday, May 2nd. KeyCorp raised their target price on Procore Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Finally, DA Davidson reaffirmed a "buy" rating and set a $95.00 target price on shares of Procore Technologies in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Procore Technologies presently has an average rating of "Moderate Buy" and an average price target of $81.79.

Institutional Trading of Procore Technologies

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC boosted its position in shares of Procore Technologies by 6,823.1% during the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company's stock valued at $62,000 after acquiring an additional 887 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Procore Technologies during the 4th quarter valued at about $62,000. Advisors Asset Management Inc. boosted its position in shares of Procore Technologies by 26.2% during the 1st quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company's stock valued at $103,000 after acquiring an additional 260 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Procore Technologies by 30.7% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company's stock valued at $104,000 after buying an additional 297 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Procore Technologies by 29.3% during the 1st quarter. Covestor Ltd now owns 1,324 shares of the company's stock valued at $109,000 after buying an additional 300 shares in the last quarter. Institutional investors 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.

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