William Fred Fleming, Jr. Sells 3,188 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) SVP William Fred Fleming, Jr. sold 3,188 shares of Procore Technologies stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $70.17, for a total transaction of $223,701.96. Following the sale, the senior vice president now directly owns 87,248 shares in the company, valued at approximately $6,122,192.16. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Procore Technologies Trading Up 0.8 %

NYSE:PCOR traded up $0.56 on Friday, reaching $68.73. The company's stock had a trading volume of 773,781 shares, compared to its average volume of 1,258,902. Procore Technologies, Inc. has a 1-year low of $48.11 and a 1-year high of $83.35. The business's 50-day moving average price is $73.70 and its two-hundred day moving average price is $69.66. The firm has a market cap of $10.06 billion, a PE ratio of -71.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.60 and a current ratio of 1.61.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PCOR shares. JPMorgan Chase & Co. increased their price target on shares of Procore Technologies from $83.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. Canaccord Genuity Group dropped their price target 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 reduced their price target on shares of Procore Technologies from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, May 2nd. KeyCorp increased their target price on Procore Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Finally, Stifel Nicolaus lifted their target price on shares of Procore Technologies from $64.00 to $90.00 and gave the company a "buy" rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.79.

Hedge Funds Weigh In On Procore Technologies

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC raised its position in Procore Technologies by 6,823.1% in the fourth quarter. International Assets Investment Management LLC now owns 900 shares of the company's stock worth $62,000 after acquiring an additional 887 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Procore Technologies during the 4th quarter valued at approximately $62,000. Advisors Asset Management Inc. increased its holdings in Procore Technologies by 26.2% in the 1st quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company's stock worth $103,000 after acquiring an additional 260 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in 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 worth $104,000 after acquiring an additional 297 shares during the period. Finally, Covestor Ltd raised its stake in Procore Technologies by 29.3% during the 1st quarter. Covestor Ltd now owns 1,324 shares of the company's stock worth $109,000 after acquiring an additional 300 shares during the period. 81.10% of the stock is currently owned by institutional investors.

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.

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