Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) CRO Lawrence Joseph Stack sold 2,500 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $65.33, for a total value of $163,325.00. Following the completion of the sale, the executive now directly owns 208,288 shares in the company, valued at $13,607,455.04. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Lawrence Joseph Stack also recently made the following trade(s):
- On Friday, May 9th, Lawrence Joseph Stack sold 1,000 shares of Procore Technologies stock. The stock was sold at an average price of $65.60, for a total value of $65,600.00.
Procore Technologies Stock Performance
PCOR traded up $0.20 during midday trading on Friday, hitting $66.54. 1,660,230 shares of the company were exchanged, compared to its average volume of 1,688,077. The company's 50 day simple moving average is $65.45 and its 200 day simple moving average is $71.68. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of -77.37 and a beta of 0.90. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.
Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $310.63 million for the quarter, compared to the consensus estimate of $302.66 million. Procore Technologies had a negative net margin of 10.73% and a negative return on equity of 6.54%. The company's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. As a group, sell-side analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.
Analysts Set New Price Targets
PCOR has been the subject of several research reports. Stifel Nicolaus decreased their target price on Procore Technologies from $93.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. DA Davidson upgraded Procore Technologies to a "hold" rating in a report on Tuesday, May 13th. KeyCorp dropped their target price on shares of Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. UBS Group decreased their price target on shares of Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.83.
View Our Latest Research Report on Procore Technologies
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Procore Technologies by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 11,900,337 shares of the company's stock valued at $891,692,000 after buying an additional 838,925 shares during the period. JPMorgan Chase & Co. increased its holdings in Procore Technologies by 84.5% in the first quarter. JPMorgan Chase & Co. now owns 3,259,544 shares of the company's stock valued at $215,195,000 after buying an additional 1,492,869 shares during the last quarter. Capital World Investors raised its stake in Procore Technologies by 453.6% in the fourth quarter. Capital World Investors now owns 3,118,962 shares of the company's stock valued at $233,704,000 after buying an additional 2,555,612 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Procore Technologies by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 2,762,275 shares of the company's stock worth $182,365,000 after buying an additional 82,311 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Procore Technologies by 14.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,627,408 shares of the company's stock worth $196,873,000 after buying an additional 322,367 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.
About Procore Technologies
(
Get Free Report)
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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