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

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 814 shares of the business’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $72.34, for a total transaction of $58,884.76. Following the transaction, the chief financial officer directly owned 187,847 shares in the company, valued at approximately $13,588,851.98. The trade was a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, September 22nd, Howard Fu sold 796 shares of Procore Technologies stock. The shares were sold at an average price of $71.02, for a total transaction 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 transaction of $50,888.45.

Procore Technologies Trading Up 2.0%

Shares of PCOR stock opened at $74.94 on Friday. The company’s 50-day moving average price is $70.74 and its 200-day moving average price is $68.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of -78.06 and a beta of 0.90. Procore Technologies, Inc. has a twelve month low of $53.71 and a twelve month high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Wednesday, September 20th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $172.21 million for the quarter. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. As a group, equities analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

PCOR has been the topic of a number of recent analyst reports. Mizuho upped their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Stifel Nicolaus upped their target price on shares of Procore Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, August 1st. JMP Securities reaffirmed a “market perform” rating and issued a $95.00 target price on shares of Procore Technologies in a research report on Friday, August 1st. BMO Capital Markets upped their target price on shares of Procore Technologies from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. Fifteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $83.11.

Institutional Trading of Procore Technologies

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its position in shares of Procore Technologies by 465.2% during the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after purchasing an additional 321 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Procore Technologies by 277.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock valued at $35,000 after acquiring an additional 385 shares in the last quarter. SVB Wealth LLC acquired a new stake in Procore Technologies in the first quarter valued at approximately $49,000. Hilltop National Bank acquired a new stake in Procore Technologies in the second quarter valued at approximately $62,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Procore Technologies in the second quarter valued at approximately $68,000. 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.