Howard Fu Sells 1,441 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 1,441 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $71.02, for a total transaction of $102,339.82. Following the completion of the transaction, the chief financial officer now owns 192,178 shares in the company, valued at $13,648,481.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, March 22nd, Howard Fu sold 1,457 shares of Procore Technologies stock. The stock was sold at an average price of $81.19, for a total value of $118,293.83.
• On Thursday, February 22nd, Howard Fu sold 4,458 shares of Procore Technologies stock. The stock was sold at an average price of $73.90, for a total value of $329,446.20.

Procore Technologies Stock Down 1.8 %

PCOR stock opened at $69.85 on Friday. Procore Technologies, Inc. has a twelve month low of $48.11 and a twelve month high of $83.35. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.12 billion, a P/E ratio of -52.52 and a beta of 0.71. The business’s 50-day moving average price is $76.93 and its 200-day moving average price is $68.89.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. The company had revenue of $260.04 million for the quarter, compared to the consensus estimate of $248.20 million. Procore Technologies had a negative return on equity of 12.26% and a negative net margin of 19.97%. On average, equities research analysts forecast that Procore Technologies, Inc. will post -0.64 EPS for the current year.

Institutional Trading of Procore Technologies

A number of large investors have recently added to or reduced their stakes in the company. Ellsworth Advisors LLC increased its stake in Procore Technologies by 3.0% in the 4th quarter. Ellsworth Advisors LLC now owns 5,901 shares of the company’s stock worth $408,000 after acquiring an additional 170 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Procore Technologies by 0.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock valued at $1,692,000 after purchasing an additional 200 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Procore Technologies by 7.5% during the 3rd quarter. Portside Wealth Group LLC now owns 3,311 shares of the company’s stock valued at $215,000 after purchasing an additional 231 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Procore Technologies by 3.8% during the 1st quarter. Fifth Third Bancorp now owns 7,163 shares of the company’s stock valued at $589,000 after acquiring an additional 263 shares during the period. Finally, Caprock Group LLC boosted its holdings in Procore Technologies by 4.4% during the 3rd quarter. Caprock Group LLC now owns 6,430 shares of the company’s stock valued at $420,000 after acquiring an additional 273 shares during the period. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PCOR. The Goldman Sachs Group upped their target price on Procore Technologies from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. BMO Capital Markets increased their price objective on Procore Technologies from $76.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. Stifel Nicolaus raised their price target on Procore Technologies from $64.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $95.00 price target on shares of Procore Technologies in a research note on Thursday, March 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.86.

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.