Kathryn Bueker Sells 6,500 Shares of Procore Technologies (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Kathryn Bueker sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $79.00, for a total transaction of $513,500.00. Following the completion of the transaction, the director owned 13,481 shares of the company’s stock, valued at $1,064,999. The trade was a 32.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Procore Technologies Stock Performance

NYSE PCOR opened at $75.32 on Friday. The firm’s 50 day simple moving average is $72.94 and its 200 day simple moving average is $69.84. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of -89.66 and a beta of 0.90. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02. Procore Technologies, Inc. has a 1 year low of $53.71 and a 1 year high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. The firm had revenue of $172.21 million for the quarter. As a group, research analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PCOR shares. Robert W. Baird upped their price objective on Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. DA Davidson raised Procore Technologies to a “hold” rating in a research note on Friday, November 7th. BMO Capital Markets increased their target price on shares of Procore Technologies from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a report on Wednesday, October 8th. Finally, Mizuho upped their price objective on shares of Procore Technologies from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Fifteen 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. Based on data from MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and an average target price of $84.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC boosted its position in Procore Technologies by 465.2% during the 3rd quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after buying an additional 321 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Procore Technologies during the third quarter valued at $34,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Procore Technologies by 277.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock worth $35,000 after purchasing an additional 385 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Procore Technologies by 70.8% in the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after purchasing an additional 199 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in Procore Technologies in the first quarter valued at $49,000. Institutional investors and hedge funds 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.