Procore Technologies (NYSE:PCOR) Director Connor Kevin O Sells 9,615 Shares

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin O sold 9,615 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $76.37, for a total transaction of $734,297.55. Following the completion of the transaction, the director owned 1,062,134 shares of the company’s stock, valued at approximately $81,115,173.58. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Procore Technologies Trading Up 0.2%

NYSE PCOR traded up $0.13 on Friday, hitting $75.49. 1,631,233 shares of the stock were exchanged, compared to its average volume of 1,433,925. The company’s 50-day moving average price is $73.05 and its two-hundred day moving average price is $69.92. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of -89.87 and a beta of 0.90. Procore Technologies, Inc. has a 52-week low of $53.71 and a 52-week high of $88.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.29.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. Procore Technologies had a negative return on equity of 6.18% and a negative net margin of 9.84%.The business had revenue of $172.21 million during the quarter. Research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Institutional Investors Weigh In On Procore Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Procore Technologies by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 12,353,586 shares of the company’s stock valued at $900,823,000 after purchasing an additional 718,663 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Procore Technologies by 58.4% during the 2nd quarter. Wasatch Advisors LP now owns 4,656,421 shares of the company’s stock worth $318,592,000 after purchasing an additional 1,717,492 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Procore Technologies by 76.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,037,974 shares of the company’s stock worth $294,449,000 after purchasing an additional 1,750,998 shares during the period. Wellington Management Group LLP raised its position in shares of Procore Technologies by 77.6% during the third quarter. Wellington Management Group LLP now owns 3,401,891 shares of the company’s stock valued at $248,066,000 after buying an additional 1,486,153 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Procore Technologies by 12.2% in the third quarter. Principal Financial Group Inc. now owns 3,301,569 shares of the company’s stock valued at $240,753,000 after buying an additional 360,207 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on PCOR shares. KeyCorp boosted their target price on Procore Technologies from $81.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. BMO Capital Markets increased their price objective on Procore Technologies from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Wall Street Zen upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Berenberg Bank began coverage on shares of Procore Technologies in a research report on Friday, October 3rd. They issued a “buy” rating and a $84.00 target price for the company. Finally, Canaccord Genuity Group increased their price target on shares of Procore Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Fifteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.26.

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.