Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) SVP Sells $190,388.48 in Stock

Procore Technologies, Inc. (NYSE:PCOR) SVP William Fred Fleming, Jr. sold 2,668 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $190,388.48. Following the sale, the senior vice president now owns 72,605 shares in the company, valued at approximately $5,181,092.80. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Procore Technologies Stock Up 1.9 %

Procore Technologies stock opened at $76.68 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The business has a 50-day moving average of $64.19 and a 200-day moving average of $63.92. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $83.35.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. As a group, sell-side analysts expect that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on PCOR. Barclays boosted their price objective on Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday. Stifel Nicolaus increased their price objective on shares of Procore Technologies from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Procore Technologies from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday. JMP Securities decreased their price target on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Scotiabank boosted their price objective on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.25.

Institutional Trading of Procore Technologies

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Procore Technologies during the 3rd quarter valued at about $26,000. Signaturefd LLC grew its position in shares of Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the period. International Assets Investment Management LLC increased its stake in Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after purchasing an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Procore Technologies in the second quarter valued at approximately $51,000. Institutional investors 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.