Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) CEO Craig F. Jr. Courtemanche sold 68,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $59.40, for a total value of $4,039,200.00. Following the transaction, the chief executive officer now directly owns 541,149 shares in the company, valued at approximately $32,144,250.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Procore Technologies Stock Up 3.5 %
PCOR opened at $52.22 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $7.44 billion, a price-to-earnings ratio of -31.84 and a beta of 0.69. Procore Technologies, Inc. has a one year low of $41.80 and a one year high of $76.86. The business’s fifty day moving average is $64.66 and its two-hundred day moving average is $63.72.
Procore Technologies (NYSE:PCOR – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.13. Procore Technologies had a negative net margin of 25.94% and a negative return on equity of 15.92%. The firm had revenue of $228.54 million for the quarter, compared to analysts’ expectations of $217.69 million. Analysts anticipate that Procore Technologies, Inc. will post -1.37 EPS for the current fiscal year.
Institutional Trading of Procore Technologies
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on PCOR shares. Scotiabank raised Procore Technologies from a “sector perform” rating to a “sector outperform” rating and set a $81.00 target price on the stock in a report on Tuesday, July 11th. JMP Securities dropped their price objective on shares of Procore Technologies from $75.00 to $69.00 and set a “market outperform” rating on the stock in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of Procore Technologies from $85.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday. Mizuho dropped their price target on shares of Procore Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Canaccord Genuity Group raised their price objective on shares of Procore Technologies from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.27.
Procore Technologies Company Profile
Procore Technologies, Inc provides 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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.
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