Procore Technologies (PCOR) Set to Announce Earnings on Wednesday

Procore Technologies (NYSE:PCOR) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping 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 net margin of 19.97% and a negative return on equity of 12.26%. On average, analysts expect Procore Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $71.74 on Wednesday. The stock’s 50-day moving average price is $77.07 and its 200 day moving average price is $68.86. 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 capitalization of $10.40 billion, a PE ratio of -53.94 and a beta of 0.71. Procore Technologies has a 52-week low of $48.11 and a 52-week high of $83.35.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PCOR shares. The Goldman Sachs Group boosted their target price on Procore Technologies from $74.00 to $85.00 and gave the company a “buy” rating in a report on Friday, February 16th. Piper Sandler upped their price objective on shares of Procore Technologies from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Stifel Nicolaus raised their target price on shares of Procore Technologies from $64.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. BMO Capital Markets boosted their price target on shares of Procore Technologies from $76.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.86.

Insider Transactions at Procore Technologies

In other news, Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $79.20, for a total value of $507,672.00. Following the completion of the sale, the director now owns 1,494,311 shares of the company’s stock, valued at $118,349,431.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Benjamin C. Singer sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $75.00, for a total transaction of $600,000.00. Following the transaction, the insider now directly owns 116,318 shares of the company’s stock, valued at approximately $8,723,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $79.20, for a total transaction of $507,672.00. Following the completion of the sale, the director now directly owns 1,494,311 shares of the company’s stock, valued at approximately $118,349,431.20. The disclosure for this sale can be found here. Insiders sold 466,231 shares of company stock valued at $36,510,114 in the last 90 days. 39.20% of the stock is currently owned by insiders.

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.