Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu Sells 1,441 Shares

Procore Technologies, Inc. (NYSE:PCOR) CFO Howard Fu sold 1,441 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $71.02, for a total value of $102,339.82. Following the completion of the sale, the chief financial officer now owns 192,178 shares in the company, valued at approximately $13,648,481.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Howard Fu also recently made the following trade(s):

• On Friday, March 22nd, Howard Fu sold 1,457 shares of Procore Technologies stock. The stock was sold at an average price of $81.19, for a total value of $118,293.83.
• On Thursday, February 22nd, Howard Fu sold 4,458 shares of Procore Technologies stock. The stock was sold at an average price of $73.90, for a total value of $329,446.20.

Procore Technologies Trading Down 1.8 %

NYSE PCOR opened at $69.85 on Friday. Procore Technologies, Inc. has a twelve month low of $48.11 and a twelve month high of $83.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of -52.52 and a beta of 0.71. The firm’s 50 day moving average price is $76.93 and its two-hundred day moving average price is $68.89.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.13. Procore Technologies had a negative net margin of 19.97% and a negative return on equity of 12.26%. The business had revenue of $260.04 million for the quarter, compared to analysts’ expectations of $248.20 million. Equities analysts anticipate that Procore Technologies, Inc. will post -0.64 EPS for the current year.

Analyst Upgrades and Downgrades

PCOR has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on Procore Technologies from $74.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. upped their price objective on Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. Stifel Nicolaus upped their price objective on Procore Technologies from $64.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Piper Sandler increased their target price on Procore Technologies from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, DA Davidson restated a “buy” rating and issued a $95.00 price target on shares of Procore Technologies in a report on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.86.

Hedge Funds Weigh In On Procore Technologies

Several institutional investors and hedge funds have recently modified their holdings of PCOR. IFP Advisors Inc boosted its holdings in Procore Technologies by 2,600.0% in the third quarter. IFP Advisors Inc now owns 378 shares of the company’s stock worth $25,000 after purchasing an additional 364 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Procore Technologies during the third quarter valued at about $2,651,000. Caprock Group LLC raised its position in shares of Procore Technologies by 4.4% during the third quarter. Caprock Group LLC now owns 6,430 shares of the company’s stock valued at $420,000 after buying an additional 273 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Procore Technologies by 0.8% during the third quarter. Handelsbanken Fonder AB now owns 25,900 shares of the company’s stock valued at $1,692,000 after buying an additional 200 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new position in shares of Procore Technologies during the third quarter valued at about $370,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Company Profile

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.