Procore Technologies, Inc. (NYSE:PCOR – Get Rating) Director Connor Kevin J. O sold 5,128 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $56.89, for a total transaction of $291,731.92. Following the sale, the director now directly owns 1,560,794 shares of the company’s stock, valued at approximately $88,793,570.66. The sale was disclosed in a filing with the SEC, which is available on the SEC website.
Procore Technologies Stock Down 1.9 %
NYSE PCOR opened at $58.59 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market capitalization of $8.22 billion, a P/E ratio of -27.90 and a beta of 0.62. Procore Technologies, Inc. has a year low of $40.00 and a year high of $68.56. The stock has a 50-day moving average price of $58.50 and a 200-day moving average price of $53.99.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PCOR. Barclays lifted their price objective on shares of Procore Technologies from $61.00 to $72.00 in a report on Friday, February 17th. Piper Sandler lifted their price objective on shares of Procore Technologies from $60.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 17th. JMP Securities raised their price target on Procore Technologies from $70.00 to $75.00 in a research report on Friday, February 17th. Loop Capital assumed coverage on shares of Procore Technologies in a report on Thursday, December 22nd. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Mizuho raised their target price on shares of Procore Technologies from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.
Institutional Investors Weigh In On Procore Technologies
A number of hedge funds have recently bought and sold shares of PCOR. PNC Financial Services Group Inc. bought a new stake in shares of Procore Technologies in the 1st quarter worth about $31,000. Delta Asset Management LLC TN purchased a new position in Procore Technologies in the fourth quarter worth about $27,000. Advisors Asset Management Inc. bought a new stake in Procore Technologies during the first quarter worth approximately $42,000. US Bancorp DE raised its position in Procore Technologies by 330.3% during the third quarter. US Bancorp DE now owns 753 shares of the company’s stock valued at $37,000 after purchasing an additional 578 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of Procore Technologies by 55.8% in the 2nd quarter. Captrust Financial Advisors now owns 916 shares of the company’s stock valued at $42,000 after purchasing an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.
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 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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