William Fred Fleming, Jr. Sells 15,000 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock

Procore Technologies, Inc. (NYSE:PCORGet Free Report) SVP William Fred Fleming, Jr. sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.75, for a total value of $1,061,250.00. Following the completion of the transaction, the senior vice president now directly owns 75,120 shares in the company, valued at $5,314,740. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Procore Technologies Trading Down 1.0 %

Shares of NYSE:PCOR opened at $70.46 on Friday. The company’s 50-day moving average price is $61.04 and its two-hundred day moving average price is $63.77. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $83.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $10.47 billion, a PE ratio of -140.92 and a beta of 0.71.

Procore Technologies (NYSE:PCORGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate 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 return on equity of 2.51% and a negative net margin of 6.59%. On average, equities analysts forecast that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on PCOR. Scotiabank reduced their price objective on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of Procore Technologies from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. JMP Securities decreased their price target on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus dropped their price objective on Procore Technologies from $85.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, TD Cowen boosted their target price on Procore Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.94.

View Our Latest Report on Procore Technologies

Hedge Funds Weigh In On Procore Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Procore Technologies by 30.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock valued at $104,000 after acquiring an additional 297 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Procore Technologies by 39.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,865 shares of the company’s stock worth $400,000 after buying an additional 1,372 shares during the last quarter. SG Americas Securities LLC raised its stake in Procore Technologies by 34.0% in the first quarter. SG Americas Securities LLC now owns 8,012 shares of the company’s stock valued at $658,000 after buying an additional 2,033 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Procore Technologies by 8.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,298 shares of the company’s stock valued at $2,490,000 after buying an additional 2,462 shares during the last quarter. Finally, Highland Capital Management LLC bought a new position in shares of Procore Technologies during the 1st quarter worth approximately $1,354,000. 81.10% of the stock is owned by institutional investors.

Procore Technologies Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Procore Technologies (NYSE:PCOR)

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