Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) Insider Sells 7,500 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR – Get Rating) insider Joy Driscoll Durling sold 7,500 shares of the business’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $59.69, for a total value of $447,675.00. Following the transaction, the insider now directly owns 114,874 shares of the company’s stock, valued at $6,856,829.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Procore Technologies Stock Performance

Shares of Procore Technologies stock opened at $58.59 on Thursday. The stock’s fifty day simple moving average is $58.50 and its 200 day simple moving average is $53.99. Procore Technologies, Inc. has a 12 month low of $40.00 and a 12 month high of $68.56. The company has a market capitalization of $8.22 billion, a PE ratio of -27.90 and a beta of 0.62. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PCOR. Piper Sandler upped their price objective on Procore Technologies from $60.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, February 17th. Oppenheimer raised their target price on Procore Technologies from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, February 17th. Loop Capital assumed coverage on Procore Technologies in a research note on Thursday, December 22nd. They set a “buy” rating and a $70.00 price objective for the company. KeyCorp lifted their target price on Procore Technologies from $71.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 17th. Finally, The Goldman Sachs Group cut their price target on Procore Technologies from $77.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, February 17th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.67.

Hedge Funds Weigh In On Procore Technologies

Several hedge funds have recently modified their holdings of PCOR. Oppenheimer Asset Management Inc. grew its holdings in Procore Technologies by 2.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,297 shares of the company’s stock worth $286,000 after purchasing an additional 175 shares during the period. Pathstone Family Office LLC raised its position in Procore Technologies by 4.5% during the fourth quarter. Pathstone Family Office LLC now owns 4,692 shares of the company’s stock valued at $228,000 after purchasing an additional 204 shares in the last quarter. Taylor Frigon Capital Management LLC raised its position in Procore Technologies by 0.4% during the third quarter. Taylor Frigon Capital Management LLC now owns 60,687 shares of the company’s stock valued at $3,003,000 after purchasing an additional 229 shares in the last quarter. Parallel Advisors LLC raised its position in Procore Technologies by 6.7% during the fourth quarter. Parallel Advisors LLC now owns 4,022 shares of the company’s stock valued at $190,000 after purchasing an additional 251 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Procore Technologies by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 35,054 shares of the company’s stock worth $1,734,000 after buying an additional 277 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.

Procore Technologies Company Profile

(Get Rating)

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.