Procore Technologies (PCOR) Scheduled to Post Quarterly Earnings on Thursday

Procore Technologies (NYSE:PCORGet Free Report) is set to announce its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Procore Technologies Trading Down 1.8 %

NYSE:PCOR opened at $73.27 on Tuesday. Procore Technologies has a 1 year low of $48.11 and a 1 year high of $76.86. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of -44.68 and a beta of 0.67. The business has a fifty day moving average of $68.26 and a 200-day moving average of $64.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.50.

Insider Activity

In related news, Director Nanci Caldwell sold 9,270 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $75.00, for a total value of $695,250.00. Following the transaction, the director now owns 64,280 shares of the company’s stock, valued at $4,821,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Nanci Caldwell sold 9,270 shares of Procore Technologies stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $75.00, for a total transaction of $695,250.00. Following the completion of the transaction, the director now directly owns 64,280 shares in the company, valued at $4,821,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Benjamin C. Singer sold 5,638 shares of Procore Technologies stock in a transaction on Friday, December 8th. The shares were sold at an average price of $58.29, for a total transaction of $328,639.02. Following the transaction, the insider now owns 133,318 shares in the company, valued at approximately $7,771,106.22. The disclosure for this sale can be found here. Insiders sold a total of 333,048 shares of company stock valued at $20,947,275 over the last three months. Corporate insiders own 39.20% of the company’s stock.

Institutional Investors Weigh In On Procore Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in shares of Procore Technologies by 6,823.1% during the fourth quarter. International Assets Investment Management LLC now owns 900 shares of the company’s stock worth $62,000 after purchasing an additional 887 shares in the last quarter. Citigroup Inc. increased its position in shares of Procore Technologies by 148.1% in the 3rd quarter. Citigroup Inc. now owns 20,134 shares of the company’s stock valued at $1,315,000 after purchasing an additional 12,020 shares during the last quarter. American Century Companies Inc. increased its position in shares of Procore Technologies by 32.6% in the 3rd quarter. American Century Companies Inc. now owns 40,345 shares of the company’s stock valued at $2,635,000 after purchasing an additional 9,914 shares during the last quarter. Comerica Bank purchased a new stake in shares of Procore Technologies in the 3rd quarter valued at approximately $1,116,000. Finally, Diversified Trust Co increased its position in shares of Procore Technologies by 32.0% in the 3rd quarter. Diversified Trust Co now owns 4,744 shares of the company’s stock valued at $310,000 after purchasing an additional 1,149 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PCOR shares. KeyCorp raised their target price on Procore Technologies from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday. Barclays decreased their price target on Procore Technologies from $87.00 to $71.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Piper Sandler increased their price objective on Procore Technologies from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. The Goldman Sachs Group cut their price target on Procore Technologies from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Finally, Mizuho cut their price target on Procore Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $75.87.

Check Out Our Latest Stock Report on PCOR

Procore Technologies Company Profile

(Get Free Report)

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.

See Also

Earnings History for Procore Technologies (NYSE:PCOR)

Receive News & Ratings for Procore Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procore Technologies and related companies with MarketBeat.com's FREE daily email newsletter.