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 company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $71.02, for a total transaction of $102,339.82. Following the transaction, the chief financial officer now owns 192,178 shares of the company’s stock, valued at $13,648,481.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction 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 transaction of $329,446.20.

Procore Technologies Trading Down 0.9 %

Shares of PCOR opened at $71.11 on Thursday. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $83.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49. The company’s 50-day simple moving average is $77.03 and its 200-day simple moving average is $68.88.

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

Wall Street Analyst Weigh In

PCOR has been the subject of a number of research reports. KeyCorp upped their target price on shares of Procore Technologies from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. BMO Capital Markets upped their price objective on shares of Procore Technologies from $76.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, February 16th. JPMorgan Chase & Co. upped their price objective on shares of Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, January 23rd. Stifel Nicolaus upped their target price on shares of Procore Technologies from $64.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $95.00 target price on shares of Procore Technologies in a research report on Thursday, March 14th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $81.86.

Institutional Trading of Procore Technologies

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Procore Technologies by 13.2% in the third quarter. Vanguard Group Inc. now owns 8,538,670 shares of the company’s stock valued at $557,746,000 after acquiring an additional 995,757 shares in the last quarter. California Public Employees Retirement System raised its holdings in Procore Technologies by 31.8% in the third quarter. California Public Employees Retirement System now owns 139,326 shares of the company’s stock valued at $9,101,000 after acquiring an additional 33,590 shares in the last quarter. Rhumbline Advisers raised its holdings in Procore Technologies by 1.9% in the third quarter. Rhumbline Advisers now owns 111,137 shares of the company’s stock valued at $7,259,000 after acquiring an additional 2,073 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in Procore Technologies in the third quarter valued at approximately $2,922,000. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in Procore Technologies in the third quarter valued at approximately $7,328,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

About Procore Technologies

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.