Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) CEO Craig F. Jr. Courtemanche sold 68,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $68.97, for a total value of $4,689,960.00. Following the sale, the chief executive officer now owns 530,049 shares in the company, valued at $36,557,479.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Procore Technologies Trading Down 1.6 %
Shares of PCOR opened at $68.14 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $76.35 and its two-hundred day moving average is $68.92. Procore Technologies, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $83.35.
Procore Technologies (NYSE:PCOR – Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. The firm had revenue of $260.04 million for the quarter, compared to analysts’ expectations of $248.20 million. Procore Technologies had a negative return on equity of 8.37% and a negative net margin of 13.64%. Equities analysts predict that Procore Technologies, Inc. will post -0.64 EPS for the current fiscal year.
Institutional Trading of Procore Technologies
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on PCOR shares. The Goldman Sachs Group increased their price objective on shares of Procore Technologies from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Stifel Nicolaus increased their price target 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. Canaccord Genuity Group cut their price objective on Procore Technologies from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $95.00 target price on shares of Procore Technologies in a report on Thursday, March 14th. Finally, Piper Sandler cut their price target on Procore Technologies from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Procore Technologies currently has an average rating of “Moderate Buy” and an average price target of $81.79.
Check Out Our Latest Stock Analysis on PCOR
Procore Technologies Company Profile
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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