Procore Technologies (NYSE:PCOR) CRO Lawrence Joseph Stack Sells 10,000 Shares

by · The Cerbat Gem

Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) CRO Lawrence Joseph Stack sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $75.30, for a total transaction of $753,000.00. Following the completion of the transaction, the executive owned 184,128 shares in the company, valued at approximately $13,864,838.40. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Procore Technologies Stock Performance

NYSE:PCOR opened at $76.69 on Friday. Procore Technologies, Inc. has a fifty-two week low of $53.71 and a fifty-two week high of $88.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50 day moving average price of $73.68 and a 200 day moving average price of $70.54. The stock has a market capitalization of $11.92 billion, a P/E ratio of -91.29 and a beta of 0.90.

Procore Technologies (NYSE:PCOR – Get Free Report) last released its quarterly earnings results on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. Procore Technologies had a negative return on equity of 6.18% and a negative net margin of 9.84%.The firm had revenue of $172.21 million for the quarter. Equities research analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PCOR. BMO Capital Markets boosted their price target on shares of Procore Technologies from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. KeyCorp lifted their price objective on shares of Procore Technologies from $81.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Berenberg Bank initiated coverage on shares of Procore Technologies in a report on Friday, October 3rd. They set a “buy” rating and a $84.00 target price on the stock. William Blair reissued an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Procore Technologies in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.47.

Get Our Latest Report on Procore Technologies

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd raised its holdings in shares of Procore Technologies by 70.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 5,006 shares of the company’s stock valued at $365,000 after purchasing an additional 2,073 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Procore Technologies in the third quarter valued at $18,962,000. Wilmington Savings Fund Society FSB acquired a new stake in Procore Technologies in the third quarter valued at $34,000. Coldstream Capital Management Inc. lifted its holdings in Procore Technologies by 42.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,937 shares of the company’s stock worth $433,000 after buying an additional 1,757 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of Procore Technologies during the 3rd quarter worth about $117,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

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.

Featured Stories