Howard Fu Sells 797 Shares of Procore Technologies (NYSE:PCOR) Stock

by · The Cerbat Gem

Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) CFO Howard Fu sold 797 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $69.35, for a total value of $55,271.95. Following the transaction, the chief financial officer directly owned 179,847 shares of the company’s stock, valued at $12,472,389.45. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Howard Fu also recently made the following trade(s):

  • On Tuesday, October 21st, Howard Fu sold 814 shares of Procore Technologies stock. The stock was sold at an average price of $72.34, for a total value of $58,884.76.
  • On Monday, September 22nd, Howard Fu sold 796 shares of Procore Technologies stock. The shares were sold at an average price of $71.02, for a total value of $56,531.92.

Procore Technologies Trading Up 2.3%

PCOR stock traded up $1.58 on Friday, reaching $71.07. The company’s stock had a trading volume of 1,831,651 shares, compared to its average volume of 1,557,038. The business has a fifty day simple moving average of $73.22 and a two-hundred day simple moving average of $70.18. Procore Technologies, Inc. has a 12-month low of $53.71 and a 12-month high of $88.92. The firm has a market cap of $11.05 billion, a PE ratio of -84.61 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33.

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

Analyst Upgrades and Downgrades

PCOR has been the topic of several research reports. Berenberg Bank started coverage on Procore Technologies in a research report on Friday, October 3rd. They set a “buy” rating and a $84.00 price objective on the stock. BMO Capital Markets raised their target price on Procore Technologies from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. William Blair restated an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. DA Davidson upgraded Procore Technologies to a “hold” rating in a report on Friday, November 7th. Finally, Wall Street Zen raised Procore Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Fifteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Procore Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $84.26.

Get Our Latest Report on Procore Technologies

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its stake in shares of Procore Technologies by 465.2% in the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after acquiring an additional 321 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Procore Technologies in the 3rd quarter worth about $34,000. Northwestern Mutual Wealth Management Co. grew its position in Procore Technologies by 277.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock valued at $35,000 after purchasing an additional 385 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Procore Technologies by 70.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after purchasing an additional 199 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in Procore Technologies during the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

About Procore Technologies

(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.

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