Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 6,410 Shares of Stock

Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O sold 6,410 shares of Procore Technologies stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $76.77, for a total value of $492,095.70. Following the completion of the transaction, the director now owns 1,231,368 shares in the company, valued at approximately $94,532,121.36. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Procore Technologies Trading Down 1.1 %

PCOR opened at $75.42 on Friday. The stock has a market cap of $11.21 billion, a PE ratio of -150.84 and a beta of 0.84. The business has a 50 day moving average of $78.21 and a 200-day moving average of $68.33. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $86.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PCOR shares. Scotiabank raised their price target on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 22nd. DA Davidson raised their target price on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Robert W. Baird upped their price target on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Barclays upped their price objective on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Hedge Funds Weigh In On Procore Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co increased its stake in shares of Procore Technologies by 157.1% in the 4th quarter. Diversified Trust Co now owns 50,649 shares of the company’s stock worth $3,795,000 after acquiring an additional 30,948 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Procore Technologies by 39.2% in the third quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock worth $59,635,000 after purchasing an additional 272,030 shares during the period. Barclays PLC increased its stake in shares of Procore Technologies by 49.1% during the third quarter. Barclays PLC now owns 69,012 shares of the company’s stock valued at $4,259,000 after purchasing an additional 22,734 shares in the last quarter. Advantage Alpha Capital Partners LP lifted its holdings in shares of Procore Technologies by 30.2% during the third quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock valued at $7,825,000 after purchasing an additional 29,431 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Procore Technologies by 99.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company’s stock worth $214,377,000 after purchasing an additional 1,425,967 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

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.