Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) CFO Howard Fu sold 1,457 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $81.19, for a total transaction of $118,293.83. Following the completion of the sale, the chief financial officer now owns 137,237 shares in the company, valued at $11,142,272.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Howard Fu also recently made the following trade(s):
- 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.
- On Monday, January 22nd, Howard Fu sold 1,142 shares of Procore Technologies stock. The shares were sold at an average price of $69.67, for a total transaction of $79,563.14.
- On Monday, January 8th, Howard Fu sold 1,140 shares of Procore Technologies stock. The shares were sold at an average price of $65.90, for a total transaction of $75,126.00.
Procore Technologies Price Performance
Shares of NYSE PCOR opened at $81.63 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 quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $75.59 and a two-hundred day moving average of $67.37.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on PCOR shares. Piper Sandler lifted their target price on shares of Procore Technologies from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. BMO Capital Markets lifted their price target 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. Stifel Nicolaus lifted their price target on shares of Procore Technologies from $64.00 to $90.00 and gave the company a “buy” rating in a report on Friday, February 16th. JPMorgan Chase & Co. lifted their price target 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. Finally, DA Davidson reissued a “buy” rating and set a $95.00 price target on shares of Procore Technologies in a report on Thursday, March 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.
Check Out Our Latest Stock Report on PCOR
Institutional Investors Weigh In On Procore Technologies
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Procore Technologies by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,538,670 shares of the company’s stock worth $557,746,000 after buying an additional 995,757 shares during the period. California Public Employees Retirement System grew its position in shares of Procore Technologies by 31.8% during the 3rd quarter. California Public Employees Retirement System now owns 139,326 shares of the company’s stock worth $9,101,000 after buying an additional 33,590 shares during the period. Rhumbline Advisers grew its position in shares of Procore Technologies by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 111,137 shares of the company’s stock worth $7,259,000 after buying an additional 2,073 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of Procore Technologies during the 3rd quarter worth approximately $2,922,000. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in shares of Procore Technologies during the 3rd quarter worth approximately $7,328,000. Institutional investors and hedge funds 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.
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