Insider Selling: Procore Technologies, Inc. (NYSE:PCOR) Director Sells $695,250.00 in Stock

Procore Technologies, Inc. (NYSE:PCORGet Free Report) Director Nanci Caldwell sold 9,270 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $75.00, for a total value of $695,250.00. Following the completion of the sale, the director now directly owns 64,280 shares of the company’s stock, valued at approximately $4,821,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Nanci Caldwell also recently made the following trade(s):

  • On Tuesday, December 26th, Nanci Caldwell sold 9,270 shares of Procore Technologies stock. The stock was sold at an average price of $70.00, for a total transaction of $648,900.00.

Procore Technologies Stock Up 0.9 %

Shares of PCOR opened at $74.63 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50-day simple moving average of $68.03 and a 200-day simple moving average of $64.82. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $76.86. The firm has a market capitalization of $10.71 billion, a P/E ratio of -45.51 and a beta of 0.67.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PCOR shares. KeyCorp upped their price objective on shares of Procore Technologies from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday. Barclays lowered their price objective on Procore Technologies from $87.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. JMP Securities boosted their target price on Procore Technologies from $69.00 to $81.00 and gave the stock a “market outperform” rating in a report on Monday, February 5th. Jefferies Financial Group downgraded Procore Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $90.00 to $55.00 in a report on Thursday, November 2nd. Finally, Oppenheimer cut shares of Procore Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.87.

Get Our Latest Analysis on PCOR

Institutional Investors Weigh In On Procore Technologies

A number of institutional investors have recently bought and sold shares of PCOR. California Public Employees Retirement System increased its stake in Procore Technologies by 31.8% in the third quarter. California Public Employees Retirement System now owns 139,326 shares of the company’s stock valued at $9,101,000 after acquiring an additional 33,590 shares during the period. Lisanti Capital Growth LLC acquired a new position in shares of Procore Technologies in the 3rd quarter worth approximately $2,922,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Procore Technologies during the 3rd quarter worth approximately $7,328,000. Cadian Capital Management LP boosted its stake in Procore Technologies by 302.5% in the 2nd quarter. Cadian Capital Management LP now owns 2,773,123 shares of the company’s stock valued at $180,447,000 after buying an additional 2,084,166 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Procore Technologies by 3.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 454,477 shares of the company’s stock valued at $29,686,000 after purchasing an additional 17,111 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

About Procore Technologies

(Get Free Report)

Procore Technologies, Inc provides 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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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Insider Buying and Selling by Quarter for Procore Technologies (NYSE:PCOR)

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