On Monday, March 13th, director Connor Kevin J. O sold 5,128 shares of Procore Technologies, INC (NYSE: PCOR) during the trading session.
A total of $291,731.92 was made from the stock sale at an average price of $56.89 per share, resulting in revenue of that amount.
The director is now the direct owner of 1,560,794 shares of the company’s stock, which together have an approximate value of $88,793,570.66 due to the successful transaction completion.
The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC.
On Thursday, the opening price of a share of stock on the NYSE PCOR was $58.59 per unit.
The debt-to-equity ratio comes in at 0.04, the quick ratio comes in at 1.50, the current ratio comes in at 1.50, and the quick ratio comes in at 1.50.
The enterprise has a price-to-earnings ratio of -27.90, a beta value of 0.62, and a value of $8.22 billion in market capitalization.
Procore Technologies, INC reached its all-time high of $68.56 in the past year, while the company hit its all-time low of $40 in that same period. Over the past 50 days, the stock price has reached a moving average of $58.50; over the past 200 days, it has reached $53.99.
Several brokerage firms have, of late, made PCOR reports available to their customers.
Barclays announced that they had increased their price objective on Procore Technologies from $61.00 to $72.00 in a study that was made public on Friday, February 17th.
Piper Sandler increased its price target for Procore Technologies in a report released on Friday, February 17th.
Piper Sandler’s report can be found here.
The new price target for the company’s stock has been set at $82.00, and the investment firm has given it an “overweight” rating. JMP Securities has increased its price target on Procore Technologies, moving it from $70.00 to $75.00, as stated in a research report published on Friday, February 17th.
In a report dated December 22nd, Loop Capital officially initiated coverage of the shares of Procore Technologies for the first time.
They recommended purchasing the stock with a “buy” rating and setting a price objective for the shares of $70.00 each.
Mizuho upgraded Procore Technologies to a “buy” rating and increased their price objective for the stock from $74.00 to $80.00 in a research report published on Friday, February 17th.
These alterations were carried out concurrently with disseminating the study’s findings. Only three market observers believe the stock should be held steady as an investment, whereas eleven industry observers advise buying the stock.
According to Bloomberg, the company is currently rated as having a consensus “Moderate Buy” recommendation, with an accompanying consensus price objective of $72.67 associated with this recommendation.
During the past few months, several hedge funds have actively bought and sold PCOR shares.
PNC Financial Services Group INC increased its stake in Procore Technologies by purchasing an additional 31 thousand shares during the first three months of 2018.
A fresh investment in Procore Technologies was made by Delta Asset Management LLC (TN) over the final three months of 2018.
Approximately $27,000 was spent on this transaction.
During the first three months of this year, Advisors Asset Management INC completed a transaction that increased the company’s ownership of Procore Technologies.
The value of the transaction as a whole was approximately $42,000.
A staggering 330.3 percent of US Bancorp DE’s ownership of Procore Technologies was acquired during the company’s third-quarter expansion. US Bancorp DE now has 753 shares of the company’s stock, currently valued at $37,000, after purchasing an additional 578 shares during the most recent period.
This brings the total number of shares owned by US Bancorp DE to 753.
During the second quarter, Captrust Financial Advisors increased the percentage of Procore Technologies in which it was interested by 55.8%.
This was the company’s final point of business.
The most recent quarter saw Captrust Financial Advisors acquire an additional 328 shares of the company’s stock, bringing their total number of shares owned to 916, valued at $42,000.
This brought the total number of shares owned in the company to 916.
Institutional investors and hedge funds collectively hold 82.50% of the total number of shares outstanding in the company, making up their ownership of its stock.
Procore Technologies, INC provides its customers with a cloud-based construction management platform and other software products related to the construction industry.
These services are offered both domestically and internationally.
The company offers a platform that enables owners, general and specialty contractors, architects, and engineers to work together on construction projects.
This makes it possible for owners to save time and money.
It offers preconstruction, which enables teams to collaborate in real-time, store information, design, discovers BIM model conflicts, and comply with rules.
Additionally, it stores information.
This feature can be accessed at the construction site and in the back office.
In addition, it provides project management, making it possible for teams to collaborate in real-time, store information, design, determine whether or not one BIM model conflicts with another, and comply with regulations.
This functionality is offered to teams both on the job site and in the back office where they are based.