Procore Technologies, Inc. (NASDAQ:PCOR) Given Average Recommendation of "Moderate Buy" by Analysts – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Procore Technologies, Inc. (NASDAQ:PCOR – Get Rating) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $77.92.
A number of equities analysts have weighed in on the stock. JMP Securities assumed coverage on shares of Procore Technologies in a research report on Tuesday, September 6th. They set an “outperform” rating and a $70.00 target price for the company. Moffett Nathanson began coverage on shares of Procore Technologies in a report on Thursday, September 22nd. They issued a “buy” rating and a $73.00 price target on the stock. Barclays lowered their price target on shares of Procore Technologies from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Wolfe Research began coverage on shares of Procore Technologies in a report on Tuesday, August 16th. They issued a “peer perform” rating on the stock. Finally, Mizuho increased their price target on shares of Procore Technologies from $57.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 4th.
Insider Activity at Procore Technologies
In related news, SVP William Fred Fleming, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $63.96, for a total value of $255,840.00. Following the sale, the senior vice president now directly owns 64,096 shares of the company’s stock, valued at $4,099,580.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,486 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $56.04, for a total transaction of $139,315.44. Following the transaction, the senior vice president now directly owns 70,136 shares in the company, valued at $3,930,421.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William Fred Fleming, Jr. sold 4,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $63.96, for a total transaction of $255,840.00. Following the transaction, the senior vice president now owns 64,096 shares in the company, valued at $4,099,580.16. The disclosure for this sale can be found here. Insiders have sold 93,555 shares of company stock valued at $5,517,939 over the last three months. 40.00% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of PCOR. American Century Companies Inc. bought a new position in Procore Technologies during the first quarter valued at approximately $93,191,000. JPMorgan Chase & Co. grew its holdings in shares of Procore Technologies by 1,463.4% in the second quarter. JPMorgan Chase & Co. now owns 1,551,595 shares of the company’s stock worth $70,427,000 after purchasing an additional 1,452,353 shares during the last quarter. ICONIQ Capital LLC grew its holdings in shares of Procore Technologies by 2.7% in the first quarter. ICONIQ Capital LLC now owns 44,808,883 shares of the company’s stock worth $2,597,174,000 after purchasing an additional 1,186,014 shares during the last quarter. 12 West Capital Management LP grew its holdings in shares of Procore Technologies by 51.8% in the first quarter. 12 West Capital Management LP now owns 3,208,211 shares of the company’s stock worth $185,948,000 after purchasing an additional 1,095,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Procore Technologies by 17.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,871,821 shares of the company’s stock worth $266,522,000 after purchasing an additional 892,716 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.
Procore Technologies Price Performance
Shares of NASDAQ:PCOR opened at $49.48 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.71 billion, a PE ratio of -24.37 and a beta of 0.50. Procore Technologies has a twelve month low of $40.00 and a twelve month high of $105.29. The company has a 50-day moving average price of $55.62 and a two-hundred day moving average price of $52.13.
Procore Technologies Company Profile
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Procore Technologies (PCOR)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Let Paychex Stock Work Hard For You
- Declining Profits Challenge the CarMax Value Proposition
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Procore Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Procore Technologies wasn’t on the list.
While Procore Technologies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Axel Merk, President and CIO of Merk Investments has three very different stocks he frames within the current market and economic conditions.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.