Procore Technologies Inc. (NYSE: PCOR) is 24.18% higher on its value in year-to-date trading and has touched a low of $40.00 and a high of $68.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PCOR stock was last observed hovering at around $59.71 in the last trading session, with the day’s loss setting it -1.12% off its average median price target of $79.50 for the next 12 months. It is also 31.87% off the consensus price target high of $86.00 offered by 16 analysts, but current levels are 7.0% higher than the price target low of $63.00 for the same period.
Currently trading at $58.59, the stock is -8.82% and 1.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -1.88% at the moment leaves the stock 10.31% off its SMA200. PCOR registered 17.65% gain for a year compared to 6-month gain of 2.54%.
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The stock witnessed a -1.51% loss in the last 1 month and extending the period to 3 months gives it a 11.96%, and is -9.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.19% over the week and 4.47% over the month.
Procore Technologies Inc. (PCOR) has around 3568 employees, a market worth around $8.74B and $720.20M in sales. Profit margin for the company is -39.80%. Distance from 52-week low is 46.48% and -14.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.00%).
Procore Technologies Inc. (PCOR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Procore Technologies Inc. (PCOR) is a “Buy”. 16 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Procore Technologies Inc. is expected to release its quarterly report on 05/03/2023.The EPS is expected to shrink by -6.20% this year
Procore Technologies Inc. (PCOR) Top Institutional Holders
The shares outstanding are 138.44M, and float is at 121.44M with Short Float at 5.65%.
Procore Technologies Inc. (PCOR) Insider Activity
A total of 22 insider transactions have happened at Procore Technologies Inc. (PCOR) in the last six months, with sales accounting for 22 and purchases happening 0 times. The most recent transaction is an insider sale by O CONNOR KEVIN J, the company’s Director. SEC filings show that O CONNOR KEVIN J sold 5,128 shares of the company’s common stock on Mar 15 at a price of $58.58 per share for a total of $0.3 million. Following the sale, the insider now owns 1.55 million shares.
Procore Technologies Inc. disclosed in a document filed with the SEC on Mar 14 that Durling Joy Driscoll (Chief Data Officer) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Mar 14 and was made at $59.69 per share for $0.45 million. Following the transaction, the insider now directly holds 0.11 million shares of the PCOR stock.
Still, SEC filings show that on Mar 14, O CONNOR KEVIN J (Director) disposed off 5,128 shares at an average price of $60.00 for $0.31 million. The insider now directly holds 1,555,666 shares of Procore Technologies Inc. (PCOR).