Procore Technologies Inc. (NYSE: PCOR) is 22.21% 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 $58.50 in the last trading session, with the day’s loss setting it -0.84% off its average median price target of $75.00 for the next 12 months. It is also 34.48% off the consensus price target high of $88.00 offered by 17 analysts, but current levels are 13.94% higher than the price target low of $67.00 for the same period.
Currently trading at $57.66, the stock is 3.76% and 1.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -1.44% at the moment leaves the stock 4.56% off its SMA200. PCOR registered 32.52% gain for a year compared to 6-month gain of 14.61%. The firm has a 50-day simple moving average (SMA 50) of $9.62 and a 200-day simple moving average (SMA200) of -$35.15.
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The stock witnessed a 6.07% loss in the last 1 month and extending the period to 3 months gives it a -11.58%, and is 5.60% up 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 4.37% over the week and 4.13% over the month.
Procore Technologies Inc. (PCOR) has around 3568 employees, a market worth around $8.31B and $774.20M in sales. Profit margin for the company is -36.00%. Distance from 52-week low is 44.15% and -15.90% 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”. 17 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 1 think it is a “Overweight”. 14 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 08/03/2023.The EPS is expected to shrink by -6.20% this year.
Procore Technologies Inc. (PCOR) Top Institutional Holders
The shares outstanding are 139.65M, and float is at 121.44M with Short Float at 5.31%.
Procore Technologies Inc. (PCOR) Insider Activity
A total of 56 insider transactions have happened at Procore Technologies Inc. (PCOR) in the last six months, with sales accounting for 48 and purchases happening 8 times. The most recent transaction is an insider sale by Durling Joy Driscoll,the company’sChief Data Officer. SEC filings show that Durling Joy Driscoll sold 3,489 shares of the company’s common stock on May 18 at a price of $58.40 per share for a total of $0.2 million. Following the sale, the insider now owns 0.14 million shares.
Procore Technologies Inc. disclosed in a document filed with the SEC on May 17 that O CONNOR KEVIN J (Director) sold a total of 5,128 shares of the company’s common stock. The trade occurred on May 17 and was made at $54.60 per share for $0.28 million. Following the transaction, the insider now directly holds 1.52 million shares of the PCOR stock.
Still, SEC filings show that on May 16, O CONNOR KEVIN J (Director) disposed off 5,128 shares at an average price of $54.86 for $0.28 million. The insider now directly holds 1,524,898 shares of Procore Technologies Inc. (PCOR).