Procore Technologies Inc (NYSE: PCOR) is 10.73% higher on its value in year-to-date trading and has touched a low of $48.11 and a high of $83.35 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 $77.88 in the last trading session, with the day’s loss setting it -1.23%.
Currently trading at $76.65, the stock is -4.02% and 0.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing -1.58% at the moment leaves the stock 13.31% off its SMA200. PCOR registered 39.34% gain for a year compared to 6-month gain of 15.42%. The firm has a 50-day simple moving average (SMA 50) of $11.06 and a 200-day simple moving average (SMA200) of -$91.54.
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The stock witnessed a -2.79% loss in the last 1 month and extending the period to 3 months gives it a 17.13%, and is -4.57% 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 2.27% over the week and 2.21% over the month.
Procore Technologies Inc (PCOR) has around 3694 employees, a market worth around $11.11B and $950.01M in sales. Fwd P/E is 78.71. Profit margin for the company is -19.97%. Distance from 52-week low is 59.32% and -8.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.33%).
Procore Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $263.15M over the same period.The EPS is expected to grow by 128.10% this year, but quarterly earnings will post 20.00% year-over-year. Quarterly sales are estimated to grow 23.20% in year-over-year returns.
Procore Technologies Inc (PCOR) Top Institutional Holders
469 institutions hold shares in Procore Technologies Inc (PCOR), with institutional investors hold 91.47% of the company’s shares. The shares outstanding are 144.81M, and float is at 129.36M with Short Float at 3.67%. Institutions hold 83.79% of the Float.
The top institutional shareholder in the company is ICONIQ Capital, LLC with over 39.41 million shares valued at $2.56 billion. The investor’s holdings represent 27.68% of the PCOR Shares outstanding. As of Jun 29, 2023, the second largest holder is Price (T.Rowe) Associates Inc with 9.85 million shares valued at $641.08 million to account for 6.92% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 7.54 million shares representing 5.30% and valued at over $490.82 million, while Morgan Stanley holds 3.99% of the shares totaling 5.68 million with a market value of $369.75 million.
Procore Technologies Inc (PCOR) Insider Activity
The most recent transaction is an insider sale by O CONNOR KEVIN J,the company’sDirector. SEC filings show that O CONNOR KEVIN J sold 6,410 shares of the company’s common stock on Apr 04 ’24 at a price of $79.20 per share for a total of $0.51 million. Following the sale, the insider now owns 1.49 million shares.
Procore Technologies Inc disclosed in a document filed with the SEC on Apr 03 ’24 that O CONNOR KEVIN J (Director) sold a total of 6,410 shares of the company’s common stock. The trade occurred on Apr 03 ’24 and was made at $78.09 per share for $0.5 million. Following the transaction, the insider now directly holds 1.5 million shares of the PCOR stock.
Still, SEC filings show that on Apr 02 ’24, O CONNOR KEVIN J (Director) disposed off 6,410 shares at an average price of $77.13 for $0.49 million. The insider now directly holds 1,507,131 shares of Procore Technologies Inc (PCOR).
