Procore Technologies Inc (NYSE: PCOR) is -16.21% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PCOR stock was last observed hovering at around $57.11 in the last trading session, with the day’s gains setting it 0.89%.
Currently trading at $58.00, the stock is 0.49% and -5.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 1.56% at the moment leaves the stock -14.93% off its SMA200. PCOR registered -8.07% loss for a year compared to 6-month loss of -26.52%.
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The stock witnessed a 4.07% gain in the last 1 month and extending the period to 3 months gives it a -12.95%, and is 6.95% 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 3.51% over the week and 3.20% over the month.
Procore Technologies Inc (PCOR) has around 3694 employees, a market worth around $8.57B and $1.06B in sales. Fwd P/E is 53.76. Profit margin for the company is -8.54%. Distance from 52-week low is 20.56% and -30.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.81%).
The EPS is expected to grow by 234.26% this year.
Procore Technologies Inc (PCOR) Top Institutional Holders
536.0 institutions hold shares in Procore Technologies Inc (PCOR), with institutional investors hold 95.34% of the company’s shares. The shares outstanding are 144.81M, and float is at 134.75M with Short Float at 8.07%. Institutions hold 88.01% of the Float.
The top institutional shareholder in the company is ICONIQ CAPITAL, LLC with over 27.99 million shares valued at $1.86 billion. The investor’s holdings represent 19.2427% of the PCOR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.19 million shares valued at $675.61 million to account for 7.0036 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 6.9 million shares representing 4.7432% and valued at over $457.55 million, while BLACKROCK INC. holds 3.5963 of the shares totaling 5.23 million with a market value of $346.91 million.
Procore Technologies Inc (PCOR) Insider Activity
The most recent transaction is an insider sale by Courtemanche Craig F. Jr., the company’s CEO & President. SEC filings show that Courtemanche Craig F. Jr. sold 22,993 shares of the company’s common stock on Aug 22 ’24 at a price of $59.14 per share for a total of $1.36 million. Following the sale, the insider now owns 0.79 million shares.
Procore Technologies Inc disclosed in a document filed with the SEC on Aug 22 ’24 that Durling Joy Driscoll (Chief Data Officer) sold a total of 6,076 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $59.14 per share for $0.36 million. Following the transaction, the insider now directly holds 0.1 million shares of the PCOR stock.
Still, SEC filings show that on Aug 22 ’24, Fleming William Fred Jr (SVP, Corporate Controller) disposed off 2,707 shares at an average price of $59.14 for $0.16 million. The insider now directly holds 79,156 shares of Procore Technologies Inc (PCOR).
