Procore Technologies Inc (NYSE: PCOR) is -14.33% 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 $59.07 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $59.30, the stock is 2.21% and -0.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 0.39% at the moment leaves the stock -13.04% off its SMA200. PCOR registered -11.15% loss for a year compared to 6-month loss of -24.02%. The firm has a 50-day simple moving average (SMA 50) of $59.225 and a 200-day simple moving average (SMA200) of $68.1591.
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The stock witnessed a 4.77% gain in the last 1 month and extending the period to 3 months gives it a -13.83%, and is -2.06% 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 2.84% over the week and 3.15% over the month.
Procore Technologies Inc (PCOR) has around 3694 employees, a market worth around $8.76B and $1.06B in sales. Fwd P/E is 54.68. Profit margin for the company is -8.54%. Distance from 52-week low is 23.26% and -28.85% 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 234.55% this year
535.0 institutions hold shares in Procore Technologies Inc (PCOR), with institutional investors hold 95.29% of the company’s shares. The shares outstanding are 144.81M, and float is at 134.77M with Short Float at 8.46%. Institutions hold 87.97% 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 O CONNOR KEVIN J, the company’s Director. SEC filings show that O CONNOR KEVIN J sold 8,974 shares of the company’s common stock on Sep 17 ’24 at a price of $58.06 per share for a total of $0.52 million. Following the sale, the insider now owns 1.37 million shares.
Procore Technologies Inc disclosed in a document filed with the SEC on Sep 19 ’24 that O CONNOR KEVIN J (Director) sold a total of 5,128 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $58.48 per share for $0.3 million. Following the transaction, the insider now directly holds 1.36 million shares of the PCOR stock.
Still, SEC filings show that on Sep 18 ’24, O CONNOR KEVIN J (Director) disposed off 5,128 shares at an average price of $56.94 for $0.29 million. The insider now directly holds 1,365,976 shares of Procore Technologies Inc (PCOR).
