Procore Technologies Inc (NYSE: PCOR) is 6.07% higher on its value in year-to-date trading and has touched a low of $49.46 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 $70.99 in the last trading session, with the day’s gains setting it 2.43%.
Currently trading at $73.42, the stock is 11.10% and 18.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.2 million and changing 3.42% at the moment leaves the stock 8.80% off its SMA200. PCOR registered 40.57% gain for a year compared to 6-month loss of 3.85%. The firm has a 50-day simple moving average (SMA 50) of $61.5542 and a 200-day simple moving average (SMA200) of $67.4797.
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The stock witnessed a 16.84% gain in the last 1 month and extending the period to 3 months gives it a 29.92%, and is 2.86% 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 2.52% over the week and 3.39% over the month.
Procore Technologies Inc (PCOR) has around 3694 employees, a market worth around $10.91B and $1.11B in sales. Fwd P/E is 61.56. Profit margin for the company is -6.59%. Distance from 52-week low is 48.44% and -11.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.38%).
The EPS is expected to grow by 246.11% this year
527.0 institutions hold shares in Procore Technologies Inc (PCOR), with institutional investors hold 92.94% of the company’s shares. The shares outstanding are 144.81M, and float is at 135.69M with Short Float at 7.15%. Institutions hold 85.84% 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 5,128 shares of the company’s common stock on Nov 13 ’24 at a price of $71.06 per share for a total of $0.36 million. Following the sale, the insider now owns 1.33 million shares.
Procore Technologies Inc disclosed in a document filed with the SEC on Nov 11 ’24 that O CONNOR KEVIN J (Director) sold a total of 5,128 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $70.50 per share for $0.36 million. Following the transaction, the insider now directly holds 1.34 million shares of the PCOR stock.
Still, SEC filings show that on Nov 12 ’24, O CONNOR KEVIN J (Director) disposed off 5,128 shares at an average price of $70.47 for $0.36 million. The insider now directly holds 1,335,208 shares of Procore Technologies Inc (PCOR).
