Procore Technologies Inc (NYSE: PCOR) is 6.18% higher on its value in year-to-date trading and has touched a low of $49.46 and a high of $86.67 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 $80.10 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $79.56, the stock is 2.42% and 1.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -0.67% at the moment leaves the stock 17.45% off its SMA200. PCOR registered 8.84% gain for a year compared to 6-month gain of 12.01%. The firm has a 50-day simple moving average (SMA 50) of $78.067 and a 200-day simple moving average (SMA200) of $67.7378.
The stock witnessed a 5.56% loss in the last 1 month and extending the period to 3 months gives it a 25.39%, and is 2.01% 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 4.39% over the week and 2.95% over the month.
Procore Technologies Inc (PCOR) has around 3694 employees, a market worth around $11.83B and $1.11B in sales. Fwd P/E is 66.04. Profit margin for the company is -6.59%. Distance from 52-week low is 60.86% and -8.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.38%).
with sales reaching $297.37M over the same period.The EPS is expected to grow by 246.58% this year, but quarterly earnings will post 20.70% year-over-year. Quarterly sales are estimated to grow 14.36% in year-over-year returns.
Procore Technologies Inc (PCOR) Top Institutional Holders
517.0 institutions hold shares in Procore Technologies Inc (PCOR), with institutional investors hold 101.16% of the company’s shares. The shares outstanding are 148.66M, and float is at 136.85M with Short Float at 6.50%. Institutions hold 92.66% 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 Singer Benjamin C, the company’s Chief Legal Officer; Secretary. SEC filings show that Singer Benjamin C sold 1,500 shares of the company’s common stock on Jan 21 ’25 at a price of $78.00 per share for a total of $0.12 million. Following the sale, the insider now owns 83039.0 shares.
Still, SEC filings show that on Jan 14 ’25, O CONNOR KEVIN J (Director) disposed off 7,692 shares at an average price of $75.39 for $0.58 million. The insider now directly holds 1,257,008 shares of Procore Technologies Inc (PCOR).
