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Friday, September 29, 2023

Procore Technologies Inc. (NYSE: PCOR) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Procore Technologies Inc. (PCOR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.18, or -0.26%, to $67.84. The Procore Technologies Inc. has recorded 15,130 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Procore Announces Second Quarter 2023 Financial Results.

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Stocks Info

The company is listed on the NYSE and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $68.02 and fluctuated between $68.85 as its day high and $67.55 as its day low. The current market capitalization of Procore Technologies Inc. is $9.62B. A total of 0.5 million shares were traded on the day, compared to an average of 958.61K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PCOR has seen 7 BUY and 34 SELL insider trades, representing the acquisition of 23,444 and the disposition of 10,624,380 shares. Over the last 12 months, there were 16 BUYs and 107 SELLs from insiders. Insiders purchased 533,741 shares during that period but sold 18,022,176.

In the most recent transaction, Fleming William Fred Jr sold 3,000 shares of PCOR for 66.33 per share on Aug 29. After the transaction, the SVP, Corporate Controller now owns 80,973 company shares. In a previous transaction on Aug 24, Singer Benjamin C sold 8,000 shares at 63.13 per share. PCOR shares that Chief Legal Officer; Secretary owns now total 144,568.

Among the insiders who sold shares, O CONNOR KEVIN J disposed of 5,128 shares on Aug 24 at a per-share price of $63.51. This resulted in the Director holding 1,625,085 shares of PCOR after the transaction. In another insider transaction, Durling Joy Driscoll sold 5,057 shares at $63.67 per share on Aug 24. Company shares held by the Chief Data Officer now total 118,228.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PCOR in the last 3 months, the mean price target is $83.69 with high estimates of $90.00 and low estimates of $75.00. In terms of 52-week highs and lows, PCOR has a high of $76.86 and a low of $41.80.

As of this writing, PCOR has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.1. The company reported an EPS of $0.01 in the last quarter, which was 108.30% higher than expectations of -$0.12.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PCOR’s latest balance sheet shows that the firm has $586.11M in Cash & Short Term Investments as of fiscal 2021. There were $88.92M in debt and $403.70M in liabilities at the time. Its Book Value Per Share was $7.90, while its Total Shareholder’s Equity was $1.19B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PCOR is Buy with a score of 4.88.

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