Procore Technologies, Inc. CEO Craig F. Jr. Courtemanche recently sold 29,575 shares of the company's stock, valued at $1,862,337.75. Following the sale, Courtemanche now owns 843,007 shares of the company's stock, valued at approximately $53,084,150.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission.
Procore Technologies stock traded at $63.94 on Friday, with 475,561 shares exchanged. The company has a 50-day moving average of $67.18 and a 200-day moving average of $62.19. Procore Technologies has a market capitalization of $9.11 billion and a price-to-earnings ratio of -34.16.
In its most recent quarterly earnings report, Procore Technologies reported earnings per share of ($0.28), beating analysts' estimates of ($0.41). The company had revenue of $228.54 million for the quarter. Analysts expect Procore Technologies to post -1.37 EPS for the current fiscal year.
Several brokerages have given Procore Technologies a positive rating, with price targets ranging from $81.00 to $87.00. Institutional investors and hedge funds have also shown interest in the company, with recent purchases and sales of its stock.
Procore Technologies provides a cloud-based construction management platform and related software products. Its platform enables collaboration between stakeholders in construction projects, offering features such as preconstruction planning and project management.