New insider activity at Procore Technologies ( (PCOR) ) has taken place on February 22, 2025.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
In recent transactions, significant shareholder ICONIQ STRATEGIC PARTNERS II, L.P. and Director William J.G. Griffith each sold 1,274 shares of Procore Technologies stock. These sales were each valued at $110,453, highlighting a notable exchange involving key stakeholders of the company.
Recent Updates on PCOR stock
Procore Technologies has experienced significant positive developments, with its stock rising by 14.1% to $85.67 following a series of favorable analyst assessments. The company’s recent earnings call was generally positive, showcasing strong booking performance, customer growth, and innovative product developments. However, challenges such as a negative operating margin in Q4 and uncertainties from a go-to-market transition were noted. Analysts have raised Procore’s price targets based on its leading position in a large, under-digitized market and its potential for capturing significant market share. The improved outlook is supported by the company’s strategic focus on AI and data-driven innovations, alongside successful customer acquisitions and expansion. Despite short-term challenges, analysts express confidence in Procore’s long-term growth potential and operational improvements.
More about Procore Technologies
YTD Price Performance: 10.48%
Average Trading Volume: 1,770,144
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.35B