In a filing, Procore Technologies Inc. revealed its SVP, Corporate Controller Fleming William Fred Jr unloaded Company’s shares for reported $0.2 million on Aug 29. In the deal valued at $66.33 per share,3,000 shares were sold. As a result of this transaction, Fleming William Fred Jr now holds 80,973 shares worth roughly $ 5.5 million.
Then, Singer Benjamin C sold 8,000 shares, generating $505,040 in total proceeds. Upon selling the shares at $63.13, the Chief Legal Officer; Secretary now owns 144,568 shares.
Before that, O CONNOR KEVIN J sold 5,128 shares. Procore Technologies Inc. shares valued at $325,679 were divested by the Director at a price of $63.51 per share. As a result of the transaction, O CONNOR KEVIN J now holds 1,625,085 shares, worth roughly $110.41 million.
Loop Capital downgraded its Procore Technologies Inc. [PCOR] rating to a Hold from a a Buy in a research note published on Tuesday, August 03, 2023; the price target was decreased to $75 from $80. PT values the company’s stock at a premium of 9.41 to its Tuesday closing price.
Price Performance Review of PCOR
On Tuesday, Procore Technologies Inc. [NYSE:PCOR] saw its stock fall -0.12% to $67.94. On the same session, the stock had its day’s lowest price of $67.061, but rose to a high of $67.98. Over the last five days, the stock has gained 4.25%. Procore Technologies Inc. shares have risen nearly 44.00% since the year began. Nevertheless, the stocks have risen 26.97% over the past one year. While a 52-week high of $76.86 was reached on 08/01/23, a 52-week low of $41.80 was recorded on 01/06/23. SMA at 50 days reached $67.41, while 200 days put it at $59.19. A total of 0.65 million shares were traded, compared to the trading of 1.1 million shares in the previous session.
Levels Of Support And Resistance For PCOR Stock
The 24-hour chart illustrates a support level at 67.34, which if violated will result in even more drops to 66.74. On the upside, there is a resistance level at 68.26. A further resistance level may holdings at 68.58. The Relative Strength Index (RSI) on the 14-day chart is 57.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.46%. Stochastics %K at 89.21% indicates the stock is a selling.
How much short interest is there in Procore Technologies Inc.?
A steep rise in short interest was recorded in Procore Technologies Inc. stocks on Aug 14, 2023, dropping by -0.7 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.68 million shares. There was a decline of -14.06%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.76.
Procore Technologies Inc. [PCOR] – Who Are The Largest Shareholders?
In filings from Iconiq Capital LLC, it is revealed that the company now owns 38,691,710 shares, or roughly 27.54% of the outstanding PCOR shares. In other words, the investor’s shares have fallen by -718,390 from its previous 13-F filing of 39410100.0. Additionally, T. Rowe Price Associates, Inc. decreased -0.70% of its stake after which the total value it holdings stand at $739,992,828, while The Vanguard Group, Inc. added 8.88% of its stake to hold $563.71 million in the firm. Over the last quarter, Morgan Stanley Investment Managem sold -318,545 shares of Procore Technologies Inc., while 12 West Capital Management LP sold 0 shares. At present, BlackRock Fund Advisors is holding 3,317,030 shares valued at $251.6 million. JPMorgan Investment Management, I owned 3,190,818 shares of the company at the time of its most recent 13F filing, worth $242.02 million.