Procore Technologies Inc’s recent filing unveils that its CEO & President Courtemanche Craig F. Jr. unloaded Company’s shares for reported $4.69 million on May 01 ’24. In the deal valued at $68.97 per share,68,000 shares were sold. As a result of this transaction, Courtemanche Craig F. Jr. now holds 530,049 shares worth roughly $36.12 million.
Then, Singer Benjamin C sold 3,000 shares, generating $207,160 in total proceeds. Upon selling the shares at $69.05, the Chief Legal Officer; Secretary now owns 122,321 shares.
Before that, Fu Howard sold 1,441 shares. Procore Technologies Inc shares valued at $102,340 were divested by the CFO & Treasurer at a price of $71.02 per share. As a result of the transaction, Fu Howard now holds 192,178 shares, worth roughly $13.1 million.
JP Morgan reiterated its Procore Technologies Inc [PCOR] rating to an Overweight in a research note published on January 23, 2024; the price target was $81. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Perform”. Jefferies also remained covering PCOR and has decreased its forecast on November 02, 2023 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets started covering the stock on October 26, 2023. It rated PCOR as “an Outperform”.
Price Performance Review of PCOR
On Friday, Procore Technologies Inc [NYSE:PCOR] saw its stock fall -1.57% to $68.14. Over the last five days, the stock has lost -2.78%. Procore Technologies Inc shares have fallen nearly -1.56% since the year began. Nevertheless, the stocks have risen 28.13% over the past one year. While a 52-week high of $83.35 was reached on 03/27/24, a 52-week low of $48.11 was recorded on 01/03/24. SMA at 50 days reached $76.07, while 200 days put it at $68.13. A total of 2.71 million shares were traded, compared to the trading of 3.25 million shares in the previous session.
Levels Of Support And Resistance For PCOR Stock
The 24-hour chart illustrates a support level at 66.71, which if violated will result in even more drops to 65.28. On the upside, there is a resistance level at 70.11. A further resistance level may holdings at 72.08. The Relative Strength Index (RSI) on the 14-day chart is 30.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.03%. Stochastics %K at 16.83% indicates the stock is a buying.
