Procore Technologies Inc’s filing revealed that its Director Griffith William J.G. unloaded Company’s shares for reported $23.44 million on Nov 13 ’24. In the deal valued at $72.95 per share,321,318 shares were sold. As a result of this transaction, Griffith William J.G. now holds 1,647,603 shares worth roughly $113.93 million.
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Then, Griffith William J.G. sold 21,999 shares, generating $1,562,728 in total proceeds. Upon selling the shares at $71.04, the Director now owns 1,788,689 shares.
Before that, ICONIQ STRATEGIC PARTNERS II, sold 180,232 shares. Procore Technologies Inc shares valued at $13,148,778 were divested by the 10% Owner at a price of $72.95 per share. As a result of the transaction, ICONIQ STRATEGIC PARTNERS II, now holds 2,104,757 shares, worth roughly $145.54 million.
Robert W. Baird initiated its Procore Technologies Inc [PCOR] rating to an Outperform in a research note published on September 24, 2024; the price target was $73. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Barclays also remained covering PCOR and has decreased its forecast on August 02, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Macquarie started covering the stock on June 05, 2024. It rated PCOR as “a Neutral”.
Price Performance Review of PCOR
On Friday, Procore Technologies Inc [NYSE:PCOR] saw its stock fall -3.44% to $69.15. Over the last five days, the stock has lost -1.86%. Procore Technologies Inc shares have fallen nearly -0.10% since the year began. Nevertheless, the stocks have risen 22.50% over the past one year. While a 52-week high of $83.35 was reached on 03/27/24, a 52-week low of $49.46 was recorded on 08/02/24. SMA at 50 days reached $62.53, while 200 days put it at $67.47.
Levels Of Support And Resistance For PCOR Stock
The 24-hour chart illustrates a support level at 67.62, which if violated will result in even more drops to 66.09. On the upside, there is a resistance level at 71.15. A further resistance level may holdings at 73.16. The Relative Strength Index (RSI) on the 14-day chart is 58.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.99%. Stochastics %K at 79.74% indicates the stock is a holding.
How much short interest is there in Procore Technologies Inc?
A steep rise in short interest was recorded in Procore Technologies Inc stocks on 2024-10-31, dropping by -0.97 million shares to a total of 9.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.67 million shares. There was a decline of -10.0%, which implies that there is a negative sentiment for the stock.
