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Potential Price Increase for Procore Technologies Inc (PCOR) After Recent Insider Activity

Procore Technologies Inc’s recent filing unveils that its Director Bueker Kathryn unloaded Company’s shares for reported $0.51 million on Nov 25 ’24. In the deal valued at $78.01 per share,6,500 shares were sold. As a result of this transaction, Bueker Kathryn now holds 23,932 shares worth roughly $1.98 million.

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Then, Bueker Kathryn bought 6,500 shares, generating $507,043 in total proceeds.

Before that, Fu Howard sold 7,809 shares. Procore Technologies Inc shares valued at $557,250 were divested by the CFO & Treasurer at a price of $71.36 per share. As a result of the transaction, Fu Howard now holds 164,188 shares, worth roughly $13.6 million.

UBS initiated its Procore Technologies Inc [PCOR] rating to a Buy in a research note published on December 02, 2024; the price target was $105. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. Robert W. Baird began covering PCOR with “an Outperform” recommendation on September 24, 2024. DA Davidson revised its rating on August 02, 2024. It rated PCOR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of PCOR

On Monday, Procore Technologies Inc [NYSE:PCOR] saw its stock fall -0.17% to $82.86. Over the last five days, the stock has gained 2.52%. Procore Technologies Inc shares have risen nearly 19.71% since the year began. Nevertheless, the stocks have risen 41.54% over the past one year. While a 52-week high of $86.67 was reached on 12/05/24, a 52-week low of $49.46 was recorded on 08/02/24. SMA at 50 days reached $68.73, while 200 days put it at $67.87.

Levels Of Support And Resistance For PCOR Stock

The 24-hour chart illustrates a support level at 82.08, which if violated will result in even more drops to 81.29. On the upside, there is a resistance level at 84.08. A further resistance level may holdings at 85.30. The Relative Strength Index (RSI) on the 14-day chart is 70.81, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.43%. Stochastics %K at 82.77% 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 2024-11-15, dropping by -0.33 million shares to a total of 9.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.47 million shares. There was a decline of -3.65%, which implies that there is a negative sentiment for the stock.

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