Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procore Technologies Inc shares valued at $495,685 were sold by O CONNOR KEVIN J on Feb 05 ’25. At $77.33 per share, O CONNOR KEVIN J sold 6,410 shares. The insider’s holdings dropped to 1,244,188 shares worth approximately $93.44 million following the completion of this transaction.
Also, O CONNOR KEVIN J sold 6,410 shares, netting a total of over 492,929 in proceeds. Following the sale of shares at $76.90 each, the insider now holds 1,237,778 shares.
Before that, O CONNOR KEVIN J had sold 6,410 shares from its account. In a trade valued at $492,096, the Director traded Procore Technologies Inc shares for $76.77 each. Upon closing the transaction, the insider’s holdings decreased to 6,410 shares, worth approximately $92.48 million.
As published in a research note from Jefferies on January 06, 2025, Procore Technologies Inc [PCOR] has been rated up from a Hold to a Buy and the price target has been revised to $100 from $80. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of November 22, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for PCOR. Earlier on September 24, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for PCOR stock.
Analyzing PCOR Stock Performance
During the last five days, there has been a drop of approximately -1.51%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 0.23%. Shares of the company reached a 52-week high of $83.07 on 01/28/25 and a 52-week low of $72.88 on 01/13/25. A 50-day SMA is recorded $78.08, while a 200-day SMA reached $67.96. Nevertheless, trading volume fell to 2.13 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Procore Technologies Inc (PCOR)
According to the 24-hour chart, there is a support level at 73.83, which, if violated, would cause prices to drop to 72.57. In the upper region, resistance lies at 75.79. The next price resistance is at 76.49. RSI (Relative Strength Index) is 42.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.88, which suggests the price will decrease in the coming days. Percent R is at 81.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
