The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Procore Technologies Inc shares valued at $696,000 were purchased by Fu Howard on Feb 19 ’25. At $87.00 per share, Fu Howard acquired 8,000 shares.
Also, Steele Elisa purchased 4,000 shares, netting a total of over 354,000 in proceeds.
Before that, O CONNOR KEVIN J had sold 6,410 shares from its account. In a trade valued at $495,685, the Director traded Procore Technologies Inc shares for $77.33 each. Upon closing the transaction, the insider’s holdings decreased to 6,410 shares, worth approximately $103.33 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 surge of approximately 11.79%. Over the course of the year, Procore Technologies Inc shares have jumped approximately 10.84%. Shares of the company reached a 52-week high of $88.92 on 02/18/25 and a 52-week low of $72.88 on 01/13/25. A 50-day SMA is recorded $78.32, while a 200-day SMA reached $68.31. Nevertheless, trading volume fell to 2.52 million shares from 2.31 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 81.35, which, if violated, would cause prices to drop to 79.65. In the upper region, resistance lies at 85.25. The next price resistance is at 87.44. RSI (Relative Strength Index) is 57.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.65, which suggests the price will increase in the coming days. Percent R is at 37.48%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
