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The price of Procore Technologies Inc (NYSE: PCOR) closed at $59.48 in the last session, down -1.41% from day before closing price of $60.33. In other words, the price has decreased by -$1.41 from its previous closing price. On the day, 1.22 million shares were traded. PCOR stock price reached its highest trading level at $60.81 during the session, while it also had its lowest trading level at $59.28.
Ratios:
We take a closer look at PCOR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on August 02, 2024, Downgraded its rating to Neutral and sets its target price to $60 from $90 previously.
On August 02, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $78 to $54.
On June 05, 2024, Macquarie started tracking the stock assigning a Neutral rating and target price of $70.Macquarie initiated its Neutral rating on June 05, 2024, with a $70 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 22 ’24 when Courtemanche Craig F. Jr. sold 22,993 shares for $59.14 per share. The transaction valued at 1,359,806 led to the insider holds 793,123 shares of the business.
Durling Joy Driscoll sold 6,076 shares of PCOR for $359,335 on Aug 22 ’24. The Chief Data Officer now owns 104,381 shares after completing the transaction at $59.14 per share. On Aug 22 ’24, another insider, Fleming William Fred Jr, who serves as the SVP, Corporate Controller of the company, sold 2,707 shares for $59.14 each. As a result, the insider received 160,092 and left with 79,156 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PCOR now has a Market Capitalization of 8909865984 and an Enterprise Value of 8123993600. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.27 while its Price-to-Book (P/B) ratio in mrq is 6.99. Its current Enterprise Value per Revenue stands at 7.652 whereas that against EBITDA is -109.612.
Stock Price History:
Over the past 52 weeks, PCOR has reached a high of $83.35, while it has fallen to a 52-week low of $48.11. The 50-Day Moving Average of the stock is -6.12%, while the 200-Day Moving Average is calculated to be -12.66%.
Shares Statistics:
According to the various share statistics, PCOR traded on average about 1.90M shares per day over the past 3-months and 1694210 shares per day over the past 10 days. A total of 144.81M shares are outstanding, with a floating share count of 134.57M. Insiders hold about 8.88% of the company’s shares, while institutions hold 86.21% stake in the company. Shares short for PCOR as of 1723680000 were 10009407 with a Short Ratio of 5.27, compared to 1721001600 on 10519137. Therefore, it implies a Short% of Shares Outstanding of 10009407 and a Short% of Float of 13.51.
