Index Investing News
Monday, May 26, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Procore Technologies exec sells over $4.5m in company stock By Investing.com

by Index Investing News
March 16, 2024
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


© Reuters.

Procore Technologies , Inc. (NYSE:) President of Product & Technology, Steven Scott Davis, has sold 57,666 shares of company stock, totaling approximately $4.56 million. The shares were sold at an average price of $79.11, with individual sale prices ranging from $78.58 to $79.46.

The transaction, which took place on March 13, 2024, was reported in a recent filing with the Securities and Exchange Commission. Following the sale, Davis still holds 167,989 shares of Procore Technologies stock, indicating continued investment in the company’s future.

Procore Technologies, known for its prepackaged software solutions, has seen its stock price fluctuate in recent times. This sale by a high-ranking executive may draw the attention of investors who closely monitor insider transactions as part of their investment strategy.

Investors interested in the specifics of the sale can request detailed information from the company, as the reporting executive has agreed to provide full details regarding the number of shares sold at each price within the reported range.

The recent transaction underscores the dynamic nature of stock ownership among company executives, which can be influenced by a variety of personal and market factors. Procore Technologies continues to be a key player in the software services industry, with its executive team actively managing their stakes in the company.

InvestingPro Insights

Amid the news of Procore Technologies, Inc.’s (NYSE:PCOR) executive share sale, investors may find value in recent financial metrics and analyst insights from InvestingPro. The company, with a market capitalization of 11.44 billion USD, has been trading at a high revenue valuation multiple, which is reflected in its Price/Book ratio of 9.86 as of the last twelve months ending Q4 2023. Despite not being profitable over the last twelve months, analysts have revised their earnings upwards for the upcoming period, indicating potential optimism about the company’s future profitability.

Procore’s gross profit margin stands impressively at 81.69%, showcasing its ability to maintain profitability at the operational level. Additionally, the company has experienced a robust revenue growth of 31.91% over the last twelve months as of Q4 2023. This financial health is complemented by a strong return over the last three months, with a total return of 16.65%.

InvestingPro Tips suggest that Procore holds more cash than debt on its balance sheet and does not pay a dividend to shareholders, which could be pertinent for investors focusing on balance sheet strength and reinvestment potential. For those interested in a deeper analysis, there are additional InvestingPro Tips available for Procore Technologies, including predictions by analysts that the company will become profitable this year. To access these insights, investors can visit Investing.com/pro/PCOR and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

With the next earnings date on May 1, 2024, and the fair value estimated by analysts at 85 USD compared to the InvestingPro fair value of 74.57 USD, Procore Technologies remains a company to watch in the software services sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



Source link

Tags: 45mCompanyExecInvestingcomProcoresellsStockTechnologies
ShareTweetShareShare
Previous Post

Utz Brands insider sells over $6m in company stock By Investing.com

Next Post

ACM Research executive David Wang sells over $2.4m in company stock By Investing.com

Related Posts

Devyani Worldwide’s Goal Worth Minimize By Citi After Gradual This fall Similar Retailer Gross sales Progress

Devyani Worldwide’s Goal Worth Minimize By Citi After Gradual This fall Similar Retailer Gross sales Progress

by Index Investing News
May 26, 2025
0

The biggest franchisee of Yum! introduced its This fall outcomes on Friday and reported a major narrowing of its internet...

What To Do with a Wage Bump: Make investments, Save, or Spend?

What To Do with a Wage Bump: Make investments, Save, or Spend?

by Index Investing News
May 25, 2025
0

In the event you’ve just lately obtained a wage bump, congratulations! An rising wage is likely one of the keys...

Beneath the Line – The Hindu BusinessLine

Beneath the Line – The Hindu BusinessLine

by Index Investing News
May 25, 2025
0

The diplomatic abilities of Overseas Minister S Jaishankar and his staff are being examined by Trump | Picture Credit score:...

Bangladesh courtroom begins first trial of Hasina-era officers

Bangladesh courtroom begins first trial of Hasina-era officers

by Index Investing News
May 25, 2025
0

Bangladesh started the primary trial on Sunday at a particular courtroom prosecuting former senior figures linked to the ousted authorities...

Junk bonds: CCC vs B unfold provides a warning signal for debt

Junk bonds: CCC vs B unfold provides a warning signal for debt

by Index Investing News
May 25, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this web site constitutes acceptance of our Phrases of...

Next Post
ACM Research executive David Wang sells over .4m in company stock By Investing.com

ACM Research executive David Wang sells over $2.4m in company stock By Investing.com

‘Curb Your Enthusiasm’ Billboard Vandalized As Homage To Larry David

'Curb Your Enthusiasm' Billboard Vandalized As Homage To Larry David

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Hedera (HBAR) Joins UKCBC Alongside Ripple & Coinbase

Hedera (HBAR) Joins UKCBC Alongside Ripple & Coinbase

March 22, 2024
Contained in the Allegations In opposition to His Actuality Present – Hollywood Life

Contained in the Allegations In opposition to His Actuality Present – Hollywood Life

September 20, 2024
Haitian Children Search For Their UN Peacekeeper Fathers

Haitian Children Search For Their UN Peacekeeper Fathers

October 8, 2022
Prime Wall Avenue analysts say purchase shares like Levi’s & Palo Alto

Prime Wall Avenue analysts say purchase shares like Levi’s & Palo Alto

July 19, 2022
Why You Should Care About Oppenheimer’s B&W IMAX Film Stock

Why You Should Care About Oppenheimer’s B&W IMAX Film Stock

July 14, 2023
Why Mastercard is a top pick for investors seeking long-term returns

Why Mastercard is a top pick for investors seeking long-term returns

October 6, 2023
Unilever to freeze CEO Schumacher’s fixed pay for two years By Reuters

Unilever to freeze CEO Schumacher’s fixed pay for two years By Reuters

October 30, 2023
Trucker Yellow Paid Managers Millions Just Before Bankruptcy

Trucker Yellow Paid Managers Millions Just Before Bankruptcy

September 14, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In