PCOR

Stock Performance Overview: PCOR's stock has a 52-week low of $49.46 and a high of $88.92, with the last trade recorded at $68.97.

Author's Perspective Disclaimer: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.

Procore Technologies Analysis: J.P. Morgan maintains a Buy rating on Procore Technologies (PCOR) with a price target of $92.00, reflecting a strong analyst consensus for the stock with an average target of $93.88 and a potential upside of 36.4%.

JinkoSolar Outlook: Goldman Sachs has issued a Sell rating on JinkoSolar (JKS) with a price target of $18.00, while the overall analyst consensus is a Hold with a higher price target of $26.99.

Insider Trading Activity: Howard Fu, CFO of $PCOR, sold 1,447 shares for approximately $99,539, marking a total of 77 insider sales with no purchases in the past six months. Following this transaction, he retains 144,713 shares.

Analyst Ratings and Institutional Activity: In recent months, 6 firms have issued buy ratings for $PCOR stock, while 223 institutional investors have adjusted their positions, indicating significant interest and activity surrounding the stock.

Cash Distributions Announcement: PIMCO Canada Corp. announced the first quarter cash distributions for its ETF series, with unitholders receiving specific per-unit amounts on March 31, 2025, based on their fund holdings as of March 21, 2025.

Investment Risks and Advisory: The announcement includes forward-looking statements regarding fund performance and emphasizes the risks associated with mutual fund investments, advising potential investors to consult financial professionals before making investment decisions.

Insider Trading Activity: Connor Kevin J O, a director at $PCOR, sold 5,128 shares for approximately $345,678, marking the only insider purchase in the last six months out of 79 trades, all of which were sales.

Analyst Ratings and Institutional Activity: Recent reports show that 4 firms have issued buy ratings for $PCOR, with no sell ratings, while 223 institutional investors adjusted their positions in the stock during the last quarter.

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Analyst Rating and Performance: Barclays analyst Saket Kalia maintains a Hold rating on Procore Technologies with a price target of $90.00, while the stock currently trades at $65.21. The company has a Strong Buy consensus among analysts with a price target average of $93.21.

Financial Performance and Insider Activity: Procore reported a quarterly revenue of $302.05 million but experienced a GAAP net loss of $62.29 million, worsening from the previous year. Additionally, insider sentiment is negative, with an increase in share sales by insiders, including a significant sale by a major shareholder.

JPMorgan US Momentum Factor ETF Analysis: The JPMorgan US Momentum Factor ETF (JMOM) has an implied analyst target price of $69.26 per unit, indicating a potential upside of 24.21% from its current trading price of $55.76.

Notable Holdings with Upside Potential: Key underlying holdings like Procore Technologies and Spotify show significant upside potential, with Procore's average target price being 31.62% higher than its recent price, and Spotify's target price suggesting a 29.32% increase.

Analyst Rating and Price Target: JMP Securities analyst Aaron Kimson has maintained a Buy rating on Procore Technologies (PCOR) with a price target of $95.00, while the stock closed at $69.18 yesterday. The overall analyst consensus for Procore is a Strong Buy with an average price target of $93.67.

Insider Activity and Market Sentiment: Despite the positive analyst ratings, there is negative sentiment among corporate insiders, with an increase in share sales over the past quarter, indicating potential concerns about the company's future performance.

CEO Transition Announcement: Procore Technologies' Founder and CEO, Tooey Courtemanche, plans to transition to the role of Executive Chairman while a search for his successor begins, maintaining his involvement in the company during this process.

Company Outlook: Procore reaffirms its financial guidance for the first quarter and full year of fiscal 2025, emphasizing its commitment to growth and customer value amidst the leadership change.

CEO Transition Announcement: Procore Technologies' CEO Tooey Courtemanche plans to transition to Executive Chairman after appointing a successor, while remaining actively involved in the company until then.

Board Search for Successor: The Board of Directors will begin a comprehensive search process to find Courtemanche's replacement as CEO.

Procore's Financial Guidance: Procore (PCOR) has reaffirmed its fiscal 2025 guidance for the first quarter and full year, as announced in their fourth quarter and full year 2024 earnings release on February 13.

Market Insights: The article highlights various analyses and recommendations regarding Procore, including a stock buyback plan and a price target increase from JMP Securities, indicating potential growth opportunities and risks.

Insider Trading Activity: Howard Fu, CFO of $PCOR, sold 2,642 shares for approximately $203,566, representing about 1.8% of his holdings, with no insider purchases reported in the last six months despite 74 sales.

Institutional Investor Movements: In the latest quarter, 223 institutional investors adjusted their positions in $PCOR stock, with an equal number increasing and decreasing their holdings.

Insider Trading Activity: Howard Fu, CFO of $PCOR, sold 8,000 shares for approximately $696,000, representing about 4.9% of his holdings, with no insider purchases reported in the last six months despite 73 sales.

Institutional Investor Movements: In the latest quarter, 223 institutional investors increased their positions in $PCOR while 224 decreased theirs, indicating mixed sentiment among large shareholders.

Stock Performance: Procore Technologies Inc (PCOR) shares have surpassed the average analyst 12-month target price of $85.17, currently trading at $87.50/share, prompting analysts to consider either downgrading their valuation or raising their target prices.

Analyst Insights: There is a range of analyst targets for PCOR, from a low of $60.00 to a high of $105.00, indicating varied opinions on the stock's future performance and suggesting investors reassess whether to hold or sell based on current valuations.

Procore Technologies Ratings: Mark Schappel from Loop Capital Markets maintains a Hold rating on Procore Technologies with a price target of $75.00, while D.A. Davidson also issued a Hold rating, and William Blair maintained a Buy rating on the same day.

Insider Activity and Stock Performance: Recent insider activity shows negative sentiment towards Procore Technologies, with an increase in shares sold by insiders, including a notable sale by Director Kathryn Bueker. The stock has fluctuated between a one-year high of $87.90 and a low of $49.46.

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Market Overview: Stocks are showing potential weekly gains despite a slight dip in the Dow Jones, with weaker-than-expected retail sales and easing geopolitical tensions influencing trading.

Stock Performance Highlights: Major indices like the Nasdaq and S&P 500 saw minor increases, while notable stock movements included significant drops for Serve Robotics and SoundHound AI after NVIDIA dissolved its stakes in both companies.

Procore Stock Performance: Procore (PCOR) has seen a significant increase of 14.1%, rising by $10.57 to reach a price of $85.67.

Analyst Price Target Adjustments: Various analysts have raised their price targets for Procore, with new targets ranging from $80 to $110 across different firms.

JFrog Analyst Ratings: J.P. Morgan analyst Pinjalim Bora maintains a Buy rating on JFrog with a price target of $46, indicating a 17.9% upside from its current price, supported by a Strong Buy consensus among analysts.

Procore Technologies Analyst Ratings: J.P. Morgan analyst Alexei Gogolev also reiterates a Buy rating for Procore Technologies with a price target of $97, suggesting a 14.4% upside, while the overall analyst consensus is a Moderate Buy.