Yahoo Finance Procore Technologies Inc CFO & Treasurer Howard Fu Sells Company Shares
Howard Fu, the Chief Financial Officer & Treasurer of Procore Technologies Inc (NYSE:PCOR), has sold 1,441 shares of the company on April 22, 2024, according to a recent SEC filing. The transaction was executed at an average price of $71.02 per share, resulting in a total value of $102,370.82.
Procore Technologies Inc, a company specializing in construction management software, provides a platform that connects construction professionals to their projects, applications, and devices. The company aims to streamline communication and documentation, which in turn helps increase project efficiency and accountability.
Over the past year, Howard Fu has sold a total of 32,724 shares of Procore Technologies Inc and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of insider selling, with 103 insider sells and no insider buys over the same timeframe.
On the day of the insider's recent sale, Procore Technologies Inc's shares were trading at $71.02, giving the company a market capitalization of $10.31 billion.
The stock's price-to-GF-Value ratio stands at 0.86, indicating that Procore Technologies Inc is modestly undervalued according to the GF Value. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity by company insiders.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value.
For more detailed information on insider transactions and stock performance, interested individuals can refer to the SEC filing and further explore Procore Technologies Inc's financials and market position.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
