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Chief Legal Officer sells shares

Procore Technologies Inc (NYSE:PCOR) Chief Legal Officer and Secretary Benjamin Singer sold 2,000 shares of the company’s stock on June 3, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 110,705 shares of the company.

Procore Technologies Inc, a leading provider of construction management software, facilitates project management, resource management and financial management for construction companies to increase efficiency and streamline communications.

Over the past year, Benjamin Singer has sold a total of 90,598 shares and has not purchased any shares of the company. This recent transaction is part of a broader trend at Procore Technologies Inc, which has seen 103 insider sales and no insider purchases in the past year.

On the date of the last sale, shares of Procore Technologies Inc were trading at $67.58. This pricing values ​​the company with a market cap of approximately $9.698 billion.

According to GF Value, the stock’s intrinsic value is estimated at $83.75, which suggests that Procore Technologies Inc is modestly undervalued with a price-to-GF value ratio of 0.81.

The GF value is determined by historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future activities. analyst performance estimates.

Insider selling at Procore Technologies Inc (PCOR): Chief Legal Officer sells stockInsider selling at Procore Technologies Inc (PCOR): Chief Legal Officer sells stock

Insider selling at Procore Technologies Inc (PCOR): Chief Legal Officer sells stock

Insider selling at Procore Technologies Inc (PCOR): Chief Legal Officer sells stockInsider selling at Procore Technologies Inc (PCOR): Chief Legal Officer sells stock

Insider selling at Procore Technologies Inc (PCOR): Chief Legal Officer sells stock

This article, generated by GuruFocus, is intended to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, uses an unbiased methodology and is not intended as specific investment guidance. It does not make a recommendation to purchase or dispose of shares and does not take into account individual investment objectives or financial circumstances. Our goal is to deliver fundamental, long-term data-driven analysis. Please note that our analysis may not include the most recent price-sensitive company announcements or qualitative information. GuruFocus has no positions in the stocks mentioned herein.

This article first appeared on GuruFocus.