International Assets Investment Management LLC Boosts Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

International Assets Investment Management LLC grew its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 6,069.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 802 shares of the company’s stock after buying an additional 789 shares during the period. International Assets Investment Management LLC’s holdings in Procore Technologies were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Procore Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,299,147 shares of the company’s stock worth $764,111,000 after buying an additional 94,190 shares during the last quarter. XN LP increased its position in shares of Procore Technologies by 101.1% in the second quarter. XN LP now owns 2,808,251 shares of the company’s stock valued at $186,215,000 after buying an additional 1,411,812 shares in the last quarter. Dragoneer Investment Group LLC raised its position in Procore Technologies by 254.0% during the second quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock worth $148,762,000 after acquiring an additional 1,609,607 shares during the last quarter. Robeco Schweiz AG lifted its stake in Procore Technologies by 20.1% in the 2nd quarter. Robeco Schweiz AG now owns 1,315,000 shares of the company’s stock valued at $87,198,000 after buying an additional 220,000 shares in the last quarter. Finally, Meritage Group LP acquired a new stake in Procore Technologies during the 1st quarter valued at $106,738,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Trading Down 0.3 %

Shares of NYSE PCOR opened at $71.16 on Friday. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $83.35. The company has a market cap of $10.58 billion, a price-to-earnings ratio of -142.76 and a beta of 0.71. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $60.57 and its 200 day simple moving average is $63.78.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The firm had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. Equities research analysts expect that Procore Technologies, Inc. will post -0.27 EPS for the current year.

Insider Activity

In other news, SVP William Fred Fleming, Jr. sold 2,707 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total value of $160,091.98. Following the completion of the sale, the senior vice president now owns 79,156 shares in the company, valued at $4,681,285.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Connor Kevin J. O sold 25,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $57.53, for a total transaction of $1,438,250.00. Following the sale, the director now directly owns 1,380,078 shares of the company’s stock, valued at $79,395,887.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William Fred Fleming, Jr. sold 2,707 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total value of $160,091.98. Following the sale, the senior vice president now directly owns 79,156 shares of the company’s stock, valued at approximately $4,681,285.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,727 shares of company stock worth $5,876,264 over the last three months. Corporate insiders own 29.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen boosted their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Baird R W raised shares of Procore Technologies to a “strong-buy” rating in a research note on Tuesday, September 24th. Macquarie reissued a “neutral” rating and set a $70.00 price target on shares of Procore Technologies in a research report on Tuesday, July 30th. Barclays boosted their price objective on shares of Procore Technologies from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Scotiabank reduced their target price on Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating for the company in a research note on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects.