Procore Technologies, Inc. (NYSE:PCOR) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 52.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 631 shares of the company’s stock after acquiring an additional 216 shares during the period. Signaturefd LLC’s holdings in Procore Technologies were worth $42,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new position in Procore Technologies during the fourth quarter worth $62,000. Advisors Asset Management Inc. lifted its stake in Procore Technologies by 26.2% during the first quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock worth $103,000 after purchasing an additional 260 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Procore Technologies by 30.7% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock worth $104,000 after purchasing an additional 297 shares in the last quarter. Covestor Ltd lifted its stake in Procore Technologies by 29.3% during the first quarter. Covestor Ltd now owns 1,324 shares of the company’s stock worth $109,000 after purchasing an additional 300 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its stake in Procore Technologies by 43,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,185 shares of the company’s stock worth $151,000 after purchasing an additional 2,180 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procore Technologies

In related news, insider Benjamin C. Singer sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the sale, the insider now owns 106,705 shares in the company, valued at $7,469,350. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Benjamin C. Singer sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $70.00, for a total value of $140,000.00. Following the completion of the sale, the insider now owns 106,705 shares in the company, valued at $7,469,350. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Connor Kevin J. O sold 3,846 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $53.65, for a total transaction of $206,337.90. Following the completion of the sale, the director now owns 1,444,313 shares of the company’s stock, valued at approximately $77,487,392.45. The disclosure for this sale can be found here. Insiders have sold 173,675 shares of company stock valued at $10,893,468 over the last quarter. 29.00% of the stock is owned by insiders.

Procore Technologies Stock Performance

NYSE:PCOR opened at $55.38 on Friday. The firm has a market capitalization of $8.18 billion, a PE ratio of -57.69 and a beta of 0.73. The business’s fifty day moving average price is $62.64 and its 200 day moving average price is $68.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.55 and a quick ratio of 1.55. Procore Technologies, Inc. has a 12 month low of $48.11 and a 12 month high of $83.35.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $284.30 million for the quarter, compared to analyst estimates of $275.26 million. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. Procore Technologies’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.28) earnings per share. On average, sell-side analysts anticipate that Procore Technologies, Inc. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PCOR. JMP Securities decreased their price target on Procore Technologies from $93.00 to $82.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. DA Davidson cut Procore Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $60.00 in a research note on Friday, August 2nd. TD Cowen initiated coverage on Procore Technologies in a research note on Wednesday, June 12th. They issued a “buy” rating and a $85.00 price objective on the stock. Piper Sandler reduced their price objective on Procore Technologies from $74.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Mizuho reiterated a “neutral” rating and issued a $70.00 price objective (down from $75.00) on shares of Procore Technologies in a research note on Tuesday, June 4th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.31.

Procore Technologies 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.