AQR Capital Management LLC Purchases Shares of 4,145 Procore Technologies, Inc. (NYSE:PCOR)

AQR Capital Management LLC acquired a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,145 shares of the company’s stock, valued at approximately $271,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Procore Technologies by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 9,204,957 shares of the company’s stock worth $637,167,000 after acquiring an additional 666,287 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Procore Technologies by 53.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,031 shares of the company’s stock valued at $1,040,000 after buying an additional 5,228 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Procore Technologies in the 4th quarter valued at about $189,000. Massmutual Trust Co. FSB ADV increased its position in Procore Technologies by 27,500.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 4,140 shares of the company’s stock worth $340,000 after buying an additional 4,125 shares during the period. Finally, Park Avenue Securities LLC increased its position in Procore Technologies by 67.7% during the first quarter. Park Avenue Securities LLC now owns 7,475 shares of the company’s stock worth $614,000 after buying an additional 3,017 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Procore Technologies

In other Procore Technologies news, CFO Howard Fu sold 1,142 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $68.68, for a total value of $78,432.56. Following the sale, the chief financial officer now owns 181,419 shares in the company, valued at approximately $12,459,856.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Procore Technologies news, CFO Howard Fu sold 1,142 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $68.68, for a total transaction of $78,432.56. Following the sale, the chief financial officer now directly owns 181,419 shares in the company, valued at approximately $12,459,856.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $1,359,806.02. Following the completion of the transaction, the chief executive officer now owns 793,123 shares of the company’s stock, valued at $46,905,294.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,890 shares of company stock worth $5,807,691 in the last ninety days. 29.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PCOR shares. KeyCorp dropped their target price on Procore Technologies from $79.00 to $68.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. DA Davidson reissued a “neutral” rating and issued a $60.00 target price on shares of Procore Technologies in a report on Wednesday, October 2nd. Barclays upped their price target on shares of Procore Technologies from $54.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. BMO Capital Markets dropped their price objective on Procore Technologies from $85.00 to $71.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, JMP Securities reduced their target price on shares of Procore Technologies from $93.00 to $82.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.13.

Procore Technologies Trading Up 0.8 %

NYSE:PCOR opened at $63.05 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $58.79 and its two-hundred day moving average is $64.93. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $83.35. The company has a market cap of $9.23 billion, a PE ratio of -65.68 and a beta of 0.73.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The firm had revenue of $284.30 million during the quarter, compared to the consensus estimate of $275.26 million. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The firm’s revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.28) EPS. On average, analysts predict that Procore Technologies, Inc. will post -0.28 EPS for the current year.

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.