Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its position in Procore Technologies, Inc. (NYSE:PCOR) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,440 shares of the company’s stock after selling 185 shares during the quarter. MML Investors Services LLC’s holdings in Procore Technologies were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Procore Technologies during the third quarter valued at $26,000. Signaturefd LLC raised its stake in shares of Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after purchasing an additional 789 shares during the period. Finally, Rothschild Investment LLC bought a new position in Procore Technologies in the 2nd quarter valued at about $51,000. Institutional investors own 81.10% of the company’s stock.

Insider Activity

In other Procore Technologies news, insider Steven Scott Davis sold 9,671 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $65.00, for a total value of $628,615.00. Following the completion of the sale, the insider now directly owns 192,137 shares of the company’s stock, valued at $12,488,905. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Connor Kevin J. O sold 6,410 shares of Procore Technologies stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $81.26, for a total transaction of $520,876.60. Following the completion of the sale, the director now directly owns 1,269,828 shares of the company’s stock, valued at approximately $103,186,223.28. The trade was a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 141,193 shares of company stock worth $10,364,826 in the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PCOR. BMO Capital Markets upped their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Canaccord Genuity Group increased their price target on Procore Technologies from $67.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Baird R W upgraded Procore Technologies to a “strong-buy” rating in a report on Tuesday, September 24th. Barclays lifted their target price on Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, November 22nd. Finally, KeyCorp upped their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $84.24.

Procore Technologies Stock Up 0.0 %

NYSE:PCOR opened at $76.54 on Tuesday. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $86.67. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of -153.08 and a beta of 0.82. 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 business’s fifty day moving average price is $72.46 and its 200 day moving average price is $65.64.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. On average, sell-side analysts forecast that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal 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.