V Square Quantitative Management LLC Purchases 162 Shares of Procore Technologies, Inc. (NYSE:PCOR)

V Square Quantitative Management LLC raised its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 591 shares of the company’s stock after purchasing an additional 162 shares during the period. V Square Quantitative Management LLC’s holdings in Procore Technologies were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in shares of Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the period. Hilltop National Bank bought a new stake in Procore Technologies during the fourth quarter valued at $53,000. GAMMA Investing LLC boosted its stake in Procore Technologies by 84.7% during the fourth quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock valued at $56,000 after buying an additional 342 shares during the period. International Assets Investment Management LLC boosted its stake in Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in Procore Technologies during the third quarter valued at $71,000. 81.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PCOR. Piper Sandler raised their price target on Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday. DA Davidson lifted their price objective on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. BMO Capital Markets lifted their price objective on Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Barclays lifted their price objective on Procore Technologies from $84.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Scotiabank lifted their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.65.

Procore Technologies Stock Performance

Procore Technologies stock opened at $87.48 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s 50 day simple moving average is $77.72 and its two-hundred day simple moving average is $68.73. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $87.90. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of -174.96 and a beta of 0.84.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. As a group, analysts expect that Procore Technologies, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,668 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $190,388.48. Following the completion of the sale, the senior vice president now directly owns 72,605 shares in the company, valued at approximately $5,181,092.80. The trade was a 3.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $1,617,374.40. Following the sale, the chief executive officer now owns 770,458 shares of the company’s stock, valued at approximately $54,979,882.88. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,656 shares of company stock worth $8,776,297 in the last three months. Insiders own 29.00% of the company’s stock.

About Procore Technologies

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.