Procore Technologies, Inc. (NYSE:PCOR) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 6,069.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 802 shares of the company’s stock after buying an additional 789 shares during the quarter. International Assets Investment Management LLC’s holdings in Procore Technologies were worth $49,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after purchasing an additional 175 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Procore Technologies during the third quarter worth approximately $26,000. Signaturefd LLC lifted its position in Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after buying an additional 216 shares in the last quarter. Rothschild Investment LLC acquired a new position in Procore Technologies during the second quarter worth $51,000. Finally, Quarry LP grew its holdings in Procore Technologies by 984.6% in the 2nd quarter. Quarry LP now owns 1,128 shares of the company’s stock valued at $75,000 after buying an additional 1,024 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 25,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the transaction, the director now owns 1,380,078 shares in the company, valued at $79,395,887.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Connor Kevin J. O sold 25,000 shares of Procore Technologies stock in a transaction on Monday, August 19th. The stock was sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the transaction, the director now directly owns 1,380,078 shares in the company, valued at approximately $79,395,887.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 8,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.06, for a total value of $521,030.44. Following the sale, the director now owns 1,371,104 shares in the company, valued at approximately $79,606,298.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,727 shares of company stock valued at $5,876,264 in the last 90 days. Company insiders own 29.00% of the company’s stock.

Procore Technologies Price Performance

PCOR opened at $71.16 on Friday. The firm 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 moving average price is $60.57 and its 200 day moving average price is $63.78. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $83.35.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating and set a $60.00 price target on shares of Procore Technologies in a report on Wednesday, October 2nd. Piper Sandler boosted their target price on shares of Procore Technologies from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on shares of Procore Technologies from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. KeyCorp reduced their price target on shares of Procore Technologies from $79.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Barclays upped their price objective on Procore Technologies from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.