Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Fmr LLC

Fmr LLC boosted its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 4.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,939 shares of the company’s stock after buying an additional 797 shares during the quarter. Fmr LLC’s holdings in Procore Technologies were worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PCOR. CIBC Asset Management Inc increased its position in shares of Procore Technologies by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock valued at $259,000 after purchasing an additional 143 shares during the last quarter. Tanager Wealth Management LLP increased its position in shares of Procore Technologies by 1.2% in the 2nd quarter. Tanager Wealth Management LLP now owns 12,579 shares of the company’s stock valued at $834,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 175 shares during the last quarter. Taylor Frigon Capital Management LLC increased its position in shares of Procore Technologies by 0.3% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 53,845 shares of the company’s stock valued at $3,570,000 after purchasing an additional 180 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after buying an additional 216 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Stock Down 1.4 %

PCOR stock opened at $77.70 on Tuesday. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $86.67. The stock has a market capitalization of $11.55 billion, a PE ratio of -155.40 and a beta of 0.82. 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 company has a fifty day moving average of $71.18 and a 200-day moving average of $65.33.

Procore Technologies (NYSE:PCOR) last released its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The company had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. As a group, analysts expect that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. DA Davidson increased their target price on shares of Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets increased their target price on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Mizuho increased their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Robert W. Baird increased their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.71.

Insider Activity at Procore Technologies

In related news, CFO Howard Fu sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $71.75, for a total value of $107,625.00. Following the completion of the sale, the chief financial officer now owns 171,997 shares in the company, valued at $12,340,784.75. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $58.48, for a total transaction of $299,885.44. Following the completion of the sale, the director now owns 1,360,848 shares of the company’s stock, valued at $79,582,391.04. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,321 shares of company stock worth $10,664,711 over the last 90 days. Company insiders own 29.00% of the company’s stock.

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.