State of New Jersey Common Pension Fund D purchased a new position in Procore Technologies, Inc. (NYSE:PCOR – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 35,600 shares of the company’s stock, valued at approximately $2,230,000.
A number of other large investors also recently added to or reduced their stakes in the business. Pathstone Family Office LLC lifted its holdings in Procore Technologies by 4.5% in the 4th quarter. Pathstone Family Office LLC now owns 4,692 shares of the company’s stock worth $228,000 after purchasing an additional 204 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Procore Technologies by 6.7% in the 4th quarter. Parallel Advisors LLC now owns 4,022 shares of the company’s stock worth $190,000 after purchasing an additional 251 shares in the last quarter. The Public Employees Retirement System of Ohio lifted its holdings in Procore Technologies by 0.8% in the 3rd quarter. The Public Employees Retirement System of Ohio now owns 35,054 shares of the company’s stock worth $1,734,000 after purchasing an additional 277 shares in the last quarter. Credit Suisse AG lifted its holdings in Procore Technologies by 1.7% in the 3rd quarter. Credit Suisse AG now owns 18,779 shares of the company’s stock worth $929,000 after purchasing an additional 314 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Procore Technologies by 55.8% in the 2nd quarter. Captrust Financial Advisors now owns 916 shares of the company’s stock worth $42,000 after purchasing an additional 328 shares in the last quarter. 82.32% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Procore Technologies
In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 24,200 shares of the company’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $53.81, for a total value of $1,302,202.00. Following the transaction, the chief executive officer now owns 3,536,085 shares of the company’s stock, valued at approximately $190,276,733.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Craig F. Jr. Courtemanche sold 24,200 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $53.81, for a total transaction of $1,302,202.00. Following the transaction, the chief executive officer now owns 3,536,085 shares of the company’s stock, valued at approximately $190,276,733.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $54.60, for a total value of $279,988.80. Following the transaction, the director now directly owns 1,519,770 shares in the company, valued at approximately $82,979,442. The disclosure for this sale can be found here. Insiders have sold 222,107 shares of company stock valued at $14,038,685 in the last quarter. 39.20% of the stock is owned by insiders.
Procore Technologies Stock Performance
Shares of Procore Technologies stock opened at $71.98 on Friday. The stock’s fifty day moving average is $64.07 and its two-hundred day moving average is $59.58. The company has a market capitalization of $10.11 billion, a PE ratio of -35.63 and a beta of 0.59. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.04. Procore Technologies, Inc. has a 52 week low of $41.80 and a 52 week high of $76.25.
Procore Technologies (NYSE:PCOR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.13. The company had revenue of $213.53 million for the quarter, compared to the consensus estimate of $203.24 million. Procore Technologies has a negative return on equity of 19.75% and a negative net margin of 36.03%. As a group, analysts expect that Procore Technologies, Inc. will post -1.55 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently commented on PCOR. Stifel Nicolaus lowered their price target on Procore Technologies from $79.00 to $67.00 in a report on Thursday, May 4th. Mizuho decreased their price objective on Procore Technologies from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 17th. JMP Securities reaffirmed a “market outperform” rating and set a $75.00 price objective on shares of Procore Technologies in a report on Monday, April 17th. JPMorgan Chase & Co. started coverage on Procore Technologies in a report on Thursday, July 13th. They set an “overweight” rating and a $84.00 price objective on the stock. Finally, Barclays upped their price objective on Procore Technologies from $72.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, July 14th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.93.
Procore Technologies Profile
(Free Report)
Procore Technologies, Inc provides a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables general and specialty contractors, architects and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.
Further Reading
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