Ellsworth Advisors LLC Acquires 170 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Ellsworth Advisors LLC grew its position in Procore Technologies, Inc. (NYSE:PCOR) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,901 shares of the company’s stock after acquiring an additional 170 shares during the period. Ellsworth Advisors LLC’s holdings in Procore Technologies were worth $408,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PCOR. Values First Advisors Inc. bought a new position in shares of Procore Technologies during the fourth quarter worth approximately $373,000. Raymond James & Associates grew its holdings in shares of Procore Technologies by 1,055.4% during the 4th quarter. Raymond James & Associates now owns 46,148 shares of the company’s stock worth $3,194,000 after purchasing an additional 42,154 shares in the last quarter. Richelieu Gestion SA bought a new position in shares of Procore Technologies in the fourth quarter worth $1,772,000. First Bank & Trust raised its stake in Procore Technologies by 23.8% in the fourth quarter. First Bank & Trust now owns 5,723 shares of the company’s stock valued at $396,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new position in Procore Technologies in the 4th quarter valued at about $403,000. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling

In other Procore Technologies news, CFO Howard Fu sold 1,140 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $65.90, for a total transaction of $75,126.00. Following the completion of the sale, the chief financial officer now directly owns 145,750 shares in the company, valued at $9,604,925. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Howard Fu sold 1,140 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $65.90, for a total transaction of $75,126.00. Following the completion of the sale, the chief financial officer now directly owns 145,750 shares in the company, valued at $9,604,925. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig F. Jr. Courtemanche sold 68,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $67.89, for a total value of $4,616,520.00. Following the transaction, the chief executive officer now directly owns 538,449 shares in the company, valued at $36,555,302.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 465,949 shares of company stock worth $35,424,998. Corporate insiders own 39.20% of the company’s stock.

Procore Technologies Stock Performance

Shares of NYSE:PCOR traded up $0.54 during mid-day trading on Thursday, reaching $82.17. The company had a trading volume of 993,289 shares, compared to its average volume of 1,214,575. The company’s 50-day moving average price is $75.59 and its 200-day moving average price is $67.37. Procore Technologies, Inc. has a one year low of $48.11 and a one year high of $83.35. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of -61.78 and a beta of 0.70. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.04.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.13. The firm had revenue of $260.04 million for the quarter, compared to analysts’ expectations of $248.20 million. Procore Technologies had a negative return on equity of 12.26% and a negative net margin of 19.97%. As a group, equities research analysts anticipate that Procore Technologies, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PCOR has been the topic of several research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Procore Technologies in a research note on Thursday, March 14th. The Goldman Sachs Group upped their price target on shares of Procore Technologies from $74.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, February 16th. JMP Securities boosted their price objective on Procore Technologies from $81.00 to $93.00 and gave the stock a “market outperform” rating in a research report on Friday, February 16th. BMO Capital Markets lifted their price target on Procore Technologies from $76.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. upped their price objective on Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Procore Technologies presently has an average rating of “Moderate Buy” and an average target price of $81.86.

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.