Values First Advisors Inc. Makes New Investment in Procore Technologies, Inc. (NYSE:PCOR)

Values First Advisors Inc. purchased a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,390 shares of the company’s stock, valued at approximately $373,000.

Several other institutional investors have also recently made changes to their positions in PCOR. Vanguard Group Inc. boosted its stake in shares of Procore Technologies by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,538,670 shares of the company’s stock worth $557,746,000 after acquiring an additional 995,757 shares during the period. California Public Employees Retirement System boosted its stake in shares of Procore Technologies by 31.8% during the 3rd quarter. California Public Employees Retirement System now owns 139,326 shares of the company’s stock worth $9,101,000 after acquiring an additional 33,590 shares during the period. Rhumbline Advisers boosted its stake in shares of Procore Technologies by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 111,137 shares of the company’s stock worth $7,259,000 after acquiring an additional 2,073 shares during the period. Lisanti Capital Growth LLC bought a new position in shares of Procore Technologies during the 3rd quarter worth approximately $2,922,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of Procore Technologies during the 3rd quarter worth approximately $7,328,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Activity

In other Procore Technologies news, CFO Howard Fu sold 1,457 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $81.19, for a total transaction of $118,293.83. Following the sale, the chief financial officer now directly owns 137,237 shares of the company’s stock, valued at $11,142,272.03. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Procore Technologies news, insider Benjamin C. Singer sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $70.00, for a total transaction of $70,000.00. Following the completion of the transaction, the insider now owns 127,318 shares in the company, valued at $8,912,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Howard Fu sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $81.19, for a total value of $118,293.83. Following the transaction, the chief financial officer now directly owns 137,237 shares in the company, valued at approximately $11,142,272.03. The disclosure for this sale can be found here. Insiders have sold 465,949 shares of company stock valued at $35,424,998 in the last ninety days. 39.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on PCOR. JPMorgan Chase & Co. boosted their price target on Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. KeyCorp boosted their price target on Procore Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Stifel Nicolaus boosted their price target on Procore Technologies from $64.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 16th. The Goldman Sachs Group upped their target price on Procore Technologies from $74.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Piper Sandler boosted their price target on Procore Technologies from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.86.

Procore Technologies Trading Up 0.7 %

Shares of PCOR traded up $0.54 during trading hours on Thursday, hitting $82.17. The company had a trading volume of 993,289 shares, compared to its average volume of 1,214,575. The firm has a market cap of $11.79 billion, a P/E ratio of -61.38 and a beta of 0.70. The stock’s 50 day moving average price is $75.59 and its 200 day moving average price is $67.37. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. Procore Technologies, Inc. has a 52-week low of $48.11 and a 52-week high of $83.35.

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

Procore Technologies 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.