Roubaix Capital LLC lifted its position in shares of Procore Technologies, Inc. (NYSE:PCOR – Free Report) by 54.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,754 shares of the company’s stock after purchasing an additional 25,687 shares during the period. Roubaix Capital LLC’s holdings in Procore Technologies were worth $4,147,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its stake in Procore Technologies by 7,100.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 432 shares of the company’s stock valued at $25,000 after purchasing an additional 426 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Procore Technologies during the third quarter worth approximately $34,000. V Square Quantitative Management LLC acquired a new position in Procore Technologies during the fourth quarter worth approximately $41,000. Allworth Financial LP raised its stake in Procore Technologies by 48.2% in the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after buying an additional 204 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in Procore Technologies in the fourth quarter valued at approximately $54,000. 81.10% of the stock is owned by institutional investors.
Insider Transactions at Procore Technologies
In related news, Director Connor Kevin J. O sold 5,769 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $41.93, for a total value of $241,894.17. Following the transaction, the director directly owned 967,901 shares in the company, valued at approximately $40,584,088.93. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $43.90, for a total transaction of $2,463,755.80. Following the transaction, the chairman directly owned 919,704 shares in the company, valued at approximately $40,375,005.60. This represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 189,621 shares of company stock valued at $8,791,847. 16.80% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on PCOR
Procore Technologies Price Performance
Procore Technologies stock opened at $45.97 on Friday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of -90.13 and a beta of 0.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02. Procore Technologies, Inc. has a 12 month low of $38.03 and a 12 month high of $82.32. The stock’s 50 day moving average is $44.91 and its 200-day moving average is $53.74.
Procore Technologies (NYSE:PCOR – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 2.24% and a negative net margin of 5.61%.The firm had revenue of $359.28 million for the quarter, compared to analyst estimates of $352.82 million. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts expect that Procore Technologies, Inc. will post 0.06 EPS for the current year.
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. 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 Execution, 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.
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