3,013 Shares in Procore Technologies, Inc. (NYSE:PCOR) Bought by Portside Wealth Group LLC

Portside Wealth Group LLC acquired a new position in Procore Technologies, Inc. (NYSE:PCOR) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 3,013 shares of the company’s stock, valued at approximately $199,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Procore Technologies by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 11,900,337 shares of the company’s stock worth $891,692,000 after purchasing an additional 838,925 shares during the period. Capital World Investors increased its holdings in Procore Technologies by 453.6% during the fourth quarter. Capital World Investors now owns 3,118,962 shares of the company’s stock worth $233,704,000 after buying an additional 2,555,612 shares during the last quarter. Principal Financial Group Inc. raised its position in Procore Technologies by 29,376.1% in the fourth quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company’s stock worth $200,810,000 after acquiring an additional 2,670,872 shares during the period. Janus Henderson Group PLC raised its position in Procore Technologies by 14.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,627,408 shares of the company’s stock worth $196,873,000 after acquiring an additional 322,367 shares during the period. Finally, FIL Ltd boosted its stake in Procore Technologies by 4.0% in the fourth quarter. FIL Ltd now owns 2,171,975 shares of the company’s stock valued at $162,746,000 after acquiring an additional 84,216 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Insider Activity

In other Procore Technologies news, insider Benjamin C. Singer sold 4,203 shares of Procore Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $68.91, for a total transaction of $289,628.73. Following the completion of the sale, the insider now directly owns 102,057 shares in the company, valued at $7,032,747.87. The trade was a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Howard Fu sold 797 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $68.99, for a total transaction of $54,985.03. Following the completion of the transaction, the chief financial officer now directly owns 199,067 shares of the company’s stock, valued at approximately $13,733,632.33. This represents a 0.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,981 shares of company stock worth $2,941,093 in the last three months. Corporate insiders own 29.00% of the company’s stock.

Procore Technologies Trading Up 1.0%

Shares of PCOR opened at $67.99 on Friday. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The stock has a market cap of $10.14 billion, a PE ratio of -94.43 and a beta of 0.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $64.48 and its 200-day moving average price is $72.47.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The company had revenue of $310.63 million during the quarter, compared to analysts’ expectations of $302.66 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. Procore Technologies’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

PCOR has been the subject of several research analyst reports. Mizuho decreased their price target on shares of Procore Technologies from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Canaccord Genuity Group raised their target price on Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. DA Davidson upgraded Procore Technologies to a “hold” rating in a research note on Tuesday, May 13th. BMO Capital Markets cut their price target on Procore Technologies from $95.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Jefferies Financial Group decreased their price objective on Procore Technologies from $100.00 to $90.00 and set a “buy” rating for the company in a report on Monday, March 31st. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.24.

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.