UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $13.42 Million Stock Position in Procore Technologies, Inc. $PCOR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Procore Technologies, Inc. (NYSE:PCORFree Report) by 4.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 330,373 shares of the company’s stock after acquiring an additional 13,597 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Procore Technologies were worth $13,420,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Argos Wealth Advisors LLC raised its holdings in Procore Technologies by 3.9% in the 1st quarter. Argos Wealth Advisors LLC now owns 5,154 shares of the company’s stock worth $294,000 after acquiring an additional 195 shares during the period. Intellectus Partners LLC boosted its holdings in Procore Technologies by 1.6% in the 4th quarter. Intellectus Partners LLC now owns 12,705 shares of the company’s stock valued at $924,000 after purchasing an additional 200 shares during the period. Allworth Financial LP grew its position in Procore Technologies by 48.2% in the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after purchasing an additional 204 shares during the last quarter. Vident Advisory LLC grew its position in Procore Technologies by 6.0% in the 4th quarter. Vident Advisory LLC now owns 3,860 shares of the company’s stock worth $281,000 after purchasing an additional 219 shares during the last quarter. Finally, George Kaiser Family Foundation increased its holdings in shares of Procore Technologies by 0.5% during the 4th quarter. George Kaiser Family Foundation now owns 52,306 shares of the company’s stock worth $3,805,000 after purchasing an additional 241 shares during the period. Institutional investors own 81.10% of the company’s stock.

Insiders Place Their Bets

In other Procore Technologies news, SVP William Fleming, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $58.95, for a total transaction of $589,500.00. Following the sale, the senior vice president owned 104,981 shares of the company’s stock, valued at $6,188,629.95. This represents a 8.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Connor Kevin J. O sold 15,386 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $54.93, for a total transaction of $845,152.98. Following the completion of the sale, the director owned 946,746 shares of the company’s stock, valued at $52,004,757.78. The trade was a 1.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 231,892 shares of company stock valued at $11,613,268. 16.80% of the stock is currently owned by corporate insiders.

Procore Technologies Stock Performance

Shares of NYSE PCOR opened at $57.93 on Friday. The stock has a market cap of $8.80 billion, a PE ratio of -222.81 and a beta of 0.74. The business has a fifty day moving average of $52.40 and a two-hundred day moving average of $51.86. Procore Technologies, Inc. has a 52-week low of $38.03 and a 52-week high of $82.32.

Procore Technologies (NYSE:PCORGet Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $375.21 million during the quarter, compared to analysts’ expectations of $365.82 million. Procore Technologies had a negative net margin of 2.73% and a positive return on equity of 0.71%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Analysts predict that Procore Technologies, Inc. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of Procore Technologies in a research note on Tuesday, July 21st. Piper Sandler cut their price target on Procore Technologies from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Zacks Research upgraded Procore Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday. TD Cowen decreased their price objective on Procore Technologies from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Finally, BMO Capital Markets boosted their price objective on Procore Technologies from $56.00 to $67.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Procore Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $70.44.

Get Our Latest Research Report on PCOR

Procore Technologies Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Procore Technologies (NYSE:PCOR)

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