Procore Technologies, Inc. (NYSE:PCOR) Shares Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC increased its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 11.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,607 shares of the company’s stock after buying an additional 799 shares during the quarter. Diversify Wealth Management LLC’s holdings in Procore Technologies were worth $469,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PCOR. GAMMA Investing LLC grew its holdings in shares of Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after buying an additional 175 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Procore Technologies during the third quarter valued at $26,000. Signaturefd LLC grew its holdings in shares of Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after buying an additional 216 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of Procore Technologies during the second quarter valued at $51,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 25,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the sale, the director now owns 1,380,078 shares in the company, valued at approximately $79,395,887.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Connor Kevin J. O sold 25,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the sale, the director now owns 1,380,078 shares of the company’s stock, valued at $79,395,887.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $62.88, for a total transaction of $322,448.64. Following the completion of the sale, the director now directly owns 1,345,464 shares of the company’s stock, valued at approximately $84,602,776.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,748 shares of company stock worth $5,661,056. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Performance

PCOR opened at $65.66 on Friday. Procore Technologies, Inc. has a twelve month low of $48.11 and a twelve month high of $83.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.55. The company has a 50-day moving average price of $59.99 and a 200 day moving average price of $63.94.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.55%. The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Equities research analysts predict that Procore Technologies, Inc. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PCOR. Scotiabank dropped their price objective on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Friday, August 2nd. Piper Sandler upped their price target on shares of Procore Technologies from $63.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets lowered their price target on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Robert W. Baird began coverage on shares of Procore Technologies in a report on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 price target on the stock. Finally, Baird R W raised shares of Procore Technologies to a “strong-buy” rating in a report on Tuesday, September 24th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Procore Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $69.94.

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.