Circle Wealth Management LLC Has $345,000 Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

Circle Wealth Management LLC increased its stake in Procore Technologies, Inc. (NYSE:PCOR) by 25.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,591 shares of the company’s stock after buying an additional 1,137 shares during the quarter. Circle Wealth Management LLC’s holdings in Procore Technologies were worth $345,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PCOR. Park Avenue Securities LLC increased its position in Procore Technologies by 16.9% during the second quarter. Park Avenue Securities LLC now owns 8,741 shares of the company’s stock worth $580,000 after buying an additional 1,266 shares during the last quarter. M&G Plc raised its stake in Procore Technologies by 12.4% in the 2nd quarter. M&G Plc now owns 120,626 shares of the company’s stock valued at $7,961,000 after acquiring an additional 13,334 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Procore Technologies by 39.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock valued at $59,635,000 after purchasing an additional 272,030 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its position in Procore Technologies by 30.2% during the third quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock worth $7,825,000 after purchasing an additional 29,431 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Procore Technologies by 118.0% in the second quarter. SG Americas Securities LLC now owns 17,466 shares of the company’s stock valued at $1,158,000 after purchasing an additional 9,454 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Insider Transactions at Procore Technologies

In related news, Director Kathryn Bueker sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $78.01, for a total transaction of $507,065.00. Following the completion of the transaction, the director now directly owns 23,932 shares in the company, valued at $1,866,935.32. This represents a 21.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $1,617,374.40. Following the completion of the transaction, the chief executive officer now directly owns 770,458 shares of the company’s stock, valued at approximately $54,979,882.88. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,553 shares of company stock valued at $7,933,974. Corporate insiders own 29.00% of the company’s stock.

Procore Technologies Price Performance

Shares of NYSE:PCOR opened at $81.20 on Friday. The firm has a 50 day moving average of $66.45 and a 200-day moving average of $64.42. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $83.35. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $12.07 billion, a PE ratio of -162.40 and a beta of 0.71.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. On average, equities research analysts predict that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on PCOR shares. BMO Capital Markets lifted their target price on shares of Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. KeyCorp boosted their price objective on Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. The Goldman Sachs Group increased their target price on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Piper Sandler boosted their price target on Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, DA Davidson increased their price objective on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.25.

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.