WoodTrust Financial Corp Purchases New Holdings in Procore Technologies, Inc. (NYSE:PCOR)

WoodTrust Financial Corp acquired a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,250 shares of the company’s stock, valued at approximately $201,000.

Other large investors also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Procore Technologies by 30.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock valued at $104,000 after buying an additional 297 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Procore Technologies by 39.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,865 shares of the company’s stock valued at $400,000 after acquiring an additional 1,372 shares in the last quarter. SG Americas Securities LLC raised its holdings in Procore Technologies by 34.0% in the 1st quarter. SG Americas Securities LLC now owns 8,012 shares of the company’s stock valued at $658,000 after acquiring an additional 2,033 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Procore Technologies by 8.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 30,298 shares of the company’s stock worth $2,490,000 after purchasing an additional 2,462 shares in the last quarter. Finally, Highland Capital Management LLC acquired a new position in shares of Procore Technologies during the 1st quarter worth approximately $1,354,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird initiated coverage on Procore Technologies in a report on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 price target for the company. KeyCorp cut their target price on Procore Technologies from $79.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. The Goldman Sachs Group lowered their price target on shares of Procore Technologies from $85.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. BMO Capital Markets cut their price objective on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, TD Cowen lifted their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Procore Technologies Trading Down 0.3 %

PCOR opened at $71.16 on Friday. 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 firm has a market cap of $10.58 billion, a P/E ratio of -142.32 and a beta of 0.71. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $83.35. The business has a fifty day simple moving average of $60.57 and a 200-day simple moving average of $63.78.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The company had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. On average, equities analysts expect that Procore Technologies, Inc. will post -0.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Steven Scott Davis sold 9,671 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $65.00, for a total value of $628,615.00. Following the sale, the insider now directly owns 192,137 shares in the company, valued at approximately $12,488,905. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Steven Scott Davis sold 9,671 shares of Procore Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $65.00, for a total value of $628,615.00. Following the completion of the transaction, the insider now owns 192,137 shares in the company, valued at $12,488,905. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,438,250.00. Following the completion of the sale, the director now directly owns 1,380,078 shares in the company, valued at approximately $79,395,887.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 98,727 shares of company stock worth $5,876,264 over the last 90 days. Corporate insiders own 29.00% of the company’s stock.

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.