Procore Technologies, Inc. (NYSE:PCOR) Shares Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,901 shares of the company’s stock after buying an additional 170 shares during the period. Ellsworth Advisors LLC’s holdings in Procore Technologies were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PCOR. Vanguard Group Inc. boosted its position in Procore Technologies by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,538,670 shares of the company’s stock valued at $557,746,000 after buying an additional 995,757 shares during the last quarter. California Public Employees Retirement System raised its holdings in Procore Technologies by 31.8% in the third quarter. California Public Employees Retirement System now owns 139,326 shares of the company’s stock valued at $9,101,000 after acquiring an additional 33,590 shares in the last quarter. Rhumbline Advisers grew its holdings in Procore Technologies by 1.9% during the 3rd quarter. Rhumbline Advisers now owns 111,137 shares of the company’s stock worth $7,259,000 after acquiring an additional 2,073 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Procore Technologies in the 3rd quarter valued at about $2,922,000. Finally, Nomura Asset Management Co. Ltd. acquired a new position in Procore Technologies in the third quarter worth about $7,328,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Procore Technologies Trading Up 0.7 %

PCOR stock traded up $0.54 during trading on Thursday, hitting $82.17. The company had a trading volume of 993,289 shares, compared to its average volume of 1,214,575. The firm has a 50-day moving average price of $75.59 and a 200-day moving average price of $67.37. Procore Technologies, Inc. has a 12 month low of $48.11 and a 12 month high of $83.35. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of -61.78 and a beta of 0.70.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.13. Procore Technologies had a negative return on equity of 12.26% and a negative net margin of 19.97%. The business had revenue of $260.04 million for the quarter, compared to analysts’ expectations of $248.20 million. As a group, analysts predict that Procore Technologies, Inc. will post -0.64 earnings per share for the current year.

Analysts Set New Price Targets

PCOR has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $95.00 price target on shares of Procore Technologies in a research report on Thursday, March 14th. KeyCorp upped their price target on shares of Procore Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, February 16th. BMO Capital Markets lifted their target price on shares of Procore Technologies from $76.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Stifel Nicolaus lifted their target price on Procore Technologies from $64.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, The Goldman Sachs Group boosted their price target on Procore Technologies from $74.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Procore Technologies has an average rating of “Moderate Buy” and an average target price of $81.86.

Insider Buying and Selling

In other news, insider Benjamin C. Singer sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the sale, the insider now directly owns 127,318 shares of the company’s stock, valued at approximately $8,912,260. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Howard Fu sold 1,457 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $81.19, for a total value of $118,293.83. Following the sale, the chief financial officer now directly owns 137,237 shares of the company’s stock, valued at approximately $11,142,272.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Benjamin C. Singer sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the sale, the insider now owns 127,318 shares in the company, valued at $8,912,260. The disclosure for this sale can be found here. Insiders sold a total of 465,949 shares of company stock valued at $35,424,998 over the last three months. Company insiders own 39.20% of the company’s stock.

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.