Raymond James & Associates Purchases 1,386 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Raymond James & Associates grew its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 3.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,982 shares of the company’s stock after acquiring an additional 1,386 shares during the period. Raymond James & Associates’ holdings in Procore Technologies were worth $2,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 Procore Technologies during the 3rd quarter valued at about $26,000. Signaturefd LLC grew its stake in shares of Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after buying an additional 216 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Procore Technologies in the 2nd quarter valued at approximately $51,000. Finally, Quarry LP lifted its holdings in shares of Procore Technologies by 984.6% in the 2nd quarter. Quarry LP now owns 1,128 shares of the company’s stock worth $75,000 after acquiring an additional 1,024 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling at Procore Technologies

In other 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 transaction, the insider now owns 192,137 shares of the company’s stock, valued at $12,488,905. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Connor Kevin J. O sold 3,846 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $53.65, for a total transaction of $206,337.90. Following the transaction, the director now owns 1,444,313 shares of the company’s stock, valued at approximately $77,487,392.45. 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 available through the SEC website. Also, insider Steven Scott Davis sold 9,671 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $65.00, for a total transaction of $628,615.00. Following the transaction, the insider now directly owns 192,137 shares in the company, valued at approximately $12,488,905. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,419 shares of company stock valued at $6,289,671. Company insiders own 29.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DA Davidson reiterated a “neutral” rating and set a $60.00 target price on shares of Procore Technologies in a report on Wednesday, October 2nd. Robert W. Baird initiated coverage on shares of Procore Technologies in a research note on Tuesday, September 24th. They set an “outperform” rating and a $73.00 price target on the stock. JMP Securities dropped their price objective on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 31st. KeyCorp dropped their price target on shares of Procore Technologies from $79.00 to $68.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, BMO Capital Markets dropped their price target on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.94.

Procore Technologies Price Performance

Shares of PCOR stock opened at $66.61 on Tuesday. The company has a market capitalization of $9.84 billion, a PE ratio of -133.22 and a beta of 0.71. The firm has a fifty day simple moving average of $60.20 and a 200-day simple moving average of $63.75. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $83.35.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $287.42 million. Equities research analysts anticipate that Procore Technologies, Inc. will post -0.28 earnings per share for the current fiscal year.

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.