Procore Technologies, Inc. $PCOR Stock Holdings Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its position in Procore Technologies, Inc. (NYSE:PCOR) by 95.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,043 shares of the company’s stock after selling 150,883 shares during the period. Russell Investments Group Ltd.’s holdings in Procore Technologies were worth $465,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PCOR. Ancora Advisors LLC boosted its holdings in shares of Procore Technologies by 10,625.0% during the fourth quarter. Ancora Advisors LLC now owns 858 shares of the company’s stock worth $64,000 after purchasing an additional 850 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Procore Technologies by 174.2% during the first quarter. Versant Capital Management Inc now owns 1,001 shares of the company’s stock worth $66,000 after purchasing an additional 636 shares during the period. Signaturefd LLC boosted its holdings in shares of Procore Technologies by 53.4% during the first quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock worth $79,000 after purchasing an additional 419 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Procore Technologies by 66.6% during the first quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock worth $82,000 after purchasing an additional 497 shares during the period. Finally, FORA Capital LLC acquired a new stake in shares of Procore Technologies during the fourth quarter worth approximately $202,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PCOR. KeyCorp raised their price target on shares of Procore Technologies from $77.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Piper Sandler raised their price target on shares of Procore Technologies from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Citizens Jmp cut shares of Procore Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 1st. Stifel Nicolaus raised their price target on shares of Procore Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Mizuho lifted their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.06.

Procore Technologies Price Performance

NYSE PCOR opened at $69.55 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $10.45 billion, a PE ratio of -72.45 and a beta of 0.90. The company has a 50 day moving average price of $69.09 and a two-hundred day moving average price of $68.43. Procore Technologies, Inc. has a 12-month low of $52.78 and a 12-month high of $88.92.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. The firm had revenue of $323.92 million during the quarter, compared to analysts’ expectations of $311.91 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. Procore Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Transactions at Procore Technologies

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 2,500 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $65.33, for a total transaction of $163,325.00. Following the completion of the transaction, the executive owned 208,288 shares of the company’s stock, valued at $13,607,455.04. The trade was a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J.G. Griffith sold 309,168 shares of the business’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $64.76, for a total transaction of $20,021,719.68. Following the transaction, the director directly owned 1,893,458 shares of the company’s stock, valued at approximately $122,620,340.08. This represents a 14.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 664,449 shares of company stock worth $43,235,011. Corporate insiders own 21.50% 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.