Olympiad Research LP Has $611,000 Stock Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Olympiad Research LP boosted its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 42.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,899 shares of the company’s stock after purchasing an additional 2,947 shares during the quarter. Olympiad Research LP’s holdings in Procore Technologies were worth $611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Procore Technologies during the 3rd quarter worth about $26,000. Signaturefd LLC raised its stake in shares of Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after acquiring an additional 216 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after purchasing an additional 789 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in Procore Technologies during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PCOR. Scotiabank lowered their target price on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating for the company in a report on Friday, August 2nd. Macquarie reiterated a “neutral” rating and issued a $70.00 price target on shares of Procore Technologies in a report on Tuesday, July 30th. Baird R W raised Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets reduced their target price on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Procore Technologies from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. 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. According to MarketBeat, Procore Technologies has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Insider Activity

In other news, Director Connor Kevin J. O sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the sale, the director now directly owns 1,380,078 shares of the company’s stock, valued at $79,395,887.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP William Fred Fleming, Jr. sold 2,707 shares of Procore Technologies stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total transaction of $160,091.98. Following the completion of the sale, the senior vice president now directly owns 79,156 shares of the company’s stock, valued at approximately $4,681,285.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Connor Kevin J. O sold 25,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the sale, the director now owns 1,380,078 shares of the company’s stock, valued at $79,395,887.34. This trade 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 102,573 shares of company stock valued at $6,083,333 over the last three months. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Performance

PCOR opened at $71.38 on Thursday. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $83.35. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of -142.76 and a beta of 0.71. The business has a 50 day moving average of $60.57 and a 200-day moving average of $63.78. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

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