Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 423,114 shares of the company’s stock after selling 9,769 shares during the quarter. Loomis Sayles & Co. L P owned 0.28% of Procore Technologies worth $26,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PCOR. GAMMA Investing LLC boosted its holdings in Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Procore Technologies in the 3rd quarter valued at approximately $26,000. Signaturefd LLC lifted its holdings 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 second quarter valued at approximately $51,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $1,617,374.40. Following the transaction, the chief executive officer now directly owns 770,458 shares of the company’s stock, valued at approximately $54,979,882.88. This trade represents a 2.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $58.48, for a total value of $299,885.44. Following the sale, the director now directly owns 1,360,848 shares of the company’s stock, valued at approximately $79,582,391.04. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,053 shares of company stock valued at $7,426,909. Insiders own 29.00% of the company’s stock.

Procore Technologies Trading Up 0.1 %

Shares of Procore Technologies stock opened at $80.28 on Wednesday. The firm has a market cap of $11.93 billion, a PE ratio of -160.52 and a beta of 0.71. 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, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $83.35. The business’s fifty day moving average is $64.64 and its two-hundred day moving average is $64.00.

Procore Technologies (NYSE:PCOR) last released its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $295.89 million for the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. Analysts anticipate that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen raised their target price on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 22nd. The Goldman Sachs Group upped their target price on Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Barclays lifted their price target on Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Macquarie reissued a “neutral” rating and issued a $70.00 price objective on shares of Procore Technologies in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group raised their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday, November 18th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.25.

About Procore Technologies

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.