Holocene Advisors LP Raises Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

Holocene Advisors LP boosted its position in Procore Technologies, Inc. (NYSE:PCOR) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,873,343 shares of the company’s stock after purchasing an additional 21,234 shares during the quarter. Holocene Advisors LP owned about 1.26% of Procore Technologies worth $115,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased 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 worth $25,000 after purchasing an additional 175 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Procore Technologies in the 3rd quarter worth $26,000. Signaturefd LLC lifted its holdings in shares of Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after acquiring an additional 216 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after acquiring an additional 789 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Procore Technologies in the second quarter worth $51,000. 81.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Procore Technologies news, Director Connor Kevin J. O sold 8,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.06, for a total value of $521,030.44. Following the transaction, the director now directly owns 1,371,104 shares of the company’s stock, valued at approximately $79,606,298.24. This trade represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $1,617,374.40. Following the sale, the chief executive officer now directly owns 770,458 shares of the company’s stock, valued at $54,979,882.88. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,553 shares of company stock worth $7,933,974. 29.00% of the stock is owned by corporate insiders.

Procore Technologies Price Performance

Shares of PCOR opened at $81.20 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $12.07 billion, a PE ratio of -162.40 and a beta of 0.71. The firm’s 50-day simple moving average is $66.45 and its two-hundred day simple moving average is $64.40. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $83.35.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on PCOR shares. Robert W. Baird assumed coverage on Procore Technologies in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 target price for the company. KeyCorp boosted their price objective on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Stifel Nicolaus increased their target price on shares of Procore Technologies from $70.00 to $84.00 and gave the company a “buy” rating in a report on Friday, November 22nd. BMO Capital Markets boosted their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, JMP Securities raised their price objective on Procore Technologies from $75.00 to $90.00 and gave the company a “market outperform” rating in a research note on Monday. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.65.

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.