Norden Group LLC Sells 183 Shares of Procore Technologies, Inc. $PCOR

Norden Group LLC lowered its position in Procore Technologies, Inc. (NYSE:PCOR) by 5.2% during the 2nd quarter, Holdings Channel reports. The firm owned 3,331 shares of the company’s stock after selling 183 shares during the quarter. Norden Group LLC’s holdings in Procore Technologies were worth $228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Two Sigma Investments LP boosted its position in Procore Technologies by 5.3% during the 4th quarter. Two Sigma Investments LP now owns 4,181 shares of the company’s stock valued at $313,000 after acquiring an additional 210 shares in the last quarter. Park Avenue Securities LLC raised its stake in Procore Technologies by 1.7% in the 1st quarter. Park Avenue Securities LLC now owns 12,934 shares of the company’s stock worth $854,000 after acquiring an additional 221 shares during the last quarter. Xponance Inc. grew its position in Procore Technologies by 1.8% during the 1st quarter. Xponance Inc. now owns 14,864 shares of the company’s stock worth $981,000 after purchasing an additional 263 shares during the period. TFB Advisors LLC grew its position in Procore Technologies by 8.1% during the 1st quarter. TFB Advisors LLC now owns 3,543 shares of the company’s stock worth $234,000 after purchasing an additional 264 shares during the period. Finally, Procyon Advisors LLC grew its position in Procore Technologies by 8.6% during the 1st quarter. Procyon Advisors LLC now owns 3,514 shares of the company’s stock worth $232,000 after purchasing an additional 278 shares during the period. Institutional investors own 81.10% of the company’s stock.

Procore Technologies Price Performance

NYSE:PCOR opened at $73.54 on Friday. Procore Technologies, Inc. has a 52 week low of $53.71 and a 52 week high of $88.92. 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 $11.04 billion, a PE ratio of -76.60 and a beta of 0.90. The stock’s 50-day moving average price is $69.13 and its 200-day moving average price is $67.52.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Procore Technologies had a negative return on equity of 7.66% and a negative net margin of 11.58%.The company had revenue of $323.92 million for the quarter, compared to analysts’ expectations of $311.91 million. During the same period in the previous year, the firm posted $0.39 EPS. Procore Technologies’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 expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Howard Fu sold 796 shares of Procore Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $71.02, for a total value of $56,531.92. Following the sale, the chief financial officer directly owned 188,661 shares in the company, valued at approximately $13,398,704.22. The trade was a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Benjamin C. Singer sold 1,036 shares of Procore Technologies stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $75.00, for a total value of $77,700.00. Following the completion of the sale, the insider owned 85,330 shares in the company, valued at approximately $6,399,750. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,649 shares of company stock worth $3,164,856. Insiders own 21.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PCOR. JMP Securities reaffirmed a “market perform” rating and set a $95.00 price target on shares of Procore Technologies in a research report on Friday, August 1st. BMO Capital Markets increased their price target on Procore Technologies from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Barclays increased their price target on Procore Technologies from $72.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Monday, July 14th. DA Davidson began coverage on Procore Technologies in a research report on Monday, August 4th. They set a “neutral” rating and a $70.00 price target on the stock. Finally, Mizuho increased their price target on Procore Technologies from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.06.

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.