Intellectus Partners LLC Has $842,000 Position in Procore Technologies, Inc. $PCOR

Intellectus Partners LLC increased its stake in Procore Technologies, Inc. (NYSE:PCOR) by 135.3% in the 2nd quarter, Holdings Channel reports. The firm owned 12,305 shares of the company’s stock after purchasing an additional 7,075 shares during the period. Intellectus Partners LLC’s holdings in Procore Technologies were worth $842,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in Procore Technologies by 89.5% in the 1st quarter. Teacher Retirement System of Texas now owns 19,957 shares of the company’s stock valued at $1,318,000 after buying an additional 9,428 shares during the last quarter. US Bancorp DE grew its holdings in Procore Technologies by 5.5% in the 2nd quarter. US Bancorp DE now owns 21,638 shares of the company’s stock valued at $1,480,000 after buying an additional 1,131 shares during the last quarter. GAMMA Investing LLC grew its holdings in Procore Technologies by 66.6% in the 1st quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock valued at $82,000 after buying an additional 497 shares during the last quarter. Brown Advisory Inc. grew its holdings in Procore Technologies by 87.4% in the 1st quarter. Brown Advisory Inc. now owns 12,943 shares of the company’s stock valued at $854,000 after buying an additional 6,038 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Procore Technologies by 4.2% in the 1st quarter. Amalgamated Bank now owns 7,374 shares of the company’s stock valued at $487,000 after buying an additional 295 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Price Performance

Shares of PCOR stock opened at $74.27 on Tuesday. The stock’s fifty day simple moving average is $71.65 and its 200 day simple moving average is $69.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of -77.36 and a beta of 0.90. Procore Technologies, Inc. has a one year low of $53.71 and a one year high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. The company had revenue of $172.21 million during the quarter. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. On average, analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on PCOR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a report on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $82.00 target price on shares of Procore Technologies in a report on Tuesday, October 14th. Berenberg Bank started coverage on Procore Technologies in a report on Friday, October 3rd. They set a “buy” rating and a $84.00 price objective on the stock. Citizens Jmp lowered Procore Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, August 1st. Finally, William Blair restated an “outperform” rating on shares of Procore Technologies in a research note on Friday, October 17th. Fifteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and an average target price of $83.11.

Insider Activity at Procore Technologies

In related news, Director Connor Kevin J. O sold 7,692 shares of the business’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $70.56, for a total value of $542,747.52. Following the sale, the director owned 1,115,637 shares of the company’s stock, valued at $78,719,346.72. The trade was a 0.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Benjamin C. Singer sold 1,036 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $75.00, for a total value of $77,700.00. Following the completion of the sale, the insider directly owned 85,330 shares in the company, valued at approximately $6,399,750. This represents a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,724 shares of company stock valued at $2,122,519 in the last 90 days. 21.50% of the stock is owned by corporate insiders.

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.