97,200 Shares in Procore Technologies, Inc. (NYSE:PCOR) Acquired by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC bought a new stake in Procore Technologies, Inc. (NYSE:PCOR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 97,200 shares of the company’s stock, valued at approximately $5,999,000. Zweig DiMenna Associates LLC owned 0.07% of Procore Technologies as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Tanager Wealth Management LLP boosted its holdings in Procore Technologies by 1.2% during the 2nd quarter. Tanager Wealth Management LLP now owns 12,579 shares of the company’s stock valued at $834,000 after acquiring an additional 150 shares during the period. GAMMA Investing LLC boosted its stake 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 purchasing an additional 175 shares during the period. Taylor Frigon Capital Management LLC grew its holdings in shares of Procore Technologies by 0.3% in the second quarter. Taylor Frigon Capital Management LLC now owns 53,845 shares of the company’s stock valued at $3,570,000 after purchasing an additional 180 shares in the last quarter. Signaturefd LLC increased its stake in Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after buying an additional 216 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Procore Technologies by 26.2% during the 1st quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock worth $103,000 after buying an additional 260 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on PCOR shares. Macquarie restated a “neutral” rating and issued a $70.00 price target on shares of Procore Technologies in a research note on Tuesday, July 30th. Scotiabank cut their price target on Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Friday, August 2nd. Barclays increased their price target on Procore Technologies from $54.00 to $64.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. KeyCorp lowered their price objective on Procore Technologies from $79.00 to $68.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Procore Technologies in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.13.

Procore Technologies Trading Up 2.4 %

Shares of Procore Technologies stock opened at $63.12 on Friday. The company has a fifty day simple moving average of $59.56 and a 200-day simple moving average of $64.38. Procore Technologies, Inc. has a 12-month low of $48.11 and a 12-month high of $83.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.03. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of -100.19 and a beta of 0.73.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The company had revenue of $284.30 million for the quarter, compared to analyst estimates of $275.26 million. During the same quarter last year, the company posted ($0.28) earnings per share. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, equities analysts forecast that Procore Technologies, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $62.88, for a total value of $322,448.64. Following the completion of the sale, the director now directly owns 1,345,464 shares of the company’s stock, valued at approximately $84,602,776.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Procore Technologies news, Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $62.88, for a total value of $322,448.64. Following the transaction, the director now directly owns 1,345,464 shares in the company, valued at approximately $84,602,776.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Connor Kevin J. O sold 3,846 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $53.65, for a total transaction of $206,337.90. Following the sale, the director now owns 1,444,313 shares of the company’s stock, valued at $77,487,392.45. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 96,748 shares of company stock valued at $5,661,056 over the last quarter. Company insiders own 29.00% of the company’s stock.

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.