Diversify Wealth Management LLC Acquires 799 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Diversify Wealth Management LLC raised its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 11.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,607 shares of the company’s stock after acquiring an additional 799 shares during the quarter. Diversify Wealth Management LLC’s holdings in Procore Technologies were worth $469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 stake in shares of Procore Technologies in the third quarter worth about $26,000. Signaturefd LLC increased its holdings in shares of Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after purchasing an additional 216 shares during the last quarter. International Assets Investment Management LLC increased its holdings 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 worth $49,000 after purchasing an additional 789 shares during the last quarter. Finally, Rothschild Investment LLC bought a new stake in shares of Procore Technologies in the second quarter worth about $51,000. 81.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Scotiabank reduced their target price 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. KeyCorp dropped their price target 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. Baird R W upgraded Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. TD Cowen lifted their price target on Procore Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group lifted their price target on Procore Technologies from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday. Six equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.94.

Procore Technologies Stock Performance

Shares of NYSE:PCOR opened at $65.66 on Friday. The business has a 50 day simple moving average of $59.99 and a two-hundred day simple moving average of $63.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.55 and a current ratio of 1.55. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $83.35.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.55%. The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Equities analysts anticipate that Procore Technologies, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other news, SVP William Fred Fleming, Jr. sold 2,707 shares of Procore Technologies stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $160,091.98. Following the completion of the sale, the senior vice president now owns 79,156 shares of the company’s stock, valued at approximately $4,681,285.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Connor Kevin J. O sold 3,846 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $53.84, for a total value of $207,068.64. Following the completion of the transaction, the director now owns 1,436,621 shares of the company’s stock, valued at $77,347,674.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William Fred Fleming, Jr. sold 2,707 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total transaction of $160,091.98. Following the completion of the transaction, the senior vice president now directly owns 79,156 shares of the company’s stock, valued at $4,681,285.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,748 shares of company stock valued at $5,661,056. Corporate 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.