Procore Technologies, Inc. $PCOR Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 438.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,089 shares of the company’s stock after acquiring an additional 24,502 shares during the period. Squarepoint Ops LLC’s holdings in Procore Technologies were worth $2,059,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of Procore Technologies during the 4th quarter worth approximately $511,000. LPL Financial LLC increased its position in Procore Technologies by 16.0% during the first quarter. LPL Financial LLC now owns 27,142 shares of the company’s stock worth $1,792,000 after buying an additional 3,743 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Procore Technologies during the first quarter worth $238,000. American Century Companies Inc. raised its holdings in shares of Procore Technologies by 2.2% in the first quarter. American Century Companies Inc. now owns 26,244 shares of the company’s stock worth $1,733,000 after acquiring an additional 555 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of Procore Technologies by 10.0% in the first quarter. Cresset Asset Management LLC now owns 4,352 shares of the company’s stock valued at $287,000 after acquiring an additional 396 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procore Technologies news, Chairman Craig F. Jr. Courtemanche sold 300,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $71.91, for a total transaction of $21,573,000.00. Following the completion of the sale, the chairman directly owned 677,796 shares in the company, valued at $48,740,310.36. The trade was a 30.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Lawrence Joseph Stack sold 10,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $75.30, for a total transaction of $753,000.00. Following the completion of the sale, the executive directly owned 184,128 shares of the company’s stock, valued at $13,864,838.40. The trade was a 5.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 691,739 shares of company stock worth $50,389,537. 21.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PCOR has been the subject of several analyst reports. Wall Street Zen raised shares of Procore Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Canaccord Genuity Group upped their price objective on shares of Procore Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. William Blair restated an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. DA Davidson raised shares of Procore Technologies to a “hold” rating in a research note on Friday, November 7th. Finally, Piper Sandler increased their price target on Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Procore Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $84.67.

Procore Technologies Stock Performance

NYSE:PCOR opened at $74.38 on Friday. The company has a market cap of $11.56 billion, a P/E ratio of -88.55 and a beta of 0.90. The firm’s 50 day moving average is $74.13 and its two-hundred day moving average is $71.06. Procore Technologies, Inc. has a fifty-two week low of $53.71 and a fifty-two week high of $88.92. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. Procore Technologies had a negative return on equity of 6.18% and a negative net margin of 9.84%.The firm had revenue of $172.21 million for the quarter. Analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current year.

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.