George Kaiser Family Foundation Buys New Position in Procore Technologies, Inc. (NYSE:PCOR)

George Kaiser Family Foundation purchased a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,928 shares of the company’s stock, valued at approximately $1,415,000. Procore Technologies makes up about 0.2% of George Kaiser Family Foundation’s holdings, making the stock its 16th biggest position.

Other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in shares of Procore Technologies by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock valued at $259,000 after acquiring an additional 143 shares in the last quarter. Tanager Wealth Management LLP boosted its position in shares of Procore Technologies by 1.2% in the second quarter. Tanager Wealth Management LLP now owns 12,579 shares of the company’s stock worth $834,000 after buying an additional 150 shares during the period. GAMMA Investing LLC raised its position in Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after buying an additional 175 shares during the period. Taylor Frigon Capital Management LLC boosted its position in Procore Technologies by 0.3% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 53,845 shares of the company’s stock worth $3,570,000 after acquiring an additional 180 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procore Technologies

In related news, major shareholder Iconiq Strategic Partners Ii, sold 12,340 shares of Procore Technologies stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $71.04, for a total transaction of $876,633.60. Following the sale, the insider now directly owns 2,284,989 shares in the company, valued at approximately $162,325,618.56. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total value of $1,359,806.02. Following the completion of the transaction, the chief executive officer now owns 793,123 shares of the company’s stock, valued at $46,905,294.22. This trade represents a 2.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,695 shares of company stock valued at $6,844,893 over the last ninety days. Corporate insiders own 29.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “hold” rating in a report on Monday. Scotiabank dropped their target price on shares of Procore Technologies from $90.00 to $70.00 and set a “sector outperform” rating for the company in a research report on Friday, August 2nd. BMO Capital Markets lowered their price objective on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus reduced their target price on shares of Procore Technologies from $85.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of Procore Technologies from $64.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.25.

Procore Technologies Trading Down 0.0 %

PCOR stock opened at $69.12 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $62.82 and a two-hundred day simple moving average of $63.78. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $83.35.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The business had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Equities analysts forecast that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Procore Technologies 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.