WoodTrust Financial Corp Buys New Stake in Procore Technologies, Inc. (NYSE:PCOR)

WoodTrust Financial Corp purchased a new stake in Procore Technologies, Inc. (NYSE:PCOR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,250 shares of the company’s stock, valued at approximately $201,000.

Several other large investors also recently bought and sold shares of PCOR. Dragoneer Investment Group LLC raised its position in Procore Technologies by 254.0% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock valued at $148,762,000 after purchasing an additional 1,609,607 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Procore Technologies in the third quarter valued at about $88,572,000. XN LP boosted its stake in shares of Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company’s stock worth $186,215,000 after buying an additional 1,411,812 shares during the period. Meritage Group LP purchased a new position in shares of Procore Technologies during the first quarter worth about $106,738,000. Finally, William Blair Investment Management LLC acquired a new position in Procore Technologies in the 1st quarter valued at about $91,158,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insiders Place Their Bets

In other news, insider Steven Scott Davis sold 9,671 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $65.00, for a total value of $628,615.00. Following the sale, the insider now directly owns 192,137 shares in the company, valued at $12,488,905. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Steven Scott Davis sold 9,671 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $65.00, for a total transaction of $628,615.00. Following the transaction, the insider now owns 192,137 shares of the company’s stock, valued at approximately $12,488,905. This represents 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, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the firm’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 $1,359,806.02. Following the sale, the chief executive officer now owns 793,123 shares in the company, valued at approximately $46,905,294.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,727 shares of company stock valued at $5,876,264. Corporate insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PCOR shares. JMP Securities decreased their price objective on Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating for the company in a research report on Thursday, October 31st. Robert W. Baird initiated coverage on shares of Procore Technologies in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 price objective on the stock. Baird R W upgraded shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. The Goldman Sachs Group lowered their target price on shares of Procore Technologies from $85.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, KeyCorp cut their price target on shares of Procore Technologies from $79.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.94.

Procore Technologies Trading Down 0.3 %

NYSE:PCOR opened at $71.16 on Friday. The company has a market capitalization of $10.58 billion, a PE ratio of -142.32 and a beta of 0.71. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $83.35. The stock has a fifty day simple moving average of $60.57 and a 200-day simple moving average of $63.78. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) EPS 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 2.51%. The business had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. On average, equities research analysts expect that Procore Technologies, Inc. will post -0.27 earnings per share for the current fiscal 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.