Curi RMB Capital LLC Has $6.54 Million Position in Procore Technologies, Inc. (NYSE:PCOR)

Curi RMB Capital LLC increased its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 17.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,909 shares of the company's stock after purchasing an additional 15,846 shares during the quarter. Curi RMB Capital LLC owned 0.07% of Procore Technologies worth $6,537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PCOR. Vanguard Group Inc. grew its holdings in shares of Procore Technologies by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,299,147 shares of the company's stock worth $764,111,000 after buying an additional 94,190 shares in the last quarter. XN LP boosted its position in 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 acquiring an additional 1,411,812 shares during the last quarter. Dragoneer Investment Group LLC grew its stake 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 worth $148,762,000 after acquiring an additional 1,609,607 shares during the period. Assenagon Asset Management S.A. acquired a new position in Procore Technologies in the 3rd quarter valued at $88,572,000. Finally, Robeco Schweiz AG lifted its stake in shares of Procore Technologies by 20.1% during the 2nd quarter. Robeco Schweiz AG now owns 1,315,000 shares of the company's stock worth $87,198,000 after purchasing an additional 220,000 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Procore Technologies Stock Performance

Procore Technologies stock traded down $2.46 during trading hours on Friday, hitting $69.15. The stock had a trading volume of 2,132,541 shares, compared to its average volume of 1,575,321. The company has a market cap of $10.28 billion, a PE ratio of -137.08 and a beta of 0.71. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $83.35. The company has a 50-day moving average of $62.23 and a two-hundred day moving average of $63.85. 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 - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting analysts' consensus estimates of ($0.11). The firm had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. On average, equities research analysts anticipate that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Insider Activity

In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the company'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 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 represents a 2.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $70.47, for a total transaction of $361,370.16. Following the transaction, the director now owns 1,335,208 shares of the company's stock, valued at $94,092,107.76. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,695 shares of company stock valued at $8,283,143 in the last 90 days. 29.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Procore Technologies from $85.00 to $73.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. DA Davidson reiterated a "neutral" rating and issued a $60.00 target price on shares of Procore Technologies in a report on Wednesday, October 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 note on Friday, August 2nd. Scotiabank reduced their price objective on Procore Technologies from $90.00 to $70.00 and set a "sector outperform" rating on the stock in a research note on Friday, August 2nd. Finally, Baird R W raised shares of Procore Technologies to a "strong-buy" rating in a research report on Tuesday, September 24th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $69.94.

About Procore Technologies

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.