Zweig DiMenna Associates LLC Purchases New Shares in Procore Technologies, Inc. (NYSE:PCOR)

Zweig DiMenna Associates LLC bought a new position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 97,200 shares of the company's stock, valued at approximately $5,999,000. Zweig DiMenna Associates LLC owned 0.07% of Procore Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tanager Wealth Management LLP grew its position in Procore Technologies by 1.2% during the second quarter. Tanager Wealth Management LLP now owns 12,579 shares of the company's stock valued at $834,000 after buying an additional 150 shares during the period. GAMMA Investing LLC lifted its position in shares of Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company's stock valued at $25,000 after buying an additional 175 shares in the last quarter. Taylor Frigon Capital Management LLC grew its stake in shares of Procore Technologies by 0.3% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 53,845 shares of the company's stock valued at $3,570,000 after acquiring an additional 180 shares during the period. Signaturefd LLC lifted its holdings in Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company's stock valued at $42,000 after purchasing an additional 216 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Procore Technologies by 26.2% in the first quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company's stock worth $103,000 after purchasing an additional 260 shares during the period. 81.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Procore Technologies

In other news, SVP William Fred Fleming, Jr. sold 2,707 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total transaction of $160,091.98. Following the sale, the senior vice president now owns 79,156 shares in the company, valued at approximately $4,681,285.84. The trade was 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 accessible through this hyperlink. In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,707 shares of Procore Technologies stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Connor Kevin J. O sold 3,846 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $53.65, for a total value of $206,337.90. Following the completion of the transaction, the director now directly owns 1,444,313 shares in the company, valued at $77,487,392.45. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,748 shares of company stock valued at $5,661,056. 29.00% of the stock is currently owned by insiders.

Procore Technologies Trading Down 0.5 %

PCOR stock traded down $0.32 during midday trading on Friday, reaching $62.80. The company's stock had a trading volume of 1,408,188 shares, compared to its average volume of 1,525,198. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $83.35. The stock has a fifty day simple moving average of $59.56 and a two-hundred day simple moving average of $64.38. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of -100.19 and a beta of 0.73. 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 (NYSE:PCOR - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The business had revenue of $284.30 million during the quarter, compared to analysts' expectations of $275.26 million. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.28) EPS. On average, equities research analysts predict that Procore Technologies, Inc. will post -0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PCOR shares. Barclays increased their price target on Procore Technologies from $54.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. DA Davidson reissued a "neutral" rating and issued a $60.00 price target on shares of Procore Technologies in a report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of Procore Technologies from $90.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Piper Sandler lowered their target price on shares of Procore Technologies from $74.00 to $63.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Finally, JMP Securities dropped their target price on shares of Procore Technologies from $93.00 to $82.00 and set a "market outperform" rating for the company in a research report on Friday, August 2nd. Six equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.13.

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.