47,371 Shares in Procore Technologies, Inc. (NYSE:PCOR) Purchased by Vanderbilt University

Vanderbilt University bought a new stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 47,371 shares of the company's stock, valued at approximately $2,924,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 valued at $764,111,000 after acquiring an additional 94,190 shares during the period. XN LP boosted its stake in Procore Technologies by 101.1% during the 2nd quarter. XN LP now owns 2,808,251 shares of the company's stock valued at $186,215,000 after purchasing an additional 1,411,812 shares in the last quarter. Dragoneer Investment Group LLC increased its position in shares of Procore Technologies by 254.0% during 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 period. Assenagon Asset Management S.A. bought a new stake in shares of Procore Technologies in the 3rd quarter worth $88,572,000. Finally, Robeco Schweiz AG lifted its holdings in shares of Procore Technologies by 20.1% in the second quarter. Robeco Schweiz AG now owns 1,315,000 shares of the company's stock valued at $87,198,000 after buying an additional 220,000 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Insider Activity at Procore Technologies

In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 793,123 shares of the company's stock, valued at $46,905,294.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 793,123 shares of the company's stock, valued at approximately $46,905,294.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Howard Fu sold 7,922 shares of the business'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 value of $468,507.08. Following the completion of the sale, the chief financial officer now owns 173,497 shares of the company's stock, valued at approximately $10,260,612.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,748 shares of company stock valued at $5,661,056. 29.00% of the stock is currently owned by corporate insiders.

Procore Technologies Trading Down 1.4 %

Procore Technologies stock traded down $0.91 during trading hours on Monday, hitting $61.89. The company had a trading volume of 2,014,808 shares, compared to its average volume of 1,527,551. Procore Technologies, Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $83.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $59.67 and its 200-day moving average is $64.10.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.14. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The firm had revenue of $284.30 million for the quarter, compared to the consensus estimate of $275.26 million. During the same quarter in the previous year, the company posted ($0.28) earnings per share. The business's quarterly revenue was up 24.4% compared to the same quarter last year. Research analysts anticipate that Procore Technologies, Inc. will post -0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

PCOR has been the topic of several research reports. Piper Sandler dropped their price target on shares of Procore Technologies from $74.00 to $63.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Scotiabank dropped their target price on shares of Procore Technologies from $90.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, August 2nd. TD Cowen raised their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the stock a "buy" rating in a report on Monday. Stifel Nicolaus dropped their price target on Procore Technologies from $85.00 to $63.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Finally, DA Davidson reissued a "neutral" rating and set a $60.00 price objective on shares of Procore Technologies in a research note on Wednesday, October 2nd. Six 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. According to data from MarketBeat, Procore Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $69.19.

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.