Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 66.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,534 shares of the company's stock after selling 11,181 shares during the quarter. Bridgewater Associates LP's holdings in Procore Technologies were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 175 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Procore Technologies during the 3rd quarter valued at about $26,000. Signaturefd LLC boosted its stake in shares of Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company's stock worth $42,000 after buying an additional 216 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock worth $49,000 after acquiring an additional 789 shares during the period. Finally, Rothschild Investment LLC purchased a new position in Procore Technologies during the second quarter valued at approximately $51,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Procore Technologies news, Director Kathryn Bueker sold 6,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $78.01, for a total transaction of $507,065.00. Following the transaction, the director now owns 23,932 shares of the company's stock, valued at $1,866,935.32. This trade represents a 21.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $1,617,374.40. Following the completion of the sale, the chief executive officer now owns 770,458 shares of the company's stock, valued at $54,979,882.88. This trade represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,553 shares of company stock worth $7,933,974. 29.00% of the stock is owned by corporate insiders.

Procore Technologies Price Performance

Procore Technologies stock traded up $1.85 during trading hours on Tuesday, hitting $82.67. The stock had a trading volume of 2,163,358 shares, compared to its average volume of 1,613,856. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of -165.34 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $83.35. The stock's fifty day moving average is $66.88 and its two-hundred day moving average is $64.43.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. As a group, analysts predict that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on PCOR shares. Robert W. Baird began coverage on shares of Procore Technologies in a report on Tuesday, September 24th. They set an "outperform" rating and a $73.00 price target on the stock. Baird R W upgraded Procore Technologies to a "strong-buy" rating in a research report on Tuesday, September 24th. KeyCorp upped their price target on Procore Technologies from $68.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. JMP Securities raised their price objective on Procore Technologies from $75.00 to $90.00 and gave the company a "market outperform" rating in a report on Monday. Finally, DA Davidson upped their target price on Procore Technologies from $60.00 to $70.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.65.

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.