Versor Investments LP bought a new position in Procore Technologies, Inc. (NYSE:PCOR – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,760 shares of the company’s stock, valued at approximately $508,000.
Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in Procore Technologies in the 1st quarter worth approximately $31,000. US Bancorp DE grew its stake in Procore Technologies by 330.3% in the third quarter. US Bancorp DE now owns 753 shares of the company’s stock worth $37,000 after purchasing an additional 578 shares during the period. Captrust Financial Advisors grew its stake in Procore Technologies by 55.8% in the second quarter. Captrust Financial Advisors now owns 916 shares of the company’s stock worth $42,000 after purchasing an additional 328 shares during the period. Advisors Asset Management Inc. purchased a new stake in Procore Technologies in the first quarter worth $42,000. Finally, Lazard Asset Management LLC grew its stake in Procore Technologies by 611.8% in the third quarter. Lazard Asset Management LLC now owns 1,267 shares of the company’s stock worth $62,000 after purchasing an additional 1,089 shares during the period. Institutional investors own 82.50% of the company’s stock.
Insider Buying and Selling
In related news, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $56.22, for a total transaction of $288,296.16. Following the completion of the transaction, the director now directly owns 1,535,154 shares of the company’s stock, valued at $86,306,357.88. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Benjamin C. Singer sold 4,564 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $64.25, for a total value of $293,237.00. Following the completion of the sale, the insider now directly owns 136,374 shares of the company’s stock, valued at approximately $8,762,029.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $56.22, for a total value of $288,296.16. Following the sale, the director now directly owns 1,535,154 shares of the company’s stock, valued at $86,306,357.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,945 shares of company stock worth $9,338,086. 40.00% of the stock is owned by corporate insiders.
Procore Technologies Stock Performance
Analysts Set New Price Targets
Several equities research analysts recently weighed in on PCOR shares. Mizuho upped their price target on Procore Technologies from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 17th. JMP Securities boosted their target price on Procore Technologies from $70.00 to $75.00 in a report on Friday, February 17th. Barclays boosted their target price on Procore Technologies from $61.00 to $72.00 in a report on Friday, February 17th. Loop Capital started coverage on Procore Technologies in a report on Thursday, December 22nd. They set a “buy” rating and a $70.00 price target on the stock. Finally, DA Davidson started coverage on Procore Technologies in a report on Tuesday, March 21st. They issued a “buy” rating and a $72.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.62.
About Procore Technologies
Procore Technologies, Inc provides 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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.
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