Vise Technologies Inc. Acquires New Shares in Procore Technologies, Inc. $PCOR

Vise Technologies Inc. bought a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,287 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Procore Technologies by 277.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock worth $35,000 after purchasing an additional 385 shares during the period. SVB Wealth LLC bought a new position in Procore Technologies in the first quarter worth approximately $49,000. Hilltop National Bank purchased a new stake in Procore Technologies during the second quarter worth $62,000. Signaturefd LLC boosted its position in Procore Technologies by 53.4% during the 1st quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock valued at $79,000 after acquiring an additional 419 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Procore Technologies by 58.7% in the 1st quarter. AlphaQuest LLC now owns 1,858 shares of the company’s stock valued at $123,000 after acquiring an additional 687 shares during the period. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Piper Sandler lifted their target price on Procore Technologies from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Stifel Nicolaus lifted their price target on shares of Procore Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Robert W. Baird increased their price objective on Procore Technologies from $88.00 to $93.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. KeyCorp boosted their target price on Procore Technologies from $81.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, DA Davidson upgraded Procore Technologies to a “hold” rating in a research note on Friday, November 7th. Fifteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Procore Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.26.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $75.23 on Monday. The business has a fifty day moving average of $73.05 and a 200 day moving average of $70.00. Procore Technologies, Inc. has a 1 year low of $53.71 and a 1 year high of $88.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of -89.87 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) earnings per share for the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. The firm had revenue of $172.21 million during the quarter. As a group, research analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insider Activity at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 36,196 shares of Procore Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $78.06, for a total transaction of $2,825,459.76. Following the completion of the sale, the director directly owned 1,071,749 shares in the company, valued at approximately $83,660,726.94. The trade was a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William Fred Fleming, Jr. sold 22,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $78.77, for a total transaction of $1,732,940.00. Following the completion of the sale, the senior vice president directly owned 63,309 shares in the company, valued at $4,986,849.93. This trade represents a 25.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,035 shares of company stock worth $7,928,717 in the last ninety days. 21.50% of the stock is owned by company insiders.

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.