10,172 Shares in Procore Technologies, Inc. $PCOR Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new stake in Procore Technologies, Inc. (NYSE:PCOR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,172 shares of the company’s stock, valued at approximately $696,000.

A number of other institutional investors have also bought and sold shares of PCOR. US Bancorp DE increased its holdings in shares of Procore Technologies by 5.5% in the second quarter. US Bancorp DE now owns 21,638 shares of the company’s stock valued at $1,480,000 after purchasing an additional 1,131 shares during the last quarter. Fred Alger Management LLC boosted its stake in Procore Technologies by 15.4% during the first quarter. Fred Alger Management LLC now owns 38,349 shares of the company’s stock worth $2,532,000 after buying an additional 5,129 shares during the last quarter. Intellectus Partners LLC grew its holdings in Procore Technologies by 135.3% in the 2nd quarter. Intellectus Partners LLC now owns 12,305 shares of the company’s stock valued at $842,000 after buying an additional 7,075 shares in the last quarter. GC Wealth Management RIA LLC acquired a new stake in shares of Procore Technologies in the 2nd quarter worth $513,000. Finally, Brighton Jones LLC acquired a new stake in shares of Procore Technologies in the 4th quarter worth $511,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procore Technologies

In other news, Director Connor Kevin J. O sold 9,615 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $76.37, for a total transaction of $734,297.55. Following the completion of the transaction, the director directly owned 1,062,134 shares in the company, valued at $81,115,173.58. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Benjamin C. Singer sold 1,036 shares of Procore Technologies stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $75.00, for a total value of $77,700.00. Following the completion of the sale, the insider directly owned 85,330 shares of the company’s stock, valued at $6,399,750. The trade was a 1.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 97,343 shares of company stock worth $7,418,891 in the last three months. Company insiders own 21.50% of the company’s stock.

Procore Technologies Stock Up 0.7%

Shares of PCOR opened at $73.09 on Wednesday. The company’s 50-day moving average price is $73.15 and its 200 day moving average price is $70.13. Procore Technologies, Inc. has a 12-month low of $53.71 and a 12-month high of $88.92. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The firm has a market cap of $11.36 billion, a P/E ratio of -87.01 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PCOR shares. William Blair reissued an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. Wall Street Zen upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. KeyCorp increased their price target on shares of Procore Technologies from $81.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Robert W. Baird raised their price target on shares of Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, Citizens Jmp cut Procore Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 1st. Fifteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.26.

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.