Curi RMB Capital LLC Has $6.54 Million Position in Procore Technologies, Inc. (NYSE:PCOR)

Curi RMB Capital LLC raised its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,909 shares of the company’s stock after purchasing an additional 15,846 shares during the quarter. Curi RMB Capital LLC owned approximately 0.07% of Procore Technologies worth $6,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PCOR. Vanguard Group Inc. boosted its holdings in shares of Procore Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,299,147 shares of the company’s stock worth $764,111,000 after buying an additional 94,190 shares during the period. XN LP boosted its holdings in shares of Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company’s stock worth $186,215,000 after acquiring an additional 1,411,812 shares during the period. Dragoneer Investment Group LLC grew its position in shares of Procore Technologies by 254.0% in the second 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 last quarter. Assenagon Asset Management S.A. bought a new position in shares of Procore Technologies during the third quarter worth approximately $88,572,000. Finally, Robeco Schweiz AG lifted its holdings in shares of Procore Technologies by 20.1% during the second quarter. Robeco Schweiz AG now owns 1,315,000 shares of the company’s stock worth $87,198,000 after buying an additional 220,000 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Procore Technologies

In other news, Director Connor Kevin J. O sold 25,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the sale, the director now directly owns 1,380,078 shares of the company’s stock, valued at approximately $79,395,887.34. This represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Howard Fu sold 1,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $71.75, for a total transaction of $107,625.00. Following the sale, the chief financial officer now directly owns 171,997 shares in the company, valued at $12,340,784.75. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,695 shares of company stock worth $8,283,143. 29.00% of the stock is currently owned by insiders.

Procore Technologies Price Performance

Shares of Procore Technologies stock opened at $71.61 on Friday. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $83.35. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $62.23 and its 200 day moving average is $63.85.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. Sell-side analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on PCOR shares. Macquarie reissued a “neutral” rating and issued a $70.00 price objective on shares of Procore Technologies in a report on Tuesday, July 30th. DA Davidson reissued a “neutral” rating and set a $60.00 price target on shares of Procore Technologies in a research report on Wednesday, October 2nd. Robert W. Baird initiated coverage on Procore Technologies in a report on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Procore Technologies from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, BMO Capital Markets decreased their price target on Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.94.

About Procore Technologies

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.