10,664 Shares in Procore Technologies, Inc. $PCOR Purchased by Exane Asset Management

Exane Asset Management purchased a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,664 shares of the company’s stock, valued at approximately $730,000. Procore Technologies accounts for approximately 0.3% of Exane Asset Management’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds also recently modified their holdings of PCOR. Teacher Retirement System of Texas increased its position in shares of Procore Technologies by 89.5% during the first quarter. Teacher Retirement System of Texas now owns 19,957 shares of the company’s stock valued at $1,318,000 after purchasing an additional 9,428 shares during the period. GAMMA Investing LLC boosted its stake in Procore Technologies by 66.6% during the first quarter. GAMMA Investing LLC now owns 1,243 shares of the company’s stock worth $82,000 after buying an additional 497 shares in the last quarter. Brown Advisory Inc. increased its holdings in Procore Technologies by 87.4% in the 1st quarter. Brown Advisory Inc. now owns 12,943 shares of the company’s stock valued at $854,000 after buying an additional 6,038 shares during the period. Amalgamated Bank raised its stake in shares of Procore Technologies by 4.2% in the 1st quarter. Amalgamated Bank now owns 7,374 shares of the company’s stock valued at $487,000 after buying an additional 295 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Procore Technologies by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,702 shares of the company’s stock worth $508,000 after acquiring an additional 613 shares during the period. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PCOR shares. KeyCorp upped their target price on shares of Procore Technologies from $77.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Barclays upped their price objective on Procore Technologies from $72.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. Stifel Nicolaus raised their target price on Procore Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. JMP Securities reiterated a “market perform” rating and issued a $95.00 price target on shares of Procore Technologies in a research report on Friday, August 1st. Finally, DA Davidson began coverage on Procore Technologies in a research note on Monday, August 4th. They set a “neutral” rating and a $70.00 price objective for the company. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.06.

Insiders Place Their Bets

In related news, insider Benjamin C. Singer sold 4,500 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $75.00, for a total value of $337,500.00. Following the completion of the transaction, the insider owned 97,557 shares in the company, valued at $7,316,775. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Connor Kevin J. O sold 8,035 shares of the company’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $72.36, for a total value of $581,412.60. Following the transaction, the director directly owned 1,154,097 shares in the company, valued at approximately $83,510,458.92. This represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,649 shares of company stock valued at $3,164,856. Insiders own 21.50% of the company’s stock.

Procore Technologies Trading Up 2.5%

Shares of PCOR opened at $73.54 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $11.04 billion, a price-to-earnings ratio of -76.60 and a beta of 0.90. The stock has a fifty day moving average price of $69.13 and a two-hundred day moving average price of $67.53. Procore Technologies, Inc. has a 52-week low of $53.71 and a 52-week high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Thursday, July 31st. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Procore Technologies had a negative return on equity of 7.66% and a negative net margin of 11.58%.The company had revenue of $323.92 million during the quarter, compared to analyst estimates of $311.91 million. During the same period last year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. Procore Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

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.