Harbor Capital Advisors Inc. Has $1.44 Million Stock Position in Procore Technologies, Inc. $PCOR

Harbor Capital Advisors Inc. lowered its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 71.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,798 shares of the company’s stock after selling 49,832 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Procore Technologies were worth $1,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Procore Technologies by 304.5% during the third quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock valued at $112,000 after buying an additional 1,157 shares in the last quarter. Curated Wealth Partners LLC increased its holdings in shares of Procore Technologies by 12.7% during the 3rd quarter. Curated Wealth Partners LLC now owns 3,367 shares of the company’s stock valued at $246,000 after acquiring an additional 379 shares during the last quarter. Hilltop National Bank raised its stake in shares of Procore Technologies by 65.6% in the 3rd quarter. Hilltop National Bank now owns 1,492 shares of the company’s stock valued at $109,000 after acquiring an additional 591 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Procore Technologies by 76.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,037,974 shares of the company’s stock worth $294,449,000 after purchasing an additional 1,750,998 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Procore Technologies by 10.2% during the second quarter. Corient Private Wealth LLC now owns 5,091 shares of the company’s stock worth $348,000 after purchasing an additional 470 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Insider Activity

In other Procore Technologies news, Director Connor Kevin J. O sold 9,615 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $75.13, for a total value of $722,374.95. Following the sale, the director owned 1,052,519 shares of the company’s stock, valued at $79,075,752.47. The trade was a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Howard Fu sold 796 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $74.42, for a total transaction of $59,238.32. Following the transaction, the chief financial officer directly owned 179,051 shares of the company’s stock, valued at $13,324,975.42. The trade was a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 690,703 shares of company stock valued at $50,314,544. 21.50% of the stock is owned by insiders.

Procore Technologies Stock Up 0.4%

PCOR stock opened at $74.54 on Friday. Procore Technologies, Inc. has a twelve month low of $53.71 and a twelve month high of $88.92. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The company has a market cap of $11.59 billion, a PE ratio of -88.73 and a beta of 0.90. The business’s 50-day simple moving average is $74.53 and its 200 day simple moving average is $71.36.

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

Wall Street Analyst Weigh In

PCOR has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. BMO Capital Markets upped their price target on shares of Procore Technologies from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Procore Technologies in a research note on Wednesday, October 8th. DA Davidson raised Procore Technologies to a “hold” rating in a research report on Friday, November 7th. Finally, Wall Street Zen raised Procore Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.67.

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. 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 Execution, 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.