Silvercrest Asset Management Group LLC Has $2.40 Million Position in Procore Technologies, Inc. (NYSE:PCOR)

Silvercrest Asset Management Group LLC boosted its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 1.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,152 shares of the company’s stock after purchasing an additional 495 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Procore Technologies were worth $2,395,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PCOR. International Assets Investment Management LLC boosted its stake in Procore Technologies by 6,823.1% in the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company’s stock worth $62,000 after purchasing an additional 887 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Procore Technologies during the fourth quarter worth about $62,000. Advisors Asset Management Inc. grew its holdings in shares of Procore Technologies by 26.2% during the first quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock worth $103,000 after buying an additional 260 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Procore Technologies by 30.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,266 shares of the company’s stock valued at $104,000 after buying an additional 297 shares during the last quarter. Finally, Covestor Ltd raised its position in Procore Technologies by 29.3% in the 1st quarter. Covestor Ltd now owns 1,324 shares of the company’s stock valued at $109,000 after buying an additional 300 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $70.81 on Wednesday. Procore Technologies, Inc. has a 52 week low of $48.11 and a 52 week high of $83.35. The company has a 50-day simple moving average of $66.94 and a 200 day simple moving average of $71.49. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.04.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.15. Procore Technologies had a negative return on equity of 8.25% and a negative net margin of 13.64%. The company had revenue of $269.43 million during the quarter, compared to analysts’ expectations of $263.13 million. As a group, equities analysts forecast that Procore Technologies, Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 3,188 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $70.17, for a total transaction of $223,701.96. Following the transaction, the senior vice president now owns 87,248 shares in the company, valued at approximately $6,122,192.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Craig F. Jr. Courtemanche sold 22,483 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $70.17, for a total value of $1,577,632.11. Following the completion of the sale, the chief executive officer now directly owns 866,718 shares in the company, valued at $60,817,602.06. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP William Fred Fleming, Jr. sold 3,188 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $70.17, for a total value of $223,701.96. Following the transaction, the senior vice president now owns 87,248 shares in the company, valued at approximately $6,122,192.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 238,511 shares of company stock valued at $16,024,349. Insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PCOR. Barclays decreased their price target on shares of Procore Technologies from $83.00 to $78.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Stifel Nicolaus lowered their price target on shares of Procore Technologies from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. JPMorgan Chase & Co. boosted their price target on shares of Procore Technologies from $86.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 2nd. TD Cowen began coverage on Procore Technologies in a report on Wednesday, June 12th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $85.00 target price on shares of Procore Technologies in a report on Tuesday, June 11th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.67.

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.