Wilson Asset Management International PTY Ltd. Buys Shares of 118,351 Procore Technologies, Inc. $PCOR

Wilson Asset Management International PTY Ltd. purchased a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 118,351 shares of the company’s stock, valued at approximately $8,630,000. Procore Technologies comprises approximately 2.1% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 21st biggest holding. Wilson Asset Management International PTY Ltd. owned approximately 0.08% of Procore Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC grew its holdings in Procore Technologies by 465.2% during the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock valued at $28,000 after purchasing an additional 321 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Procore Technologies during the 3rd quarter valued at about $34,000. Jones Financial Companies Lllp increased its holdings in Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after acquiring an additional 199 shares in the last quarter. First Horizon Corp bought a new stake in Procore Technologies during the 3rd quarter worth approximately $49,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Procore Technologies during the third quarter valued at approximately $57,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Price Performance

NYSE:PCOR opened at $51.27 on Monday. The business’s 50-day moving average is $69.75 and its 200 day moving average is $70.62. Procore Technologies, Inc. has a 12 month low of $49.40 and a 12 month high of $88.92. The company has a market capitalization of $7.97 billion, a P/E ratio of -61.03 and a beta of 0.89. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02.

Insider Transactions at Procore Technologies

In other news, Director Connor Kevin J. O sold 36,196 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $78.06, for a total transaction of $2,825,459.76. Following the sale, the director directly owned 1,071,749 shares in the company, valued at approximately $83,660,726.94. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Lawrence Joseph Stack sold 10,000 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $75.30, for a total transaction of $753,000.00. Following the completion of the transaction, the executive directly owned 184,128 shares of the company’s stock, valued at approximately $13,864,838.40. The trade was a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 668,703 shares of company stock valued at $48,534,058 in the last 90 days. Company insiders own 21.50% of the company’s stock.

Wall Street Analyst Weigh In

PCOR has been the subject of a number of analyst reports. William Blair reissued an “outperform” rating on shares of Procore Technologies in a research note on Friday, October 17th. Piper Sandler increased their price target on Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. UBS Group lowered their price objective on Procore Technologies from $87.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. DA Davidson raised Procore Technologies to a “hold” rating in a research note on Friday, November 7th. Finally, KeyCorp decreased their target price on Procore Technologies from $91.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.53.

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. 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.