Marble Harbor Investment Counsel LLC Buys 941 Shares of Procore Technologies, Inc. $PCOR

Marble Harbor Investment Counsel LLC lifted its position in Procore Technologies, Inc. (NYSE:PCOR) by 1.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 91,399 shares of the company’s stock after purchasing an additional 941 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Procore Technologies were worth $6,254,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in Procore Technologies by 1.8% in the 1st quarter. Xponance Inc. now owns 14,864 shares of the company’s stock valued at $981,000 after purchasing an additional 263 shares during the period. TFB Advisors LLC raised its position in shares of Procore Technologies by 8.1% in the first quarter. TFB Advisors LLC now owns 3,543 shares of the company’s stock worth $234,000 after buying an additional 264 shares in the last quarter. Allen Investment Management LLC boosted its stake in Procore Technologies by 7.3% during the first quarter. Allen Investment Management LLC now owns 5,133 shares of the company’s stock valued at $339,000 after buying an additional 348 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Procore Technologies by 277.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock worth $35,000 after buying an additional 385 shares in the last quarter. Finally, Cresset Asset Management LLC increased its stake in Procore Technologies by 10.0% in the 1st quarter. Cresset Asset Management LLC now owns 4,352 shares of the company’s stock worth $287,000 after acquiring an additional 396 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies Stock Performance

Procore Technologies stock opened at $78.87 on Wednesday. The firm has a fifty day simple moving average of $72.63 and a two-hundred day simple moving average of $69.74. Procore Technologies, Inc. has a twelve month low of $53.71 and a twelve month high of $88.92. The company has a market capitalization of $12.26 billion, a PE ratio of -93.89 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

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

Wall Street Analyst Weigh In

PCOR has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their target price on shares of Procore Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Procore Technologies in a report on Wednesday, October 8th. Piper Sandler lifted their price objective on shares of Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. KeyCorp increased their target price on Procore Technologies from $81.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Berenberg Bank initiated coverage on Procore Technologies in a research report on Friday, October 3rd. They set a “buy” rating and a $84.00 price target on the stock. Fifteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.26.

Insiders Place Their Bets

In other news, CFO Howard Fu sold 814 shares of the stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $72.34, for a total transaction of $58,884.76. Following the completion of the sale, the chief financial officer directly owned 187,847 shares in the company, valued at approximately $13,588,851.98. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 7,692 shares of Procore Technologies stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $70.56, for a total value of $542,747.52. Following the completion of the sale, the director owned 1,115,637 shares in the company, valued at approximately $78,719,346.72. This represents a 0.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,724 shares of company stock valued at $2,122,519 in the last quarter. Insiders own 21.50% of the company’s stock.

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.