Qsemble Capital Management LP Has $1.30 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Qsemble Capital Management LP trimmed its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 13.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,027 shares of the company’s stock after selling 3,397 shares during the quarter. Qsemble Capital Management LP’s holdings in Procore Technologies were worth $1,298,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PCOR. Advisors Asset Management Inc. raised its holdings in 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 during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Procore Technologies by 1.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,152 shares of the company’s stock worth $2,395,000 after acquiring an additional 495 shares during the last quarter. California State Teachers Retirement System lifted its position in Procore Technologies by 3.0% in the 1st quarter. California State Teachers Retirement System now owns 91,995 shares of the company’s stock valued at $7,559,000 after acquiring an additional 2,690 shares in the last quarter. Tidal Investments LLC acquired a new position in Procore Technologies during the 1st quarter valued at about $248,000. Finally, Comerica Bank increased its holdings in Procore Technologies by 3.2% during the 1st quarter. Comerica Bank now owns 53,227 shares of the company’s stock worth $4,374,000 after purchasing an additional 1,663 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Stock Performance

NYSE:PCOR opened at $80.24 on Tuesday. The company has a market capitalization of $11.93 billion, a P/E ratio of -160.48 and a beta of 0.71. The business has a fifty day simple moving average of $64.64 and a two-hundred day simple moving average of $64.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $83.35.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analysts’ expectations of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. On average, analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In other news, SVP William Fred Fleming, Jr. sold 15,000 shares of Procore Technologies stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.75, for a total value of $1,061,250.00. Following the completion of the transaction, the senior vice president now directly owns 75,120 shares in the company, valued at approximately $5,314,740. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $58.48, for a total value of $299,885.44. Following the sale, the director now owns 1,360,848 shares in the company, valued at approximately $79,582,391.04. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,053 shares of company stock valued at $7,426,909 over the last quarter. Company insiders own 29.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JMP Securities dropped their target price on Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a report on Thursday, October 31st. DA Davidson raised their price objective on Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday. TD Cowen upped their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday. Canaccord Genuity Group increased their target price on shares of Procore Technologies from $67.00 to $83.00 and gave the company a “buy” rating in a report on Friday. Finally, Scotiabank boosted their price target on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

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.