New York State Common Retirement Fund Buys 49,070 Shares of Procore Technologies, Inc. (NYSE:PCOR)

New York State Common Retirement Fund lifted its position in shares of Procore Technologies, Inc. (NYSE:PCORFree Report) by 42.5% in the 3rd quarter, Holdings Channel reports. The fund owned 164,439 shares of the company’s stock after buying an additional 49,070 shares during the quarter. New York State Common Retirement Fund’s holdings in Procore Technologies were worth $10,741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System lifted its holdings in Procore Technologies by 31.8% during the 3rd quarter. California Public Employees Retirement System now owns 139,326 shares of the company’s stock worth $9,101,000 after purchasing an additional 33,590 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in Procore Technologies during the 3rd quarter worth about $2,922,000. Nomura Asset Management Co. Ltd. purchased a new stake in Procore Technologies during the 3rd quarter worth about $7,328,000. Cadian Capital Management LP lifted its holdings in Procore Technologies by 302.5% during the 2nd quarter. Cadian Capital Management LP now owns 2,773,123 shares of the company’s stock worth $180,447,000 after purchasing an additional 2,084,166 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Procore Technologies by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 454,477 shares of the company’s stock worth $29,686,000 after purchasing an additional 17,111 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Procore Technologies Stock Up 1.0 %

PCOR opened at $72.54 on Thursday. The stock’s 50 day simple moving average is $67.45 and its 200 day simple moving average is $64.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.50. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $76.86.

Insider Buying and Selling

In other news, Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $71.79, for a total value of $368,139.12. Following the sale, the director now directly owns 1,532,781 shares in the company, valued at approximately $110,038,347.99. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $71.79, for a total value of $368,139.12. Following the sale, the director now directly owns 1,532,781 shares in the company, valued at approximately $110,038,347.99. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP William Fred Fleming, Jr. sold 3,381 shares of Procore Technologies stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $55.95, for a total value of $189,166.95. Following the completion of the sale, the senior vice president now owns 77,809 shares in the company, valued at $4,353,413.55. The disclosure for this sale can be found here. Insiders have sold a total of 320,906 shares of company stock worth $19,933,398 in the last ninety days. 39.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on PCOR. JMP Securities raised their price target on Procore Technologies from $69.00 to $81.00 and gave the company a “market outperform” rating in a report on Monday. Mizuho lowered their price target on Procore Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Jefferies Financial Group cut Procore Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $90.00 to $55.00 in a report on Thursday, November 2nd. Barclays lowered their price target on Procore Technologies from $87.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. raised their price target on Procore Technologies from $76.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $75.33.

Check Out Our Latest Report on Procore Technologies

Procore Technologies Profile

(Free Report)

Procore Technologies, Inc provides 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 Management, 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.

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Institutional Ownership by Quarter for Procore Technologies (NYSE:PCOR)

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