Procore Technologies, Inc. $PCOR Shares Acquired by Vanderbilt University

Vanderbilt University lifted its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 13.6% in the second quarter, Holdings Channel reports. The institutional investor owned 65,574 shares of the company’s stock after acquiring an additional 7,838 shares during the quarter. Procore Technologies comprises approximately 0.8% of Vanderbilt University’s holdings, making the stock its 23rd largest position. Vanderbilt University’s holdings in Procore Technologies were worth $4,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Procore Technologies by 277.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock valued at $35,000 after purchasing an additional 385 shares during the last quarter. SVB Wealth LLC acquired a new stake in Procore Technologies in the 1st quarter valued at approximately $49,000. Hilltop National Bank acquired a new stake in Procore Technologies in the 2nd quarter valued at approximately $62,000. Versant Capital Management Inc increased its holdings in Procore Technologies by 174.2% in the 1st quarter. Versant Capital Management Inc now owns 1,001 shares of the company’s stock valued at $66,000 after purchasing an additional 636 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in Procore Technologies by 53.4% in the 1st quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock valued at $79,000 after purchasing an additional 419 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Transactions at Procore Technologies

In other news, Director Connor Kevin J. O sold 7,692 shares of Procore Technologies stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $72.57, for a total transaction of $558,208.44. Following the completion of the sale, the director directly owned 1,123,329 shares of the company’s stock, valued at approximately $81,519,985.53. The trade was a 0.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Benjamin C. Singer sold 1,036 shares of the business’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $75.00, for a total transaction of $77,700.00. Following the completion of the sale, the insider directly owned 85,330 shares of the company’s stock, valued at approximately $6,399,750. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 44,649 shares of company stock valued at $3,164,856. Insiders own 21.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PCOR shares. Barclays lifted their target price on shares of Procore Technologies from $72.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. KeyCorp raised their price target on shares of Procore Technologies from $77.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. BMO Capital Markets raised their price target on shares of Procore Technologies from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. JMP Securities reissued a “market perform” rating and issued a $95.00 price target on shares of Procore Technologies in a research report on Friday, August 1st. Finally, Piper Sandler raised their price target on shares of Procore Technologies from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.06.

Procore Technologies Price Performance

Procore Technologies stock opened at $71.76 on Friday. The stock has a market cap of $10.78 billion, a P/E ratio of -74.74 and a beta of 0.90. The company has a fifty day simple moving average of $69.00 and a 200-day simple moving average of $67.65. Procore Technologies, Inc. has a 12-month low of $53.71 and a 12-month high of $88.92. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $323.92 million during the quarter, compared to analysts’ expectations of $311.91 million. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. Procore Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

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.