Circle Wealth Management LLC Raises Stock Holdings in Procore Technologies, Inc. $PCOR
Circle Wealth Management LLC increased its stake in Procore Technologies, Inc. by 85.8% in Q1, owning 12,656 shares valued at $836,000. Other institutional investors also raised their stakes. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of $83.06. Procore's recent earnings report showed a positive EPS of $0.35, exceeding estimates, with revenue up 13.9% year-over-year. The stock opened at $64.66, with a 52-week range of $52.78 to $88.92.
Circle Wealth Management LLC raised its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 85.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,656 shares of the company's stock after purchasing an additional 5,846 shares during the quarter. Circle Wealth Management LLC's holdings in Procore Technologies were worth $836,000 at the end of the most recent quarter.
- Reversal in play for Procore Technologies
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC boosted its stake in shares of Procore Technologies by 10,625.0% during the 4th quarter. Ancora Advisors LLC now owns 858 shares of the company's stock valued at $64,000 after buying an additional 850 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of 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 in the last quarter. GeoWealth Management LLC bought a new position in Procore Technologies during the 4th quarter worth approximately $78,000. Signaturefd LLC lifted its stake in Procore Technologies by 53.4% during the first quarter. Signaturefd LLC now owns 1,203 shares of the company's stock worth $79,000 after purchasing an additional 419 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Procore Technologies by 66.6% during the first quarter. GAMMA Investing LLC now owns 1,243 shares of the company's stock valued at $82,000 after purchasing an additional 497 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Scotiabank reduced their price target on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. KeyCorp increased their price objective on shares of Procore Technologies from $77.00 to $81.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Piper Sandler lifted their target price on Procore Technologies from $75.00 to $82.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Citizens Jmp cut Procore Technologies from an "outperform" rating to a "market perform" rating in a research report on Friday, August 1st. Finally, Mizuho raised their price target on Procore Technologies from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.06.
View Our Latest Analysis on PCOR
Procore Technologies Price Performance
Shares of NYSE:PCOR opened at $64.6640 on Friday. Procore Technologies, Inc. has a 52 week low of $52.78 and a 52 week 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. The firm has a market capitalization of $9.71 billion, a P/E ratio of -67.36 and a beta of 0.90. The firm's 50 day moving average is $68.86 and its two-hundred day moving average is $68.86.
Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The company had revenue of $323.92 million during the quarter, compared to analyst estimates of $311.91 million. Procore Technologies had a negative return on equity of 7.66% and a negative net margin of 11.58%.The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Procore Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.
Insider Buying and Selling at Procore Technologies
In other news, major shareholder Iconiq Strategic Partners Iv, sold 192,803 shares of Procore Technologies stock in a transaction on Friday, June 13th. The stock was sold at an average price of $64.76, for a total transaction of $12,485,922.28. Following the transaction, the insider directly owned 3,137,255 shares in the company, valued at approximately $203,168,633.80. This trade represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J.G. Griffith sold 309,168 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $64.76, for a total transaction of $20,021,719.68. Following the completion of the sale, the director owned 1,893,458 shares in the company, valued at approximately $122,620,340.08. This trade represents a 14.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 659,447 shares of company stock valued at $42,916,391. 21.50% of the stock is currently owned by company insiders.
Procore Technologies Profile
(Free Report)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.
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