Nuveen LLC Invests $26.22 Million in Procore Technologies, Inc. $PCOR

Nuveen LLC purchased a new position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 397,219 shares of the company's stock, valued at approximately $26,224,000. Nuveen LLC owned approximately 0.27% of Procore Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Investments LP increased its holdings in Procore Technologies by 5.3% in the 4th quarter. Two Sigma Investments LP now owns 4,181 shares of the company's stock worth $313,000 after acquiring an additional 210 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Procore Technologies by 1.7% in the 1st quarter. Park Avenue Securities LLC now owns 12,934 shares of the company's stock worth $854,000 after acquiring an additional 221 shares in the last quarter. Xponance Inc. increased its holdings in Procore Technologies by 1.8% in the 1st quarter. Xponance Inc. now owns 14,864 shares of the company's stock worth $981,000 after acquiring an additional 263 shares in the last quarter. Procyon Advisors LLC increased its holdings in Procore Technologies by 8.6% in the 1st quarter. Procyon Advisors LLC now owns 3,514 shares of the company's stock worth $232,000 after acquiring an additional 278 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Procore Technologies by 4.2% during the first quarter. Amalgamated Bank now owns 7,374 shares of the company's stock worth $487,000 after buying an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PCOR shares. JMP Securities reaffirmed a "market perform" rating and set a $95.00 target price on shares of Procore Technologies in a report on Friday, August 1st. BMO Capital Markets upped their target price on shares of Procore Technologies from $75.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Citizens Jmp lowered shares of Procore Technologies from an "outperform" rating to a "market perform" rating in a report on Friday, August 1st. UBS Group dropped their target price on shares of Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Mizuho upped their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Procore Technologies has an average rating of "Moderate Buy" and a consensus price target of $83.06.

Insider Buying and Selling

In other Procore Technologies news, insider Benjamin C. Singer sold 4,500 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $75.00, for a total value of $337,500.00. Following the transaction, the insider owned 97,557 shares of the company's stock, valued at $7,316,775. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Connor Kevin J. O sold 8,035 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $72.36, for a total transaction of $581,412.60. Following the completion of the transaction, the director directly owned 1,154,097 shares in the company, valued at $83,510,458.92. The trade was a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 656,755 shares of company stock valued at $42,751,179 over the last three months. Company insiders own 21.50% of the company's stock.

Procore Technologies Trading Down 0.8%

Shares of PCOR traded down $0.5550 during mid-day trading on Tuesday, reaching $65.5550. The stock had a trading volume of 846,275 shares, compared to its average volume of 2,390,023. The business's fifty day moving average is $68.90 and its 200 day moving average is $68.99. Procore Technologies, Inc. has a 52-week low of $52.78 and a 52-week high of $88.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of -68.29 and a beta of 0.90.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Procore Technologies had a negative net margin of 11.58% and a negative return on equity of 7.66%. The company had revenue of $323.92 million for the quarter, compared to analysts' expectations of $311.91 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Procore Technologies's revenue for the quarter was up 13.9% compared to the same quarter last year. Procore Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict 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.