639 Shares in Procore Technologies, Inc. (NASDAQ:PCOR) Acquired by First Horizon Advisors Inc. – Defense World
Posted by admin on Aug 21st, 2022 
First Horizon Advisors Inc. bought a new position in shares of Procore Technologies, Inc. (NASDAQ:PCOR – Get Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 639 shares of the company’s stock, valued at approximately $37,000.
Other hedge funds have also added to or reduced their stakes in the company. Advisor Group Holdings Inc. boosted its position in Procore Technologies by 52.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,144 shares of the company’s stock worth $172,000 after buying an additional 738 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Procore Technologies during the 1st quarter worth approximately $135,000. First Republic Investment Management Inc. acquired a new stake in Procore Technologies during the 4th quarter worth approximately $210,000. Evoke Wealth LLC acquired a new stake in Procore Technologies during the 4th quarter worth approximately $274,000. Finally, First Bank & Trust boosted its position in Procore Technologies by 22.6% during the 1st quarter. First Bank & Trust now owns 3,885 shares of the company’s stock worth $225,000 after buying an additional 717 shares during the period. 91.35% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on PCOR shares. Jefferies Financial Group lowered their price target on shares of Procore Technologies from $90.00 to $75.00 in a report on Monday, May 23rd. Wolfe Research started coverage on shares of Procore Technologies in a report on Tuesday, August 16th. They set a “peer perform” rating for the company. KeyCorp raised their price target on shares of Procore Technologies from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, August 4th. Barclays lowered their price target on shares of Procore Technologies from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Finally, Oppenheimer raised their price target on shares of Procore Technologies from $60.00 to $70.00 in a report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $79.20.
Shares of PCOR opened at $58.85 on Friday. The business’s 50-day moving average price is $51.39 and its 200-day moving average price is $53.84. Procore Technologies, Inc. has a twelve month low of $40.00 and a twelve month high of $105.29. The stock has a market cap of $7.98 billion, a PE ratio of -28.99 and a beta of 0.61. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.04.
In other news, insider Benjamin C. Singer sold 6,453 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $42.79, for a total transaction of $276,123.87. Following the sale, the insider now directly owns 166,699 shares in the company, valued at $7,133,050.21. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Benjamin C. Singer sold 6,453 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $42.79, for a total value of $276,123.87. Following the transaction, the insider now directly owns 166,699 shares in the company, valued at $7,133,050.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William Fred Fleming, Jr. sold 1,698 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $42.79, for a total transaction of $72,657.42. Following the completion of the transaction, the senior vice president now owns 67,159 shares in the company, valued at $2,873,733.61. The disclosure for this sale can be found here. Insiders have sold a total of 149,742 shares of company stock worth $7,392,431 over the last ninety days. Company insiders own 40.00% of the company’s stock.
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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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