Westfield Capital Management Co. LP Has $59.64 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Westfield Capital Management Co. LP lifted its position in Procore Technologies, Inc. (NYSE:PCOR) by 39.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 966,215 shares of the company’s stock after purchasing an additional 272,030 shares during the quarter. Westfield Capital Management Co. LP owned 0.65% of Procore Technologies worth $59,635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after buying an additional 175 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Procore Technologies during the third quarter valued at approximately $26,000. Signaturefd LLC grew its stake in shares of Procore Technologies by 52.0% in the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the period. Rothschild Investment LLC acquired a new position in shares of Procore Technologies in the 2nd quarter worth approximately $51,000. Finally, International Assets Investment Management LLC lifted its position in shares of Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after buying an additional 789 shares during the period. 81.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PCOR. Macquarie reissued a “neutral” rating and set a $70.00 price objective on shares of Procore Technologies in a report on Tuesday, July 30th. The Goldman Sachs Group raised their price objective on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Procore Technologies from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on Procore Technologies from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, November 18th. Finally, Piper Sandler raised their price objective on shares of Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.25.

Insider Transactions at Procore Technologies

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the transaction, the senior vice president now owns 75,120 shares in the company, valued at $5,314,740. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Howard Fu sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $71.75, for a total value of $107,625.00. Following the sale, the chief financial officer now directly owns 171,997 shares in the company, valued at $12,340,784.75. This represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 109,053 shares of company stock worth $7,426,909 in the last ninety days. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Up 1.9 %

PCOR stock opened at $76.68 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $83.35. The business’s 50-day moving average price is $64.19 and its two-hundred day moving average price is $63.92.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. On average, research analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Procore Technologies Company 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.