Benjamin C. Singer Profits from Selling 1000 Shares of Procore Technologies,
December 20, 2023
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Benjamin C. Singer recently made a profit after disposing of 1000 shares of Procore Technologies ($NYSE:PCOR), Inc. stock. Procore Technologies, Inc. is a leading provider of cloud-based project management and construction software, designed to help companies in the construction industry collaborate more effectively and efficiently. They offer a suite of applications that include document management, task management, financial management, and safety management.
In addition, Procore also offers mobile access to its platform, allowing customers to access information from any device. Recently, Procore Technologies has seen an increase in its stock price as a result of the company’s success and innovative technology.
Market Price
This has likely been a factor in the rise of their stock prices, due to the need for their services in an ever-growing construction industry. As Procore Technologies continues to expand and grow, it is likely that its stock price will remain steady or increase further. For Benjamin C. Singer, Monday’s sale appears to have been made at the right time, enabling him to profit from his investment in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Procore Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 892.02 | -231.36 | -25.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Procore Technologies. More…
| Operations | Investing | Financing |
| 73.96 | -60.37 | 36.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Procore Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.78k | 659.25 | 7.89 |
Key Ratios Snapshot
Some of the financial key ratios for Procore Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.4% | – | -25.7% |
| FCF Margin | ROE | ROA |
| 3.3% | -12.8% | -8.0% |
Analysis
GoodWhale has analyzed PROCORE TECHNOLOGIES‘s financials and applied the Star Chart to determine their intermediate health score of 6/10. This score suggests that the company is likely to sustain future operations in times of crisis. On the other hand, PROCORE TECHNOLOGIES’s asset and growth performance are strong, while their dividend and profitability performance are weak. Given PROCORE TECHNOLOGIES’s performance, GoodWhale has classified them as a ‘cheetah’ company. This type of company is one that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Investors who may be interested in this type of company could include those with a high-risk appetite, who are willing to take the chance that PROCORE TECHNOLOGIES may become more profitable and stable in the long run. Other investors who may be interested in this type of company could include those who may be willing to take a short-term approach, looking for a quick return on their investment. More…
Peers
The company offers a cloud-based platform that enables users to collaborate and communicate with project teams, manage project documents and files, and track project progress. Procore’s competitors include Ramco Systems Ltd, Nemetschek SE, and RenoWorks Software Inc.
– Ramco Systems Ltd ($BSE:532370)
Ramco Systems Ltd is an Indian multinational enterprise software company headquartered in Chennai, India. The company specializes in enterprise resource planning (ERP), enterprise asset management (EAM), and human capital management (HCM) software. As of 2022, the company has a market capitalization of 7.88 billion dollars and a return on equity of -11.06%. The company was founded in 1998 and employs over 4,000 people.
– Nemetschek SE ($LTS:0FDT)
Nemetschek SE is a publicly traded company with a market capitalization of 5.65 billion as of 2022. The company has a return on equity of 22.14%. Nemetschek SE is a global provider of software solutions for the architecture, engineering, and construction industries. The company’s software products are used by architects, engineers, and construction professionals to design, engineer, and construct buildings and infrastructure.
– RenoWorks Software Inc ($TSXV:RW)
RenoWorks Software Inc is a Canadian company that provides home improvement software. The company has a market cap of 9.56M as of 2022 and a return on equity of -80.79%. The company’s software is designed to help homeowners and contractors with the planning and execution of home improvement projects.
Summary
Procore Technologies, Inc. is a rapidly growing software company that provides cloud-based construction management services. Recent investor activity suggests confidence in the company’s ability to continue their growth. Investors should keep an eye on Procore Technologies, Inc. as it continues to expand and develop its product offerings, as well as its customer base.
Investors should also be mindful of the potential for increased competition in the space. It is important to do thorough research and analyze the company’s financials and market position before investing.
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