Jennison Associates LLC Sells 694,022 Shares of Procore Technologies, Inc.
| PCOR Stock | USD 81.20 0.25 0.31% |
Slightly above 55% of Procore Technologies' retail investors are presently thinking to get in. The analysis of the overall prospects from investing in Procore Technologies suggests that some traders are, at the present time, interested. Procore Technologies' investing sentiment overview a quick insight into current market opportunities from investing in Procore Technologies. Many technical investors use Procore Technologies stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Procore |
Jennison Associates LLC lowered its position in shares of Procore Technologies, Inc. by 72.8 percent in the 3rd quarter, according to its most recent 13F filing with the Securities Exchange Commission. The firm owned 259,604 shares of the companys stock after selling 694,022 shares during the period. Jennison Associates LLCs holdings
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Procore Technologies Current Investor Sentiment
Panic Vs Confidence
55
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Procore Technologies' input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Procore Technologies.
News SentimentBullish | Hype SentimentBearish | Insider SentimentDisposing |
Procore Technologies Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Procore Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Procore Technologies Historical Investor Sentiment
Investor biases related to Procore Technologies' public news can be used to forecast risks associated with an investment in Procore. The trend in average sentiment can be used to explain how an investor holding Procore can time the market purely based on public headlines and social activities around Procore Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Procore Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Procore Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Procore Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Procore Technologies.
Procore Technologies Fundamental Analysis
We analyze Procore Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Procore Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Procore Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
Procore Technologies is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Procore Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Procore Technologies stock to make a market-neutral strategy. Peer analysis of Procore Technologies could also be used in its relative valuation, which is a method of valuing Procore Technologies by comparing valuation metrics with similar companies.
Peers
Procore Technologies Related Equities
| MLNK | Meridianlink | 1.88 | ||||
| PEGA | Pegasystems | 0.49 | ||||
| ALKT | Alkami Technology | 0.48 | ||||
| NCNO | NCino | 0.26 | ||||
| FROG | Jfrog | 0.1 | ||||
| ENV | Envestnet | 0.00 | ||||
| PYCR | Paycor HCM | 0.39 | ||||
| CWAN | Clearwater Analytics | 0.42 | ||||
| JAMF | Jamf Holding | 0.54 | ||||
| MANH | Manhattan Associates | 0.78 | ||||
| PAYC | Paycom Soft | 1.31 |
Additional Tools for Procore Stock Analysis
When running Procore Technologies' price analysis, check to measure Procore Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Procore Technologies is operating at the current time. Most of Procore Technologies' value examination focuses on studying past and present price action to predict the probability of Procore Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Procore Technologies' price. Additionally, you may evaluate how the addition of Procore Technologies to your portfolios can decrease your overall portfolio volatility.