Procore Technologies, Inc. (NYSE:PCOR) Stock Holdings Lifted by Alliancebernstein L.P.

Alliancebernstein L.P. grew its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 474.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,409,499 shares of the company's stock after acquiring an additional 1,164,074 shares during the period. Alliancebernstein L.P. owned about 0.95% of Procore Technologies worth $105,614,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after buying an additional 147 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Hilltop National Bank purchased a new stake in Procore Technologies during the 4th quarter worth about $53,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in Procore Technologies by 1,434.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock worth $54,000 after purchasing an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

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Procore Technologies Stock Performance

Shares of NYSE:PCOR traded up $0.38 during trading on Monday, reaching $57.70. 634,313 shares of the company's stock traded hands, compared to its average volume of 1,710,713. The stock has a market capitalization of $8.65 billion, a P/E ratio of -80.41 and a beta of 0.90. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92. The company has a 50 day moving average of $74.39 and a 200-day moving average of $72.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The company had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. On average, equities analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

PCOR has been the subject of several research analyst reports. Jefferies Financial Group decreased their price objective on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, March 31st. UBS Group raised their price target on Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Mizuho increased their price target on Procore Technologies from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, KeyCorp boosted their target price on Procore Technologies from $85.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Procore Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $89.65.

Insider Buying and Selling

In other news, CRO Lawrence Joseph Stack sold 12,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $82.92, for a total transaction of $995,040.00. Following the transaction, the executive now directly owns 161,368 shares of the company's stock, valued at approximately $13,380,634.56. This trade represents a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Howard Fu sold 8,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total transaction of $696,000.00. Following the transaction, the chief financial officer now directly owns 156,188 shares in the company, valued at approximately $13,588,356. The trade was a 4.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,604 shares of company stock valued at $5,427,468 in the last quarter. Company insiders own 29.00% of the company's stock.

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.