Bank of Montreal Can Acquires New Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Bank of Montreal Can purchased a new stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,592 shares of the company's stock, valued at approximately $794,000.

A number of other institutional investors have also modified their holdings of PCOR. Chicago Partners Investment Group LLC lifted its stake in Procore Technologies by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock valued at $1,199,000 after buying an additional 129 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after acquiring an additional 147 shares during the period. V Square Quantitative Management LLC lifted its position in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Versant Capital Management Inc grew its position in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in Procore Technologies by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 4,438 shares of the company's stock worth $333,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Procore Technologies Trading Up 4.7 %

NYSE PCOR traded up $2.81 on Thursday, hitting $63.09. 224,873 shares of the company were exchanged, compared to its average volume of 1,729,066. 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, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The firm has a market capitalization of $9.46 billion, a P/E ratio of -87.52 and a beta of 0.90. The company's 50 day moving average price is $68.73 and its 200-day moving average price is $72.09.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The firm had revenue of $302.05 million for the quarter, compared to analyst estimates of $297.72 million. Analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Activity

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 12,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $82.92, for a total value of $995,040.00. Following the completion of the sale, the executive now owns 161,368 shares in the company, valued at $13,380,634.56. This represents a 6.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Howard Fu sold 1,216 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $61.34, for a total transaction of $74,589.44. Following the transaction, the chief financial officer now owns 208,184 shares in the company, valued at approximately $12,770,006.56. This represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,482 shares of company stock worth $4,952,759 over the last quarter. Corporate insiders own 29.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PCOR shares. KeyCorp reduced their price objective on Procore Technologies from $96.00 to $77.00 and set an "overweight" rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their price target on Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. UBS Group lifted their price objective on shares of Procore Technologies from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Piper Sandler decreased their target price on shares of Procore Technologies from $110.00 to $75.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group boosted their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Procore Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $82.53.

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.