Blair William & Co. IL Buys 244,126 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Blair William & Co. IL increased its position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 800,784 shares of the company's stock after buying an additional 244,126 shares during the quarter. Blair William & Co. IL owned about 0.54% of Procore Technologies worth $60,003,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PCOR. Versant Capital Management Inc lifted its position in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of 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 period. Hilltop National Bank purchased a new position in Procore Technologies in 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 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock worth $54,000 after buying an additional 674 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, CFO Howard Fu sold 1,190 shares of Procore Technologies stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $67.00, for a total transaction of $79,730.00. Following the sale, the chief financial officer now directly owns 146,160 shares of the company's stock, valued at $9,792,720. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total value of $93,867.60. Following the transaction, the insider now owns 200 shares in the company, valued at $17,480. This represents a 84.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 69,604 shares of company stock valued at $5,427,468. Insiders own 29.00% of the company's stock.

Analysts Set New Price Targets

PCOR has been the topic of several analyst reports. Macquarie dropped their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. boosted their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. KeyCorp raised 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. JMP Securities upped their price target on Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus raised their price objective on Procore Technologies from $84.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Procore Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $89.65.

Procore Technologies Stock Performance

Shares of PCOR stock traded up $1.66 during trading on Tuesday, reaching $67.68. The company had a trading volume of 366,350 shares, compared to its average volume of 1,376,655. The firm's 50 day simple moving average is $75.55 and its two-hundred day simple moving average is $72.26. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $10.15 billion, a PE ratio of -93.99 and a beta of 0.85.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.46). The firm had revenue of $302.05 million during 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%. Sell-side analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

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.