Procore Technologies, Inc. (NYSE:PCOR) Shares Acquired by FIL Ltd

FIL Ltd increased its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,171,975 shares of the company's stock after acquiring an additional 84,216 shares during the quarter. FIL Ltd owned approximately 1.46% of Procore Technologies worth $162,746,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PCOR. Vanguard Group Inc. raised its stake in Procore Technologies by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 11,900,337 shares of the company's stock worth $891,692,000 after purchasing an additional 838,925 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Procore Technologies by 99.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company's stock worth $214,377,000 after buying an additional 1,425,967 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Procore Technologies by 29,376.1% during the 4th quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company's stock valued at $200,810,000 after buying an additional 2,670,872 shares during the period. State Street Corp lifted its holdings in Procore Technologies by 13.2% in the third quarter. State Street Corp now owns 1,810,895 shares of the company's stock valued at $111,768,000 after acquiring an additional 211,590 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Procore Technologies by 20.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,766,675 shares of the company's stock worth $132,377,000 after acquiring an additional 304,396 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

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Procore Technologies Stock Down 0.5 %

Shares of PCOR stock traded down $0.31 during trading hours on Monday, reaching $60.29. 146,591 shares of the stock were exchanged, compared to its average volume of 1,725,957. The business's fifty day moving average is $71.63 and its two-hundred day moving average is $72.33. The firm has a market capitalization of $9.04 billion, a P/E ratio of -83.73 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 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 announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) 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 during the quarter, compared to analysts' expectations of $297.72 million. As a group, research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $82.92, for a total transaction of $995,040.00. Following the sale, the executive now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the sale, the insider now owns 200 shares of the company's stock, valued at $17,480. This represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,176 shares of company stock worth $5,486,304 over the last ninety days. Corporate insiders own 29.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PCOR. KeyCorp lifted their target price on Procore Technologies from $85.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Macquarie lowered their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. UBS Group lifted their price target on shares of Procore Technologies from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Barclays upped their price objective on shares of Procore Technologies from $84.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.24.

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.