22,928 Shares in Procore Technologies, Inc. (NYSE:PCOR) Bought by George Kaiser Family Foundation

George Kaiser Family Foundation bought a new stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 22,928 shares of the company's stock, valued at approximately $1,415,000. Procore Technologies accounts for 0.2% of George Kaiser Family Foundation's holdings, making the stock its 16th largest holding.

Other large investors also recently made changes to their positions in the company. Park Avenue Securities LLC grew its stake in shares of Procore Technologies by 16.9% in the 2nd quarter. Park Avenue Securities LLC now owns 8,741 shares of the company's stock valued at $580,000 after buying an additional 1,266 shares during the period. M&G Plc boosted its stake in Procore Technologies by 12.4% during the 2nd quarter. M&G Plc now owns 120,626 shares of the company's stock valued at $7,961,000 after purchasing an additional 13,334 shares during the last quarter. Vanguard Group Inc. boosted its stake in Procore Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,299,147 shares of the company's stock valued at $764,111,000 after purchasing an additional 94,190 shares during the last quarter. Burney Co. acquired a new position in Procore Technologies during the 1st quarter valued at about $1,371,000. Finally, SG Americas Securities LLC boosted its stake in Procore Technologies by 118.0% during the 2nd quarter. SG Americas Securities LLC now owns 17,466 shares of the company's stock valued at $1,158,000 after purchasing an additional 9,454 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PCOR has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Procore Technologies from $90.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Scotiabank cut their price target on Procore Technologies from $90.00 to $70.00 and set a "sector outperform" rating for the company in a research note on Friday, August 2nd. JMP Securities dropped their target price on shares of Procore Technologies from $82.00 to $75.00 and set a "market outperform" rating on the stock in a research report on Thursday, October 31st. Robert W. Baird assumed coverage on shares of Procore Technologies in a research report on Tuesday, September 24th. They set an "outperform" rating and a $73.00 target price on the stock. Finally, KeyCorp dropped their target price on shares of Procore Technologies from $79.00 to $68.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.25.

Procore Technologies Stock Performance

PCOR stock traded up $0.94 during midday trading on Tuesday, reaching $70.06. 1,427,233 shares of the company's stock traded hands, compared to its average volume of 1,574,725. The company has a 50-day moving average price of $63.16 and a two-hundred day moving average price of $63.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $83.35. The firm has a market capitalization of $10.42 billion, a PE ratio of -140.12 and a beta of 0.71.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The business had revenue of $295.89 million for the quarter, compared to analysts' expectations of $287.42 million. As a group, equities analysts anticipate that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Insider Buying and Selling at Procore Technologies

In other news, Director Connor Kevin J. O sold 5,128 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $70.47, for a total transaction of $361,370.16. Following the completion of the transaction, the director now directly owns 1,335,208 shares in the company, valued at $94,092,107.76. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $1,359,806.02. Following the transaction, the chief executive officer now owns 793,123 shares of the company's stock, valued at $46,905,294.22. This trade represents a 2.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,695 shares of company stock valued at $6,844,893 in the last 90 days. 29.00% of the stock is currently owned by company insiders.

About Procore Technologies

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.