Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 175,800 shares of the company's stock after acquiring an additional 35,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.12% of Procore Technologies worth $10,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PCOR. GAMMA Investing LLC boosted its holdings in Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company's stock worth $25,000 after buying an additional 175 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Procore Technologies during the third quarter worth $26,000. Signaturefd LLC boosted its holdings in Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company's stock worth $42,000 after buying an additional 216 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock valued at $49,000 after purchasing an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Procore Technologies during the second quarter valued at $51,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Procore Technologies from $90.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, August 2nd. Barclays increased their price objective on shares of Procore Technologies from $64.00 to $66.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. TD Cowen increased their price objective on shares of Procore Technologies from $65.00 to $70.00 and gave the company a "buy" rating in a report on Monday, October 28th. Robert W. Baird assumed coverage on shares of Procore Technologies in a report on Tuesday, September 24th. They set an "outperform" rating and a $73.00 price objective on the stock. Finally, Macquarie reaffirmed a "neutral" rating and set a $70.00 price objective on shares of Procore Technologies in a report on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.94.

Procore Technologies Stock Performance

Shares of NYSE PCOR traded down $0.70 during midday trading on Friday, hitting $70.46. The company's stock had a trading volume of 1,343,838 shares, compared to its average volume of 1,561,519. The business's fifty day simple moving average is $60.81 and its two-hundred day simple moving average is $63.83. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $83.35.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $287.42 million. Research analysts anticipate that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Connor Kevin J. O sold 25,000 shares of Procore Technologies stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the transaction, the director now owns 1,380,078 shares in the company, valued at $79,395,887.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Connor Kevin J. O sold 25,000 shares of Procore Technologies stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the transaction, the director now owns 1,380,078 shares in the company, valued at $79,395,887.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Scott Davis sold 9,671 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $65.00, for a total transaction of $628,615.00. Following the sale, the insider now owns 192,137 shares of the company's stock, valued at $12,488,905. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,727 shares of company stock worth $5,876,264 over the last 90 days. 29.00% of the stock is owned by 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.