Loomis Sayles & Co. L P Has $46.06 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Loomis Sayles & Co. L P raised its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 45.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 614,660 shares of the company's stock after buying an additional 191,546 shares during the quarter. Loomis Sayles & Co. L P owned about 0.41% of Procore Technologies worth $46,056,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Procore Technologies by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,303 shares of the company's stock worth $42,112,000 after purchasing an additional 97,117 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Procore Technologies by 58.9% during the third quarter. Cerity Partners LLC now owns 53,509 shares of the company's stock worth $3,303,000 after purchasing an additional 19,838 shares during the period. The Manufacturers Life Insurance Company lifted its position in Procore Technologies by 8.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 31,718 shares of the company's stock worth $1,958,000 after buying an additional 2,538 shares in the last quarter. FMR LLC boosted its position in Procore Technologies by 4.6% during the third quarter. FMR LLC now owns 17,939 shares of the company's stock valued at $1,107,000 after purchasing an additional 797 shares during the last quarter. Finally, Townsquare Capital LLC lifted its holdings in shares of Procore Technologies by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 12,882 shares of the company's stock valued at $795,000 after buying an additional 793 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

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Procore Technologies Trading Up 2.6 %

Procore Technologies stock traded up $1.70 during trading hours on Tuesday, hitting $67.72. The stock had a trading volume of 318,835 shares, compared to its average volume of 1,695,249. The business's 50 day simple moving average is $75.55 and its 200-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 stock has a market cap of $10.15 billion, a price-to-earnings ratio of -93.83 and a beta of 0.85. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. On average, equities analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

PCOR has been the subject of a number of recent analyst reports. Mizuho upped their target price on Procore Technologies from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Robert W. Baird boosted their target price on Procore Technologies from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Macquarie cut their price target 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. Finally, Barclays raised 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 research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.65.

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.