Marble Harbor Investment Counsel LLC Raises Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

Marble Harbor Investment Counsel LLC grew its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,668 shares of the company's stock after acquiring an additional 26,968 shares during the quarter. Marble Harbor Investment Counsel LLC owned about 0.05% of Procore Technologies worth $5,970,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its stake in shares of Procore Technologies by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock worth $1,199,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc increased its stake in Procore Technologies by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 4,204 shares of the company's stock worth $259,000 after buying an additional 143 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after buying an additional 147 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

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Procore Technologies Trading Up 3.8 %

Shares of Procore Technologies stock traded up $2.48 on Wednesday, reaching $67.69. The company had a trading volume of 3,015,052 shares, compared to its average volume of 1,461,014. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of -94.02 and a beta of 0.85. 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 firm's 50-day moving average price is $77.57 and its two-hundred day moving average price is $71.09. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share 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 for the quarter, compared to the consensus estimate of $297.72 million. As a group, research analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen increased their target price on Procore Technologies from $70.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. BMO Capital Markets increased their price objective on shares of Procore Technologies from $71.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Robert W. Baird boosted their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Mizuho raised their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Procore Technologies from $73.00 to $83.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Procore Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.94.

Insider Activity at Procore Technologies

In other Procore Technologies news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 200 shares in the company, valued at $17,480. This trade represents a 84.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the company's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $76.18, for a total value of $114,270.00. Following the completion of the sale, the insider now owns 84,539 shares of the company's stock, valued at $6,440,181.02. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,621 shares of company stock worth $5,193,578 in the last 90 days. 29.00% of the stock is owned by corporate insiders.

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.