Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Northside Capital Management LLC

Northside Capital Management LLC raised its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,236 shares of the company's stock after buying an additional 9,948 shares during the quarter. Procore Technologies makes up approximately 0.9% of Northside Capital Management LLC's investment portfolio, making the stock its 22nd largest position. Northside Capital Management LLC's holdings in Procore Technologies were worth $3,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. 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. XN LP increased its stake in Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company's stock worth $186,215,000 after acquiring an additional 1,411,812 shares during the last quarter. Meritage Group LP increased its stake in Procore Technologies by 66.6% during the third quarter. Meritage Group LP now owns 2,745,504 shares of the company's stock worth $169,453,000 after acquiring an additional 1,098,019 shares during the last quarter. Janus Henderson Group PLC raised its position in Procore Technologies by 128.7% in the third quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company's stock valued at $142,267,000 after purchasing an additional 1,297,151 shares during the period. Finally, Dragoneer Investment Group LLC lifted its stake in shares of Procore Technologies by 254.0% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company's stock valued at $148,762,000 after purchasing an additional 1,609,607 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Connor Kevin J. O sold 5,128 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $62.07, for a total transaction of $318,294.96. Following the completion of the sale, the director now owns 1,355,720 shares in the company, valued at $84,149,540.40. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $76.18, for a total transaction of $114,270.00. Following the completion of the transaction, the insider now owns 84,539 shares in the company, 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. Over the last quarter, insiders sold 154,231 shares of company stock worth $11,347,753. Corporate insiders own 29.00% of the company's stock.

Analysts Set New Price Targets

PCOR has been the subject of a number of recent analyst reports. Scotiabank raised their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a "sector outperform" rating in a research report on Friday, November 22nd. Canaccord Genuity Group lifted their price target on shares of Procore Technologies from $67.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. UBS Group started coverage on shares of Procore Technologies in a report on Monday, December 2nd. They issued a "buy" rating and a $105.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, November 22nd. Finally, Stifel Nicolaus boosted their target price on Procore Technologies from $84.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Procore Technologies Stock Up 1.8 %

PCOR stock traded up $1.35 during mid-day trading on Thursday, reaching $78.12. The company had a trading volume of 805,634 shares, compared to its average volume of 1,119,143. The firm has a fifty day simple moving average of $76.83 and a 200 day simple moving average of $67.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of -156.25 and a beta of 0.83. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share 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 firm had revenue of $295.89 million for the quarter, compared to analysts' expectations of $287.42 million. Analysts forecast that Procore Technologies, Inc. will post -0.22 earnings per share for the current fiscal year.

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.