Orion Portfolio Solutions LLC Acquires 6,827 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Orion Portfolio Solutions LLC increased its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,510 shares of the company's stock after acquiring an additional 6,827 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.05% of Procore Technologies worth $5,583,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of Procore Technologies by 92.1% during 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. Parkside Financial Bank & Trust raised its stake in shares of Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of 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 purchasing an additional 162 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Procore Technologies during the fourth quarter valued at $53,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Procore Technologies by 1,434.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock worth $54,000 after buying an additional 674 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PCOR. JMP Securities raised their price target on shares of Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a report on Tuesday, February 18th. Robert W. Baird raised 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. Piper Sandler boosted their target price on shares of Procore Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price target on Procore Technologies from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Finally, Canaccord Genuity Group upped their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.65.

Procore Technologies Price Performance

PCOR stock traded up $1.33 during trading on Wednesday, reaching $68.96. The company's stock had a trading volume of 843,062 shares, compared to its average volume of 1,379,553. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company's fifty day moving average is $75.34 and its 200-day moving average is $72.32. The company has a market capitalization of $10.34 billion, a P/E ratio of -95.78 and a beta of 0.85. 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 results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The business had revenue of $302.05 million during the quarter, compared to analysts' expectations of $297.72 million. On average, research analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 12,000 shares of Procore Technologies stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $82.92, for a total value of $995,040.00. Following the sale, the executive now owns 161,368 shares of the company's stock, valued at $13,380,634.56. The trade was a 6.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Howard Fu sold 1,190 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $67.00, for a total value of $79,730.00. Following the transaction, the chief financial officer now owns 146,160 shares of the company's stock, valued at $9,792,720. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,604 shares of company stock worth $5,427,468. 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.