American Century Companies Inc. Has $1.93 Million Stake in Procore Technologies, Inc. (NYSE:PCOR)

American Century Companies Inc. lifted its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 486.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,689 shares of the company's stock after buying an additional 21,307 shares during the period. American Century Companies Inc.'s holdings in Procore Technologies were worth $1,925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PCOR. Versant Capital Management Inc lifted its position in Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company's stock worth $27,000 after buying an additional 175 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of 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 acquiring an additional 147 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of Procore Technologies by 37.8% during the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock worth $44,000 after purchasing an additional 162 shares during the period. Hilltop National Bank bought a new position in Procore Technologies during the 4th quarter valued at about $53,000. Finally, Skandinaviska Enskilda Banken AB publ raised its position 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 purchasing an additional 674 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

PCOR has been the subject of several recent analyst reports. KeyCorp boosted their target price on Procore Technologies from $85.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Piper Sandler boosted their price objective on Procore Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Jefferies Financial Group reduced their target price on Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. UBS Group boosted their target price on shares of Procore Technologies from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, JMP Securities upped their price target on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, February 18th. Four 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's stock. According to MarketBeat.com, Procore Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $89.24.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total value of $93,867.60. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at approximately $17,480. This represents a 84.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Benjamin C. Singer sold 1,500 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total value of $117,000.00. Following the transaction, the insider now directly owns 83,039 shares in the company, valued at $6,477,042. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 77,304 shares of company stock worth $5,863,827 in the last 90 days. 29.00% of the stock is owned by corporate insiders.

Procore Technologies Price Performance

Procore Technologies stock traded down $0.24 during midday trading on Friday, reaching $60.50. The company's stock had a trading volume of 1,305,869 shares, compared to its average volume of 1,732,195. 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 firm has a market capitalization of $9.07 billion, a PE ratio of -84.03 and a beta of 0.90. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. The stock's 50 day simple moving average is $71.63 and its 200 day simple moving average is $72.33.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its earnings results 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). The company had revenue of $302.05 million during the quarter, compared to analysts' expectations of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. On average, equities research analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current 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.