Diversified Trust Co Has $3.80 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Diversified Trust Co boosted its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 157.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,649 shares of the company's stock after purchasing an additional 30,948 shares during the period. Diversified Trust Co's holdings in Procore Technologies were worth $3,795,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. XN LP lifted its holdings in shares of Procore Technologies by 101.1% during the 2nd quarter. XN LP now owns 2,808,251 shares of the company's stock valued at $186,215,000 after buying an additional 1,411,812 shares during the last quarter. Meritage Group LP raised its position in Procore Technologies by 66.6% during the third quarter. Meritage Group LP now owns 2,745,504 shares of the company's stock valued at $169,453,000 after acquiring an additional 1,098,019 shares in the last quarter. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 1,297,151 shares during the last quarter. Dragoneer Investment Group LLC grew its position in Procore Technologies by 254.0% in the second quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company's stock worth $148,762,000 after acquiring an additional 1,609,607 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in shares of Procore Technologies by 1.1% during the 3rd quarter. Holocene Advisors LP now owns 1,873,343 shares of the company's stock worth $115,623,000 after purchasing an additional 21,234 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Procore Technologies Stock Performance

Shares of NYSE PCOR traded up $0.47 during trading hours on Wednesday, reaching $76.32. The stock had a trading volume of 727,942 shares, compared to its average volume of 1,143,088. The company has a market cap of $11.35 billion, a price-to-earnings ratio of -152.64 and a beta of 0.83. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $86.67. The business's fifty day moving average is $76.03 and its two-hundred day moving average is $66.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The company had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. As a group, research analysts expect that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PCOR shares. BMO Capital Markets lifted their price objective on shares of Procore Technologies from $71.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. JMP Securities upped their price target on Procore Technologies from $75.00 to $90.00 and gave the stock a "market outperform" rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on Procore Technologies from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. UBS Group began coverage on Procore Technologies in a research report on Monday, December 2nd. They set a "buy" rating and a $105.00 target price for the company. Finally, Jefferies Financial Group raised shares of Procore Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $80.00 to $100.00 in a research report on Monday. 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's stock. According to MarketBeat, Procore Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Insider Buying and Selling at Procore Technologies

In related news, Director Connor Kevin J. O sold 33,332 shares of Procore Technologies stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total transaction of $2,730,890.76. Following the completion of the transaction, the director now directly owns 1,282,648 shares of the company's stock, valued at $105,087,350.64. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William Fred Fleming, Jr. sold 15,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the sale, the senior vice president now directly owns 75,120 shares in the company, valued at $5,314,740. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,693 shares of company stock valued at $10,479,096. 29.00% of the stock is currently owned by corporate 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.