Procore Technologies, Inc. (NYSE:PCOR) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 31.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 82,688 shares of the company's stock after acquiring an additional 19,791 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Procore Technologies worth $6,196,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PCOR. Atria Investments Inc grew its stake in Procore Technologies by 11.9% in the 3rd quarter. Atria Investments Inc now owns 4,950 shares of the company's stock valued at $306,000 after acquiring an additional 527 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Procore Technologies by 56.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 58,947 shares of the company's stock worth $3,638,000 after purchasing an additional 21,287 shares during the last quarter. KBC Group NV boosted its stake in Procore Technologies by 19.0% during the 3rd quarter. KBC Group NV now owns 2,722 shares of the company's stock worth $168,000 after purchasing an additional 435 shares during the last quarter. Curi RMB Capital LLC boosted its stake in Procore Technologies by 17.6% during the 3rd quarter. Curi RMB Capital LLC now owns 105,909 shares of the company's stock worth $6,537,000 after purchasing an additional 15,846 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in Procore Technologies by 6.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company's stock worth $322,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

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Procore Technologies Trading Down 1.6 %

PCOR traded down $1.09 on Tuesday, hitting $68.58. The company had a trading volume of 1,282,157 shares, compared to its average volume of 1,671,354. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $10.28 billion, a P/E ratio of -95.24 and a beta of 0.85. The company's fifty day moving average price is $76.89 and its 200 day moving average price is $71.31. 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 issued its quarterly 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 business had revenue of $302.05 million for the quarter, compared to analysts' expectations of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. As a group, equities analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Howard Fu sold 1,190 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $67.00, for a total transaction of $79,730.00. Following the sale, the chief financial officer now directly owns 146,160 shares in the company, valued at approximately $9,792,720. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $76.18, for a total transaction of $114,270.00. Following the sale, the insider now owns 84,539 shares in the company, valued at $6,440,181.02. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,657 shares of company stock worth $5,442,199 over the last three months. Company insiders own 29.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group lifted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Macquarie lowered their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Mizuho lifted their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Finally, Scotiabank lifted their target price on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $90.24.

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.