Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by EPIQ Capital Group LLC

EPIQ Capital Group LLC grew its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 50.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,034 shares of the company's stock after buying an additional 7,714 shares during the period. Procore Technologies accounts for 0.5% of EPIQ Capital Group LLC's investment portfolio, making the stock its 28th largest holding. EPIQ Capital Group LLC's holdings in Procore Technologies were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Procore Technologies by 14.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,423 shares of the company's stock valued at $2,055,000 after buying an additional 3,561 shares during the last quarter. AlphaQuest LLC boosted its stake in Procore Technologies by 117,000.0% during the 4th quarter. AlphaQuest LLC now owns 1,171 shares of the company's stock worth $88,000 after purchasing an additional 1,170 shares during the period. Marble Harbor Investment Counsel LLC grew its position in Procore Technologies by 51.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 79,668 shares of the company's stock worth $5,970,000 after purchasing an additional 26,968 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Procore Technologies by 21.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,020 shares of the company's stock valued at $1,275,000 after purchasing an additional 3,037 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Procore Technologies in the fourth quarter valued at about $20,729,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several brokerages recently issued reports on PCOR. Stifel Nicolaus boosted their price target on Procore Technologies from $84.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Macquarie cut their price target on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday. KeyCorp increased their price target on Procore Technologies from $85.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of Procore Technologies from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group raised 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. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Procore Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $90.24.

Insider Activity

In other news, CRO Lawrence Joseph Stack sold 12,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive now directly owns 161,368 shares of the company's stock, valued at $13,380,634.56. The trade was a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the business's stock in a transaction dated 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 directly owns 84,539 shares of the company's stock, valued at $6,440,181.02. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,211 shares of company stock worth $4,672,701 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

Procore Technologies Price Performance

PCOR traded down $1.63 on Thursday, hitting $65.91. 2,208,988 shares of the company were exchanged, compared to its average volume of 1,476,596. The business's fifty day moving average is $77.42 and its 200 day moving average is $71.07. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. 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 $9.88 billion, a P/E ratio of -91.54 and a beta of 0.85.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.46). The firm had revenue of $302.05 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS 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.