Natixis Advisors LLC Increases Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

Natixis Advisors LLC increased its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 112.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 32,122 shares of the company's stock after buying an additional 17,017 shares during the quarter. Natixis Advisors LLC's holdings in Procore Technologies were worth $2,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PCOR. Chicago Partners Investment Group LLC boosted its position in Procore Technologies by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock worth $1,199,000 after purchasing an additional 129 shares during the period. Parkside Financial Bank & Trust raised its holdings in Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 147 shares during the period. V Square Quantitative Management LLC lifted its position 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 worth $44,000 after acquiring an additional 162 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of 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 acquiring an additional 175 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Procore Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 4,438 shares of the company's stock valued at $333,000 after purchasing an additional 234 shares during the period. 81.10% of the stock is owned by institutional investors.

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Insider Transactions at Procore Technologies

In related news, CFO Howard Fu sold 1,447 shares of Procore Technologies stock in a transaction on Friday, March 21st. The shares were sold at an average price of $68.79, for a total value of $99,539.13. Following the sale, the chief financial officer now owns 144,713 shares in the company, valued at $9,954,807.27. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the transaction, the executive now owns 161,368 shares of the company's stock, valued at $13,380,634.56. This trade represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,604 shares of company stock worth $5,427,468. Company insiders own 29.00% of the company's stock.

Procore Technologies Trading Down 3.2 %

Procore Technologies stock traded down $2.29 during trading hours on Wednesday, reaching $70.06. The company had a trading volume of 597,528 shares, compared to its average volume of 1,671,290. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of -97.30 and a beta of 0.85. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50-day moving average price of $76.15 and a 200 day moving average price of $71.87.

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). The firm had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Equities analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PCOR. Macquarie reduced their target price on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. upped their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Stifel Nicolaus raised their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Barclays upped their price target on shares of Procore Technologies from $84.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, JMP Securities lifted their price objective on Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, February 18th. Four investment 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.24.

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.