XTX Topco Ltd Raises Holdings in Procore Technologies, Inc. (NYSE:PCOR)

XTX Topco Ltd boosted its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 860.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,903 shares of the company's stock after purchasing an additional 32,163 shares during the quarter. XTX Topco Ltd's holdings in Procore Technologies were worth $2,216,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PCOR. Dragoneer Investment Group LLC boosted its stake in shares of Procore Technologies by 254.0% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company's stock worth $148,762,000 after purchasing an additional 1,609,607 shares during the period. Wasatch Advisors LP boosted its stake in Procore Technologies by 27,239.5% in the third quarter. Wasatch Advisors LP now owns 1,581,318 shares of the company's stock valued at $97,599,000 after acquiring an additional 1,575,534 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Procore Technologies during the 3rd quarter worth $88,572,000. XN LP increased its holdings in shares of Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company's stock valued at $186,215,000 after acquiring an additional 1,411,812 shares in the last quarter. Finally, PointState Capital LP acquired a new position in Procore Technologies during the 3rd quarter valued at approximately $81,306,000. 81.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PCOR. Baird R W upgraded shares of Procore Technologies to a "strong-buy" rating in a research note on Tuesday, September 24th. UBS Group assumed coverage on shares of Procore Technologies in a research report on Monday, December 2nd. They issued a "buy" rating and a $105.00 price objective for the company. Robert W. Baird initiated coverage on shares of Procore Technologies in a research note on Tuesday, September 24th. They set an "outperform" rating and a $73.00 target price on the stock. Scotiabank lifted their price target on Procore Technologies from $70.00 to $85.00 and gave the company a "sector outperform" rating in a research note on Friday, November 22nd. Finally, Piper Sandler upped their price target on Procore Technologies from $70.00 to $90.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Procore Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.65.

Insider Transactions at Procore Technologies

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 15,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.75, for a total value 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 trade represents a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $1,617,374.40. Following the transaction, the chief executive officer now directly owns 770,458 shares of the company's stock, valued at approximately $54,979,882.88. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,553 shares of company stock valued at $7,933,974. 29.00% of the stock is currently owned by company insiders.

Procore Technologies Trading Down 1.8 %

Shares of Procore Technologies stock traded down $1.51 on Friday, reaching $83.00. The company had a trading volume of 2,917,408 shares, compared to its average volume of 2,379,782. The firm's 50 day moving average price is $68.70 and its two-hundred day moving average price is $64.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $86.67. The firm has a market cap of $12.34 billion, a PE ratio of -166.00 and a beta of 0.82.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analysts' expectations of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. Sell-side analysts predict that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal 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.