GW&K Investment Management LLC Has $62.35 Million Stake in Procore Technologies, Inc. (NYSE:PCOR)

GW&K Investment Management LLC grew its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 832,126 shares of the company's stock after acquiring an additional 6,582 shares during the quarter. GW&K Investment Management LLC owned about 0.56% of Procore Technologies worth $62,351,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake 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 valued at $27,000 after purchasing an additional 175 shares during the period. Parkside Financial Bank & Trust grew its holdings in Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after buying an additional 147 shares in the last quarter. V Square Quantitative Management LLC increased its position in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares during the period. International Assets Investment Management LLC boosted its position in Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock worth $49,000 after acquiring an additional 789 shares during the period. Finally, Hilltop National Bank acquired a new position in Procore Technologies during the 4th quarter worth $53,000. 81.10% of the stock is currently owned by institutional investors.

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Insider Activity at Procore Technologies

In related news, CFO Howard Fu sold 8,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total value of $696,000.00. Following the transaction, the chief financial officer now directly owns 156,188 shares in the company, valued at approximately $13,588,356. This trade represents a 4.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Connor Kevin J. O sold 33,332 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $81.93, for a total transaction of $2,730,890.76. Following the transaction, the director now directly owns 1,282,648 shares of the company's stock, valued at approximately $105,087,350.64. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,311 shares of company stock valued at $7,720,903. Corporate insiders own 29.00% of the company's stock.

Wall Street Analysts Forecast Growth

PCOR has been the topic of a number of research analyst reports. DA Davidson raised their price objective on shares of Procore Technologies from $60.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. Scotiabank raised their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 22nd. Stifel Nicolaus upped their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. UBS Group raised their price objective 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. Finally, The Goldman Sachs Group boosted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $89.94.

Procore Technologies Stock Up 0.6 %

Shares of PCOR traded up $0.41 during mid-day trading on Tuesday, hitting $74.67. 1,734,768 shares of the company's stock were exchanged, compared to its average volume of 1,367,668. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of -103.71 and a beta of 0.84. The firm has a fifty day moving average of $78.14 and a two-hundred day moving average of $70.56. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings data 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). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The business had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. On average, sell-side analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

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.