Capital Fund Management S.A. Has $5.11 Million Stock Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Capital Fund Management S.A. grew its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 141.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,168 shares of the company's stock after buying an additional 39,952 shares during the quarter. Capital Fund Management S.A.'s holdings in Procore Technologies were worth $5,108,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in Procore Technologies by 92.1% during 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 in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after buying an additional 147 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in 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 buying an additional 162 shares during the last quarter. Huntington National Bank lifted its stake in Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company's stock valued at $49,000 after acquiring an additional 404 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Procore Technologies in the 4th quarter valued at about $53,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procore Technologies news, Director Connor Kevin J. O sold 7,700 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total transaction of $436,359.00. Following the transaction, the director now directly owns 1,208,284 shares in the company, valued at approximately $68,473,454.28. This represents a 0.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the sale, the insider now directly owns 200 shares of the company's stock, valued at approximately $17,480. This trade represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,982 shares of company stock valued at $5,069,759 over the last quarter. Insiders own 29.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PCOR. KeyCorp raised their target price on shares of Procore Technologies from $85.00 to $96.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Canaccord Genuity Group increased their price objective on shares of Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Piper Sandler upped their target price on Procore Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Barclays dropped their price objective on shares of Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, JMP Securities upped their target price on Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Procore Technologies Trading Down 2.5 %

Shares of Procore Technologies stock traded down $1.50 during trading on Friday, hitting $58.37. The company's stock had a trading volume of 1,030,883 shares, compared to its average volume of 1,731,829. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of -81.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $88.92. The stock has a 50-day moving average price of $69.99 and a two-hundred day moving average price of $72.12.

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 for the quarter, missing the consensus estimate of $0.11 by ($0.46). The company had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Equities research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal 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.