Y Intercept Hong Kong Ltd Purchases New Stake in Procore Technologies, Inc. (NYSE:PCOR)

Y Intercept Hong Kong Ltd acquired a new position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,569 shares of the company's stock, valued at approximately $1,391,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning acquired a new position in shares of Procore Technologies during the 3rd quarter worth about $234,000. Raymond James & Associates grew its position in shares of Procore Technologies by 3.0% during the 3rd quarter. Raymond James & Associates now owns 47,982 shares of the company's stock worth $2,961,000 after buying an additional 1,386 shares during the period. International Assets Investment Management LLC grew its position in shares of 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 buying an additional 789 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Procore Technologies by 120.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,279 shares of the company's stock worth $511,000 after buying an additional 4,531 shares during the period. Finally, Smith Group Asset Management LLC acquired a new position in shares of Procore Technologies during the 3rd quarter worth about $280,000. 81.10% of the stock is owned by institutional investors.

Insider Buying and Selling at Procore Technologies

In other news, CRO Lawrence Joseph Stack sold 12,000 shares of the company's stock in a transaction that occurred 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 sale, the executive now owns 161,368 shares in the company, valued at $13,380,634.56. This represents a 6.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Connor Kevin J. O sold 5,128 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $73.62, for a total value of $377,523.36. Following the sale, the director now owns 1,264,700 shares in the company, valued at approximately $93,107,214. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 95,311 shares of company stock worth $7,720,903. Corporate insiders own 29.00% of the company's stock.

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Analysts Set New Price Targets

Several research firms have recently issued reports on PCOR. KeyCorp boosted their target price on Procore Technologies from $85.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Barclays boosted their target price on Procore Technologies from $84.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. BMO Capital Markets boosted their target price on Procore Technologies from $71.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, JMP Securities boosted their price objective 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 investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.94.

Procore Technologies Stock Up 0.5 %

NYSE PCOR traded up $0.40 during trading on Friday, hitting $76.32. The stock had a trading volume of 2,137,324 shares, compared to its average volume of 1,373,901. The company has a market capitalization of $11.44 billion, a PE ratio of -106.00 and a beta of 0.84. The company's 50-day moving average price is $78.19 and its two-hundred day moving average price is $70.23. 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 12 month low of $49.46 and a 12 month high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The firm had revenue of $302.05 million during 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%. As a group, sell-side analysts forecast that Procore Technologies, Inc. will post -0.15 EPS 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.