Blair William & Co. IL Increases Stake in Procore Technologies, Inc. (NYSE:PCOR)

Blair William & Co. IL lifted its position in Procore Technologies, Inc. (NYSE:PCOR) by 43.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 800,784 shares of the company’s stock after purchasing an additional 244,126 shares during the period. Blair William & Co. IL owned about 0.54% of Procore Technologies worth $60,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in PCOR. Versant Capital Management Inc raised its position 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 during the period. Parkside Financial Bank & Trust raised its position in shares of Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Procore Technologies by 37.8% during the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the last quarter. Hilltop National Bank purchased a new position in Procore Technologies in the 4th quarter valued at about $53,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Procore Technologies by 1,434.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company’s stock worth $54,000 after buying an additional 674 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procore Technologies

In related news, CRO Lawrence Joseph Stack sold 12,000 shares of Procore Technologies stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $82.92, for a total value of $995,040.00. Following the completion of the transaction, the executive now owns 161,368 shares in the company, valued at approximately $13,380,634.56. The trade was a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Benjamin C. Singer sold 1,500 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $78.00, for a total transaction of $117,000.00. Following the sale, the insider now owns 83,039 shares in the company, valued at approximately $6,477,042. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,604 shares of company stock worth $5,427,468. 29.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PCOR has been the topic of several research reports. Macquarie decreased their target price on Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Jefferies Financial Group upgraded Procore Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $80.00 to $100.00 in a report on Monday, January 6th. 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. Canaccord Genuity Group raised their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus boosted their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four equities research 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.com, Procore Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.24.

Procore Technologies Stock Down 0.9 %

Shares of PCOR opened at $69.32 on Friday. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92. The firm has a market cap of $10.39 billion, a P/E ratio of -96.27 and a beta of 0.85. The company’s 50-day moving average price is $75.98 and its 200 day moving average price is $71.86. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last announced its earnings results 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 net margin of 9.20% and a negative return on equity of 5.10%. The firm had revenue of $302.05 million during the quarter, compared to analysts’ expectations 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 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.