Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Axa S.A.

AXA S.A. lifted its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 994,757 shares of the company's stock after acquiring an additional 101,927 shares during the period. AXA S.A. owned 0.67% of Procore Technologies worth $74,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after acquiring an additional 175 shares during the period. Parkside Financial Bank & Trust increased its stake in 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 buying an additional 147 shares during the period. V Square Quantitative Management LLC lifted its holdings in 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 buying an additional 162 shares in the last quarter. Huntington National Bank boosted its position in Procore Technologies by 161.6% in the 4th quarter. Huntington National Bank now owns 654 shares of the company's stock valued at $49,000 after buying an additional 404 shares during the period. Finally, Hilltop National Bank acquired a new position in shares of Procore Technologies in the fourth quarter worth $53,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Procore Technologies Trading Up 3.2 %

Shares of Procore Technologies stock traded up $2.09 during mid-day trading on Thursday, hitting $66.56. 265,759 shares of the stock were exchanged, compared to its average volume of 1,431,846. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of -92.44 and a beta of 0.90. The company has a 50-day simple moving average of $65.17 and a 200 day simple moving average of $72.25. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The business had revenue of $310.63 million for the quarter, compared to analysts' expectations of $302.66 million. During the same quarter last year, the firm earned $0.30 earnings per share. The business's revenue was up 15.3% on a year-over-year basis. Research analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on PCOR. JMP Securities lifted their price target on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Tuesday, February 18th. Macquarie cut their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Stifel Nicolaus lowered their target price on Procore Technologies from $93.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. KeyCorp reduced their target price on shares of Procore Technologies from $96.00 to $77.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Piper Sandler dropped their price target on shares of Procore Technologies from $110.00 to $75.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Procore Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.24.

Insider Buying and Selling

In related news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total value of $93,867.60. Following the completion of the transaction, the insider now owns 200 shares of the company's stock, valued at approximately $17,480. This represents a 84.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Connor Kevin J. O sold 7,700 shares of Procore Technologies stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total value of $436,359.00. Following the sale, the director now owns 1,208,284 shares in the company, valued at $68,473,454.28. This represents a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,552 shares of company stock valued at $4,545,903. 29.00% of the stock is currently owned by company insiders.

About Procore Technologies

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.