Axa S.A. Has $74.54 Million Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

AXA S.A. lifted its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 994,757 shares of the company's stock after acquiring an additional 101,927 shares during the quarter. AXA S.A. owned about 0.67% of Procore Technologies worth $74,537,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc grew its position 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 last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Procore Technologies by 61.3% in the fourth 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 period. V Square Quantitative Management LLC grew its holdings 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 in the last quarter. Huntington National Bank raised its stake in shares of 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 purchasing an additional 404 shares in the last quarter. Finally, Hilltop National Bank bought a new position in Procore Technologies in the fourth quarter worth $53,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Procore Technologies Trading Down 0.1 %

Shares of PCOR traded down $0.09 on Monday, reaching $64.76. 1,410,548 shares of the company's stock were exchanged, compared to its average volume of 1,716,469. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92. The stock has a market capitalization of $9.66 billion, a P/E ratio of -89.95 and a beta of 0.90. 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 business has a 50 day moving average price of $65.64 and a two-hundred day moving average price of $72.36.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The company had revenue of $310.63 million during the quarter, compared to analysts' expectations of $302.66 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. Research analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insider Transactions at Procore Technologies

In other news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were 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 $17,480. The trade was a 84.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Benjamin C. Singer sold 6,937 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $83.60, for a total value of $579,933.20. Following the sale, the insider now directly owns 72,110 shares in the company, valued at $6,028,396. The trade was a 8.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,962 shares of company stock worth $5,041,588. 29.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JMP Securities increased their price objective on shares of Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, February 18th. Piper Sandler dropped their target price on Procore Technologies from $110.00 to $75.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. DA Davidson lowered their price target on Procore Technologies from $80.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Barclays raised their price objective on shares of Procore Technologies from $70.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.24.

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.