Procore Technologies, Inc. (NYSE:PCOR) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board lifted its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,100 shares of the company's stock after buying an additional 6,200 shares during the period. Canada Pension Plan Investment Board owned about 0.08% of Procore Technologies worth $8,774,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wasatch Advisors LP grew its holdings in Procore Technologies by 28.8% during the fourth quarter. Wasatch Advisors LP now owns 2,036,632 shares of the company's stock worth $152,605,000 after acquiring an additional 455,314 shares during the period. Mariner LLC grew its stake in shares of Procore Technologies by 0.3% during the 4th quarter. Mariner LLC now owns 148,258 shares of the company's stock worth $11,109,000 after purchasing an additional 434 shares during the period. Advisors Capital Management LLC grew its stake in shares of Procore Technologies by 1.3% during the 4th quarter. Advisors Capital Management LLC now owns 143,779 shares of the company's stock worth $10,773,000 after purchasing an additional 1,825 shares during the period. Townsquare Capital LLC increased its holdings in shares of Procore Technologies by 9.8% in the 4th quarter. Townsquare Capital LLC now owns 14,138 shares of the company's stock valued at $1,059,000 after purchasing an additional 1,256 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Procore Technologies by 15.1% in the fourth quarter. Covestor Ltd now owns 1,571 shares of the company's stock valued at $118,000 after purchasing an additional 206 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Trading Up 1.3 %

Procore Technologies stock traded up $0.81 during trading on Friday, hitting $63.80. The company's stock had a trading volume of 1,082,207 shares, compared to its average volume of 1,738,507. The stock's fifty day moving average is $67.74 and its 200 day moving average is $72.31. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of -88.61 and a beta of 0.90. 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 (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) 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 company had revenue of $302.05 million for the quarter, compared to analyst estimates of $297.72 million. As a group, equities research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PCOR. Piper Sandler dropped their target price on shares of Procore Technologies from $110.00 to $75.00 and set an "overweight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group decreased their target price on Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. BMO Capital Markets dropped their price target on Procore Technologies from $95.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, DA Davidson decreased their price objective on shares of Procore Technologies from $80.00 to $60.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Procore Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $81.18.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies 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 transaction of $995,040.00. Following the transaction, the executive now directly owns 161,368 shares of the company's stock, valued at $13,380,634.56. The trade was a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $77.33, for a total transaction of $495,685.30. Following the completion of the sale, the director now directly owns 1,244,188 shares of the company's stock, valued at $96,213,058.04. The trade was a 0.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,962 shares of company stock worth $5,041,588 in the last quarter. 29.00% of the stock is owned by insiders.

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.