Champlain Investment Partners LLC Buys Shares of 1,411,280 Procore Technologies, Inc. (NYSE:PCOR)

Champlain Investment Partners LLC bought a new stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,411,280 shares of the company's stock, valued at approximately $105,747,000. Champlain Investment Partners LLC owned 0.95% of Procore Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its position in shares of 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 in the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 purchasing an additional 147 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Procore Technologies by 37.8% during the fourth 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 lifted its stake 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 acquiring an additional 404 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in Procore Technologies during the 4th quarter worth approximately $53,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Price Performance

Shares of NYSE PCOR traded up $1.16 during trading hours on Tuesday, hitting $57.42. 406,127 shares of the stock were exchanged, compared to its average volume of 1,726,272. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The company has a market cap of $8.61 billion, a PE ratio of -79.76 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. The company's fifty day simple moving average is $69.63 and its two-hundred day simple moving average is $72.28.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.46). The business had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. On average, sell-side analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies 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 transaction of $93,867.60. Following the completion of the sale, the insider now directly owns 200 shares in the company, valued at approximately $17,480. This trade represents a 84.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Connor Kevin J. O sold 7,700 shares of the firm's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total transaction of $436,359.00. Following the completion of the sale, the director now owns 1,208,284 shares of the company's stock, valued at $68,473,454.28. The trade was a 0.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,482 shares of company stock worth $4,952,759. 29.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

PCOR has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. KeyCorp lowered their target price on Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a research report on Monday. Macquarie decreased their price target on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Piper Sandler raised their target price on shares of Procore Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group upped their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Four research 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 stock. According to MarketBeat.com, Procore Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $85.76.

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.