Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 545,683 shares of the company's stock after acquiring an additional 9,984 shares during the quarter. Procore Technologies makes up 1.2% of Peregrine Capital Management LLC's holdings, making the stock its 17th largest holding. Peregrine Capital Management LLC owned about 0.36% of Procore Technologies worth $36,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCOR. Parkside Financial Bank & Trust increased its stake in shares of Procore Technologies by 61.3% during 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. Covestor Ltd grew its holdings in Procore Technologies by 15.1% during the 4th quarter. Covestor Ltd now owns 1,571 shares of the company's stock worth $118,000 after acquiring an additional 206 shares in the last quarter. Two Sigma Investments LP increased its position in Procore Technologies by 5.3% during the 4th quarter. Two Sigma Investments LP now owns 4,181 shares of the company's stock valued at $313,000 after purchasing an additional 210 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Procore Technologies by 1.7% in the 1st quarter. Park Avenue Securities LLC now owns 12,934 shares of the company's stock valued at $854,000 after purchasing an additional 221 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Procore Technologies by 4.3% in the 4th quarter. OneDigital Investment Advisors LLC now owns 5,438 shares of the company's stock worth $407,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 81.10% of the company's stock.

Insider Activity

In other news, CRO Lawrence Joseph Stack sold 2,500 shares of Procore Technologies stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $65.33, for a total transaction of $163,325.00. Following the completion of the transaction, the executive directly owned 208,288 shares of the company's stock, valued at $13,607,455.04. The trade was a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William J.G. Griffith sold 309,168 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $64.76, for a total transaction of $20,021,719.68. Following the completion of the transaction, the director owned 1,893,458 shares of the company's stock, valued at approximately $122,620,340.08. This represents a 14.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 660,412 shares of company stock valued at $42,834,653 over the last 90 days. Company insiders own 29.00% of the company's stock.

Procore Technologies Stock Performance

NYSE PCOR traded up $1.41 on Tuesday, hitting $69.83. 1,696,205 shares of the company's stock traded hands, compared to its average volume of 1,663,497. The firm's 50-day moving average price is $66.62 and its two-hundred day moving average price is $70.81. The firm has a market capitalization of $10.42 billion, a PE ratio of -81.20 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. The company had revenue of $310.63 million during the quarter, compared to the consensus estimate of $302.66 million. Procore Technologies had a negative net margin of 10.73% and a negative return on equity of 6.54%. The firm's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. As a group, analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Macquarie reduced their price objective on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. UBS Group cut their price target on Procore Technologies from $110.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. BMO Capital Markets reduced 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, April 23rd. Scotiabank dropped their price objective on Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Mizuho reduced their target price on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.83.

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.