Procore Technologies, Inc. (NYSE:PCOR) Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 22.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,774 shares of the company's stock after acquiring an additional 15,805 shares during the period. Oppenheimer Asset Management Inc. owned 0.06% of Procore Technologies worth $5,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in shares of Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after acquiring an additional 147 shares during the period. Huntington National Bank boosted its holdings in Procore Technologies by 161.6% during the fourth quarter. Huntington National Bank now owns 654 shares of the company's stock worth $49,000 after buying an additional 404 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Procore Technologies by 1,434.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock worth $54,000 after buying an additional 674 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Procore Technologies during the fourth quarter worth approximately $56,000. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Procore Technologies by 181.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 843 shares of the company's stock worth $63,000 after buying an additional 544 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procore Technologies

In other news, major shareholder Iconiq Strategic Partners Iv, sold 116,365 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $64.76, for a total transaction of $7,535,797.40. Following the transaction, the insider now owns 1,893,458 shares in the company, valued at $122,620,340.08. This represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Howard Fu sold 1,216 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $61.34, for a total transaction of $74,589.44. Following the transaction, the chief financial officer now owns 208,184 shares in the company, valued at approximately $12,770,006.56. This trade represents a 0.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 660,412 shares of company stock worth $42,834,653. 29.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PCOR shares. Macquarie decreased their target price on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. cut their target price on Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Scotiabank cut their target price 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. DA Davidson raised Procore Technologies to a "hold" rating in a research report on Tuesday, May 13th. Finally, Stifel Nicolaus cut their target price on Procore Technologies from $93.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.83.

Procore Technologies Stock Up 3.3%

Procore Technologies stock opened at $68.36 on Wednesday. The firm has a market cap of $10.20 billion, a PE ratio of -79.49 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.19. The firm's 50 day moving average price is $65.84 and its two-hundred day moving average price is $71.25. 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 released its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $310.63 million for the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative net margin of 10.73% and a negative return on equity of 6.54%. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. On average, research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

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.

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