Two Star Manager LLC Has $7.52 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Two Star Manager LLC raised its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 62.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,345 shares of the company's stock after purchasing an additional 38,624 shares during the period. Procore Technologies makes up approximately 3.5% of Two Star Manager LLC's holdings, making the stock its 15th biggest position. Two Star Manager LLC owned 0.07% of Procore Technologies worth $7,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised 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 purchasing an additional 147 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after buying an additional 162 shares during the period. Huntington National Bank raised its stake in shares of 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 buying an additional 404 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Procore Technologies by 1,434.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock worth $54,000 after acquiring an additional 674 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Procore Technologies during the 4th quarter worth about $56,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Trading Up 0.1%

PCOR stock traded up $0.07 during trading on Friday, hitting $67.74. The company had a trading volume of 220,122 shares, compared to its average volume of 1,710,382. The firm has a 50-day moving average price of $64.93 and a 200-day moving average price of $72.70. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of -94.09 and a beta of 0.90.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, topping 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 return on equity of 5.10% and a negative net margin of 9.20%. The firm's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. As a group, analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on PCOR. Jefferies Financial Group lowered their target price on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. KeyCorp lowered their price objective on Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Macquarie dropped their target price on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Scotiabank decreased their price target on Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler lowered their price target on Procore Technologies from $110.00 to $75.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $80.24.

Insider Buying and Selling at Procore Technologies

In other news, CFO Howard Fu sold 2,642 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $77.05, for a total value of $203,566.10. Following the transaction, the chief financial officer now directly owns 147,350 shares in the company, valued at $11,353,317.50. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Benjamin C. Singer sold 4,203 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $68.91, for a total value of $289,628.73. Following the transaction, the insider now owns 102,057 shares in the company, valued at approximately $7,032,747.87. This trade represents a 3.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,623 shares of company stock worth $3,144,659. Company insiders own 29.00% of the company's stock.

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.