UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Procore Technologies, Inc. (NYSE:PCOR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 298,239 shares of the company's stock after buying an additional 39,935 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Procore Technologies worth $22,347,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PCOR. Barclays PLC raised its stake in Procore Technologies by 49.1% during the 3rd quarter. Barclays PLC now owns 69,012 shares of the company's stock valued at $4,259,000 after purchasing an additional 22,734 shares during the period. SG Americas Securities LLC acquired a new position in shares of Procore Technologies in the fourth quarter worth $788,000. Brighton Jones LLC acquired a new position in shares of Procore Technologies in the fourth quarter worth $511,000. KBC Group NV increased its stake in shares of Procore Technologies by 1,550.7% in the fourth quarter. KBC Group NV now owns 44,933 shares of the company's stock worth $3,367,000 after acquiring an additional 42,211 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Procore Technologies by 55.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 16,731 shares of the company's stock worth $1,254,000 after acquiring an additional 5,989 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Insider Activity at Procore Technologies

In related news, insider Benjamin C. Singer sold 4,203 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were 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 of the company's stock, valued at approximately $7,032,747.87. This trade represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Connor Kevin J. O sold 7,700 shares of Procore Technologies stock in a transaction that occurred 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 transaction, the director now directly owns 1,208,284 shares in the company, valued at approximately $68,473,454.28. This represents a 0.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,623 shares of company stock worth $3,144,659 over the last three months. Company insiders own 29.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PCOR. Mizuho dropped their price target on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. DA Davidson raised Procore Technologies to a "hold" rating in a report on Tuesday, May 13th. Canaccord Genuity Group upped their price target on Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, UBS Group cut their price target on Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Four 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.24.

Procore Technologies Price Performance

Shares of PCOR stock traded down $0.14 during trading on Friday, hitting $67.11. The company had a trading volume of 971,082 shares, compared to its average volume of 1,713,116. 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 firm has a market capitalization of $10.01 billion, a P/E ratio of -93.21 and a beta of 0.90. The stock's 50-day moving average price is $64.56 and its 200 day moving average price is $72.58. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. The firm had revenue of $310.63 million for 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 company's revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. Equities analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

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.