Procore Technologies, Inc. (NYSE:PCOR) Holdings Lifted by Vanderbilt University

Vanderbilt University grew its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,736 shares of the company's stock after acquiring an additional 7,861 shares during the quarter. Procore Technologies comprises 0.7% of Vanderbilt University's portfolio, making the stock its 27th biggest position. Vanderbilt University's holdings in Procore Technologies were worth $3,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCOR. Parkside Financial Bank & Trust grew 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 buying an additional 147 shares in the last quarter. Huntington National Bank grew its stake in shares of Procore Technologies by 161.6% in the fourth 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 grew its stake in shares of Procore Technologies by 1,434.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock valued at $54,000 after buying an additional 674 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Procore Technologies in the fourth quarter valued at about $56,000. Finally, Aster Capital Management DIFC Ltd grew its stake in shares of Procore Technologies by 181.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 843 shares of the company's stock valued at $63,000 after buying an additional 544 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procore Technologies

In other news, CFO Howard Fu sold 797 shares of Procore Technologies stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $68.99, for a total transaction of $54,985.03. Following the transaction, the chief financial officer now owns 199,067 shares in the company, valued at approximately $13,733,632.33. The trade was a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William J.G. Griffith sold 309,168 shares of Procore Technologies stock in a transaction on Friday, June 13th. The shares were sold at an average price of $64.76, for a total value of $20,021,719.68. Following the transaction, the director now owns 1,893,458 shares in the company, valued at $122,620,340.08. This represents a 14.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 659,616 shares of company stock valued at $42,781,416 in the last three months. 29.00% of the stock is currently owned by corporate insiders.

Procore Technologies Stock Performance

PCOR stock traded up $0.20 during trading on Friday, reaching $66.54. 1,681,025 shares of the company's stock were exchanged, compared to its average volume of 1,688,285. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The firm has a market cap of $9.93 billion, a PE ratio of -77.37 and a beta of 0.90. The company's fifty day moving average price is $65.57 and its 200-day moving average price is $71.57. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.02.

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, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $310.63 million during the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative return on equity of 6.54% and a negative net margin of 10.73%. The company's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. On average, research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Scotiabank cut their price target on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. DA Davidson raised Procore Technologies to a "hold" rating in a report on Tuesday, May 13th. Jefferies Financial Group reduced their target price on Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Macquarie reduced 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. Finally, BMO Capital Markets reduced their target price on Procore Technologies from $95.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Four 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $80.83.

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.