Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,066 shares of the company's stock after purchasing an additional 34,260 shares during the period. Gotham Asset Management LLC owned 0.07% of Procore Technologies worth $7,423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greycroft LP increased its position in shares of Procore Technologies by 116.7% in the fourth quarter. Greycroft LP now owns 6,500 shares of the company's stock worth $487,000 after acquiring an additional 3,500 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Procore Technologies in the fourth quarter worth $202,000. Frontier Capital Management Co. LLC acquired a new stake in shares of Procore Technologies in the fourth quarter worth $20,370,000. Circle Wealth Management LLC increased its position in shares of Procore Technologies by 21.8% in the fourth quarter. Circle Wealth Management LLC now owns 6,810 shares of the company's stock worth $510,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new stake in shares of Procore Technologies in the fourth quarter worth $33,726,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. DA Davidson upgraded shares of Procore Technologies to a "hold" rating in a research note on Tuesday. Macquarie decreased their target price 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. Mizuho decreased their target price on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group decreased their target price on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, JMP Securities increased their price objective on shares of Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Procore Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.24.

Procore Technologies Stock Performance

Shares of NYSE PCOR traded down $0.35 during midday trading on Friday, hitting $71.08. The company's stock had a trading volume of 767,569 shares, compared to its average volume of 1,717,885. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The firm's fifty day moving average price is $64.77 and its 200-day moving average price is $72.56. 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 cap of $10.60 billion, a P/E ratio of -98.72 and a beta of 0.90.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued 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 the consensus estimate of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Procore Technologies's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted $0.30 EPS. On average, sell-side analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Activity at Procore Technologies

In other Procore Technologies news, CFO Howard Fu sold 8,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total transaction of $696,000.00. Following the sale, the chief financial officer now directly owns 156,188 shares in the company, valued at approximately $13,588,356. The trade was a 4.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Lawrence Joseph Stack sold 1,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $65.60, for a total transaction of $65,600.00. Following the sale, the executive now owns 217,868 shares in the company, valued at $14,292,140.80. This trade represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,142 shares of company stock worth $4,626,417 in the last ninety days. 29.00% of the stock is owned by insiders.

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.