New York State Common Retirement Fund Purchases 19,089 Shares of Procore Technologies, Inc. (NYSE:PCOR)

New York State Common Retirement Fund lifted its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 183,528 shares of the company's stock after purchasing an additional 19,089 shares during the quarter. New York State Common Retirement Fund owned 0.13% of Procore Technologies worth $12,704,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC lifted its position in shares of Procore Technologies by 4,290.2% during the fourth quarter. Cerity Partners LLC now owns 1,334,194 shares of the company's stock worth $92,353,000 after purchasing an additional 1,303,804 shares during the last quarter. Vanguard Group Inc. grew its stake in Procore Technologies by 13.2% in the third quarter. Vanguard Group Inc. now owns 8,538,670 shares of the company's stock valued at $557,746,000 after purchasing an additional 995,757 shares during the last quarter. Invesco Ltd. grew its stake in Procore Technologies by 32.8% in the third quarter. Invesco Ltd. now owns 2,398,257 shares of the company's stock valued at $156,654,000 after purchasing an additional 592,318 shares during the last quarter. Jennison Associates LLC grew its stake in Procore Technologies by 722.9% in the fourth quarter. Jennison Associates LLC now owns 586,523 shares of the company's stock valued at $40,599,000 after purchasing an additional 515,245 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Procore Technologies by 940.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 407,530 shares of the company's stock valued at $26,620,000 after purchasing an additional 368,370 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procore Technologies

In related news, CFO Howard Fu sold 1,441 shares of the business's stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $71.02, for a total transaction of $102,339.82. Following the completion of the sale, the chief financial officer now directly owns 192,178 shares in the company, valued at $13,648,481.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Procore Technologies news, CFO Howard Fu sold 1,441 shares of the company's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $71.02, for a total value of $102,339.82. Following the completion of the sale, the chief financial officer now directly owns 192,178 shares in the company, valued at approximately $13,648,481.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Benjamin C. Singer sold 3,000 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $78.26, for a total value of $234,780.00. Following the completion of the sale, the insider now owns 101,865 shares of the company's stock, valued at $7,971,954.90. The disclosure for this sale can be found here. Insiders sold a total of 467,672 shares of company stock valued at $36,612,454 in the last three months. 39.20% of the stock is currently owned by company insiders.

Procore Technologies Stock Performance

NYSE:PCOR traded down $0.17 during trading hours on Wednesday, reaching $68.25. The company had a trading volume of 2,788,893 shares, compared to its average volume of 1,236,121. Procore Technologies, Inc. has a 1-year low of $48.11 and a 1-year high of $83.35. The firm has a market cap of $9.99 billion, a PE ratio of -51.31 and a beta of 0.71. The business's 50 day moving average price is $76.54 and its 200-day moving average price is $68.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.13. The business had revenue of $260.04 million during the quarter, compared to the consensus estimate of $248.20 million. Procore Technologies had a negative return on equity of 12.26% and a negative net margin of 19.97%. Research analysts forecast that Procore Technologies, Inc. will post -0.64 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their target price on Procore Technologies from $76.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday, January 23rd. JMP Securities boosted their price target on Procore Technologies from $81.00 to $93.00 and gave the stock a "market outperform" rating in a research note on Friday, February 16th. Stifel Nicolaus boosted their price target on Procore Technologies from $64.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. BMO Capital Markets boosted their price target on Procore Technologies from $76.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Finally, DA Davidson restated a "buy" rating and set a $95.00 price target on shares of Procore Technologies in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.86.

Procore Technologies 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.