Procore Technologies, Inc. (NYSE:PCOR) Stock Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 709.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,039 shares of the company's stock after acquiring an additional 123,607 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Procore Technologies worth $9,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in shares of Procore Technologies during the third quarter valued at $36,000. International Assets Investment Management LLC boosted its stake in shares of Procore Technologies by 6,823.1% during the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company's stock worth $62,000 after purchasing an additional 887 shares during the last quarter. Conestoga Capital Advisors LLC purchased a new stake in shares of Procore Technologies during the third quarter worth about $202,000. Portside Wealth Group LLC raised its position in shares of Procore Technologies by 7.5% in the third quarter. Portside Wealth Group LLC now owns 3,311 shares of the company's stock valued at $215,000 after buying an additional 231 shares during the last quarter. Finally, Raymond James & Associates purchased a new position in shares of Procore Technologies during the third quarter valued at approximately $261,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analysts Forecast Growth

PCOR has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on Procore Technologies from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 16th. BMO Capital Markets dropped their target price on Procore Technologies from $90.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, May 2nd. DA Davidson reissued a "buy" rating and issued a $95.00 price target on shares of Procore Technologies in a research note on Thursday, March 14th. Stifel Nicolaus upped their price objective on shares of Procore Technologies from $64.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Finally, Piper Sandler decreased their target price on shares of Procore Technologies from $80.00 to $77.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $81.79.

Procore Technologies Trading Down 0.1 %

Shares of PCOR stock traded down $0.07 during mid-day trading on Tuesday, reaching $68.45. The company's stock had a trading volume of 1,332,311 shares, compared to its average volume of 1,281,066. The company's 50 day simple moving average is $76.12 and its 200-day simple moving average is $68.96. The company has a quick ratio of 1.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.04. Procore Technologies, Inc. has a 12-month low of $48.11 and a 12-month high of $83.35. The firm has a market capitalization of $10.02 billion, a PE ratio of -71.57 and a beta of 0.78.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.13. Procore Technologies had a negative return on equity of 8.25% and a negative net margin of 13.64%. The company had revenue of $260.04 million for the quarter, compared to analysts' expectations of $248.20 million. On average, research analysts predict that Procore Technologies, Inc. will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Benjamin C. Singer sold 3,000 shares of Procore Technologies stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $69.05, for a total transaction of $207,150.00. Following the sale, the insider now owns 122,321 shares in the company, valued at $8,446,265.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Benjamin C. Singer sold 3,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $69.05, for a total transaction of $207,150.00. Following the completion of the sale, the insider now directly owns 122,321 shares in the company, valued at $8,446,265.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig F. Jr. Courtemanche sold 68,000 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $68.97, for a total value of $4,689,960.00. Following the completion of the transaction, the chief executive officer now owns 530,049 shares in the company, valued at approximately $36,557,479.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 533,544 shares of company stock valued at $41,139,271. Corporate insiders own 39.20% of the company's stock.

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.