Charles Schwab Investment Management Inc. Grows Stake in Procore Technologies, Inc. (NYSE:PCOR)

Charles Schwab Investment Management Inc. grew its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 546,102 shares of the company's stock after acquiring an additional 21,172 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.38% of Procore Technologies worth $37,801,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its position in shares of Procore Technologies by 6,823.1% during the fourth quarter. International Assets Investment Management LLC now owns 900 shares of the company's stock valued at $62,000 after buying an additional 887 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Procore Technologies in the third quarter worth approximately $261,000. Bullseye Asset Management LLC lifted its position in Procore Technologies by 100.4% during the third quarter. Bullseye Asset Management LLC now owns 3,993 shares of the company's stock valued at $261,000 after purchasing an additional 2,000 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Procore Technologies in the fourth quarter worth approximately $265,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in Procore Technologies by 8.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,167 shares of the company's stock worth $272,000 after purchasing an additional 316 shares during the period. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procore Technologies

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 completion of the sale, the insider now owns 122,321 shares of the company's stock, valued at $8,446,265.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Craig F. Jr. Courtemanche sold 68,000 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The shares were 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 of the company's stock, valued at $36,557,479.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Benjamin C. Singer sold 3,000 shares of Procore Technologies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $69.05, for a total value of $207,150.00. Following the completion of the transaction, the insider now owns 122,321 shares in the company, valued at $8,446,265.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 511,146 shares of company stock worth $39,475,882. Insiders own 39.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Procore Technologies from $90.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, May 2nd. KeyCorp boosted their price objective on shares of Procore Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, February 16th. Piper Sandler decreased their target price on Procore Technologies from $80.00 to $77.00 and set an "overweight" rating on the stock in a report on Thursday, May 2nd. 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. Finally, DA Davidson reaffirmed a "buy" rating and issued a $95.00 price objective on shares of Procore Technologies in a research note on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Procore Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $81.79.

Procore Technologies Trading Down 0.2 %

Shares of PCOR stock traded down $0.14 during trading hours on Tuesday, reaching $70.24. 1,003,232 shares of the stock were exchanged, compared to its average volume of 1,258,350. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of -73.17 and a beta of 0.78. Procore Technologies, Inc. has a 12-month low of $48.11 and a 12-month high of $83.35. The company's 50-day moving average price is $74.11 and its 200-day moving average price is $69.67. The company has a current ratio of 1.61, a quick ratio of 1.60 and a debt-to-equity ratio of 0.04.

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.