Procore Technologies, Inc. (NYSE:PCOR) Position Increased by Manchester Global Management UK Ltd

Manchester Global Management UK Ltd boosted its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 431,603 shares of the company's stock after acquiring an additional 78,783 shares during the quarter. Procore Technologies comprises 4.3% of Manchester Global Management UK Ltd's investment portfolio, making the stock its 9th biggest holding. Manchester Global Management UK Ltd owned 0.29% of Procore Technologies worth $32,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Versant Capital Management Inc boosted its holdings in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Parkside Financial Bank & Trust boosted 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. V Square Quantitative Management LLC grew its holdings in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock worth $44,000 after acquiring an additional 162 shares during the period. Huntington National Bank raised its position in Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company's stock worth $49,000 after acquiring an additional 404 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Procore Technologies in the fourth quarter valued at $53,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procore Technologies

In related news, CFO Howard Fu sold 1,480 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $60.02, for a total transaction of $88,829.60. Following the sale, the chief financial officer now directly owns 206,704 shares in the company, valued at approximately $12,406,374.08. This trade represents a 0.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total value of $93,867.60. Following the transaction, the insider now directly owns 200 shares in the company, valued at $17,480. This trade represents a 84.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,962 shares of company stock worth $5,041,588 in the last three months. 29.00% of the stock is currently owned by company insiders.

Procore Technologies Trading Up 1.3 %

Shares of NYSE PCOR traded up $0.81 on Friday, reaching $63.80. 1,082,207 shares of the company traded hands, compared to its average volume of 1,738,507. The company has a 50 day moving average of $67.74 and a 200 day moving average of $72.23. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. The stock has a market capitalization of $9.57 billion, a PE ratio of -88.61 and a beta of 0.90.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The company had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. On average, equities research analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PCOR. JPMorgan Chase & Co. cut their price target on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Macquarie reduced their price target on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. BMO Capital Markets decreased their price target on Procore Technologies from $95.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday. Piper Sandler dropped their price objective on Procore Technologies from $110.00 to $75.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Barclays decreased their target price on Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Procore Technologies presently has an average rating of "Moderate Buy" and an average price target of $81.18.

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.