Bamco Inc. NY Has $74.39 Million Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

Bamco Inc. NY grew its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 992,794 shares of the company's stock after acquiring an additional 86,943 shares during the quarter. Bamco Inc. NY owned about 0.67% of Procore Technologies worth $74,390,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Diversified Trust Co lifted its position in Procore Technologies by 157.1% in the fourth quarter. Diversified Trust Co now owns 50,649 shares of the company's stock worth $3,795,000 after purchasing an additional 30,948 shares during the period. US Bancorp DE raised its position in shares of Procore Technologies by 18.8% during the fourth quarter. US Bancorp DE now owns 21,416 shares of the company's stock worth $1,605,000 after purchasing an additional 3,390 shares during the period. Raymond James Financial Inc. purchased a new stake in Procore Technologies during the fourth quarter valued at about $20,729,000. Barclays PLC grew its position in Procore Technologies by 49.1% during the 3rd quarter. Barclays PLC now owns 69,012 shares of the company's stock worth $4,259,000 after purchasing an additional 22,734 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Procore Technologies during the fourth quarter valued at $56,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analyst Weigh In

PCOR has been the subject of a number of research analyst reports. BMO Capital Markets reduced their price target on shares of Procore Technologies from $95.00 to $75.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price target on Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Scotiabank decreased their price target on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. KeyCorp lowered their target price on shares of Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Stifel Nicolaus reduced their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.24.

Procore Technologies Stock Down 1.2 %

PCOR traded down $0.79 during trading on Friday, hitting $65.61. The company had a trading volume of 619,555 shares, compared to its average volume of 1,427,968. The firm's 50-day moving average price is $65.02 and its 200 day moving average price is $72.27. The company has a market capitalization of $9.79 billion, a PE ratio of -91.12 and a beta of 0.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The company had revenue of $310.63 million for the quarter, compared to the consensus estimate of $302.66 million. During the same period last year, the company earned $0.30 earnings per share. The firm's revenue was up 15.3% compared to the same quarter last year. As a group, equities analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insider Activity at Procore Technologies

In other Procore Technologies news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of Procore Technologies stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total transaction of $93,867.60. Following the completion of the transaction, the insider now directly owns 200 shares of the company's stock, valued at $17,480. The trade was a 84.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Howard Fu sold 1,190 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $67.00, for a total transaction of $79,730.00. Following the sale, the chief financial officer now owns 146,160 shares of the company's stock, valued at $9,792,720. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,142 shares of company stock valued at $4,053,807. 29.00% of the stock is owned by corporate insiders.

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.