Science & Technology Partners L.P. Purchases Shares of 341,086 Procore Technologies, Inc. (NYSE:PCOR)

Science & Technology Partners L.P. acquired a new position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 341,086 shares of the company's stock, valued at approximately $25,558,000. Procore Technologies makes up 7.8% of Science & Technology Partners L.P.'s investment portfolio, making the stock its 3rd biggest holding. Science & Technology Partners L.P. owned 0.23% of Procore Technologies at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PCOR. Versant Capital Management Inc raised its holdings in Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 147 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock worth $44,000 after purchasing an additional 162 shares during the last quarter. Huntington National Bank lifted its holdings in Procore Technologies by 161.6% in the 4th quarter. Huntington National Bank now owns 654 shares of the company's stock worth $49,000 after buying an additional 404 shares during the period. Finally, Hilltop National Bank bought a new stake in Procore Technologies in the fourth quarter valued at $53,000. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Stock Performance

Shares of NYSE:PCOR traded up $0.55 during midday trading on Tuesday, reaching $64.23. 436,196 shares of the company's stock traded hands, compared to its average volume of 1,434,563. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The company has a market cap of $9.63 billion, a price-to-earnings ratio of -89.21 and a beta of 0.90. The stock has a 50 day moving average of $67.29 and a 200 day moving average of $72.32.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $297.72 million. As a group, equities research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PCOR has been the topic of a number of research reports. Macquarie cut their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Barclays cut their price objective 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. UBS Group lowered their target price on Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, JMP Securities raised their price objective on Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.18.

Insider Buying and Selling

In other Procore Technologies news, CFO Howard Fu sold 8,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $87.00, for a total value of $696,000.00. Following the transaction, the chief financial officer now owns 156,188 shares of the company's stock, valued at approximately $13,588,356. This represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Connor Kevin J. O sold 6,410 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $77.33, for a total value of $495,685.30. Following the sale, the director now owns 1,244,188 shares of the company's stock, valued at approximately $96,213,058.04. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,962 shares of company stock worth $5,041,588. 29.00% of the stock is owned by 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.