Square Peg Capital PTY Ltd. Invests $13.74 Million in Procore Technologies, Inc. (NYSE:PCOR)

Square Peg Capital PTY Ltd. purchased a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 183,351 shares of the company's stock, valued at approximately $13,738,000. Procore Technologies makes up approximately 12.6% of Square Peg Capital PTY Ltd.'s portfolio, making the stock its 3rd biggest position. Square Peg Capital PTY Ltd. owned about 0.12% of Procore Technologies as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PCOR. US Bancorp DE boosted its stake in shares of Procore Technologies by 18.8% in the 4th quarter. US Bancorp DE now owns 21,416 shares of the company's stock worth $1,605,000 after buying an additional 3,390 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Procore Technologies during the fourth quarter worth about $20,729,000. Barclays PLC raised its position in shares of Procore Technologies by 49.1% during the third quarter. Barclays PLC now owns 69,012 shares of the company's stock valued at $4,259,000 after buying an additional 22,734 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Procore Technologies during the 4th quarter valued at about $56,000. Finally, KBC Group NV lifted its position in shares of Procore Technologies by 1,550.7% in the fourth quarter. KBC Group NV now owns 44,933 shares of the company's stock worth $3,367,000 after buying an additional 42,211 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procore Technologies

In related news, Director Connor Kevin J. O sold 7,700 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $56.67, for a total transaction of $436,359.00. Following the completion of the transaction, the director now directly owns 1,208,284 shares in the company, valued at $68,473,454.28. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the sale, the executive now directly owns 161,368 shares in the company, valued at approximately $13,380,634.56. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,760 shares of company stock valued at $4,391,604 in the last quarter. 29.00% of the stock is currently owned by corporate insiders.

Procore Technologies Stock Down 2.7%

PCOR traded down $1.86 on Wednesday, hitting $67.78. The company had a trading volume of 317,942 shares, compared to its average volume of 1,713,098. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of -94.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a fifty day moving average price of $65.00 and a 200-day moving average price of $72.73. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $310.63 million during the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Procore Technologies's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. Analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PCOR shares. Stifel Nicolaus decreased their price target on shares of Procore Technologies from $93.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. KeyCorp lowered their price objective on Procore Technologies from $96.00 to $77.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. BMO Capital Markets reduced their price objective on shares of Procore Technologies from $95.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Scotiabank lowered their target price on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Finally, DA Davidson raised shares of Procore Technologies to a "hold" rating in a research note on Tuesday, May 13th. Four 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. According to data from MarketBeat.com, Procore Technologies has an average rating of "Moderate Buy" and a consensus price target of $80.24.

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.