Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by EPIQ Capital Group LLC

EPIQ Capital Group LLC grew its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 50.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,034 shares of the company’s stock after acquiring an additional 7,714 shares during the period. Procore Technologies comprises approximately 0.5% of EPIQ Capital Group LLC’s portfolio, making the stock its 28th largest position. EPIQ Capital Group LLC’s holdings in Procore Technologies were worth $1,726,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PCOR. Assenagon Asset Management S.A. boosted its holdings in Procore Technologies by 99.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company’s stock valued at $214,377,000 after purchasing an additional 1,425,967 shares during the period. Meritage Group LP boosted its stake in shares of Procore Technologies by 66.6% in the 3rd quarter. Meritage Group LP now owns 2,745,504 shares of the company’s stock valued at $169,453,000 after buying an additional 1,098,019 shares during the period. Principal Financial Group Inc. grew its position in shares of Procore Technologies by 29,376.1% during the fourth quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company’s stock worth $200,810,000 after buying an additional 2,670,872 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Procore Technologies by 128.7% during the third quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company’s stock worth $142,267,000 after buying an additional 1,297,151 shares during the period. Finally, Holocene Advisors LP raised its holdings in Procore Technologies by 1.1% in the third quarter. Holocene Advisors LP now owns 1,873,343 shares of the company’s stock valued at $115,623,000 after acquiring an additional 21,234 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Insider Activity

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 12,000 shares of Procore Technologies stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $82.92, for a total value of $995,040.00. Following the sale, the executive now owns 161,368 shares of the company’s stock, valued at approximately $13,380,634.56. The trade was a 6.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the 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 of the company’s stock, valued at approximately $17,480. This trade represents a 84.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,953 shares of company stock valued at $7,924,469. Company insiders own 29.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on PCOR shares. Canaccord Genuity Group boosted their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JMP Securities boosted their target price on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price target on Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Scotiabank upped their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 22nd. Finally, Stifel Nicolaus raised their target price on Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Four 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.94.

Procore Technologies Stock Up 1.6 %

Shares of NYSE:PCOR opened at $73.33 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $10.99 billion, a P/E ratio of -101.84 and a beta of 0.85. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The firm has a fifty day moving average price of $77.88 and a 200 day moving average price of $70.99.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). The company had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. Sell-side analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

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.