Wildcat Capital Management LLC Purchases New Position in Procore Technologies, Inc. (NYSE:PCOR)

Wildcat Capital Management LLC purchased a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,095 shares of the company’s stock, valued at approximately $607,000. Procore Technologies comprises approximately 0.2% of Wildcat Capital Management LLC’s investment portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of PCOR. AQR Capital Management LLC purchased a new stake in shares of Procore Technologies in the 2nd quarter worth about $271,000. GAMMA Investing LLC boosted its position in Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares in the last quarter. Creative Planning bought a new stake in Procore Technologies during the 3rd quarter valued at approximately $234,000. Ellsworth Advisors LLC raised its position in shares of Procore Technologies by 9.1% in the 3rd quarter. Ellsworth Advisors LLC now owns 7,561 shares of the company’s stock worth $467,000 after acquiring an additional 631 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in shares of Procore Technologies in the 3rd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PCOR shares. UBS Group started coverage on Procore Technologies in a research note on Monday, December 2nd. They issued a “buy” rating and a $105.00 price target on the stock. Scotiabank increased their price target on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 22nd. JMP Securities reissued a “market outperform” rating and set a $90.00 price objective on shares of Procore Technologies in a research note on Friday, February 7th. Stifel Nicolaus raised their target price on shares of Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Mizuho lifted their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Procore Technologies presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Procore Technologies Stock Performance

Shares of NYSE:PCOR opened at $74.26 on Thursday. 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 business has a 50-day simple moving average of $77.73 and a two-hundred day simple moving average of $68.45. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67.

Insider Activity

In related news, insider Benjamin C. Singer sold 1,500 shares of Procore Technologies stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $76.18, for a total transaction of $114,270.00. Following the transaction, the insider now directly owns 84,539 shares in the company, valued at approximately $6,440,181.02. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William Fred Fleming, Jr. sold 2,668 shares of Procore Technologies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $190,388.48. Following the transaction, the senior vice president now directly owns 72,605 shares in the company, valued at $5,181,092.80. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 114,656 shares of company stock valued at $8,776,297 over the last three months. Insiders own 29.00% of the company’s stock.

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.