Procore Technologies, Inc. (NYSE:PCOR) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 10.1% during the fourth quarter, Holdings Channel reports. The firm owned 74,510 shares of the company’s stock after acquiring an additional 6,827 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Procore Technologies were worth $5,583,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PCOR. Versant Capital Management Inc raised its stake in Procore Technologies by 92.1% during the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 147 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Procore Technologies by 37.8% in the 4th 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. Hilltop National Bank acquired a new position in Procore Technologies during the 4th quarter valued at approximately $53,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Procore Technologies by 1,434.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company’s stock worth $54,000 after buying an additional 674 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PCOR shares. Canaccord Genuity Group boosted their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a report on Friday, February 14th. JMP Securities upped 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 report on Tuesday, February 18th. Piper Sandler lifted their price target on Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus boosted their price objective on Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird raised their target price on Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Four investment 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 stock. According to MarketBeat.com, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $90.24.

Procore Technologies Stock Performance

Shares of PCOR opened at $66.74 on Friday. 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 firm’s 50 day moving average is $75.77 and its 200-day moving average is $72.07. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92. The stock has a market capitalization of $10.01 billion, a P/E ratio of -92.70 and a beta of 0.85.

Procore Technologies (NYSE:PCOR) last posted its quarterly 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). The company had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Equities research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Activity

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the sale, the insider now directly owns 83,039 shares of the company’s stock, valued at $6,477,042. The trade was a 1.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $73.62, for a total value of $377,523.36. Following the completion of the sale, the director now directly owns 1,264,700 shares of the company’s stock, valued at approximately $93,107,214. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,604 shares of company stock valued at $5,427,468 over the last three months. Insiders own 29.00% of the company’s stock.

Procore Technologies Company 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.