Procore Technologies, Inc. (NYSE:PCOR) Shares Acquired by Diversified Trust Co

Diversified Trust Co boosted its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 157.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,649 shares of the company’s stock after purchasing an additional 30,948 shares during the quarter. Diversified Trust Co’s holdings in Procore Technologies were worth $3,795,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Westfield Capital Management Co. LP boosted its position in shares of Procore Technologies by 39.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock valued at $59,635,000 after purchasing an additional 272,030 shares during the period. Advantage Alpha Capital Partners LP lifted its stake in Procore Technologies by 30.2% in the third quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock valued at $7,825,000 after buying an additional 29,431 shares during the last quarter. Barclays PLC grew 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 worth $4,259,000 after acquiring an additional 22,734 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Procore Technologies by 804.3% in the 3rd quarter. Pathstone Holdings LLC now owns 145,802 shares of the company’s stock valued at $8,999,000 after acquiring an additional 129,679 shares during the period. Finally, Geode Capital Management LLC raised its position in Procore Technologies by 10.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,716,432 shares of the company’s stock valued at $105,967,000 after purchasing an additional 168,769 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Stock Performance

PCOR opened at $76.18 on Wednesday. The stock’s 50 day simple moving average is $75.75 and its 200 day simple moving average is $66.61. The stock has a market cap of $11.33 billion, a P/E ratio of -152.36 and a beta of 0.83. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $86.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The business had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. As a group, equities analysts anticipate that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Barclays boosted their price target on Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. The Goldman Sachs Group increased their price objective on Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird boosted their target price on Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group raised Procore Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $100.00 in a report on Monday. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Procore Technologies has an average rating of “Moderate Buy” and an average price target of $86.00.

Insiders Place Their Bets

In other news, Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $62.07, for a total value of $318,294.96. Following the completion of the transaction, the director now directly owns 1,355,720 shares of the company’s stock, valued at $84,149,540.40. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $76.18, for a total value of $114,270.00. Following the completion of the sale, the insider now owns 84,539 shares in the company, valued at $6,440,181.02. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 142,693 shares of company stock worth $10,479,096. 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.