Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,200 shares of the company’s stock after purchasing an additional 1,300 shares during the period. Handelsbanken Fonder AB’s holdings in Procore Technologies were worth $1,514,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of Procore Technologies by 92.1% in 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 in the last quarter. V Square Quantitative Management LLC increased its position in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after acquiring an additional 789 shares in the last quarter. Hilltop National Bank purchased a new position in shares of Procore Technologies in the fourth quarter worth approximately $53,000. Finally, GAMMA Investing LLC increased its position in shares of Procore Technologies by 84.7% in the fourth quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock worth $56,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Buying and Selling

In other Procore Technologies news, Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction on Monday, January 13th. The shares were sold at an average price of $73.62, for a total transaction of $377,523.36. Following the completion of the transaction, the director now directly owns 1,264,700 shares of the company’s stock, valued at $93,107,214. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of Procore Technologies stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction 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 three months, insiders have sold 95,311 shares of company stock worth $7,720,903. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Down 0.6 %

Shares of NYSE PCOR opened at $78.42 on Thursday. The firm’s 50-day moving average is $78.19 and its 200-day moving average is $70.04. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92. The firm has a market capitalization of $11.66 billion, a PE ratio of -108.92 and a beta of 0.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

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

Wall Street Analyst Weigh In

PCOR has been the topic of several analyst reports. Jefferies Financial Group raised shares of Procore Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $80.00 to $100.00 in a research report on Monday, January 6th. DA Davidson boosted their price objective on shares of Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their price objective on shares of Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird lifted their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, KeyCorp boosted their price objective on shares of Procore Technologies from $85.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.94.

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.