Vanderbilt University Has $3.74 Million Stake in Procore Technologies, Inc. (NYSE:PCOR)

Vanderbilt University raised its position in Procore Technologies, Inc. (NYSE:PCOR) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,875 shares of the company’s stock after buying an additional 2,504 shares during the quarter. Procore Technologies comprises about 0.7% of Vanderbilt University’s portfolio, making the stock its 28th largest position. Vanderbilt University’s holdings in Procore Technologies were worth $3,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Choreo LLC bought a new position in Procore Technologies in the fourth quarter valued at approximately $247,000. Conestoga Capital Advisors LLC bought a new stake in Procore Technologies during the fourth quarter worth $15,544,000. Jennison Associates LLC boosted its holdings in shares of Procore Technologies by 33.2% in the 4th quarter. Jennison Associates LLC now owns 345,881 shares of the company’s stock valued at $25,917,000 after purchasing an additional 86,277 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Procore Technologies by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock worth $1,199,000 after buying an additional 129 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its position in shares of Procore Technologies by 8.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 28,821 shares of the company’s stock worth $2,160,000 after buying an additional 2,192 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Stock Down 0.2 %

Shares of PCOR stock opened at $77.46 on Thursday. The business’s 50 day simple moving average is $78.43 and its 200 day simple moving average is $68.24. 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, Inc. has a one year low of $49.46 and a one year high of $86.67.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho lifted their target price on Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. UBS Group assumed coverage on shares of Procore Technologies in a report on Monday, December 2nd. They set a “buy” rating and a $105.00 price target on the stock. Stifel Nicolaus increased their price objective 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. TD Cowen boosted their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, DA Davidson increased their price target on Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Insider Transactions at Procore Technologies

In related news, Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $70.47, for a total transaction of $361,370.16. Following the completion of the sale, the director now owns 1,335,208 shares of the company’s stock, valued at $94,092,107.76. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William Fred Fleming, Jr. sold 2,668 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $190,388.48. Following the completion of the transaction, the senior vice president now directly owns 72,605 shares in the company, valued at approximately $5,181,092.80. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,304 shares of company stock worth $9,026,520. Company 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.