Canada Pension Plan Investment Board Has $8.77 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Canada Pension Plan Investment Board raised its stake in Procore Technologies, Inc. (NYSE:PCOR) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,100 shares of the company’s stock after acquiring an additional 6,200 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Procore Technologies were worth $8,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PCOR. Chicago Partners Investment Group LLC grew its stake in shares of Procore Technologies by 0.8% during the fourth 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 during the last quarter. Parkside Financial Bank & Trust increased its holdings in Procore Technologies by 61.3% in 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 in the last quarter. V Square Quantitative Management LLC raised its position in Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 175 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Procore Technologies by 15.1% in the fourth quarter. Covestor Ltd now owns 1,571 shares of the company’s stock valued at $118,000 after buying an additional 206 shares during the period. 81.10% of the stock is owned by institutional investors.

Procore Technologies Stock Down 3.6 %

Shares of NYSE:PCOR opened at $56.27 on Tuesday. The firm has a market cap of $8.44 billion, a P/E ratio of -78.15 and a beta of 0.90. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $88.92. The business’s 50 day simple moving average is $69.63 and its two-hundred day simple moving average is $72.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

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). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The business had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. As a group, research analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PCOR has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Procore Technologies from $97.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. JMP Securities lifted their target price on Procore Technologies from $90.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 18th. Jefferies Financial Group decreased their price target on Procore Technologies from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 31st. DA Davidson reduced their target price on Procore Technologies from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, UBS Group raised their price target on shares of Procore Technologies from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 14th. 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.com, Procore Technologies has an average rating of “Moderate Buy” and a consensus target price of $85.76.

Insider Buying and Selling

In other Procore Technologies news, CFO Howard Fu sold 1,216 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $61.34, for a total transaction of $74,589.44. Following the transaction, the chief financial officer now directly owns 208,184 shares in the company, valued at approximately $12,770,006.56. This trade represents a 0.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the sale, the executive now owns 161,368 shares of the company’s stock, valued at approximately $13,380,634.56. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,482 shares of company stock worth $4,952,759 in the last quarter. 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.