Procore Technologies, Inc. (NYSE:PCOR) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in Procore Technologies, Inc. (NYSE:PCOR) by 5.3% during the fourth quarter, Holdings Channel reports. The fund owned 88,154 shares of the company’s stock after purchasing an additional 4,407 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Procore Technologies were worth $6,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of PCOR. CIBC Asset Management Inc boosted its position in shares of Procore Technologies by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock valued at $259,000 after purchasing an additional 143 shares in the last quarter. Tanager Wealth Management LLP boosted its position in shares of Procore Technologies by 1.3% during the 3rd quarter. Tanager Wealth Management LLP now owns 12,747 shares of the company’s stock valued at $787,000 after purchasing an additional 168 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Procore Technologies by 6.9% in the third quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company’s stock worth $322,000 after buying an additional 336 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Buying and Selling at Procore Technologies

In related news, CEO Craig F. Jr. Courtemanche sold 22,665 shares of Procore Technologies stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $1,617,374.40. Following the completion of the transaction, the chief executive officer now directly owns 770,458 shares of the company’s stock, valued at $54,979,882.88. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William Fred Fleming, Jr. sold 15,000 shares of Procore Technologies stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.75, for a total value of $1,061,250.00. Following the completion of the transaction, the senior vice president now directly owns 75,120 shares of the company’s stock, valued at $5,314,740. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,693 shares of company stock valued at $10,479,096. 29.00% of the stock is currently owned by company insiders.

Procore Technologies Stock Performance

PCOR traded down $1.55 during trading on Friday, reaching $74.77. 297,384 shares of the company’s stock were exchanged, compared to its average volume of 998,253. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $76.24 and a 200 day moving average price of $66.74. The company has a market capitalization of $11.12 billion, a P/E ratio of -149.54 and a beta of 0.83.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. DA Davidson increased their price target on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Baird R W raised shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Mizuho raised their price objective on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their price objective on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets raised their price objective on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Four equities research 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. According to data from MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and an average target price of $86.00.

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.