Oppenheimer Asset Management Inc. Acquires 11,022 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,969 shares of the company’s stock after acquiring an additional 11,022 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Procore Technologies were worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co grew its holdings in Procore Technologies by 157.1% during the 4th quarter. Diversified Trust Co now owns 50,649 shares of the company’s stock worth $3,795,000 after acquiring an additional 30,948 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in Procore Technologies by 39.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock worth $59,635,000 after acquiring an additional 272,030 shares in the last quarter. Barclays PLC grew its holdings in Procore Technologies by 49.1% during the 3rd quarter. Barclays PLC now owns 69,012 shares of the company’s stock worth $4,259,000 after acquiring an additional 22,734 shares in the last quarter. Advantage Alpha Capital Partners LP grew its holdings in Procore Technologies by 30.2% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock worth $7,825,000 after acquiring an additional 29,431 shares in the last quarter. Finally, Pathstone Holdings LLC grew its holdings in Procore Technologies by 804.3% during the 3rd quarter. Pathstone Holdings LLC now owns 145,802 shares of the company’s stock worth $8,999,000 after acquiring an additional 129,679 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Stock Up 0.5 %

PCOR stock opened at $76.32 on Friday. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $88.92. 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 stock has a market capitalization of $11.35 billion, a PE ratio of -106.00 and a beta of 0.84. The firm has a 50 day moving average of $78.19 and a 200 day moving average of $70.23.

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 analysts’ consensus estimates 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 business had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Sell-side analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PCOR shares. Robert W. Baird raised their price target on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. TD Cowen raised their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Jefferies Financial Group upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $100.00 in a report on Monday, January 6th. Finally, UBS Group raised their price target on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.94.

Insiders Place Their Bets

In other news, CRO Lawrence Joseph Stack sold 12,000 shares of Procore Technologies stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the transaction, the executive now directly owns 161,368 shares of the company’s stock, valued at $13,380,634.56. The trade was a 6.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Benjamin C. Singer sold 6,937 shares of Procore Technologies stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $83.60, for a total transaction of $579,933.20. Following the transaction, the insider now directly owns 72,110 shares of the company’s stock, valued at approximately $6,028,396. This trade represents a 8.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,311 shares of company stock valued at $7,720,903. 29.00% of the stock is owned by insiders.

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.