George Kaiser Family Foundation Has $3.80 Million Stake in Procore Technologies, Inc. $PCOR

George Kaiser Family Foundation increased its position in Procore Technologies, Inc. (NYSE:PCOR) by 124.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,065 shares of the company’s stock after purchasing an additional 28,897 shares during the quarter. Procore Technologies makes up 0.5% of George Kaiser Family Foundation’s portfolio, making the stock its 12th largest holding. George Kaiser Family Foundation’s holdings in Procore Technologies were worth $3,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC raised its stake in shares of Procore Technologies by 465.2% in the 3rd quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock valued at $28,000 after buying an additional 321 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Procore Technologies during the 3rd quarter valued at about $34,000. Jones Financial Companies Lllp increased its stake in Procore Technologies by 70.8% in the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. First Horizon Corp acquired a new position in Procore Technologies in the third quarter worth about $49,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Procore Technologies in the third quarter worth about $57,000. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PCOR shares. UBS Group decreased their price objective on Procore Technologies from $87.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Stifel Nicolaus decreased their price target on Procore Technologies from $85.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Barclays lowered their price target on Procore Technologies from $90.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Wall Street Zen cut Procore Technologies from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research downgraded shares of Procore Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Seventeen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.95.

Procore Technologies Trading Up 2.5%

PCOR stock opened at $57.90 on Thursday. The business has a fifty day moving average price of $61.61 and a 200 day moving average price of $68.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.32 and a quick ratio of 1.32. Procore Technologies, Inc. has a fifty-two week low of $46.08 and a fifty-two week high of $82.32. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of -86.42 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Procore Technologies had a negative return on equity of 3.96% and a negative net margin of 7.62%.The company had revenue of $349.11 million for the quarter, compared to analyst estimates of $340.80 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. Analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Procore Technologies

In other news, insider Benjamin C. Singer sold 4,225 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total transaction of $211,250.00. Following the transaction, the insider directly owned 64,660 shares in the company, valued at approximately $3,233,000. This represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Connor Kevin J. O sold 9,615 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $54.48, for a total transaction of $523,825.20. Following the sale, the director directly owned 1,012,136 shares in the company, valued at $55,141,169.28. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 314,098 shares of company stock worth $22,229,482 over the last quarter. Corporate insiders own 21.50% 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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.