KBC Group NV Acquires 435 Shares of Procore Technologies, Inc. (NYSE:PCOR)

KBC Group NV boosted its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 19.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,722 shares of the company’s stock after acquiring an additional 435 shares during the period. KBC Group NV’s holdings in Procore Technologies were worth $168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Procore Technologies during the third quarter valued at approximately $26,000. Signaturefd LLC lifted its holdings in shares of Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after buying an additional 216 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after acquiring an additional 789 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Procore Technologies during the second quarter valued at $51,000. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Stock Performance

NYSE:PCOR opened at $70.26 on Thursday. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of -140.52 and a beta of 0.71. The firm’s fifty day moving average price is $63.46 and its 200 day moving average price is $63.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $83.35.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The firm had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. On average, sell-side analysts expect that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut their price target on Procore Technologies from $85.00 to $73.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Barclays increased their price objective on shares of Procore Technologies from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. BMO Capital Markets reduced their target price on shares of Procore Technologies from $85.00 to $71.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. DA Davidson reaffirmed a “neutral” rating and set a $60.00 price target on shares of Procore Technologies in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Procore Technologies from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, eleven 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 target price of $70.25.

Insider Activity at Procore Technologies

In other Procore Technologies news, major shareholder Iconiq Strategic Partners Ii, sold 12,340 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $71.04, for a total transaction of $876,633.60. Following the transaction, the insider now directly owns 2,284,989 shares in the company, valued at $162,325,618.56. This represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William Fred Fleming, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 75,120 shares in the company, valued at $5,314,740. The trade was a 16.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,997 shares of company stock valued at $4,497,153 over the last quarter. 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.