8,095 Shares in Procore Technologies, Inc. (NYSE:PCOR) Bought by Wildcat Capital Management LLC

Wildcat Capital Management LLC acquired a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,095 shares of the company’s stock, valued at approximately $607,000. Procore Technologies accounts for 0.2% of Wildcat Capital Management LLC’s investment portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in Procore Technologies by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock worth $1,199,000 after purchasing an additional 129 shares during the period. CIBC Asset Management Inc increased its stake in Procore Technologies by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock worth $259,000 after buying an additional 143 shares during the period. Tanager Wealth Management LLP lifted its holdings in 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 buying an additional 168 shares in the last quarter. GAMMA Investing LLC boosted its position in Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after buying an additional 175 shares during the period. Finally, Versant Capital Management Inc grew its stake in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PCOR. Mizuho boosted their price target on Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Jefferies Financial Group raised Procore Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $100.00 in a research report on Monday, January 6th. Piper Sandler lifted their price objective on Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group assumed coverage on shares of Procore Technologies in a report on Monday, December 2nd. They set a “buy” rating and a $105.00 target price on the stock. Finally, Canaccord Genuity Group boosted their price target on shares of Procore Technologies from $67.00 to $83.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and an average price target of $86.00.

Insider Activity

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of Procore Technologies stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $76.18, for a total transaction of $114,270.00. Following the completion of the sale, the insider now owns 84,539 shares of the company’s stock, valued at approximately $6,440,181.02. The trade was a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William Fred Fleming, Jr. sold 2,668 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $190,388.48. Following the sale, the senior vice president now owns 72,605 shares in the company, valued at approximately $5,181,092.80. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,656 shares of company stock worth $8,776,297 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

Procore Technologies Stock Down 0.7 %

Procore Technologies stock opened at $74.26 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $77.73 and a two-hundred day moving average of $68.45. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $86.67.

About Procore Technologies

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.