Aster Capital Management DIFC Ltd Acquires 544 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Aster Capital Management DIFC Ltd grew its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 181.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 843 shares of the company’s stock after buying an additional 544 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Procore Technologies were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PCOR. Chicago Partners Investment Group LLC grew its position in shares of Procore Technologies by 0.8% during the 4th 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 in the last quarter. Parkside Financial Bank & Trust lifted its stake in Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Versant Capital Management Inc increased its position in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Procore Technologies by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 4,438 shares of the company’s stock worth $333,000 after purchasing an additional 234 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CRO Lawrence Joseph Stack sold 12,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $82.92, for a total value of $995,040.00. Following the completion of the sale, the executive now directly owns 161,368 shares of the company’s stock, valued at $13,380,634.56. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $73.62, for a total transaction of $377,523.36. Following the sale, the director now directly owns 1,264,700 shares of the company’s stock, valued at approximately $93,107,214. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,604 shares of company stock valued at $5,427,468. 29.00% of the stock is currently owned by company insiders.

Procore Technologies Trading Up 13.2 %

Procore Technologies stock opened at $63.73 on Thursday. The firm’s 50 day moving average price is $72.32 and its 200-day moving average price is $72.26. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92. The stock has a market cap of $9.55 billion, a P/E ratio of -88.51 and a beta of 0.90. 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 (NYSE:PCOR) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The firm had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. On average, equities analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PCOR has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Procore Technologies from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. KeyCorp increased their price target on shares of Procore Technologies from $85.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. UBS Group upped their price objective on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird raised their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.24.

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.