Billionaire Daniel Sundheim is Buying These 5 Tech Stocks

1. Procore Technologies, Inc. (NYSE:PCOR)

Sundheim’s Stake Value: $654.9 million

Percentage of Daniel Sundheim’s 13F Portfolio: 4.28%

Number of Hedge Fund Holders: 28

Procore Technologies, Inc. (NYSE:PCOR) is an American company engaged in construction management software. Headquartered in California, it provides a platform for construction companies to manage their projects. Procore Technologies, Inc. (NYSE:PCOR) comes in at first place on our list of the 10 tech stocks billionaire Daniel Sundheim is buying.

In Q2 2021, the company posted revenue of $122.79 million, an increase of 27.2% on a year-over-year basis, beating market estimated revenues by $6.14 million.

 On August 6, investment advisory Canaccord raised its price target on Procore Technologies, Inc. (NYSE:PCOR) to $110 from $100, with a ‘Buy’ rating on the shares.

Daniel Sundheim currently holds around 6.89 million shares of Procore Technologies, Inc. (NYSE:PCOR), amounting to more than $654.9 million in worth. These shares account for 4.28% of his hedge fund’s total investment portfolio. At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $2.08 billion in Procore Technologies, Inc. (NYSE:PCOR).

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