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Procore: An IT Stock whose Business May Recover as Rates Fall (NYSE:PCOR)

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Bert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld enjoyed a long career in the technology world, working for IBM, Memorex/Telex, Raytheon Data Systems and BMC Software. Since the 1990s, Mr. Hochfeld has worked as a sell-side analyst and won awards from the Wall Street Journal for his coverage of the software space. In 2001, Mr. Hochfeld founded his own independent research company, Hochfeld Independent Research Group, which provided research services to major institutions including Fidelity, Columbia Asset, SAC Capital and many other prominent institutions and hedge funds. He also operated the Hepplewhite Fund, a hedge fund specializing in technology investments. Hedge Fund Research, an independent third-party firm that specializes in ranking managers, rated the Hepplewhite Fund as the best-performing small-cap fund for the 5 years ending in 2011. In 2012, Mr. Hochfeld was convicted of embezzling of funds from a hedge fund. he operated. Mr. Hochfeld has published more than 500 articles on Seeking Alpha, all of which deal with information technology companies. Highly regarded for his investment wisdom accumulated over decades, Mr. Hochfeld ranks in the top 0.1% of Tip Ranks analysts for his selection of information technology stocks and their subsequent successes.

Analyst Disclosure: We do not/do not have any equity, options or similar derivative positions in any of the companies mentioned, but we may initiate a beneficial long position by purchasing shares or purchasing call options or similar derivatives in PCOR within the next 72 hours. I wrote this article myself and it expresses my own opinions. I receive no compensation for this (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Looking for Alpha’s reveal: Past performance is no guarantee of future results. No recommendation or advice is given to determine whether any investment is suitable for any particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, a US broker or investment adviser, or an investment bank. Our analysts are third-party authors that include both professional and individual investors who may not be authorized or certified by any institute or regulatory body.

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