Hilltop National Bank acquired a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 702 shares of the company’s stock, valued at approximately $53,000.
Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Procore Technologies by 76.4% during the 3rd 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 acquired a new position in shares of Procore Technologies during the 3rd quarter valued at $26,000. International Assets Investment Management LLC lifted its holdings in shares of Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after acquiring an additional 789 shares in the last quarter. Finally, Quarry LP lifted its holdings in Procore Technologies by 984.6% in the 2nd quarter. Quarry LP now owns 1,128 shares of the company’s stock worth $75,000 after buying an additional 1,024 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on PCOR. BMO Capital Markets boosted their price objective on shares of Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Jefferies Financial Group upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $80.00 to $100.00 in a research note on Monday, January 6th. Baird R W raised shares of Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Piper Sandler upped their target price on shares of Procore Technologies from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.00.
Procore Technologies Stock Down 1.7 %
PCOR stock opened at $75.00 on Friday. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $86.67. The firm has a market cap of $11.15 billion, a PE ratio of -150.00 and a beta of 0.83. The firm has a 50 day simple moving average of $76.41 and a 200 day simple moving average of $66.82. 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 – Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The business had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. Equities research analysts forecast that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 15,000 shares of Procore Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the completion of the sale, the senior vice president now owns 75,120 shares of the company’s stock, valued at $5,314,740. This trade represents a 16.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Connor Kevin J. O sold 33,332 shares of Procore Technologies stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total transaction of $2,730,890.76. Following the sale, the director now directly owns 1,282,648 shares of the company’s stock, valued at $105,087,350.64. This trade represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,693 shares of company stock valued at $10,479,096. Company 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.
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