Advantage Alpha Capital Partners LP Lowers Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Advantage Alpha Capital Partners LP trimmed its position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 37.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,076 shares of the company's stock after selling 47,707 shares during the period. Procore Technologies accounts for 1.4% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 22nd biggest position. Advantage Alpha Capital Partners LP owned about 0.05% of Procore Technologies worth $5,925,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PCOR. Chicago Partners Investment Group LLC boosted 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 valued at $1,199,000 after acquiring an additional 129 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Procore Technologies by 61.3% during the fourth 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 grew 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 worth $44,000 after buying an additional 162 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 175 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Procore Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 4,438 shares of the company's stock valued at $333,000 after buying an additional 234 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently commented on PCOR shares. Robert W. Baird increased their target price on Procore Technologies from $87.00 to $96.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Jefferies Financial Group raised Procore Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $80.00 to $100.00 in a report on Monday, January 6th. Stifel Nicolaus upped their target price on Procore Technologies from $84.00 to $93.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on shares of Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, JMP Securities increased their target price on shares of Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a report on Tuesday, February 18th. Four equities research 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 MarketBeat.com, Procore Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $90.24.

Procore Technologies Stock Up 0.5 %

PCOR traded up $0.39 on Tuesday, hitting $72.35. The company had a trading volume of 599,334 shares, compared to its average volume of 1,676,271. The stock has a fifty day simple moving average of $76.29 and a 200-day simple moving average of $71.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $10.85 billion, a P/E ratio of -100.48 and a beta of 0.85. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.46). The firm had revenue of $302.05 million during the quarter, compared to analysts' expectations of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. As a group, equities analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies 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 transaction of $995,040.00. Following the transaction, the executive now owns 161,368 shares in the company, valued at approximately $13,380,634.56. This represents a 6.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Howard Fu sold 1,190 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $67.00, for a total transaction of $79,730.00. Following the sale, the chief financial officer now owns 146,160 shares in the company, valued at approximately $9,792,720. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,604 shares of company stock valued at $5,427,468. Corporate insiders own 29.00% of the company's stock.

Procore Technologies 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.