Procore Technologies, Inc. (NYSE:PCOR) Stock Holdings Lowered by Alfreton Capital LLP

Alfreton Capital LLP decreased its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 650,000 shares of the company's stock after selling 200,000 shares during the quarter. Procore Technologies accounts for approximately 17.5% of Alfreton Capital LLP's investment portfolio, making the stock its 4th biggest holding. Alfreton Capital LLP owned 0.44% of Procore Technologies worth $48,704,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PCOR. Versant Capital Management Inc boosted its holdings in Procore Technologies by 92.1% during the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company's stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after buying an additional 147 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in shares of 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 during the last quarter. Hilltop National Bank bought a new position in shares of Procore Technologies in the fourth quarter valued at approximately $53,000. Finally, GAMMA Investing LLC increased its position in shares of Procore Technologies by 84.7% during the fourth quarter. GAMMA Investing LLC now owns 746 shares of the company's stock valued at $56,000 after acquiring an additional 342 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PCOR. Canaccord Genuity Group upped their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays raised their price objective on shares of Procore Technologies from $84.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. KeyCorp increased their price objective on Procore Technologies from $85.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus raised their target price on Procore Technologies from $84.00 to $93.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets upped their price target on Procore Technologies from $71.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.24.

Insider Buying and Selling

In related news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total value of $93,867.60. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at approximately $17,480. The trade was a 84.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $76.18, for a total value of $114,270.00. Following the sale, the insider now owns 84,539 shares in the company, valued at $6,440,181.02. The trade was a 1.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,211 shares of company stock worth $4,672,701. Insiders own 29.00% of the company's stock.

Procore Technologies Price Performance

Shares of PCOR traded down $1.63 during mid-day trading on Thursday, reaching $65.91. 2,208,988 shares of the stock traded hands, compared to its average volume of 1,476,596. The company has a market cap of $9.88 billion, a price-to-earnings ratio of -91.54 and a beta of 0.85. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92. The firm has a fifty day moving average price of $77.24 and a 200 day moving average price of $71.03. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

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

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.