DF Dent & Co. Inc. Sells 43,010 Shares of Procore Technologies, Inc. (NYSE:PCOR)

DF Dent & Co. Inc. reduced its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,754 shares of the company's stock after selling 43,010 shares during the period. DF Dent & Co. Inc. owned about 0.22% of Procore Technologies worth $24,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Procore Technologies by 29,376.1% in the 4th quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company's stock valued at $200,810,000 after buying an additional 2,670,872 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Procore Technologies during the 4th quarter worth approximately $131,840,000. Assenagon Asset Management S.A. increased its position in shares of Procore Technologies by 99.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company's stock worth $214,377,000 after purchasing an additional 1,425,967 shares during the last quarter. PointState Capital LP purchased a new stake in shares of Procore Technologies in the 3rd quarter valued at approximately $81,306,000. Finally, Janus Henderson Group PLC lifted its stake in Procore Technologies by 128.7% during the third quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company's stock worth $142,267,000 after purchasing an additional 1,297,151 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Remove Ads

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 12,000 shares of the firm'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 completion of the transaction, the executive now owns 161,368 shares in the company, valued at $13,380,634.56. This trade represents a 6.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $73.62, for a total transaction of $377,523.36. Following the transaction, the director now directly owns 1,264,700 shares of the company's stock, valued at $93,107,214. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,604 shares of company stock valued at $5,427,468 in the last quarter. Company insiders own 29.00% of the company's stock.

Procore Technologies Trading Up 0.6 %

PCOR stock traded up $0.34 during mid-day trading on Tuesday, reaching $58.48. 673,485 shares of the stock traded hands, compared to its average volume of 1,711,260. The stock's fifty day moving average is $73.96 and its 200-day moving average is $72.42. The company has a market cap of $8.77 billion, a P/E ratio of -80.93 and a beta of 0.90. 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, 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 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). The business had revenue of $302.05 million during the quarter, compared to analyst estimates 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, sell-side analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PCOR has been the subject of a number of research analyst reports. Macquarie lowered their price target on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Mizuho increased their price target on shares of Procore Technologies from $65.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, December 13th. JMP Securities raised their price objective on shares of Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research note on Tuesday, February 18th. Canaccord Genuity Group upped their target price on Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Robert W. Baird increased their target price on Procore Technologies from $87.00 to $96.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.65.

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.