Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by Amundi

Amundi reduced its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,277 shares of the company's stock after selling 11,952 shares during the quarter. Amundi owned about 0.23% of Procore Technologies worth $26,657,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PCOR. Versant Capital Management Inc grew its position 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 buying an additional 175 shares during the period. Parkside Financial Bank & Trust grew its holdings 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 acquiring an additional 147 shares during the period. V Square Quantitative Management LLC increased 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 valued at $44,000 after purchasing an additional 162 shares in the last quarter. Hilltop National Bank acquired a new position in Procore Technologies during the fourth quarter worth $53,000. Finally, GAMMA Investing LLC boosted its position in Procore Technologies by 84.7% during the fourth quarter. GAMMA Investing LLC now owns 746 shares of the company's stock worth $56,000 after purchasing an additional 342 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

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Procore Technologies Trading Up 3.8 %

Shares of PCOR traded up $2.51 during mid-day trading on Friday, reaching $68.28. The company had a trading volume of 2,052,670 shares, compared to its average volume of 1,679,191. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of -94.83 and a beta of 0.85. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $77.06 and a 200-day simple moving average of $71.08. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen raised their price target on Procore Technologies from $70.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. UBS Group upped their price target on shares of Procore Technologies from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, February 14th. KeyCorp lifted their price objective on Procore Technologies from $85.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. 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 report on Thursday, December 12th. Finally, Jefferies Financial Group raised Procore Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $80.00 to $100.00 in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.24.

Insider Buying and Selling

In other Procore Technologies news, insider Benjamin C. Singer sold 6,937 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $83.60, for a total value of $579,933.20. Following the completion of the transaction, the insider now owns 72,110 shares in the company, valued at $6,028,396. This represents a 8.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Howard Fu sold 1,190 shares of Procore Technologies stock in a transaction that occurred on Friday, March 14th. The shares were 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 $9,792,720. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,401 shares of company stock valued at $4,752,431. 29.00% of the stock is currently owned by corporate insiders.

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.