Curi RMB Capital LLC Cuts Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Curi RMB Capital LLC reduced its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,652 shares of the company's stock after selling 10,257 shares during the quarter. Curi RMB Capital LLC owned approximately 0.06% of Procore Technologies worth $7,167,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PCOR. Diversified Trust Co increased its holdings in shares of Procore Technologies by 157.1% in the 4th quarter. Diversified Trust Co now owns 50,649 shares of the company's stock valued at $3,795,000 after acquiring an additional 30,948 shares during the period. US Bancorp DE increased its stake in Procore Technologies by 18.8% during the 4th quarter. US Bancorp DE now owns 21,416 shares of the company's stock valued at $1,605,000 after purchasing an additional 3,390 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Procore Technologies during the fourth quarter valued at $20,729,000. Barclays PLC lifted its position in Procore Technologies by 49.1% during the 3rd quarter. Barclays PLC now owns 69,012 shares of the company's stock worth $4,259,000 after acquiring an additional 22,734 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Procore Technologies during the 4th quarter valued at about $56,000. 81.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on PCOR. Macquarie dropped their target price on Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays lowered their price target on shares of Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. JMP Securities upped their target price on Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Tuesday, February 18th. DA Davidson reduced their target price on Procore Technologies from $80.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Canaccord Genuity Group lifted their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, February 14th. 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $83.12.

Procore Technologies Trading Up 5.4 %

NYSE PCOR traded up $3.07 during trading on Wednesday, hitting $60.30. The stock had a trading volume of 2,312,691 shares, compared to its average volume of 1,734,978. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $9.04 billion, a PE ratio of -83.75 and a beta of 0.90. The firm has a 50 day moving average price of $69.27 and a 200 day moving average price of $72.17. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92.

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

Insider Activity at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 7,700 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total transaction of $436,359.00. Following the completion of the sale, the director now directly owns 1,208,284 shares of the company's stock, valued at $68,473,454.28. This represents a 0.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the business's stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Insiders have sold 65,482 shares of company stock valued at $4,952,759 over the last quarter. 29.00% of the stock is owned by insiders.

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.