Procore Technologies, Inc. (NYSE:PCOR) Stock Holdings Lessened by Versor Investments LP

Versor Investments LP reduced its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 74.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,106 shares of the company's stock after selling 15,180 shares during the quarter. Versor Investments LP's holdings in Procore Technologies were worth $315,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PCOR. GAMMA Investing LLC boosted its stake in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company's stock valued at $25,000 after purchasing an additional 175 shares during the period. V Square Quantitative Management LLC acquired a new stake in Procore Technologies in the third quarter valued at $26,000. Signaturefd LLC raised its holdings in shares of Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company's stock worth $42,000 after purchasing an additional 216 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Procore Technologies during the second quarter worth $51,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock worth $49,000 after purchasing an additional 789 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Price Performance

PCOR traded down $2.46 on Friday, reaching $69.15. The company had a trading volume of 2,132,542 shares, compared to its average volume of 1,575,321. The company has a fifty day moving average of $62.53 and a 200-day moving average of $63.85. The company has a market capitalization of $10.28 billion, a P/E ratio of -138.30 and a beta of 0.71. 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 one year low of $49.46 and a one year high of $83.35.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The company had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. As a group, equities research analysts anticipate that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In other Procore Technologies news, CFO Howard Fu sold 1,500 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $71.75, for a total transaction of $107,625.00. Following the completion of the sale, the chief financial officer now directly owns 171,997 shares of the company's stock, valued at approximately $12,340,784.75. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William Fred Fleming, Jr. sold 2,707 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $160,091.98. Following the sale, the senior vice president now directly owns 79,156 shares of the company's stock, valued at $4,681,285.84. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,695 shares of company stock worth $8,283,143. Corporate insiders own 29.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PCOR. Robert W. Baird began coverage on shares of Procore Technologies in a report on Tuesday, September 24th. They set an "outperform" rating and a $73.00 target price on the stock. DA Davidson restated a "neutral" rating and set a $60.00 price target on shares of Procore Technologies in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target on shares of Procore Technologies from $90.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Barclays upped their price target on shares of Procore Technologies from $64.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lowered their price target on shares of Procore Technologies from $85.00 to $63.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.94.

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.