Taylor Frigon Capital Management LLC Sells 5,018 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Taylor Frigon Capital Management LLC decreased its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,988 shares of the company's stock after selling 5,018 shares during the period. Procore Technologies comprises about 1.7% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Taylor Frigon Capital Management LLC's holdings in Procore Technologies were worth $3,296,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PCOR. Chicago Partners Investment Group LLC raised its stake in Procore Technologies by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock worth $1,199,000 after acquiring an additional 129 shares during the period. CIBC Asset Management Inc increased its stake in shares of Procore Technologies by 3.5% during the third quarter. CIBC Asset Management Inc now owns 4,204 shares of the company's stock valued at $259,000 after acquiring an additional 143 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares during the period. 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 buying an additional 175 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in Procore Technologies by 6.9% during the third quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company's stock worth $322,000 after buying an additional 336 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

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Procore Technologies Price Performance

Shares of NYSE:PCOR traded up $0.40 during trading on Friday, reaching $76.32. The stock had a trading volume of 2,137,324 shares, compared to its average volume of 1,373,901. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $88.92. The business's 50-day moving average price is $78.19 and its 200 day moving average price is $70.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $11.44 billion, a PE ratio of -106.00 and a beta of 0.84.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its 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). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The firm had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. As a group, equities analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In other Procore Technologies news, CFO Howard Fu sold 8,000 shares of Procore Technologies stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total transaction of $696,000.00. Following the completion of the sale, the chief financial officer now owns 156,188 shares of the company's stock, valued at approximately $13,588,356. The trade was a 4.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of Procore Technologies stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the sale, the insider now directly owns 200 shares of the company's stock, valued at $17,480. This represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,311 shares of company stock worth $7,720,903 in the last quarter. Insiders own 29.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. JMP Securities lifted their target price 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. BMO Capital Markets upped their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Piper Sandler increased their price objective on Procore Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, KeyCorp raised their target price on Procore Technologies from $85.00 to $96.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $89.94.

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.