1 week Ago By ABMN Staff
Barclays PLC lessened its stake in shares of Procore Technologies, Inc. ( NYSE:PCOR – Free Report ) by 23.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 53,139 shares of the company’s stock after selling 15,873 shares during the period. Barclays PLC’s holdings in Procore Technologies were worth $3,983,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Versant Capital Management Inc lifted its stake in Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter.
Parkside Financial Bank & Trust grew its stake in shares of Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after buying an additional 147 shares in the last quarter.
V Square Quantitative Management LLC grew its position 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 acquiring an additional 162 shares in the last quarter.
Huntington National Bank grew its holdings in shares of Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock valued at $49,000 after purchasing an additional 404 shares in the last quarter.
Finally, Hilltop National Bank purchased a new stake in shares of Procore Technologies during the fourth quarter worth $53,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.
Wall Street Analysts Forecast Growth A number of analysts recently weighed in on PCOR shares. Macquarie cut their target price on shares of Procore Technologies from $93.00 to $75.
00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. KeyCorp cut their target price on Procore Technologies from $96.00 to $77.
00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. 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 report on Tuesday, February 18th. Barclays reduced their price objective on Procore Technologies from $90.00 to $70.
00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, Scotiabank reduced their target price on shares of Procore Technologies from $95.00 to $75.
00 and set a “sector outperform” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.18. Insider Transactions at Procore Technologies In related news, CRO Lawrence Joseph Stack sold 12,000 shares of Procore Technologies stock in a transaction on Friday, February 21st.
The shares were sold at an average price of $82.92, for a total transaction of $995,040.00.
Following the transaction, the executive now owns 161,368 shares in the company, valued at approximately $13,380,634.56. The trade was a 6.
92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, CFO Howard Fu sold 1,480 shares of the stock in a transaction dated Wednesday, April 23rd.
The shares were sold at an average price of $60.02, for a total value of $88,829.60.
Following the completion of the sale, the chief financial officer now owns 206,704 shares of the company’s stock, valued at approximately $12,406,374.08. This trade represents a 0.
71 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 66,962 shares of company stock worth $5,041,588 in the last ninety days.
Insiders own 29.00% of the company’s stock. Procore Technologies Trading Up 1.
3 % Procore Technologies stock opened at $63.80 on Monday. 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 stock has a market cap of $9.57 billion, a PE ratio of -88.61 and a beta of 0.
90. The stock has a 50-day moving average price of $67.74 and a 200 day moving average price of $72.
31. 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 released its earnings results on Thursday, February 13th.
The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.
46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.
20%. The business had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.
72 million. Equities research analysts predict that Procore Technologies, Inc. will post -0.
15 earnings per share for the current fiscal year. About Procore Technologies ( Free Report ) 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.
See Also Want to see what other hedge funds are holding PCOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procore Technologies, Inc. ( NYSE:PCOR – Free Report ).
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