Signaturefd LLC Sells 170 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Signaturefd LLC cut its position in Procore Technologies, Inc. (NYSE:PCOR) by 29.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 415 shares of the company’s stock after selling 170 shares during the quarter. Signaturefd LLC’s holdings in Procore Technologies were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PCOR. BluePath Capital Management LLC bought a new stake in shares of Procore Technologies during the 3rd quarter valued at $36,000. International Assets Investment Management LLC lifted its position in shares of Procore Technologies by 6,823.1% during the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company’s stock valued at $62,000 after acquiring an additional 887 shares during the period. Conestoga Capital Advisors LLC bought a new stake in shares of Procore Technologies during the 3rd quarter valued at $202,000. Portside Wealth Group LLC lifted its position in shares of Procore Technologies by 7.5% during the 3rd quarter. Portside Wealth Group LLC now owns 3,311 shares of the company’s stock valued at $215,000 after acquiring an additional 231 shares during the period. Finally, Raymond James & Associates bought a new stake in shares of Procore Technologies during the 3rd quarter valued at $261,000. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Price Performance

Shares of PCOR opened at $68.14 on Friday. Procore Technologies, Inc. has a 12-month low of $48.11 and a 12-month high of $83.35. The business has a 50-day simple moving average of $76.35 and a two-hundred day simple moving average of $68.92. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.04. The stock has a market cap of $9.97 billion, a PE ratio of -70.98 and a beta of 0.78.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.13. The business had revenue of $260.04 million during the quarter, compared to analysts’ expectations of $248.20 million. Procore Technologies had a negative return on equity of 8.37% and a negative net margin of 13.64%. Analysts anticipate that Procore Technologies, Inc. will post -0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on PCOR shares. KeyCorp upped their target price on Procore Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Mizuho lowered their price target on Procore Technologies from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday. Piper Sandler lowered their price target on Procore Technologies from $80.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday. DA Davidson reissued a “buy” rating and set a $95.00 price target on shares of Procore Technologies in a report on Thursday, March 14th. Finally, Canaccord Genuity Group lowered their price target on Procore Technologies from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.79.

Insider Activity at Procore Technologies

In related news, Director Connor Kevin J. O sold 5,128 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $72.21, for a total transaction of $370,292.88. Following the sale, the director now owns 1,543,037 shares in the company, valued at approximately $111,422,701.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Procore Technologies news, Director Nanci Caldwell sold 9,270 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $75.00, for a total value of $695,250.00. Following the transaction, the director now owns 64,280 shares in the company, valued at $4,821,000. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Connor Kevin J. O sold 5,128 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $72.21, for a total value of $370,292.88. Following the completion of the sale, the director now directly owns 1,543,037 shares of the company’s stock, valued at $111,422,701.77. The disclosure for this sale can be found here. Insiders have sold a total of 538,672 shares of company stock worth $41,509,564 in the last 90 days. Corporate insiders own 39.20% of the company’s stock.

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.