Procore Technologies, Inc. (NYSE:PCOR) Stock Holdings Lessened by Whittier Trust Co.

Whittier Trust Co. cut its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,478 shares of the company’s stock after selling 1,530 shares during the quarter. Whittier Trust Co.’s holdings in Procore Technologies were worth $1,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PCOR. Versant Capital Management Inc boosted its position in shares of Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Parkside Financial Bank & Trust lifted its stake in Procore Technologies by 61.3% during 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 boosted its holdings in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the period. Hilltop National Bank purchased a new position in shares of Procore Technologies in the fourth quarter worth approximately $53,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Procore Technologies by 1,434.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company’s stock valued at $54,000 after acquiring an additional 674 shares during the period. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $67.10, for a total value of $344,088.80. Following the sale, the director now owns 1,226,240 shares in the company, valued at approximately $82,280,704. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Howard Fu sold 1,190 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $67.00, for a total transaction of $79,730.00. Following the transaction, the chief financial officer now directly owns 146,160 shares in the company, valued at $9,792,720. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,104 shares of company stock worth $5,541,738 in the last quarter. 29.00% of the stock is currently owned by company insiders.

Procore Technologies Stock Up 1.3 %

Shares of PCOR stock opened at $70.37 on Friday. The stock’s 50 day simple moving average is $76.38 and its 200 day simple moving average is $71.53. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of -97.73 and a beta of 0.85.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). The firm had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. As a group, research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on PCOR shares. Piper Sandler raised their price objective on shares of Procore Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays lifted their price target on Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. UBS Group increased their price objective on Procore Technologies from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, Macquarie reduced their price target on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.24.

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.