Landscape Capital Management L.L.C. Reduces Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

Landscape Capital Management L.L.C. cut its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 31.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,060 shares of the company’s stock after selling 3,717 shares during the period. Landscape Capital Management L.L.C.’s holdings in Procore Technologies were worth $497,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PCOR. GAMMA Investing LLC boosted its holdings in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after acquiring an additional 175 shares during the period. V Square Quantitative Management LLC bought a new position in Procore Technologies in the 3rd quarter worth about $26,000. Signaturefd LLC grew its holdings in Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after buying an additional 216 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after buying an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of Procore Technologies in the second quarter valued at approximately $51,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Baird R W upgraded Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Stifel Nicolaus boosted their target price on Procore Technologies from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets raised their price target on Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a report on Friday. Finally, JMP Securities cut their price objective on Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating for the company in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

Insider Buying and Selling at Procore Technologies

In other 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $1,617,374.40. Following the completion of the sale, the chief executive officer now directly owns 770,458 shares in the company, valued at $54,979,882.88. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,053 shares of company stock worth $7,426,909. 29.00% of the stock is currently owned by insiders.

Procore Technologies Price Performance

Shares of NYSE:PCOR opened at $76.68 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $11.40 billion, a PE ratio of -153.36 and a beta of 0.71. The company’s fifty day moving average is $64.19 and its 200 day moving average is $63.94. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $83.35.

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

Procore Technologies Company 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.