Procore Technologies, Inc. (NYSE:PCOR) Stock Position Cut by Diversify Wealth Management LLC

Diversify Wealth Management LLC decreased its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,457 shares of the company’s stock after selling 150 shares during the period. Diversify Wealth Management LLC’s holdings in Procore Technologies were worth $558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ellsworth Advisors LLC increased its stake in shares of Procore Technologies by 10.5% during the fourth quarter. Ellsworth Advisors LLC now owns 8,355 shares of the company’s stock valued at $626,000 after acquiring an additional 794 shares during the period. Procyon Advisors LLC acquired a new position in shares of Procore Technologies during the 4th quarter valued at $242,000. Northside Capital Management LLC increased its position in shares of Procore Technologies by 28.2% during the 4th quarter. Northside Capital Management LLC now owns 45,236 shares of the company’s stock valued at $3,390,000 after purchasing an additional 9,948 shares during the period. Park Avenue Securities LLC raised its stake in shares of Procore Technologies by 71.5% in the 4th quarter. Park Avenue Securities LLC now owns 12,713 shares of the company’s stock worth $953,000 after buying an additional 5,299 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Procore Technologies by 99.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company’s stock valued at $214,377,000 after buying an additional 1,425,967 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, CFO Howard Fu sold 1,500 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $71.75, for a total transaction of $107,625.00. Following the sale, the chief financial officer now owns 171,997 shares of the company’s stock, valued at approximately $12,340,784.75. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the company’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 transaction, the chief executive officer now directly owns 770,458 shares of the company’s stock, valued at approximately $54,979,882.88. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,103 shares of company stock valued at $11,029,458 in the last three months. Corporate insiders own 29.00% of the company’s stock.

Procore Technologies Stock Up 2.0 %

PCOR stock opened at $78.52 on Wednesday. The business’s 50 day simple moving average is $77.38 and its 200 day simple moving average is $67.33. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $86.67. The firm has a market capitalization of $11.67 billion, a PE ratio of -157.04 and a beta of 0.83. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. As a group, research analysts anticipate that Procore Technologies, Inc. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Stifel Nicolaus increased their target price on shares of Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. DA Davidson lifted their price target on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Robert W. Baird increased their price objective on Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Mizuho lifted their target price on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

About Procore Technologies

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.