Advantage Alpha Capital Partners LP Cuts Stake in Procore Technologies, Inc. (NYSE:PCOR)

Advantage Alpha Capital Partners LP lowered its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 37.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,076 shares of the company’s stock after selling 47,707 shares during the quarter. Procore Technologies makes up approximately 1.4% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 22nd largest holding. Advantage Alpha Capital Partners LP owned about 0.05% of Procore Technologies worth $5,925,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PCOR. Versant Capital Management Inc grew its position in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Parkside Financial Bank & Trust grew its holdings 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 purchasing an additional 147 shares during the period. V Square Quantitative Management LLC increased its position in 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 last quarter. Hilltop National Bank bought a new stake in shares of Procore Technologies in the fourth quarter valued at $53,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Procore Technologies by 1,434.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company’s stock valued at $54,000 after buying an additional 674 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PCOR shares. Robert W. Baird boosted their price objective on Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Macquarie lowered their price target on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Mizuho raised their price objective on shares of Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, JMP Securities increased their target price on Procore Technologies from $90.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 18th. 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 company. Based on data from MarketBeat.com, Procore Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.24.

Procore Technologies Trading Up 1.3 %

NYSE PCOR opened at $70.37 on Monday. 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’s 50-day simple moving average is $76.38 and its two-hundred day simple moving average is $71.64. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $297.72 million. Research analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $73.62, for a total value of $377,523.36. Following the sale, the director now owns 1,264,700 shares of the company’s stock, valued at $93,107,214. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the company’s stock in a transaction dated 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 directly owns 161,368 shares of the company’s stock, valued at approximately $13,380,634.56. This trade represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,604 shares of company stock worth $5,427,468 over the last three months. Company insiders own 29.00% 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.