Whetstone Capital Advisors LLC Decreases Position in Procore Technologies, Inc. (NYSE:PCOR)

Whetstone Capital Advisors LLC lowered its stake in Procore Technologies, Inc. (NYSE:PCOR) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,384 shares of the company’s stock after selling 510 shares during the period. Procore Technologies comprises 2.3% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Whetstone Capital Advisors LLC owned approximately 0.05% of Procore Technologies worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Procore Technologies in the third quarter valued at $26,000. Signaturefd LLC boosted its stake in Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after acquiring an additional 216 shares in the last quarter. Rothschild Investment LLC acquired a new position in Procore Technologies in the second quarter valued at $51,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after purchasing an additional 789 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PCOR. KeyCorp upped their target price on Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday. TD Cowen lifted their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on shares of Procore Technologies from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday. JMP Securities dropped their price objective on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Macquarie reiterated a “neutral” rating and set a $70.00 target price on shares of Procore Technologies in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Procore Technologies Trading Down 2.1 %

NYSE PCOR opened at $75.06 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $83.35. The company’s 50 day moving average price is $64.19 and its 200 day moving average price is $63.92. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of -153.36 and a beta of 0.71.

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

Insider Transactions at Procore Technologies

In other Procore Technologies news, CFO Howard Fu sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $71.75, for a total value of $107,625.00. Following the transaction, the chief financial officer now directly owns 171,997 shares of the company’s stock, valued at $12,340,784.75. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Connor Kevin J. O sold 8,974 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $58.06, for a total transaction of $521,030.44. Following the transaction, the director now owns 1,371,104 shares in the company, valued at $79,606,298.24. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,053 shares of company stock valued at $7,426,909 over the last quarter. 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.