CHICAGO TRUST Co NA Sells 1,475 Shares of Procore Technologies, Inc. (NYSE:PCOR)

CHICAGO TRUST Co NA reduced its stake in Procore Technologies, Inc. (NYSE:PCOR) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,117 shares of the company’s stock after selling 1,475 shares during the period. CHICAGO TRUST Co NA’s holdings in Procore Technologies were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PCOR. Versant Capital Management Inc boosted its stake 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 in the last quarter. GAMMA Investing LLC lifted its holdings in Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Procore Technologies in the third quarter valued at about $26,000. Hilltop National Bank bought a new stake in Procore Technologies during the fourth quarter worth about $53,000. Finally, International Assets Investment Management LLC raised its stake 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 valued at $49,000 after acquiring an additional 789 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the sale, the senior vice president now directly owns 75,120 shares of the company’s stock, valued at $5,314,740. The trade was a 16.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Connor Kevin J. O sold 5,128 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $62.07, for a total value of $318,294.96. Following the sale, the director now owns 1,355,720 shares in the company, valued at $84,149,540.40. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,693 shares of company stock valued at $10,479,096. Company insiders own 29.00% of the company’s stock.

Procore Technologies Price Performance

PCOR opened at $74.36 on Tuesday. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $86.67. The company has a fifty day simple moving average of $76.56 and a 200 day simple moving average of $66.94. The stock has a market cap of $11.05 billion, a P/E ratio of -148.72 and a beta of 0.83. The company has a quick ratio of 1.57, a current 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, meeting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The business had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. On average, research analysts expect that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho increased their price target on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. JMP Securities lifted their target price on Procore Technologies from $75.00 to $90.00 and gave the company a “market outperform” rating in a research note on Monday, December 2nd. Barclays upped their price target on Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Baird R W upgraded Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, TD Cowen upped their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Procore Technologies has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.