Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lessened its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 13.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,183 shares of the company’s stock after selling 485 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Procore Technologies were worth $239,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position 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 during the period. V Square Quantitative Management LLC purchased a new stake in Procore Technologies in the 3rd quarter valued at about $26,000. Versant Capital Management Inc raised its holdings in 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 buying an additional 175 shares during the period. International Assets Investment Management LLC lifted its position in 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 buying an additional 789 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Procore Technologies during the fourth quarter worth about $53,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Steven Scott Davis sold 9,671 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $65.00, for a total transaction of $628,615.00. Following the completion of the sale, the insider now owns 192,137 shares in the company, valued at $12,488,905. This represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Connor Kevin J. O sold 6,410 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $76.62, for a total transaction of $491,134.20. Following the completion of the transaction, the director now directly owns 1,250,598 shares in the company, valued at $95,820,818.76. This represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 143,975 shares of company stock valued at $10,707,010. Insiders own 29.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PCOR shares. TD Cowen upped their price objective on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Barclays raised their target price on Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price objective 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. Robert W. Baird increased their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price target on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Four investment 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 company’s stock. According to MarketBeat, Procore Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Procore Technologies Trading Up 0.7 %

NYSE PCOR opened at $79.04 on Thursday. The firm’s fifty day moving average price is $77.49 and its 200 day moving average price is $67.41. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $86.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $11.75 billion, a price-to-earnings ratio of -158.08 and a beta of 0.83.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. On average, sell-side analysts expect that Procore Technologies, Inc. will post -0.22 earnings per share for the current fiscal 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.