DF Dent & Co. Inc. Sells 43,010 Shares of Procore Technologies, Inc. (NYSE:PCOR)

DF Dent & Co. Inc. reduced its stake in Procore Technologies, Inc. (NYSE:PCOR) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 324,754 shares of the company’s stock after selling 43,010 shares during the period. DF Dent & Co. Inc. owned approximately 0.22% of Procore Technologies worth $24,334,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in shares of Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after acquiring an additional 147 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Procore Technologies by 37.8% during the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares in the last quarter. Huntington National Bank boosted its position in shares of Procore Technologies by 161.6% during the 4th quarter. Huntington National Bank now owns 654 shares of the company’s stock valued at $49,000 after acquiring an additional 404 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Procore Technologies in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $73.62, for a total value of $377,523.36. Following the completion of the transaction, the director now directly owns 1,264,700 shares of the company’s stock, valued at approximately $93,107,214. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Howard Fu sold 1,190 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $67.00, for a total value of $79,730.00. Following the sale, the chief financial officer now directly owns 146,160 shares in the company, valued at approximately $9,792,720. The trade was a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,604 shares of company stock worth $5,427,468 in the last three months. Corporate insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

PCOR has been the subject of several research reports. UBS Group increased their price objective on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus lifted their price target on Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Canaccord Genuity Group upped their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Barclays increased their price target on Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.65.

Procore Technologies Stock Performance

Procore Technologies stock opened at $68.96 on Thursday. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. The company has a market capitalization of $10.34 billion, a PE ratio of -95.78 and a beta of 0.85. The company has a 50 day moving average price of $75.13 and a 200-day moving average price of $72.30. 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 (NYSE:PCOR) last issued its earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.46). The firm had revenue of $302.05 million during the quarter, compared to analysts’ expectations of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. As a group, equities analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

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.