Procore Technologies, Inc. (NYSE:PCOR) Position Reduced by Curi RMB Capital LLC

Curi RMB Capital LLC cut its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,652 shares of the company’s stock after selling 10,257 shares during the quarter. Curi RMB Capital LLC owned 0.06% of Procore Technologies worth $7,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PCOR. Diversified Trust Co raised its holdings in Procore Technologies by 157.1% during the fourth quarter. Diversified Trust Co now owns 50,649 shares of the company’s stock valued at $3,795,000 after buying an additional 30,948 shares in the last quarter. US Bancorp DE grew its position in Procore Technologies by 18.8% during the fourth quarter. US Bancorp DE now owns 21,416 shares of the company’s stock worth $1,605,000 after buying an additional 3,390 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Procore Technologies in the fourth quarter valued at $20,729,000. Barclays PLC lifted its holdings in shares of Procore Technologies by 49.1% during the 3rd quarter. Barclays PLC now owns 69,012 shares of the company’s stock worth $4,259,000 after acquiring an additional 22,734 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Procore Technologies in the 4th quarter valued at approximately $56,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Stock Down 2.5 %

PCOR stock opened at $58.37 on Friday. The business’s 50-day moving average is $69.99 and its two-hundred day moving average is $72.21. The company has a market cap of $8.75 billion, a price-to-earnings ratio of -81.06 and a beta of 0.90. 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 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 posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The company 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, analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In other Procore Technologies news, CFO Howard Fu sold 8,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $87.00, for a total value of $696,000.00. Following the sale, the chief financial officer now owns 156,188 shares in the company, valued at $13,588,356. This trade represents a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Connor Kevin J. O sold 7,700 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total transaction of $436,359.00. Following the completion of the transaction, the director now directly owns 1,208,284 shares in the company, valued at $68,473,454.28. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,982 shares of company stock valued at $5,069,759 in the last three months. Corporate insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PCOR shares. Canaccord Genuity Group boosted their target price on Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Macquarie reduced their price target on Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on Procore Technologies from $97.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group dropped their price objective on shares of Procore Technologies from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, KeyCorp lifted their price objective on shares of Procore Technologies from $85.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four investment 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

About Procore Technologies

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.