Voya Investment Management LLC Sells 35,595 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Voya Investment Management LLC lowered its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 7.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 438,478 shares of the company’s stock after selling 35,595 shares during the period. Voya Investment Management LLC owned about 0.29% of Procore Technologies worth $32,855,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. 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 buying an additional 175 shares during the period. Parkside Financial Bank & Trust grew its position in Procore Technologies by 61.3% during 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 increased its stake in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the period. Huntington National Bank lifted its position in Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock valued at $49,000 after purchasing an additional 404 shares during the last quarter. Finally, Hilltop National Bank purchased a new stake in shares of Procore Technologies during the fourth quarter valued at approximately $53,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies Price Performance

Shares of NYSE PCOR opened at $63.80 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50 day simple moving average of $67.74 and a two-hundred day simple moving average of $72.15. 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 $9.57 billion, a price-to-earnings ratio of -88.61 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The company had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. Analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PCOR shares. DA Davidson decreased their target price on shares of Procore Technologies from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Scotiabank decreased their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a “sector outperform” rating on the stock in a research report on Thursday. KeyCorp dropped their target price on shares of Procore Technologies from $96.00 to $77.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Jefferies Financial Group reduced their price target on Procore Technologies from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, Barclays dropped their price objective on Procore Technologies from $90.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $81.18.

Insider Activity at Procore Technologies

In other Procore Technologies news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the sale, the insider now directly owns 200 shares in the company, valued at approximately $17,480. This trade represents a 84.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 7,700 shares of the business’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total value of $436,359.00. Following the completion of the transaction, the director now owns 1,208,284 shares of the company’s stock, valued at $68,473,454.28. This represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,962 shares of company stock valued at $5,041,588. 29.00% of the stock is owned by insiders.

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.