Ieq Capital LLC Sells 4,018 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Ieq Capital LLC lessened its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 232,897 shares of the company’s stock after selling 4,018 shares during the period. Ieq Capital LLC’s holdings in Procore Technologies were worth $17,451,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew its position in Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. V Square Quantitative Management LLC grew 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 valued at $44,000 after purchasing an additional 162 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after purchasing an additional 789 shares during the last quarter. Hilltop National Bank acquired a new position in Procore Technologies during the 4th quarter worth approximately $53,000. Finally, GAMMA Investing LLC lifted its stake in Procore Technologies by 84.7% in the 4th quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock valued at $56,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insider Activity

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $76.18, for a total value of $114,270.00. Following the transaction, the insider now owns 84,539 shares in the company, valued at approximately $6,440,181.02. This represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 33,332 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total value of $2,730,890.76. Following the sale, the director now owns 1,282,648 shares of the company’s stock, valued at approximately $105,087,350.64. This represents a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,600 shares of company stock worth $5,846,541 in the last quarter. 29.00% of the stock is owned by corporate insiders.

Procore Technologies Stock Performance

PCOR stock opened at $86.59 on Thursday. The firm has a market cap of $12.87 billion, a PE ratio of -120.27 and a beta of 0.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $77.99 and a 200-day moving average price of $69.07. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92.

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 analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The business had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. As a group, equities research analysts expect that Procore Technologies, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PCOR has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Piper Sandler upped their target price on Procore Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. UBS Group upped their price objective on Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, TD Cowen lifted their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.94.

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.