Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by Sycomore Asset Management

Sycomore Asset Management lowered its position in Procore Technologies, Inc. (NYSE:PCOR) by 29.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,373 shares of the company’s stock after selling 64,764 shares during the period. Procore Technologies makes up about 1.5% of Sycomore Asset Management’s investment portfolio, making the stock its 21st biggest position. Sycomore Asset Management owned approximately 0.10% of Procore Technologies worth $11,642,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PCOR. Versant Capital Management Inc increased its stake in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. GAMMA Investing LLC increased its position in Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after buying an additional 175 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Procore Technologies in the third quarter worth $26,000. Hilltop National Bank purchased a new stake in shares of Procore Technologies in the fourth quarter valued at $53,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after acquiring an additional 789 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Stock Down 1.1 %

PCOR opened at $75.42 on Monday. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $86.67. The company has a 50 day moving average of $78.21 and a two-hundred day moving average of $68.32. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. JMP Securities reissued a “market outperform” rating and set a $90.00 price objective on shares of Procore Technologies in a research note on Friday. KeyCorp lifted their target price on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Mizuho increased their price target on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Scotiabank raised their price objective on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Insider Buying and Selling

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of the company’s 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 completion of the transaction, the insider now owns 84,539 shares in the company, valued at $6,440,181.02. This represents a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William Fred Fleming, Jr. sold 2,668 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $190,388.48. Following the completion of the sale, the senior vice president now directly owns 72,605 shares of the company’s stock, valued at $5,181,092.80. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 132,124 shares of company stock valued at $10,014,301. Company insiders own 29.00% of the company’s stock.

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.