Taylor Frigon Capital Management LLC Sells 5,018 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Taylor Frigon Capital Management LLC trimmed its position in Procore Technologies, Inc. (NYSE:PCOR) by 10.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,988 shares of the company’s stock after selling 5,018 shares during the period. Procore Technologies comprises 1.7% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Taylor Frigon Capital Management LLC’s holdings in Procore Technologies were worth $3,296,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC grew its position in Procore Technologies by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock worth $1,199,000 after purchasing an additional 129 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Procore Technologies by 3.5% in the third quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock valued at $259,000 after acquiring an additional 143 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares during the last quarter. Versant Capital Management Inc boosted its stake 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. Finally, OneDigital Investment Advisors LLC boosted its stake in Procore Technologies by 6.9% in the third quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company’s stock valued at $322,000 after acquiring an additional 336 shares during the last quarter. 81.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho boosted their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Canaccord Genuity Group boosted their target price on shares of Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, February 14th. UBS Group boosted their target price on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Piper Sandler boosted their target price on shares of Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, TD Cowen upped their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.94.

Insider Transactions at Procore Technologies

In other news, CRO Lawrence Joseph Stack sold 12,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $82.92, for a total value of $995,040.00. Following the transaction, the executive now owns 161,368 shares of the company’s stock, valued at $13,380,634.56. This represents a 6.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Connor Kevin J. O sold 33,332 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $81.93, for a total transaction of $2,730,890.76. Following the completion of the transaction, the director now directly owns 1,282,648 shares in the company, valued at $105,087,350.64. The trade was a 2.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,311 shares of company stock valued at $7,720,903 in the last quarter. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Performance

Procore Technologies stock opened at $78.42 on Thursday. The firm’s 50 day simple moving average is $78.19 and its 200 day simple moving average is $70.04. 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 firm has a market capitalization of $11.66 billion, a PE ratio of -108.92 and a beta of 0.84. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92.

Procore Technologies (NYSE:PCOR) last posted 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). The firm had revenue of $302.05 million for the quarter, compared to the consensus estimate 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 expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

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.