Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,105 shares of the company’s stock after selling 287 shares during the period. Natixis Advisors LLC’s holdings in Procore Technologies were worth $932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PCOR. GAMMA Investing LLC raised its stake in shares of Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Procore Technologies during the third quarter worth $26,000. Signaturefd LLC grew its stake in shares of Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after buying an additional 216 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares during the period. Finally, Rothschild Investment LLC acquired a new position in Procore Technologies during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PCOR. Barclays boosted their price target on shares of Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Scotiabank increased their price target on Procore Technologies from $70.00 to $85.00 and gave the company a “sector outperform” rating in a research report on Friday, November 22nd. JMP Securities lowered their price objective on Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating for the company in a research report on Thursday, October 31st. DA Davidson raised their target price on shares of Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Procore Technologies Trading Up 1.5 %

Shares of Procore Technologies stock opened at $81.43 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $12.11 billion, a price-to-earnings ratio of -162.92 and a beta of 0.71. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $83.35. The company’s 50-day simple moving average is $65.09 and its 200-day simple moving average is $64.09.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The company had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. As a group, equities research analysts anticipate that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $1,617,374.40. Following the completion of the transaction, the chief executive officer now directly owns 770,458 shares in the company, valued at approximately $54,979,882.88. The trade was a 2.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Connor Kevin J. O sold 8,974 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.06, for a total value of $521,030.44. Following the transaction, the director now owns 1,371,104 shares in the company, valued at $79,606,298.24. This trade represents a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,553 shares of company stock worth $7,933,974 over the last 90 days. 29.00% of the stock is currently owned by corporate 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.