Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB cut its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,183 shares of the company’s stock after selling 485 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Procore Technologies were worth $239,000 as of its most recent filing with the SEC.

A number of other institutional investors 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 grew its holdings in Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after buying an additional 175 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Procore Technologies during the third quarter worth $26,000. Hilltop National Bank acquired a new position in shares of Procore Technologies in the fourth quarter worth $53,000. Finally, International Assets Investment Management LLC lifted its position in shares of Procore Technologies by 6,069.2% in 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 in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Price Performance

PCOR opened at $79.04 on Thursday. 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 $77.49 and a two-hundred day moving average of $67.41. The company has a market cap of $11.75 billion, a P/E ratio of -158.08 and a beta of 0.83. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. On average, analysts expect that Procore Technologies, Inc. will post -0.22 earnings per share for the current year.

Insider Activity

In related news, Director Connor Kevin J. O sold 6,410 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $76.62, for a total transaction of $491,134.20. Following the completion of the sale, the director now directly owns 1,250,598 shares of the company’s stock, valued at approximately $95,820,818.76. This trade represents a 0.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William Fred Fleming, Jr. sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the completion of the transaction, the senior vice president now owns 75,120 shares in the company, valued at $5,314,740. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 143,975 shares of company stock worth $10,707,010. 29.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PCOR. KeyCorp lifted their price objective on Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Barclays boosted their price objective on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, November 22nd. JMP Securities raised their target price on shares of Procore Technologies from $75.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Monday, December 2nd. Jefferies Financial Group upgraded Procore Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $80.00 to $100.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $86.00.

Procore Technologies 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.