Dnca Finance Has $3.01 Million Stake in Procore Technologies, Inc. (NYSE:PCOR)

Dnca Finance lessened its stake in Procore Technologies, Inc. (NYSE:PCOR) by 46.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,200 shares of the company’s stock after selling 35,000 shares during the period. Dnca Finance’s holdings in Procore Technologies were worth $3,012,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PCOR. Chicago Partners Investment Group LLC lifted its position in Procore Technologies by 0.8% in the fourth 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 during the period. Parkside Financial Bank & Trust lifted its position in shares of Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after buying an additional 147 shares during the period. V Square Quantitative Management LLC grew its position 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 period. Versant Capital Management Inc lifted its holdings in shares of Procore Technologies by 92.1% during 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 period. Finally, Covestor Ltd lifted its holdings in shares of Procore Technologies by 15.1% during the fourth quarter. Covestor Ltd now owns 1,571 shares of the company’s stock valued at $118,000 after acquiring an additional 206 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Procore Technologies Stock Down 2.5 %

Procore Technologies stock opened at $58.37 on Friday. The company has a market capitalization of $8.75 billion, a PE ratio of -81.06 and a beta of 0.90. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92. The firm’s fifty day moving average is $69.99 and its 200 day moving average is $72.12. 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 data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The firm had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. As a group, sell-side analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Howard Fu sold 1,216 shares of the company’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $61.34, for a total transaction of $74,589.44. Following the transaction, the chief financial officer now owns 208,184 shares of the company’s stock, valued at $12,770,006.56. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the transaction, the insider now owns 200 shares of the company’s stock, valued at $17,480. This represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,982 shares of company stock valued at $5,069,759 in the last three months. 29.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of Procore Technologies from $85.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Jefferies Financial Group decreased their price target on shares of Procore Technologies from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. dropped their price objective on Procore Technologies from $97.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. JMP Securities boosted their price target on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 18th. Finally, Piper Sandler raised their price target on Procore Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.88.

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.