Huntington National Bank Has $49,000 Stake in Procore Technologies, Inc. (NYSE:PCOR)

Huntington National Bank lifted its stake in Procore Technologies, Inc. (NYSE:PCOR) by 161.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 654 shares of the company’s stock after purchasing an additional 404 shares during the period. Huntington National Bank’s holdings in Procore Technologies were worth $49,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC boosted its stake in shares of Procore Technologies by 0.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company’s stock valued at $1,199,000 after purchasing an additional 129 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after buying an additional 147 shares during the period. 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 grew its holdings in 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 acquiring an additional 175 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Procore Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 4,438 shares of the company’s stock valued at $333,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp upped their price objective on Procore Technologies from $85.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Mizuho upped their price target on Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird upped their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Barclays lifted their price target on shares of Procore Technologies from $84.00 to $90.00 and gave the stock an “equal weight” 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $89.65.

Procore Technologies Stock Performance

NYSE PCOR opened at $58.00 on Tuesday. The firm has a market capitalization of $8.70 billion, a P/E ratio of -80.56 and a beta of 0.90. 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’s fifty day moving average price is $73.96 and its two-hundred day moving average price is $72.42. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share (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 the consensus estimate of $297.72 million. As a group, research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling at Procore Technologies

In related news, Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $73.62, for a total transaction of $377,523.36. Following the completion of the sale, the director now owns 1,264,700 shares of the company’s stock, valued at approximately $93,107,214. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the transaction, the executive now directly owns 161,368 shares in the company, valued at approximately $13,380,634.56. This represents a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 69,604 shares of company stock worth $5,427,468 over the last 90 days. 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.