702 Shares in Procore Technologies, Inc. (NYSE:PCOR) Purchased by Hilltop National Bank

Hilltop National Bank acquired a new position in Procore Technologies, Inc. (NYSE:PCOR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 702 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors also recently bought and sold shares of PCOR. Dragoneer Investment Group LLC boosted its holdings in Procore Technologies by 254.0% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock worth $148,762,000 after buying an additional 1,609,607 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Procore Technologies by 27,239.5% in the third quarter. Wasatch Advisors LP now owns 1,581,318 shares of the company’s stock valued at $97,599,000 after purchasing an additional 1,575,534 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Procore Technologies in the third quarter valued at approximately $88,572,000. XN LP grew its position in shares of Procore Technologies by 101.1% in the second quarter. XN LP now owns 2,808,251 shares of the company’s stock valued at $186,215,000 after purchasing an additional 1,411,812 shares in the last quarter. Finally, PointState Capital LP purchased a new stake in shares of Procore Technologies in the third quarter valued at approximately $81,306,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP William Fred Fleming, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.75, for a total value of $1,061,250.00. Following the completion of the sale, the senior vice president now owns 75,120 shares in the company, valued at $5,314,740. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Benjamin C. Singer sold 1,500 shares of Procore Technologies stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $76.18, for a total transaction of $114,270.00. Following the sale, the insider now owns 84,539 shares of the company’s stock, valued at approximately $6,440,181.02. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,693 shares of company stock valued at $10,479,096 over the last quarter. 29.00% of the stock is currently owned by insiders.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $75.00 on Friday. The stock’s 50-day moving average is $76.41 and its two-hundred day moving average is $66.82. The firm has a market cap of $11.15 billion, a price-to-earnings ratio of -150.00 and a beta of 0.83. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $86.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $287.42 million. Analysts predict that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PCOR shares. The Goldman Sachs Group upped their price target on Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Piper Sandler upped their price objective on Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. KeyCorp upped their price objective on Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Robert W. Baird upped their price objective on Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus upped their price objective on Procore Technologies from $84.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four equities research 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 MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average price target 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.