Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its stake in Procore Technologies, Inc. (NYSE:PCOR) by 92.1% during the 4th quarter, Holdings Channel reports. The firm owned 365 shares of the company’s stock after purchasing an additional 175 shares during the quarter. Versant Capital Management Inc’s holdings in Procore Technologies were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PCOR. GAMMA Investing LLC boosted its holdings in Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after buying an additional 175 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Procore Technologies during the third quarter worth approximately $26,000. International Assets Investment Management LLC raised its stake in 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 purchasing an additional 789 shares during the last quarter. Quarry LP lifted its holdings in Procore Technologies by 984.6% in the 2nd quarter. Quarry LP now owns 1,128 shares of the company’s stock valued at $75,000 after purchasing an additional 1,024 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Procore Technologies during the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies Stock Down 2.6 %

Shares of NYSE PCOR opened at $76.18 on Wednesday. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $86.67. 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 business’s 50 day moving average is $75.75 and its two-hundred day moving average is $66.61. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of -152.36 and a beta of 0.83.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The firm had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. Research analysts predict that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Insider Activity

In related news, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the 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 transaction, the chief executive officer now owns 770,458 shares of the company’s stock, valued at $54,979,882.88. This represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Benjamin C. Singer sold 1,500 shares of Procore Technologies stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $76.18, for a total value of $114,270.00. Following the sale, the insider now directly owns 84,539 shares of the company’s stock, valued at $6,440,181.02. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,693 shares of company stock worth $10,479,096. 29.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PCOR shares. KeyCorp raised their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets boosted their target price on Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Baird R W upgraded Procore Technologies to a “strong-buy” rating in a research report on Tuesday, September 24th. Piper Sandler lifted their price objective on Procore Technologies from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, DA Davidson upped their target price on Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Procore Technologies has an average rating of “Moderate Buy” and a consensus 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.