Taylor Frigon Capital Management LLC Sells 5,018 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Taylor Frigon Capital Management LLC lowered its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 10.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 43,988 shares of the company’s stock after selling 5,018 shares during the period. Procore Technologies comprises about 1.7% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Taylor Frigon Capital Management LLC’s holdings in Procore Technologies were worth $3,296,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its holdings in shares of Procore Technologies by 99.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company’s stock valued at $214,377,000 after purchasing an additional 1,425,967 shares during the last quarter. Meritage Group LP grew its holdings in shares of Procore Technologies by 66.6% during the 3rd quarter. Meritage Group LP now owns 2,745,504 shares of the company’s stock valued at $169,453,000 after purchasing an additional 1,098,019 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Procore Technologies by 29,376.1% during the 4th quarter. Principal Financial Group Inc. now owns 2,679,964 shares of the company’s stock valued at $200,810,000 after purchasing an additional 2,670,872 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Procore Technologies by 128.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company’s stock valued at $142,267,000 after purchasing an additional 1,297,151 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Procore Technologies by 1.1% during the 3rd quarter. Holocene Advisors LP now owns 1,873,343 shares of the company’s stock valued at $115,623,000 after purchasing an additional 21,234 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PCOR shares. BMO Capital Markets increased their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. The Goldman Sachs Group increased their price target on shares of Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird increased their price target on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. TD Cowen increased their price target on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Mizuho increased their price target on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.94.

Procore Technologies Trading Down 0.6 %

NYSE:PCOR opened at $78.42 on Thursday. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92. The stock has a market cap of $11.66 billion, a price-to-earnings ratio of -108.92 and a beta of 0.84. The company has a 50-day moving average price of $78.19 and a 200-day moving average price of $70.04. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last issued its quarterly 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 business had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Equities analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insider Activity at Procore Technologies

In related news, Director Connor Kevin J. O sold 33,332 shares of Procore Technologies stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total transaction of $2,730,890.76. Following the completion of the transaction, the director now directly owns 1,282,648 shares of the company’s stock, valued at $105,087,350.64. This trade represents a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Benjamin C. Singer sold 6,937 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $83.60, for a total transaction of $579,933.20. Following the sale, the insider now owns 72,110 shares of the company’s stock, valued at approximately $6,028,396. This represents a 8.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,311 shares of company stock valued at $7,720,903 in the last three months. Company insiders own 29.00% of the company’s stock.

About Procore Technologies

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.