Natixis Advisors LLC Sells 287 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Natixis Advisors LLC trimmed its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,105 shares of the company’s stock after selling 287 shares during the quarter. Natixis Advisors LLC’s holdings in Procore Technologies were worth $932,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Park Avenue Securities LLC raised its holdings in shares of Procore Technologies by 16.9% during the second quarter. Park Avenue Securities LLC now owns 8,741 shares of the company’s stock valued at $580,000 after purchasing an additional 1,266 shares during the period. M&G Plc grew its holdings in shares of Procore Technologies by 12.4% during the second quarter. M&G Plc now owns 120,626 shares of the company’s stock valued at $7,961,000 after buying an additional 13,334 shares during the last quarter. Burney Co. bought a new stake in Procore Technologies during the 1st quarter worth approximately $1,371,000. SG Americas Securities LLC raised its stake in shares of Procore Technologies by 118.0% in the second quarter. SG Americas Securities LLC now owns 17,466 shares of the company’s stock worth $1,158,000 after purchasing an additional 9,454 shares during the last quarter. Finally, Dragoneer Investment Group LLC raised its holdings in shares of Procore Technologies by 254.0% in the second quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock valued at $148,762,000 after purchasing an additional 1,609,607 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PCOR has been the subject of a number of research reports. Barclays boosted their price objective on Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. JMP Securities decreased their price target on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a report on Thursday, October 31st. KeyCorp lifted their price target on 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 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. Finally, JPMorgan Chase & Co. boosted their price objective on Procore Technologies from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.25.

Procore Technologies Trading Up 1.5 %

Shares of PCOR stock opened at $81.43 on Thursday. The stock has a market capitalization of $12.11 billion, a P/E ratio of -162.92 and a beta of 0.71. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $83.35. 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 50 day moving average is $65.09 and its 200 day moving average is $64.09.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The company had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Research analysts expect that Procore Technologies, Inc. will post -0.23 earnings per share for the current year.

Insider Activity at Procore Technologies

In other news, Director Kathryn Bueker sold 6,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $78.01, for a total value of $507,065.00. Following the transaction, the director now directly owns 23,932 shares in the company, valued at approximately $1,866,935.32. This represents a 21.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $1,617,374.40. Following the completion of the sale, the chief executive officer now directly owns 770,458 shares of the company’s stock, valued at approximately $54,979,882.88. This trade represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,553 shares of company stock valued at $7,933,974. 29.00% of the stock is owned by corporate insiders.

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.