Barclays PLC Sells 15,873 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Barclays PLC lessened its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,139 shares of the company's stock after selling 15,873 shares during the quarter. Barclays PLC's holdings in Procore Technologies were worth $3,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC raised its holdings in 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 buying an additional 129 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after acquiring an additional 147 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock worth $44,000 after acquiring an additional 162 shares during the period. Versant Capital Management Inc grew its position in Procore Technologies by 92.1% during the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the period. Finally, Covestor Ltd raised its position in Procore Technologies by 15.1% in the fourth quarter. Covestor Ltd now owns 1,571 shares of the company's stock worth $118,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Procore Technologies Trading Up 1.2 %

Shares of PCOR stock traded up $0.76 during trading hours on Friday, reaching $63.97. The company's stock had a trading volume of 629,998 shares, compared to its average volume of 1,722,954. 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, Inc. has a one year low of $49.46 and a one year high of $88.92. The stock has a market capitalization of $9.54 billion, a P/E ratio of -88.78 and a beta of 0.90. The firm's fifty day simple moving average is $66.19 and its 200 day simple moving average is $72.20.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $302.05 million for the quarter, compared to analysts' expectations of $297.72 million. Equities research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In related news, Director Connor Kevin J. O sold 7,700 shares of Procore Technologies stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $56.67, for a total transaction of $436,359.00. Following the completion of the transaction, the director now directly owns 1,208,284 shares of the company's stock, valued at $68,473,454.28. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Howard Fu sold 1,480 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $60.02, for a total transaction of $88,829.60. Following the sale, the chief financial officer now directly owns 206,704 shares in the company, valued at $12,406,374.08. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,962 shares of company stock valued at $5,041,588 over the last three months. Corporate insiders own 29.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays dropped their price target on Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group reduced their target price on Procore Technologies from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Macquarie lowered their price objective on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Mizuho lowered their price target on Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Finally, Scotiabank decreased their price objective on Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.12.

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.