Gilder Gagnon Howe & Co. LLC Decreases Stock Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Gilder Gagnon Howe & Co. LLC trimmed its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,137,328 shares of the company's stock after selling 6,968 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.77% of Procore Technologies worth $85,220,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock worth $44,000 after purchasing an additional 162 shares in the last quarter. Huntington National Bank grew its stake in shares of Procore Technologies by 161.6% in the 4th quarter. Huntington National Bank now owns 654 shares of the company's stock worth $49,000 after buying an additional 404 shares during the last quarter. Finally, Hilltop National Bank bought a new position in Procore Technologies during the 4th quarter valued at approximately $53,000. Institutional investors own 81.10% of the company's stock.

Insider Activity

In other news, CRO Lawrence Joseph Stack sold 12,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $82.92, for a total transaction of $995,040.00. Following the sale, the executive now directly owns 161,368 shares of the company's stock, valued at $13,380,634.56. This represents a 6.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Benjamin C. Singer sold 6,937 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $83.60, for a total transaction of $579,933.20. Following the completion of the transaction, the insider now directly owns 72,110 shares of the company's stock, valued at approximately $6,028,396. This trade represents a 8.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,962 shares of company stock worth $5,041,588 over the last quarter. Insiders own 29.00% of the company's stock.

Procore Technologies Price Performance

Shares of PCOR traded down $0.03 during mid-day trading on Thursday, reaching $64.07. The stock had a trading volume of 499,193 shares, compared to its average volume of 1,725,557. The business has a fifty day moving average of $66.54 and a 200 day moving average of $72.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of -89.05 and a beta of 0.90. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) 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 the consensus estimate of $297.72 million. Equities analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on PCOR. Barclays lowered their price target on Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. KeyCorp cut their price target on shares of Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. JMP Securities boosted their price objective on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a report on Tuesday, February 18th. Jefferies Financial Group cut their target price on Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, DA Davidson decreased their price target on Procore Technologies from $80.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Procore Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.18.

Procore Technologies Company 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.