Federated Hermes Inc. Has $15.90 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Federated Hermes Inc. reduced its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,641 shares of the company's stock after selling 85,257 shares during the quarter. Federated Hermes Inc. owned approximately 0.16% of Procore Technologies worth $15,896,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its position in Procore Technologies by 2,600.0% in the 3rd quarter. IFP Advisors Inc now owns 378 shares of the company's stock valued at $25,000 after purchasing an additional 364 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of Procore Technologies in the third quarter valued at approximately $36,000. International Assets Investment Management LLC boosted its stake in shares of Procore Technologies by 6,823.1% in the fourth quarter. International Assets Investment Management LLC now owns 900 shares of the company's stock valued at $62,000 after buying an additional 887 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new position in Procore Technologies during the third quarter worth $202,000. Finally, Portside Wealth Group LLC raised its holdings in Procore Technologies by 7.5% during the third quarter. Portside Wealth Group LLC now owns 3,311 shares of the company's stock worth $215,000 after purchasing an additional 231 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Price Performance

Shares of PCOR stock traded up $1.16 during trading hours on Tuesday, hitting $71.74. The company had a trading volume of 1,661,111 shares, compared to its average volume of 1,204,759. Procore Technologies, Inc. has a 12 month low of $48.11 and a 12 month high of $83.35. The firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of -53.94 and a beta of 0.71. The firm's fifty day moving average is $77.07 and its 200 day moving average is $68.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.49 and a current ratio of 1.49.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.13. Procore Technologies had a negative return on equity of 12.26% and a negative net margin of 19.97%. The firm had revenue of $260.04 million for the quarter, compared to the consensus estimate of $248.20 million. On average, sell-side analysts predict that Procore Technologies, Inc. will post -0.64 EPS for the current fiscal year.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 5,128 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $72.21, for a total transaction of $370,292.88. Following the completion of the sale, the director now owns 1,543,037 shares in the company, valued at approximately $111,422,701.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Connor Kevin J. O sold 5,128 shares of the company's stock in a transaction on Monday, February 5th. The shares were sold at an average price of $72.21, for a total value of $370,292.88. Following the completion of the sale, the director now owns 1,543,037 shares in the company, valued at approximately $111,422,701.77. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Nanci Caldwell sold 9,270 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $75.00, for a total transaction of $695,250.00. Following the completion of the sale, the director now owns 64,280 shares of the company's stock, valued at approximately $4,821,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 466,231 shares of company stock worth $36,510,114. Insiders own 39.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PCOR shares. Stifel Nicolaus boosted their price target on Procore Technologies from $64.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, February 16th. KeyCorp boosted their price target on Procore Technologies from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. The Goldman Sachs Group upped their target price on Procore Technologies from $74.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their target price on Procore Technologies from $76.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets upped their target price on Procore Technologies from $76.00 to $90.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Procore Technologies currently has an average rating of "Moderate Buy" and an average price target of $81.86.

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.