XTX Topco Ltd Has $307,000 Stake in Procore Technologies, Inc. (NYSE:PCOR)

XTX Topco Ltd reduced its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 88.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,098 shares of the company's stock after selling 31,805 shares during the period. XTX Topco Ltd's holdings in Procore Technologies were worth $307,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PCOR. Diversified Trust Co raised its stake in shares of Procore Technologies by 157.1% during the fourth quarter. Diversified Trust Co now owns 50,649 shares of the company's stock valued at $3,795,000 after purchasing an additional 30,948 shares during the period. US Bancorp DE grew its holdings in Procore Technologies by 18.8% during the 4th quarter. US Bancorp DE now owns 21,416 shares of the company's stock worth $1,605,000 after acquiring an additional 3,390 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Procore Technologies in the 4th quarter worth about $20,729,000. Barclays PLC raised its stake in shares of Procore Technologies by 49.1% in the 3rd quarter. Barclays PLC now owns 69,012 shares of the company's stock valued at $4,259,000 after purchasing an additional 22,734 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Procore Technologies in the 4th quarter valued at about $56,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PCOR has been the topic of a number of recent analyst reports. KeyCorp cut their target price on shares of Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JMP Securities increased their price objective on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Tuesday, February 18th. Scotiabank dropped their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Mizuho dropped their price objective on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. Finally, DA Davidson dropped their price objective on shares of Procore Technologies from $80.00 to $60.00 and set a "neutral" rating on the stock 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.18.

Insiders Place Their Bets

In other news, Director Connor Kevin J. O sold 6,410 shares of Procore Technologies stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $77.33, for a total value of $495,685.30. Following the sale, the director now directly owns 1,244,188 shares in the company, valued at $96,213,058.04. This trade represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Howard Fu sold 1,480 shares of Procore Technologies stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $60.02, for a total transaction of $88,829.60. Following the completion of the sale, the chief financial officer now owns 206,704 shares in the company, valued at $12,406,374.08. This trade represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,962 shares of company stock worth $5,041,588. Company insiders own 29.00% of the company's stock.

Procore Technologies Trading Down 0.0 %

Shares of NYSE PCOR traded down $0.01 during mid-day trading on Wednesday, hitting $63.98. The company's stock had a trading volume of 914,756 shares, compared to its average volume of 1,730,235. The stock has a market cap of $9.54 billion, a price-to-earnings ratio of -88.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The company's fifty day simple moving average is $66.54 and its 200-day simple moving average is $72.20.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.46). The firm had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. On average, sell-side analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

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.