Curi RMB Capital LLC Has $7.17 Million Position in Procore Technologies, Inc. (NYSE:PCOR)

Curi RMB Capital LLC lowered its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,652 shares of the company's stock after selling 10,257 shares during the quarter. Curi RMB Capital LLC owned approximately 0.06% of Procore Technologies worth $7,167,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co boosted its position 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 worth $3,795,000 after buying an additional 30,948 shares during the period. US Bancorp DE boosted its position 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 during the period. Raymond James Financial Inc. acquired a new position in Procore Technologies during the 4th quarter worth $20,729,000. Barclays PLC grew its stake in shares of Procore Technologies by 49.1% in the third quarter. Barclays PLC now owns 69,012 shares of the company's stock worth $4,259,000 after purchasing an additional 22,734 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Procore Technologies during the fourth quarter valued at $56,000. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Trading Up 2.0 %

Shares of Procore Technologies stock traded up $1.28 during trading on Friday, hitting $64.27. The stock had a trading volume of 465,192 shares, compared to its average volume of 1,733,131. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92. The stock has a 50 day simple moving average of $68.24 and a 200 day simple moving average of $72.12. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $9.64 billion, a PE ratio of -89.11 and a beta of 0.90.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted 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 analysts' expectations 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, research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Activity

In related news, Director Connor Kevin J. O sold 6,410 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $77.33, for a total transaction of $495,685.30. Following the completion of the sale, the director now directly owns 1,244,188 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the transaction, the executive now owns 161,368 shares in the company, valued at approximately $13,380,634.56. This represents a 6.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,482 shares of company stock worth $4,952,759. 29.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PCOR shares. Scotiabank reduced their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating for the company in a report on Thursday. Piper Sandler reduced their price target on shares of Procore Technologies from $110.00 to $75.00 and set an "overweight" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Canaccord Genuity Group upped their target price on Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, KeyCorp lowered their price target on Procore Technologies from $96.00 to $77.00 and set an "overweight" rating on the stock in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.18.

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.