Gilder Gagnon Howe & Co. LLC Sells 6,968 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Gilder Gagnon Howe & Co. LLC lessened its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,137,328 shares of the company’s stock after selling 6,968 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.77% of Procore Technologies worth $85,220,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in 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 buying an additional 175 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Procore Technologies by 61.3% in the fourth 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 period. V Square Quantitative Management LLC grew its position in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares in the last quarter. Huntington National Bank grew its position in shares of Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock valued at $49,000 after purchasing an additional 404 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Procore Technologies during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PCOR shares. JPMorgan Chase & Co. reduced their target price on Procore Technologies from $97.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Macquarie decreased their target price on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Barclays lowered their target price on shares of Procore Technologies from $90.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. DA Davidson reduced their price target on shares of Procore Technologies from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, UBS Group lowered their price objective on Procore Technologies from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. Four equities research 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 has an average rating of “Moderate Buy” and an average target price of $81.18.

Insider Activity

In other news, CRO Lawrence Joseph Stack sold 12,000 shares of the stock in a transaction dated 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 sale, the executive now directly owns 161,368 shares in the company, valued at approximately $13,380,634.56. This represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Howard Fu sold 8,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total value of $696,000.00. Following the transaction, the chief financial officer now owns 156,188 shares in the company, valued at approximately $13,588,356. This represents a 4.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,962 shares of company stock valued at $5,041,588. 29.00% of the stock is currently owned by company insiders.

Procore Technologies Price Performance

Shares of Procore Technologies stock opened at $63.80 on Friday. 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 stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of -88.61 and a beta of 0.90. The company has a fifty day moving average of $67.74 and a 200-day moving average of $72.15. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $88.92.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The company had revenue of $302.05 million during 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%. Equities research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current year.

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.