Natixis Advisors LLC Has $2.79 Million Stock Holdings in Procore Technologies, Inc. $PCOR

Natixis Advisors LLC lessened its position in shares of Procore Technologies, Inc. (NYSE:PCORFree Report) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,335 shares of the company’s stock after selling 12,356 shares during the quarter. Natixis Advisors LLC’s holdings in Procore Technologies were worth $2,788,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PCOR. Wilmington Savings Fund Society FSB acquired a new position in shares of Procore Technologies during the third quarter valued at $34,000. Jones Financial Companies Lllp lifted its stake in shares of Procore Technologies by 70.8% during the third quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Procore Technologies during the fourth quarter valued at $41,000. Allworth Financial LP lifted its stake in shares of Procore Technologies by 48.2% during the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after acquiring an additional 204 shares during the period. Finally, Employees Retirement System of Texas acquired a new position in shares of Procore Technologies during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Insiders Place Their Bets

In other Procore Technologies news, insider Benjamin C. Singer sold 3,942 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $50.00, for a total value of $197,100.00. Following the completion of the sale, the insider directly owned 96,723 shares in the company, valued at $4,836,150. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Connor Kevin J. O sold 5,769 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $51.07, for a total value of $294,622.83. Following the completion of the sale, the director owned 990,983 shares of the company’s stock, valued at $50,609,501.81. This trade represents a 0.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 121,955 shares of company stock worth $6,030,964 over the last ninety days. 16.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PCOR shares. Canaccord Genuity Group cut their price target on Procore Technologies from $90.00 to $72.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. UBS Group cut their price target on Procore Technologies from $74.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Stifel Nicolaus cut their price target on Procore Technologies from $85.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Zacks Research raised Procore Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, TD Cowen dropped their price objective on Procore Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Fifteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Procore Technologies has a consensus rating of “Moderate Buy” and an average target price of $72.56.

View Our Latest Report on Procore Technologies

Procore Technologies Trading Down 3.4%

NYSE PCOR opened at $45.78 on Wednesday. The stock has a 50-day simple moving average of $51.82 and a 200 day simple moving average of $59.96. The company has a market capitalization of $6.91 billion, a PE ratio of -89.76 and a beta of 0.73. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02. Procore Technologies, Inc. has a 12 month low of $44.70 and a 12 month high of $82.32.

Procore Technologies (NYSE:PCORGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $359.28 million during the quarter, compared to the consensus estimate of $352.82 million. Procore Technologies had a negative net margin of 5.61% and a negative return on equity of 2.24%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Research analysts forecast that Procore Technologies, Inc. will post 0.06 EPS for the current year.

About Procore Technologies

(Free Report)

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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Institutional Ownership by Quarter for Procore Technologies (NYSE:PCOR)

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