Taylor Frigon Capital Management LLC Sells 4,839 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Taylor Frigon Capital Management LLC decreased its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 9.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,006 shares of the company’s stock after selling 4,839 shares during the quarter. Procore Technologies comprises about 1.5% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Taylor Frigon Capital Management LLC’s holdings in Procore Technologies were worth $3,029,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Orion Portfolio Solutions LLC boosted its holdings in shares of Procore Technologies by 29.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 75,840 shares of the company’s stock worth $6,232,000 after purchasing an additional 17,119 shares during the period. M&G Plc bought a new position in Procore Technologies during the first quarter valued at $8,798,000. Swiss National Bank increased its position in Procore Technologies by 9.3% during the first quarter. Swiss National Bank now owns 184,100 shares of the company’s stock valued at $15,127,000 after acquiring an additional 15,700 shares during the last quarter. BNP Paribas purchased a new stake in shares of Procore Technologies in the first quarter valued at $1,349,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Procore Technologies by 16.9% in the 2nd quarter. Park Avenue Securities LLC now owns 8,741 shares of the company’s stock worth $580,000 after acquiring an additional 1,266 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $1,359,806.02. Following the completion of the sale, the chief executive officer now directly owns 793,123 shares of the company’s stock, valued at approximately $46,905,294.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Connor Kevin J. O sold 3,846 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $53.65, for a total transaction of $206,337.90. Following the transaction, the director now directly owns 1,444,313 shares in the company, valued at $77,487,392.45. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total value of $1,359,806.02. Following the transaction, the chief executive officer now directly owns 793,123 shares in the company, valued at $46,905,294.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,492 shares of company stock worth $5,020,312 over the last quarter. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Up 1.0 %

PCOR stock traded up $0.62 during trading on Thursday, hitting $62.24. 178,311 shares of the company’s stock traded hands, compared to its average volume of 1,521,172. The firm has a market capitalization of $9.19 billion, a P/E ratio of -97.81 and a beta of 0.73. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $83.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $59.43 and a two-hundred day simple moving average of $64.39.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Thursday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $284.30 million for the quarter, compared to analysts’ expectations of $275.26 million. Procore Technologies had a negative return on equity of 4.13% and a negative net margin of 8.54%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.28) EPS. Sell-side analysts anticipate that Procore Technologies, Inc. will post -0.28 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on PCOR. Macquarie reiterated a “neutral” rating and set a $70.00 price target on shares of Procore Technologies in a report on Tuesday, July 30th. Baird R W raised Procore Technologies to a “strong-buy” rating in a research note on Tuesday, September 24th. Piper Sandler reduced their price target on Procore Technologies from $74.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus dropped their price objective on Procore Technologies from $85.00 to $63.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird started coverage on Procore Technologies in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.13.

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.