Crescent Park Management L.P. Lowers Stock Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Crescent Park Management L.P. lessened its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 185,434 shares of the company’s stock after selling 11,222 shares during the period. Procore Technologies accounts for 5.3% of Crescent Park Management L.P.’s holdings, making the stock its 7th largest position. Crescent Park Management L.P.’s holdings in Procore Technologies were worth $13,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc grew its stake in Procore Technologies by 92.1% during the fourth 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 last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after acquiring an additional 147 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares in the last quarter. Huntington National Bank increased its holdings in Procore Technologies by 161.6% during the 4th 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 position in Procore Technologies in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

PCOR has been the topic of several research analyst reports. Robert W. Baird increased their target price on Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price objective on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Mizuho upped their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Barclays raised their price target on shares of Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.65.

Procore Technologies Stock Performance

Shares of Procore Technologies stock opened at $67.68 on Wednesday. The stock’s fifty day simple moving average is $75.34 and its 200 day simple moving average is $72.32. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.15 billion, a PE ratio of -94.00 and a beta of 0.85. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The company had revenue of $302.05 million for the quarter, compared to analyst estimates of $297.72 million. On average, research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling

In other Procore Technologies news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total transaction of $93,867.60. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at $17,480. The trade was a 84.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $82.92, for a total value of $995,040.00. Following the completion of the transaction, the executive now owns 161,368 shares of the company’s stock, valued at $13,380,634.56. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,604 shares of company stock worth $5,427,468. 29.00% of the stock is owned by corporate insiders.

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.