BNP Paribas Has $158,000 Holdings in Procore Technologies, Inc. (NYSE:PCOR)

BNP Paribas lessened its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 77.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,564 shares of the company’s stock after selling 8,820 shares during the period. BNP Paribas’ holdings in Procore Technologies were worth $158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock worth $25,000 after acquiring an additional 175 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Procore Technologies during the 3rd quarter worth approximately $26,000. Signaturefd LLC boosted its position in shares of Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company’s stock worth $42,000 after acquiring an additional 216 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after acquiring an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Procore Technologies in the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Procore Technologies Trading Up 1.5 %

PCOR opened at $81.43 on Thursday. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $83.35. 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 fifty day moving average of $65.09 and a 200-day moving average of $64.09. The stock has a market cap of $12.11 billion, a PE ratio of -162.86 and a beta of 0.71.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The company had revenue of $295.89 million during the quarter, compared to analysts’ expectations of $287.42 million. On average, sell-side analysts predict that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PCOR shares. Robert W. Baird started coverage on shares of Procore Technologies in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $73.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Procore Technologies from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. TD Cowen increased their price objective on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. KeyCorp increased their price objective on shares of Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Barclays increased their price objective on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Insider Transactions at Procore Technologies

In other Procore Technologies news, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $1,617,374.40. Following the completion of the sale, the chief executive officer now directly owns 770,458 shares in the company, valued at approximately $54,979,882.88. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Howard Fu sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $71.75, for a total transaction of $107,625.00. Following the completion of the sale, the chief financial officer now owns 171,997 shares of the company’s stock, valued at $12,340,784.75. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,553 shares of company stock worth $7,933,974 over the last three months. 29.00% of the stock is owned by company insiders.

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.