Whetstone Capital Advisors LLC Has $4.84 Million Stock Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Whetstone Capital Advisors LLC reduced its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 78,384 shares of the company’s stock after selling 510 shares during the quarter. Procore Technologies makes up 2.3% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Whetstone Capital Advisors LLC’s holdings in Procore Technologies were worth $4,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in 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 during 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 increased its position in shares of Procore Technologies by 52.0% during the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after purchasing an additional 216 shares during the period. International Assets Investment Management LLC raised its stake in shares of Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after purchasing an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Procore Technologies in the second quarter worth $51,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PCOR shares. JMP Securities lowered their price target on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Procore Technologies from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird assumed coverage on shares of Procore Technologies in a research note on Tuesday, September 24th. They set an “outperform” rating and a $73.00 price target for the company. Jefferies Financial Group upped their price objective on Procore Technologies from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Finally, KeyCorp raised their target price on Procore Technologies from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Procore Technologies has a consensus rating of “Moderate Buy” and an average target price of $79.25.

Insider Buying and Selling at Procore Technologies

In related news, CFO Howard Fu sold 7,809 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total value of $557,250.24. Following the sale, the chief financial officer now directly owns 164,188 shares in the company, valued at $11,716,455.68. This trade represents a 4.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $1,617,374.40. Following the transaction, the chief executive officer now owns 770,458 shares of the company’s stock, valued at approximately $54,979,882.88. This represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,053 shares of company stock valued at $7,426,909. 29.00% of the stock is currently owned by insiders.

Procore Technologies Stock Down 2.1 %

Shares of NYSE:PCOR opened at $75.06 on Monday. 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 firm has a market cap of $11.16 billion, a P/E ratio of -153.36 and a beta of 0.71. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $83.35. The company’s 50-day moving average price is $64.19 and its two-hundred day moving average price is $63.92.

Procore Technologies (NYSE:PCOR) last released its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. As a group, research analysts forecast that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

About Procore Technologies

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.