Tanager Wealth Management LLP Sells 9,513 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Tanager Wealth Management LLP decreased its stake in Procore Technologies, Inc. (NYSE:PCOR) by 74.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,234 shares of the company’s stock after selling 9,513 shares during the period. Tanager Wealth Management LLP’s holdings in Procore Technologies were worth $242,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PCOR. GAMMA Investing LLC grew its holdings in shares of Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Procore Technologies during the 3rd quarter valued at $26,000. Versant Capital Management Inc grew its holdings in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. International Assets Investment Management LLC grew its holdings 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 valued at $49,000 after purchasing an additional 789 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Procore Technologies during the 4th quarter valued at $53,000. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PCOR shares. Barclays increased their target price on shares of Procore Technologies from $66.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. TD Cowen increased their target price on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 22nd. KeyCorp increased their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Piper Sandler increased their price target on shares of Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets increased their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Procore Technologies has an average rating of “Moderate Buy” and an average price target of $86.00.

Procore Technologies Stock Down 0.6 %

NYSE:PCOR opened at $77.58 on Wednesday. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $86.67. The company has a 50-day moving average price of $78.51 and a 200-day moving average price of $68.17. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Insider Activity at Procore Technologies

In related news, CFO Howard Fu sold 1,500 shares of Procore Technologies stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $71.75, for a total transaction of $107,625.00. Following the completion of the transaction, the chief financial officer now directly owns 171,997 shares of the company’s stock, valued at $12,340,784.75. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Connor Kevin J. O sold 6,410 shares of Procore Technologies stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $76.62, for a total transaction of $491,134.20. Following the transaction, the director now directly owns 1,250,598 shares of the company’s stock, valued at approximately $95,820,818.76. This trade represents a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,804 shares of company stock valued at $9,134,145 in the last three months. Company insiders own 29.00% of the company’s stock.

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.