Adero Partners LLC Sells 629 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Adero Partners LLC cut its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,425 shares of the company’s stock after selling 629 shares during the period. Procore Technologies makes up approximately 1.1% of Adero Partners LLC’s investment portfolio, making the stock its 19th largest holding. Adero Partners LLC owned about 0.15% of Procore Technologies worth $16,741,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Procore Technologies by 76.4% during the third 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 period. V Square Quantitative Management LLC bought a new position in shares of Procore Technologies during the third quarter worth $26,000. Versant Capital Management Inc grew its holdings in shares of Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares during the period. Finally, Hilltop National Bank bought a new stake in shares of Procore Technologies in the 4th quarter valued at $53,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,668 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $190,388.48. Following the sale, the senior vice president now owns 72,605 shares in the company, valued at $5,181,092.80. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Benjamin C. Singer sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total value of $117,000.00. Following the completion of the sale, the insider now directly owns 83,039 shares of the company’s stock, valued at approximately $6,477,042. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,304 shares of company stock valued at $9,026,520 in the last 90 days. 29.00% of the stock is currently owned by insiders.

Procore Technologies Trading Down 0.2 %

NYSE:PCOR opened at $77.46 on Thursday. The stock’s 50-day simple moving average is $78.43 and its 200 day simple moving average is $68.24. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $86.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PCOR shares. BMO Capital Markets boosted their target price on Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Mizuho boosted their price objective on Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. UBS Group began coverage on shares of Procore Technologies in a report on Monday, December 2nd. They set a “buy” rating and a $105.00 target price on the stock. Scotiabank lifted their price target on shares of Procore Technologies from $70.00 to $85.00 and gave the company a “sector outperform” rating in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Four equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

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.