Taylor Frigon Capital Management LLC Has $3.56 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Taylor Frigon Capital Management LLC boosted its holdings in Procore Technologies, Inc. (NYSE:PCOR – Get Rating) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,408 shares of the company’s stock after buying an additional 14,721 shares during the quarter. Procore Technologies makes up approximately 2.0% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Taylor Frigon Capital Management LLC owned 0.05% of Procore Technologies worth $3,558,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Procore Technologies by 311.8% during the 1st quarter. Bank of New York Mellon Corp now owns 487,908 shares of the company’s stock worth $28,280,000 after buying an additional 369,427 shares during the period. HighTower Advisors LLC lifted its stake in Procore Technologies by 33.1% during the 1st quarter. HighTower Advisors LLC now owns 15,927 shares of the company’s stock valued at $924,000 after acquiring an additional 3,959 shares in the last quarter. Citigroup Inc. raised its stake in shares of Procore Technologies by 41.9% during the 1st quarter. Citigroup Inc. now owns 8,019 shares of the company’s stock worth $465,000 after purchasing an additional 2,367 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Procore Technologies during the 1st quarter worth $31,000. Finally, Bank of Montreal Can bought a new stake in shares of Procore Technologies during the 1st quarter worth $2,460,000. Institutional investors own 82.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PCOR has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their target price on Procore Technologies from $77.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, February 17th. Barclays upped their target price on Procore Technologies from $61.00 to $72.00 in a report on Friday, February 17th. KeyCorp upped their price target on Procore Technologies from $71.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 17th. Oppenheimer upped their price target on Procore Technologies from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. Finally, Piper Sandler increased their target price on Procore Technologies from $60.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, February 17th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Procore Technologies currently has an average rating of “Moderate Buy” and an average price target of $72.67.

Procore Technologies Stock Down 0.5 %

Shares of NYSE:PCOR traded down $0.29 during trading on Friday, hitting $60.31. 1,370,389 shares of the company’s stock were exchanged, compared to its average volume of 1,396,489. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.50 and a current ratio of 1.50. Procore Technologies, Inc. has a 52-week low of $40.00 and a 52-week high of $68.56. The business’s 50-day simple moving average is $59.17 and its 200 day simple moving average is $54.09.

Insider Buying and Selling

In other Procore Technologies news, insider Joy Driscoll Durling sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $59.69, for a total transaction of $447,675.00. Following the completion of the transaction, the insider now owns 114,874 shares in the company, valued at approximately $6,856,829.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Procore Technologies news, insider Benjamin C. Singer sold 4,564 shares of Procore Technologies stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $64.25, for a total transaction of $293,237.00. Following the completion of the sale, the insider now directly owns 136,374 shares of the company’s stock, valued at approximately $8,762,029.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Joy Driscoll Durling sold 7,500 shares of Procore Technologies stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $59.69, for a total value of $447,675.00. Following the sale, the insider now directly owns 114,874 shares of the company’s stock, valued at $6,856,829.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,680 shares of company stock worth $8,390,636. 40.00% of the stock is owned by corporate insiders.

About Procore Technologies

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Procore Technologies, Inc provides 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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.