150,386 Shares in Procore Technologies, Inc. (NYSE:PCOR) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in Procore Technologies, Inc. (NYSE:PCOR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 150,386 shares of the company’s stock, valued at approximately $11,268,000.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its stake in shares of Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the last quarter. Huntington National Bank grew its stake in shares of Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock worth $49,000 after purchasing an additional 404 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Procore Technologies by 1,434.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company’s stock worth $54,000 after purchasing an additional 674 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Procore Technologies by 84.7% in the fourth quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock worth $56,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling

In other Procore Technologies news, CFO Howard Fu sold 1,480 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $60.02, for a total value of $88,829.60. Following the completion of the sale, the chief financial officer now owns 206,704 shares in the company, valued at approximately $12,406,374.08. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the sale, the executive now owns 161,368 shares of the company’s stock, valued at approximately $13,380,634.56. This trade represents a 6.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,142 shares of company stock worth $4,053,807 in the last quarter. Insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

PCOR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Procore Technologies from $97.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. DA Davidson cut their price target on shares of Procore Technologies from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Barclays upped their price target on shares of Procore Technologies from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. BMO Capital Markets cut their price target on shares of Procore Technologies from $95.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, Piper Sandler cut their price target on shares of Procore Technologies from $110.00 to $75.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.24.

Procore Technologies Trading Down 1.2%

PCOR opened at $65.62 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. The firm has a market capitalization of $9.79 billion, a PE ratio of -91.14 and a beta of 0.90. The company’s 50-day moving average is $64.84 and its 200 day moving average is $72.43.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The company had revenue of $310.63 million for the quarter, compared to analyst estimates of $302.66 million. During the same quarter in the prior year, the business posted $0.30 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. As a group, research analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

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.