Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in Procore Technologies, Inc. (NYSE:PCOR) by 21.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 159,100 shares of the company’s stock after purchasing an additional 28,622 shares during the period. Segall Bryant & Hamill LLC’s holdings in Procore Technologies were worth $11,921,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PCOR. Versant Capital Management Inc boosted its stake in Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Procore Technologies by 61.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock worth $29,000 after buying an additional 147 shares during the last quarter. V Square Quantitative Management LLC increased its position in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the period. Hilltop National Bank purchased a new stake in Procore Technologies in the fourth quarter valued at approximately $53,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in shares of Procore Technologies by 1,434.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company’s stock worth $54,000 after acquiring an additional 674 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Trading Up 0.5 %

Shares of PCOR opened at $72.35 on Wednesday. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $10.85 billion, a P/E ratio of -100.48 and a beta of 0.85. The firm’s 50-day moving average is $76.29 and its two-hundred day moving average is $71.89.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). The firm had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. On average, research analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PCOR has been the subject of a number of recent research reports. Macquarie decreased their price target on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Barclays raised their price target on Procore Technologies from $84.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Jefferies Financial Group raised Procore Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $80.00 to $100.00 in a research note on Monday, January 6th. Robert W. Baird increased their price objective on Procore Technologies from $87.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, December 9th. 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. According to data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.24.

Insider Activity

In related news, CRO Lawrence Joseph Stack sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $82.92, for a total value of $995,040.00. Following the sale, the executive now owns 161,368 shares of the company’s stock, valued at approximately $13,380,634.56. This represents a 6.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Connor Kevin J. O sold 5,128 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $73.62, for a total value of $377,523.36. Following the transaction, the director now directly owns 1,264,700 shares of the company’s stock, valued at $93,107,214. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,604 shares of company stock worth $5,427,468 over the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

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.