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

Segall Bryant & Hamill LLC lifted its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 21.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,100 shares of the company’s stock after acquiring an additional 28,622 shares during the quarter. Segall Bryant & Hamill LLC owned 0.11% of Procore Technologies worth $11,921,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its stake in Procore Technologies by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,303 shares of the company’s stock valued at $42,112,000 after acquiring an additional 97,117 shares during the period. Cerity Partners LLC lifted its holdings in Procore Technologies by 58.9% during the third quarter. Cerity Partners LLC now owns 53,509 shares of the company’s stock valued at $3,303,000 after purchasing an additional 19,838 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Procore Technologies by 8.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 31,718 shares of the company’s stock worth $1,958,000 after buying an additional 2,538 shares during the last quarter. Advantage Alpha Capital Partners LP boosted its stake in shares of Procore Technologies by 30.2% in the third quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock worth $7,825,000 after acquiring an additional 29,431 shares during the last quarter. Finally, FMR LLC boosted its stake in Procore Technologies by 4.6% during the 3rd quarter. FMR LLC now owns 17,939 shares of the company’s stock worth $1,107,000 after purchasing an additional 797 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. KeyCorp upped their price target on Procore Technologies from $85.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. UBS Group upped their price objective on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Mizuho boosted their target price on shares of Procore Technologies from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $80.00 to $100.00 in a report on Monday, January 6th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $90.24.

Insider Buying and Selling

In related news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of Procore Technologies stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total value of $93,867.60. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at $17,480. The trade was a 84.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Howard Fu sold 1,190 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $67.00, for a total transaction of $79,730.00. Following the completion of the sale, the chief financial officer now directly owns 146,160 shares in the company, valued at approximately $9,792,720. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 69,604 shares of company stock valued at $5,427,468 in the last three months. 29.00% of the stock is owned by corporate insiders.

Procore Technologies Trading Up 0.5 %

NYSE PCOR opened at $72.35 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of -100.48 and a beta of 0.85. The firm has a 50 day simple moving average of $76.29 and a 200-day simple moving average of $71.89. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The business had revenue of $302.05 million during the quarter, compared to analysts’ expectations of $297.72 million. Equities research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

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.