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

Segall Bryant & Hamill LLC increased its position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,100 shares of the company's stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co increased its stake in shares of Procore Technologies by 157.1% in the 4th quarter. Diversified Trust Co now owns 50,649 shares of the company's stock worth $3,795,000 after acquiring an additional 30,948 shares in the last quarter. US Bancorp DE lifted its position in Procore Technologies by 18.8% during the fourth quarter. US Bancorp DE now owns 21,416 shares of the company's stock valued at $1,605,000 after purchasing an additional 3,390 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Procore Technologies in the 4th quarter worth $20,729,000. Barclays PLC boosted its position in Procore Technologies by 49.1% in the third quarter. Barclays PLC now owns 69,012 shares of the company's stock worth $4,259,000 after purchasing an additional 22,734 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Procore Technologies during the fourth quarter valued at approximately $56,000. 81.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Howard Fu sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.00, for a total value of $696,000.00. Following the completion of the transaction, the chief financial officer now owns 156,188 shares of the company's stock, valued at $13,588,356. The trade was a 4.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of Procore Technologies stock in a transaction 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 sale, the insider now directly owns 200 shares of the company's stock, valued at approximately $17,480. This represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,604 shares of company stock worth $5,427,468. 29.00% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several research firms recently issued reports on PCOR. Macquarie reduced their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. JPMorgan Chase & Co. increased their price target on Procore Technologies from $85.00 to $92.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. UBS Group boosted their target price on shares of Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, February 14th. JMP Securities boosted their target price on Procore Technologies from $90.00 to $95.00 and gave the company a "market outperform" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group raised shares of Procore Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $80.00 to $100.00 in a research report on Monday, January 6th. Four 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $90.24.

Procore Technologies Stock Down 3.7 %

Shares of NYSE PCOR traded down $2.54 during mid-day trading on Friday, hitting $66.74. The company had a trading volume of 1,245,177 shares, compared to its average volume of 1,702,659. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $10.01 billion, a PE ratio of -92.70 and a beta of 0.85. The business's 50-day simple moving average is $75.77 and its 200 day simple moving average is $72.19. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92.

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

About Procore Technologies

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.