Procore Technologies (NYSE:PCOR) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Procore Technologies (NYSE:PCOR - Free Report) from a hold rating to a buy rating in a report published on Monday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has $100.00 target price on the stock, up from their prior target price of $80.00.

Several other equities research analysts have also recently weighed in on the company. Baird R W raised Procore Technologies to a "strong-buy" rating in a research note on Tuesday, September 24th. DA Davidson increased their target price on shares of Procore Technologies from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Mizuho boosted their price target on shares of Procore Technologies from $65.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. JMP Securities lifted their target price on shares of Procore Technologies from $75.00 to $90.00 and gave the stock a "market outperform" rating in a research note on Monday, December 2nd. Finally, KeyCorp upped their price target on shares of Procore Technologies from $68.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Procore Technologies has an average rating of "Moderate Buy" and an average target price of $86.00.

Procore Technologies Trading Up 1.4 %

NYSE PCOR traded up $1.08 during trading hours on Monday, reaching $78.12. The company's stock had a trading volume of 1,452,059 shares, compared to its average volume of 1,351,753. The firm has a fifty day simple moving average of $75.50 and a 200-day simple moving average of $66.52. 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 has a 52 week low of $49.46 and a 52 week high of $86.67. The stock has a market cap of $11.61 billion, a P/E ratio of -156.24 and a beta of 0.83.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The firm had revenue of $295.89 million during the quarter, compared to the consensus estimate of $287.42 million. Equities analysts forecast that Procore Technologies will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Procore Technologies

In related news, SVP William Fred Fleming, Jr. sold 15,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the completion of the sale, the senior vice president now owns 75,120 shares in the company, valued at approximately $5,314,740. This represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Connor Kevin J. O sold 33,332 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total value of $2,730,890.76. Following the transaction, the director now owns 1,282,648 shares in the company, valued at approximately $105,087,350.64. This trade represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,693 shares of company stock valued at $10,479,096. Corporate insiders own 29.00% of the company's stock.

Institutional Investors Weigh In On Procore Technologies

A number of institutional investors have recently added to or reduced their stakes in PCOR. GAMMA Investing LLC grew its holdings in shares of Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company's stock valued at $25,000 after acquiring an additional 175 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Procore Technologies in the 3rd quarter valued at $26,000. Versant Capital Management Inc increased its position in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock worth $49,000 after purchasing an additional 789 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Procore Technologies in the 3rd quarter worth about $71,000. 81.10% of the stock is owned by institutional investors.

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.