Proficio Capital Partners LLC Buys Shares of 11,090 Procore Technologies, Inc. (NYSE:PCOR)

Proficio Capital Partners LLC bought a new position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,090 shares of the company's stock, valued at approximately $831,000.

Several other institutional investors and hedge funds also recently modified their holdings of PCOR. Versant Capital Management Inc raised 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 worth $27,000 after purchasing an additional 175 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 147 shares during the last quarter. V Square Quantitative Management LLC increased its stake 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 acquiring an additional 162 shares during the last quarter. Hilltop National Bank purchased a new position in shares of Procore Technologies in the 4th quarter worth about $53,000. Finally, GAMMA Investing LLC lifted its stake in shares of Procore Technologies by 84.7% in the 4th quarter. GAMMA Investing LLC now owns 746 shares of the company's stock valued at $56,000 after purchasing an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Insider Buying and Selling

In related news, CRO Lawrence Joseph Stack sold 12,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the transaction, the executive now directly owns 161,368 shares in the company, valued at $13,380,634.56. This represents a 6.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Howard Fu sold 8,000 shares of the firm's stock in a transaction 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 sale, the chief financial officer now owns 156,188 shares in the company, valued at $13,588,356. The trade was a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,604 shares of company stock worth $5,427,468 over the last quarter. 29.00% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho lifted 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. JMP Securities boosted their price objective on Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Tuesday, February 18th. Jefferies Financial Group upgraded Procore Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $80.00 to $100.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised 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. Finally, Barclays upped 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. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.24.

Procore Technologies Stock Up 0.5 %

Procore Technologies stock traded up $0.39 during midday trading on Tuesday, hitting $72.35. The stock had a trading volume of 599,334 shares, compared to its average volume of 1,676,271. 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 business has a fifty day moving average price of $76.29 and a 200 day moving average price of $71.89. Procore Technologies, Inc. has a 12 month low of $49.46 and a 12 month high of $88.92. The stock has a market cap of $10.85 billion, a P/E ratio of -100.48 and a beta of 0.85.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data 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). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The firm had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. Research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current 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.