SG Americas Securities LLC Buys New Shares in Procore Technologies, Inc. (NYSE:PCOR)

SG Americas Securities LLC acquired a new stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,515 shares of the company's stock, valued at approximately $788,000.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in Procore Technologies by 76.4% during the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company's stock valued at $25,000 after purchasing an additional 175 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Procore Technologies during the third quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in shares of Procore Technologies by 92.1% during 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. International Assets Investment Management LLC increased its position in Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock valued at $49,000 after purchasing an additional 789 shares during the period. Finally, Hilltop National Bank bought a new position in Procore Technologies in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Procore Technologies Stock Down 0.5 %

Shares of NYSE PCOR traded down $0.44 during midday trading on Thursday, hitting $80.00. The stock had a trading volume of 763,861 shares, compared to its average volume of 1,034,024. The business's 50 day moving average is $78.45 and its 200-day moving average is $67.92. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $86.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market cap of $11.89 billion, a P/E ratio of -160.00 and a beta of 0.83.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analysts' expectations of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. As a group, analysts predict that Procore Technologies, Inc. will post -0.22 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on PCOR shares. Piper Sandler boosted their price target on shares of Procore Technologies from $70.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. increased their target price on Procore Technologies from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. UBS Group initiated coverage on Procore Technologies in a research note on Monday, December 2nd. They issued a "buy" rating and a $105.00 target price for the company. BMO Capital Markets upped their price target on Procore Technologies from $71.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, DA Davidson raised their price objective on Procore Technologies from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.00.

Insider Transactions at Procore Technologies

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the completion of the sale, the insider now directly owns 83,039 shares in the company, valued at approximately $6,477,042. The trade was a 1.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William Fred Fleming, Jr. sold 2,668 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $190,388.48. Following the completion of the transaction, the senior vice president now owns 72,605 shares in the company, valued at approximately $5,181,092.80. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,804 shares of company stock worth $10,195,395 over the last quarter. 29.00% of the stock is currently owned by insiders.

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.