Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,938 shares of the company’s stock after purchasing an additional 10,491 shares during the quarter. Stifel Financial Corp owned about 0.09% of Procore Technologies worth $9,661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc increased its position in shares of Procore Technologies by 92.1% in the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of 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 purchasing an additional 147 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Procore Technologies by 161.6% during the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock worth $49,000 after purchasing an additional 404 shares during the period. Finally, Hilltop National Bank acquired a new position in Procore Technologies in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PCOR shares. Mizuho decreased their price objective on shares of Procore Technologies from $75.00 to $65.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. DA Davidson lowered their price target on shares of Procore Technologies from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. JMP Securities increased their price target on Procore Technologies from $90.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 18th. Barclays lowered their target price on Procore Technologies from $90.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price target on Procore Technologies from $97.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Procore Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $81.18.

Procore Technologies Trading Up 1.3 %

PCOR stock opened at $63.80 on Monday. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92. The business’s 50-day moving average is $67.74 and its 200 day moving average is $72.31. 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 stock has a market cap of $9.57 billion, a price-to-earnings ratio of -88.61 and a beta of 0.90.

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). The firm had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. On average, sell-side analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insider Activity at Procore Technologies

In other news, Director Connor Kevin J. O sold 6,410 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $77.33, for a total value of $495,685.30. Following the transaction, the director now owns 1,244,188 shares of the company’s stock, valued at $96,213,058.04. This represents a 0.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the transaction, the insider now directly owns 200 shares of the company’s stock, valued at approximately $17,480. This trade represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,962 shares of company stock valued at $5,041,588. Corporate insiders own 29.00% of the company’s stock.

Procore Technologies Company 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.