JT Stratford LLC Invests $284,000 in Procore Technologies, Inc. (NYSE:PCOR)

JT Stratford LLC acquired a new position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,788 shares of the company's stock, valued at approximately $284,000.

A number of other institutional investors also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its holdings in Procore Technologies by 0.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock worth $1,199,000 after buying an additional 129 shares in the last quarter. Parkside Financial Bank & Trust raised its stake 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 acquiring an additional 147 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after purchasing an additional 162 shares during the period. Covestor Ltd grew its stake in Procore Technologies by 15.1% during the 4th quarter. Covestor Ltd now owns 1,571 shares of the company's stock worth $118,000 after purchasing an additional 206 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in Procore Technologies by 5.3% in the 4th quarter. Two Sigma Investments LP now owns 4,181 shares of the company's stock valued at $313,000 after purchasing an additional 210 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Stock Performance

Procore Technologies stock traded down $0.06 on Wednesday, hitting $68.12. The company's stock had a trading volume of 175,184 shares, compared to its average volume of 1,709,253. The firm has a market cap of $10.16 billion, a P/E ratio of -94.58 and a beta of 0.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The company has a fifty day moving average price of $64.83 and a 200-day moving average price of $72.67.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The business had revenue of $310.63 million during the quarter, compared to the consensus estimate of $302.66 million. During the same quarter last year, the company earned $0.30 EPS. Procore Technologies's revenue was up 15.3% on a year-over-year basis. On average, equities analysts anticipate that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Howard Fu sold 2,642 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $77.05, for a total transaction of $203,566.10. Following the completion of the transaction, the chief financial officer now directly owns 147,350 shares of the company's stock, valued at $11,353,317.50. This trade represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Connor Kevin J. O sold 5,128 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $67.10, for a total value of $344,088.80. Following the transaction, the director now directly owns 1,226,240 shares in the company, valued at $82,280,704. This trade represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,623 shares of company stock worth $3,144,659 in the last 90 days. Corporate insiders own 29.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PCOR. Jefferies Financial Group decreased their price target on Procore Technologies from $100.00 to $90.00 and set a "buy" rating for the company in a report on Monday, March 31st. Canaccord Genuity Group boosted their target price on Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. UBS Group reduced their price objective on shares of Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays increased their target price on shares of Procore Technologies from $70.00 to $72.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Scotiabank decreased their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.24.

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.