Procore Technologies, Inc. (NYSE:PCOR) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 41.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,914 shares of the company's stock after acquiring an additional 4,399 shares during the period. SG Americas Securities LLC's holdings in Procore Technologies were worth $985,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PCOR. Parkside Financial Bank & Trust grew its stake in Procore Technologies by 61.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock worth $29,000 after buying an additional 147 shares during the period. Huntington National Bank raised its stake in shares of Procore Technologies by 161.6% in the 4th quarter. Huntington National Bank now owns 654 shares of the company's stock valued at $49,000 after acquiring an additional 404 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Procore Technologies by 1,434.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock valued at $54,000 after acquiring an additional 674 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Procore Technologies in the 4th quarter valued at $56,000. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of Procore Technologies by 181.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 843 shares of the company's stock valued at $63,000 after acquiring an additional 544 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procore Technologies

In other news, major shareholder Iconiq Strategic Partners Iv, sold 192,803 shares of Procore Technologies stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $64.76, for a total value of $12,485,922.28. Following the completion of the transaction, the insider now directly owns 3,137,255 shares of the company's stock, valued at approximately $203,168,633.80. The trade was a 5.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Howard Fu sold 797 shares of Procore Technologies stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $68.99, for a total transaction of $54,985.03. Following the completion of the transaction, the chief financial officer now directly owns 199,067 shares of the company's stock, valued at $13,733,632.33. This trade represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 653,371 shares of company stock valued at $42,378,360. Insiders own 29.00% of the company's stock.

Procore Technologies Stock Performance

Procore Technologies stock opened at $66.29 on Thursday. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $88.92. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of -77.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.19 and a quick ratio of 1.19. The firm's fifty day moving average price is $65.34 and its 200 day moving average price is $71.78.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. The company had revenue of $310.63 million during the quarter, compared to the consensus estimate of $302.66 million. Procore Technologies had a negative net margin of 10.73% and a negative return on equity of 6.54%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. On average, research analysts forecast that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on PCOR shares. Jefferies Financial Group cut their target price on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Stifel Nicolaus cut their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Barclays raised 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 note on Friday, May 2nd. UBS Group cut their target price on shares of Procore Technologies from $110.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, BMO Capital Markets cut their target price on shares of Procore Technologies from $95.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.83.

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.

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