Segall Bryant & Hamill LLC Sells 4,372 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Segall Bryant & Hamill LLC cut its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,728 shares of the company's stock after selling 4,372 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of Procore Technologies worth $10,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Huntington National Bank raised its position in Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company's stock worth $49,000 after acquiring an additional 404 shares during the period. Aster Capital Management DIFC Ltd increased its stake in shares of Procore Technologies by 181.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 843 shares of the company's stock worth $63,000 after purchasing an additional 544 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Procore Technologies by 10,625.0% in the 4th quarter. Ancora Advisors LLC now owns 858 shares of the company's stock worth $64,000 after purchasing an additional 850 shares during the period. Versant Capital Management Inc lifted its stake in Procore Technologies by 174.2% in the first quarter. Versant Capital Management Inc now owns 1,001 shares of the company's stock valued at $66,000 after purchasing an additional 636 shares during the last quarter. Finally, GeoWealth Management LLC bought a new position in Procore Technologies during the fourth quarter valued at $78,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procore Technologies

In other news, major shareholder Iconiq Strategic Partners Iv, sold 192,803 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $64.76, for a total transaction of $12,485,922.28. Following the completion of the sale, the insider directly owned 3,137,255 shares in the company, valued at approximately $203,168,633.80. This represents a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathryn Bueker sold 7,000 shares of Procore Technologies stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $72.43, for a total value of $507,010.00. Following the completion of the sale, the director owned 16,932 shares in the company, valued at approximately $1,226,384.76. This represents a 29.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 671,723 shares of company stock valued at $43,802,902. 29.00% of the stock is currently owned by insiders.

Procore Technologies Stock Up 1.2%

NYSE:PCOR traded up $0.89 during trading hours on Friday, reaching $74.13. The company's stock had a trading volume of 1,184,748 shares, compared to its average volume of 1,658,345. 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 has a 50-day simple moving average of $68.82 and a 200-day simple moving average of $70.44. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings data 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 6.54% and a negative net margin of 10.73%. The firm had revenue of $310.63 million for the quarter, compared to the consensus estimate of $302.66 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company's quarterly revenue was up 15.3% on a year-over-year basis. As a group, analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PCOR. BMO Capital Markets lowered their target price on Procore Technologies from $95.00 to $75.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Arete started coverage on Procore Technologies in a research note on Monday, June 16th. They issued a "buy" rating and a $91.00 price objective on the stock. Jefferies Financial Group dropped their price objective on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Stifel Nicolaus reduced their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.39.

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.