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

Segall Bryant & Hamill LLC cut its stake in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,728 shares of the company's stock after selling 4,372 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.10% of Procore Technologies worth $10,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Procore Technologies by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 11,900,337 shares of the company's stock worth $891,692,000 after acquiring an additional 838,925 shares during the period. Capital World Investors increased its position in shares of Procore Technologies by 453.6% during the 4th quarter. Capital World Investors now owns 3,118,962 shares of the company's stock worth $233,704,000 after purchasing an additional 2,555,612 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Procore Technologies by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 2,762,275 shares of the company's stock worth $182,365,000 after purchasing an additional 82,311 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Procore Technologies by 14.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,627,408 shares of the company's stock worth $196,873,000 after purchasing an additional 322,367 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Procore Technologies by 4.0% during the 4th quarter. FIL Ltd now owns 2,171,975 shares of the company's stock worth $162,746,000 after purchasing an additional 84,216 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Procore Technologies Trading Down 0.8%

PCOR stock traded down $0.59 during mid-day trading on Monday, reaching $73.54. 842,283 shares of the company traded hands, compared to its average volume of 1,657,497. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $68.99 and a 200-day moving average price of $70.37. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $88.92.

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

Insider Transactions at Procore Technologies

In other news, insider Benjamin C. Singer sold 4,500 shares of Procore Technologies stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $75.00, for a total transaction of $337,500.00. Following the transaction, the insider directly owned 97,557 shares of the company's stock, valued at $7,316,775. The trade was a 4.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Connor Kevin J. O sold 8,035 shares of Procore Technologies stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $72.36, for a total value of $581,412.60. Following the transaction, the director directly owned 1,154,097 shares in the company, valued at approximately $83,510,458.92. The trade was a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 671,723 shares of company stock worth $43,802,902 over the last quarter. Corporate insiders own 29.00% of the company's stock.

Wall Street Analyst Weigh In

PCOR has been the subject of several research reports. Barclays raised their price objective on shares of Procore Technologies from $72.00 to $82.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. reduced their price objective on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. UBS Group reduced their price objective 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. DA Davidson raised shares of Procore Technologies to a "hold" rating in a research note on Tuesday, May 13th. Finally, Mizuho cut their price objective on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.