150,386 Shares in Procore Technologies, Inc. (NYSE:PCOR) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 150,386 shares of the company's stock, valued at approximately $11,268,000. Jefferies Financial Group Inc. owned approximately 0.10% of Procore Technologies at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Procore Technologies by 49.1% during the third quarter. Barclays PLC now owns 69,012 shares of the company's stock worth $4,259,000 after purchasing an additional 22,734 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Procore Technologies by 84.7% during the fourth quarter. GAMMA Investing LLC now owns 746 shares of the company's stock worth $56,000 after purchasing an additional 342 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Procore Technologies by 99.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,861,024 shares of the company's stock worth $214,377,000 after purchasing an additional 1,425,967 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Procore Technologies by 71.5% during the fourth quarter. Park Avenue Securities LLC now owns 12,713 shares of the company's stock worth $953,000 after purchasing an additional 5,299 shares during the last quarter. Finally, Northside Capital Management LLC lifted its position in shares of Procore Technologies by 28.2% during the fourth quarter. Northside Capital Management LLC now owns 45,236 shares of the company's stock worth $3,390,000 after purchasing an additional 9,948 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Procore Technologies

In related news, insider Benjamin C. Singer sold 6,937 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $83.60, for a total transaction of $579,933.20. Following the transaction, the insider now owns 72,110 shares in the company, valued at $6,028,396. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total transaction of $93,867.60. Following the transaction, the insider now owns 200 shares in the company, valued at $17,480. This represents a 84.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,834 shares of company stock worth $5,181,472. 29.00% of the stock is owned by company insiders.

Procore Technologies Stock Performance

Shares of NYSE:PCOR traded down $0.35 during trading hours on Friday, hitting $71.08. The stock had a trading volume of 767,569 shares, compared to its average volume of 1,723,071. The stock's fifty day simple moving average is $64.88 and its 200 day simple moving average is $72.68. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of -98.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on PCOR shares. Scotiabank reduced their price target on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus reduced their price target on shares of Procore Technologies from $93.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group reduced their price target on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Barclays increased their price target on shares of Procore Technologies from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Macquarie cut their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.24.

About Procore Technologies

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.