Jump Financial LLC Raises Stock Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Jump Financial LLC increased its position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 162.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,018 shares of the company's stock after buying an additional 17,358 shares during the quarter. Jump Financial LLC's holdings in Procore Technologies were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in Procore Technologies by 6,823.1% during the 4th quarter. International Assets Investment Management LLC now owns 900 shares of the company's stock valued at $62,000 after purchasing an additional 887 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Procore Technologies during the 4th quarter valued at $62,000. Raymond James & Associates purchased a new position in Procore Technologies during the 3rd quarter valued at $261,000. Bullseye Asset Management LLC increased its position in Procore Technologies by 100.4% during the 3rd quarter. Bullseye Asset Management LLC now owns 3,993 shares of the company's stock valued at $261,000 after purchasing an additional 2,000 shares during the period. Finally, Asset Management One Co. Ltd. purchased a new position in Procore Technologies during the 4th quarter valued at $265,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, insider Benjamin C. Singer sold 3,000 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $82.15, for a total value of $246,450.00. Following the transaction, the insider now directly owns 125,321 shares of the company's stock, valued at $10,295,120.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Procore Technologies news, insider Benjamin C. Singer sold 3,000 shares of the firm's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $82.15, for a total value of $246,450.00. Following the transaction, the insider now directly owns 125,321 shares of the company's stock, valued at $10,295,120.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William Fred Fleming, Jr. sold 6,041 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $73.90, for a total value of $446,429.90. Following the completion of the transaction, the senior vice president now directly owns 77,768 shares in the company, valued at $5,747,055.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 511,146 shares of company stock valued at $39,475,882. 39.20% of the stock is owned by company insiders.

Procore Technologies Stock Performance

Procore Technologies stock traded up $0.07 during midday trading on Tuesday, reaching $67.88. 786,850 shares of the company traded hands, compared to its average volume of 1,267,255. Procore Technologies, Inc. has a 12 month low of $48.11 and a 12 month high of $83.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.61 and a quick ratio of 1.60. The business has a 50 day moving average of $75.14 and a two-hundred day moving average of $69.16. The firm has a market capitalization of $9.93 billion, a price-to-earnings ratio of -70.76 and a beta of 0.78.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.13. The firm had revenue of $260.04 million for the quarter, compared to analysts' expectations of $248.20 million. Procore Technologies had a negative return on equity of 8.25% and a negative net margin of 13.64%. As a group, research analysts predict that Procore Technologies, Inc. will post -0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

PCOR has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Procore Technologies from $83.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. Stifel Nicolaus boosted their price target on Procore Technologies from $64.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. JMP Securities raised their price objective on Procore Technologies from $81.00 to $93.00 and gave the company a "market outperform" rating in a research report on Friday, February 16th. Barclays dropped their target price on Procore Technologies from $83.00 to $78.00 and set an "overweight" rating on the stock in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group raised their price target on Procore Technologies from $74.00 to $85.00 and gave the company a "buy" rating in a report on Friday, February 16th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $81.79.

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.