Procore Technologies, Inc. (NYSE:PCOR) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 61.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 387 shares of the company’s stock after acquiring an additional 147 shares during the period. Parkside Financial Bank & Trust’s holdings in Procore Technologies were worth $29,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PCOR. Creative Planning acquired a new stake in shares of Procore Technologies in the 3rd quarter worth $234,000. Raymond James & Associates grew its holdings in shares of Procore Technologies by 3.0% in the third quarter. Raymond James & Associates now owns 47,982 shares of the company’s stock valued at $2,961,000 after purchasing an additional 1,386 shares during the period. International Assets Investment Management LLC increased its position in Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after purchasing an additional 789 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Procore Technologies by 120.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,279 shares of the company’s stock worth $511,000 after purchasing an additional 4,531 shares during the period. Finally, US Bancorp DE boosted its holdings in Procore Technologies by 7.9% in the 3rd quarter. US Bancorp DE now owns 18,026 shares of the company’s stock valued at $1,113,000 after purchasing an additional 1,322 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Connor Kevin J. O sold 5,128 shares of Procore Technologies stock in a transaction on Monday, January 13th. The shares were sold at an average price of $73.62, for a total transaction of $377,523.36. Following the completion of the sale, the director now directly owns 1,264,700 shares of the company’s stock, valued at approximately $93,107,214. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total value of $93,867.60. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at $17,480. This trade represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,311 shares of company stock valued at $7,720,903 in the last three months. 29.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JMP Securities raised their price target on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 18th. DA Davidson raised their target price on Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Barclays upped their price target on Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. TD Cowen increased their price target on Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, UBS Group boosted their price objective on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.94.

Procore Technologies Trading Down 3.0 %

Shares of PCOR stock opened at $74.20 on Tuesday. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. The company has a 50 day moving average price of $78.14 and a 200 day moving average price of $70.56. The stock has a market capitalization of $11.12 billion, a P/E ratio of -103.05 and a beta of 0.84. 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) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The business had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. Equities research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

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.