14,123 Shares in Procore Technologies, Inc. (NYSE:PCOR) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,123 shares of the company’s stock, valued at approximately $1,058,000.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after acquiring an additional 147 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after acquiring an additional 162 shares during the last quarter. Huntington National Bank lifted its stake in Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company’s stock valued at $49,000 after acquiring an additional 404 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Procore Technologies by 1,434.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company’s stock valued at $54,000 after acquiring an additional 674 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Procore Technologies in the fourth quarter valued at approximately $56,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCOR has been the topic of a number of research reports. Mizuho dropped their target price 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. UBS Group dropped their target price on shares of Procore Technologies from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. KeyCorp dropped their target price on shares of Procore Technologies from $96.00 to $77.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Macquarie dropped their target price on shares of Procore Technologies from $93.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Barclays boosted their target price 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. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.24.

Insider Activity

In related news, insider Benjamin C. Singer sold 6,937 shares of Procore Technologies stock in a transaction on Friday, February 21st. The stock was sold at an average price of $83.60, for a total value of $579,933.20. Following the completion of the sale, the insider now owns 72,110 shares of the company’s stock, valued at $6,028,396. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Connor Kevin J. O sold 7,692 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $72.16, for a total value of $555,054.72. Following the completion of the transaction, the director now owns 1,192,900 shares in the company, valued at $86,079,664. The trade was a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,760 shares of company stock worth $4,391,604 in the last quarter. 29.00% of the stock is owned by company insiders.

Procore Technologies Trading Down 0.5%

NYSE PCOR opened at $69.60 on Wednesday. The stock’s 50-day simple moving average is $65.00 and its two-hundred day simple moving average is $72.73. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of -96.67 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The company had revenue of $310.63 million during the quarter, compared to analysts’ expectations of $302.66 million. During the same period in the prior year, the business posted $0.30 EPS. Procore Technologies’s quarterly revenue was up 15.3% compared to the same quarter last year. Research analysts forecast 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.