2,996 Shares in Procore Technologies, Inc. (NYSE:PCOR) Acquired by Captrust Financial Advisors

Captrust Financial Advisors acquired a new position in Procore Technologies, Inc. (NYSE:PCOR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,996 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in Procore Technologies by 61.3% during 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 grew its position in Procore Technologies by 37.8% during 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 grew its position in Procore Technologies by 161.6% during 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 grew its position in Procore Technologies by 1,434.0% during 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 Procore Technologies during the fourth quarter valued at approximately $56,000. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $67.61 on Friday. The stock has a fifty day moving average of $64.93 and a 200 day moving average of $72.70. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $88.92. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of -93.91 and a beta of 0.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company 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 5.10% and a negative net margin of 9.20%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, research analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

PCOR has been the topic of a number of recent research reports. Canaccord Genuity Group increased their price target on shares of Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Macquarie dropped their price objective on Procore Technologies from $93.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Barclays increased their price objective on Procore Technologies from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Jefferies Financial Group dropped their price objective on Procore Technologies from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, KeyCorp dropped their price objective on Procore Technologies from $96.00 to $77.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.24.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 7,700 shares of the firm’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total transaction of $436,359.00. Following the completion of the transaction, the director now owns 1,208,284 shares of the company’s stock, valued at approximately $68,473,454.28. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Howard Fu sold 1,190 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $67.00, for a total value of $79,730.00. Following the transaction, the chief financial officer now directly owns 146,160 shares of the company’s stock, valued at $9,792,720. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,623 shares of company stock valued at $3,144,659. 29.00% of the stock is currently owned by company insiders.

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.