5,390 Shares in Procore Technologies, Inc. (NYSE:PCOR) Bought by Values First Advisors Inc.

Values First Advisors Inc. bought a new position in shares of Procore Technologies, Inc. (NYSE:PCOR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,390 shares of the company’s stock, valued at approximately $373,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in Procore Technologies by 2,600.0% in the third quarter. IFP Advisors Inc now owns 378 shares of the company’s stock valued at $25,000 after acquiring an additional 364 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in Procore Technologies in the first quarter valued at $31,000. BluePath Capital Management LLC acquired a new position in Procore Technologies in the third quarter valued at $36,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Procore Technologies in the third quarter valued at $40,000. Finally, Advisors Asset Management Inc. acquired a new position in Procore Technologies in the first quarter valued at $42,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PCOR shares. KeyCorp increased their target price on shares of Procore Technologies from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. DA Davidson reiterated a “buy” rating and set a $95.00 target price on shares of Procore Technologies in a research note on Thursday, March 14th. Stifel Nicolaus increased their target price on shares of Procore Technologies from $64.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Piper Sandler increased their target price on shares of Procore Technologies from $77.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, The Goldman Sachs Group increased their target price on shares of Procore Technologies from $74.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.86.

Insider Buying and Selling at Procore Technologies

In other news, CFO Howard Fu sold 1,140 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $65.90, for a total value of $75,126.00. Following the sale, the chief financial officer now directly owns 145,750 shares in the company, valued at $9,604,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Howard Fu sold 1,140 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $65.90, for a total transaction of $75,126.00. Following the sale, the chief financial officer now owns 145,750 shares in the company, valued at $9,604,925. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven Scott Davis sold 57,666 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $79.11, for a total transaction of $4,561,957.26. Following the sale, the insider now owns 167,989 shares in the company, valued at approximately $13,289,609.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 465,949 shares of company stock valued at $35,424,998. Corporate insiders own 39.20% of the company’s stock.

Procore Technologies Price Performance

Procore Technologies stock traded up $0.54 during mid-day trading on Thursday, reaching $82.17. The company had a trading volume of 993,289 shares, compared to its average volume of 1,214,575. Procore Technologies, Inc. has a 1 year low of $48.11 and a 1 year high of $83.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $11.79 billion, a P/E ratio of -61.38 and a beta of 0.70. The stock’s 50-day simple moving average is $75.59 and its 200-day simple moving average is $67.37.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Thursday, February 15th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. Procore Technologies had a negative net margin of 19.97% and a negative return on equity of 12.26%. The company had revenue of $260.04 million during the quarter, compared to analysts’ expectations of $248.20 million. On average, equities analysts predict that Procore Technologies, Inc. will post -0.64 EPS for the current 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.