TFB Advisors LLC Invests $246,000 in Procore Technologies, Inc. (NYSE:PCOR)

TFB Advisors LLC acquired a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,279 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Procore Technologies by 76.4% during the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after purchasing an additional 175 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Procore Technologies during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. International Assets Investment Management LLC increased its position in Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after buying an additional 789 shares during the period. Finally, Hilltop National Bank bought a new stake in Procore Technologies in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PCOR. Jefferies Financial Group raised shares of Procore Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $100.00 in a report on Monday, January 6th. BMO Capital Markets lifted their price target on Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Piper Sandler increased their price objective on Procore Technologies from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group started coverage on Procore Technologies in a research report on Monday, December 2nd. They set a “buy” rating and a $105.00 price target for the company. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Procore Technologies has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Activity

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $76.18, for a total transaction of $114,270.00. Following the completion of the sale, the insider now directly owns 84,539 shares of the company’s stock, valued at approximately $6,440,181.02. This represents a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Connor Kevin J. O sold 6,410 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $76.77, for a total transaction of $492,095.70. Following the completion of the transaction, the director now owns 1,231,368 shares of the company’s stock, valued at approximately $94,532,121.36. The trade was a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,656 shares of company stock worth $8,776,297. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Down 0.7 %

Shares of NYSE:PCOR opened at $74.26 on Thursday. 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, Inc. has a 1-year low of $49.46 and a 1-year high of $86.67. The company has a 50 day moving average price of $77.73 and a 200 day moving average price of $68.45.

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.