Janus Henderson Group PLC Purchases 322,367 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Janus Henderson Group PLC grew its position in Procore Technologies, Inc. (NYSE:PCOR) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,627,408 shares of the company’s stock after purchasing an additional 322,367 shares during the quarter. Janus Henderson Group PLC’s holdings in Procore Technologies were worth $196,873,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PCOR. Parkside Financial Bank & Trust boosted its stake in shares of Procore Technologies by 61.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 387 shares of the company’s stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Procore Technologies by 37.8% during the 4th 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 period. Huntington National Bank lifted its position in shares of Procore Technologies by 161.6% during the 4th 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 period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Procore Technologies by 1,434.0% during the 4th 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 period. Finally, GAMMA Investing LLC lifted its position in shares of Procore Technologies by 84.7% during the 4th quarter. GAMMA Investing LLC now owns 746 shares of the company’s stock valued at $56,000 after acquiring an additional 342 shares during the period. 81.10% of the stock is owned by institutional investors.

Procore Technologies Stock Performance

NYSE PCOR opened at $65.62 on Monday. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of -91.14 and a beta of 0.90. The company has a fifty day moving average price of $64.84 and a 200-day moving average price of $72.43.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $310.63 million during the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. As a group, equities research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PCOR. JPMorgan Chase & Co. dropped their target price on shares of Procore Technologies from $97.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. JMP Securities boosted their target price on shares of Procore Technologies from $90.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their target price on shares of Procore Technologies from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. KeyCorp lowered their price objective on shares of Procore Technologies from $96.00 to $77.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, Mizuho lowered their price objective on shares of Procore Technologies from $75.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.24.

Insider Activity at Procore Technologies

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 12,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $82.92, for a total transaction of $995,040.00. Following the completion of the transaction, the executive now owns 161,368 shares in the company, valued at $13,380,634.56. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Howard Fu sold 1,480 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $60.02, for a total transaction of $88,829.60. Following the transaction, the chief financial officer now owns 206,704 shares of the company’s stock, valued at $12,406,374.08. This represents a 0.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,142 shares of company stock worth $4,053,807. 29.00% of the stock is 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.