Connor Clark & Lunn Investment Management Ltd. Has $20.97 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 7.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 339,704 shares of the company's stock after acquiring an additional 25,004 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.23% of Procore Technologies worth $20,967,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PCOR. GAMMA Investing LLC increased its stake in shares of Procore Technologies by 76.4% in 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 period. V Square Quantitative Management LLC acquired a new stake in Procore Technologies in the 3rd quarter valued at approximately $26,000. Signaturefd LLC raised its stake in Procore Technologies by 52.0% during the 2nd quarter. Signaturefd LLC now owns 631 shares of the company's stock valued at $42,000 after acquiring an additional 216 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of 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 purchasing an additional 789 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Procore Technologies during the second quarter valued at $51,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. TD Cowen increased their target price on shares of Procore Technologies from $65.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, October 28th. The Goldman Sachs Group decreased their price target on Procore Technologies from $85.00 to $73.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Baird R W raised shares of Procore Technologies to a "strong-buy" rating in a report on Tuesday, September 24th. Scotiabank decreased their target price on Procore Technologies from $90.00 to $70.00 and set a "sector outperform" rating on the stock in a report on Friday, August 2nd. Finally, KeyCorp decreased their target price on shares of Procore Technologies from $79.00 to $68.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.25.

Procore Technologies Stock Performance

Procore Technologies stock traded up $1.22 during mid-day trading on Thursday, hitting $71.48. 152,785 shares of the company's stock were exchanged, compared to its average volume of 1,570,018. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $83.35. The stock has a 50 day moving average of $63.46 and a two-hundred day moving average of $63.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The business had revenue of $295.89 million for the quarter, compared to the consensus estimate of $287.42 million. On average, equities analysts expect that Procore Technologies, Inc. will post -0.23 EPS for the current year.

Insider Buying and Selling

In related news, SVP William Fred Fleming, Jr. sold 15,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the completion of the transaction, the senior vice president now directly owns 75,120 shares in the company, valued at $5,314,740. This represents a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Connor Kevin J. O sold 5,128 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $58.48, for a total transaction of $299,885.44. Following the completion of the sale, the director now owns 1,360,848 shares in the company, valued at $79,582,391.04. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 67,997 shares of company stock valued at $4,497,153. Company insiders own 29.00% of the company's stock.

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.