Envestnet Asset Management Inc. Has $26.35 Million Position in Procore Technologies, Inc. (NYSE:PCOR)

Envestnet Asset Management Inc. grew its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 67.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 351,593 shares of the company's stock after purchasing an additional 141,863 shares during the period. Envestnet Asset Management Inc. owned approximately 0.24% of Procore Technologies worth $26,345,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chicago Partners Investment Group LLC boosted its stake in Procore Technologies by 0.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 15,707 shares of the company's stock valued at $1,199,000 after buying an additional 129 shares in the last quarter. 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 in the last quarter. V Square Quantitative Management LLC grew its holdings 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 purchasing an additional 162 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Procore Technologies by 92.1% during the 4th quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, CIBC Asset Management Inc increased its position in Procore Technologies by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 4,438 shares of the company's stock worth $333,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

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Procore Technologies Trading Up 0.2 %

NYSE PCOR traded up $0.11 during mid-day trading on Tuesday, reaching $60.64. 869,047 shares of the stock were exchanged, compared to its average volume of 1,728,707. 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 stock has a market cap of $9.09 billion, a P/E ratio of -84.21 and a beta of 0.90. The stock has a 50 day simple moving average of $70.99 and a 200-day simple moving average of $72.24. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The business had revenue of $302.05 million during the quarter, compared to the consensus estimate of $297.72 million. On average, analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total transaction of $93,867.60. Following the transaction, the insider now owns 200 shares of the company's stock, valued at $17,480. This represents a 84.30 % 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 6,410 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $76.62, for a total value of $491,134.20. Following the completion of the sale, the director now directly owns 1,250,598 shares of the company's stock, valued at $95,820,818.76. The trade was a 0.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,176 shares of company stock worth $5,486,304. 29.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PCOR has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on shares of Procore Technologies from $84.00 to $93.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group raised their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a "buy" rating in a report on Friday, February 14th. KeyCorp upped their target price on Procore Technologies from $85.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Barclays cut their price target on Procore Technologies from $90.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, DA Davidson lowered their price objective on Procore Technologies from $80.00 to $60.00 and set a "neutral" rating for the company in a research note on Monday. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Procore Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.

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.