Procore Technologies, Inc. (NYSE:PCOR) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,352 shares of the company’s stock after purchasing an additional 3,206 shares during the period. Assetmark Inc.’s holdings in Procore Technologies were worth $6,246,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PCOR. Versant Capital Management Inc increased its holdings in shares of Procore Technologies by 92.1% during the fourth 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 period. Parkside Financial Bank & Trust increased its holdings in shares of Procore Technologies by 61.3% during the fourth 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 period. V Square Quantitative Management LLC boosted its stake in Procore Technologies by 37.8% during the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company’s stock valued at $44,000 after buying an additional 162 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Procore Technologies by 6,069.2% during the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after buying an additional 789 shares in the last quarter. Finally, Hilltop National Bank bought a new position in Procore Technologies during the fourth quarter valued at about $53,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Howard Fu sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $87.00, for a total transaction of $696,000.00. Following the completion of the sale, the chief financial officer now directly owns 156,188 shares of the company’s stock, valued at $13,588,356. This trade represents a 4.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total value of $93,867.60. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at $17,480. This trade represents a 84.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,953 shares of company stock worth $7,924,469. 29.00% of the stock is currently owned by company insiders.

Procore Technologies Trading Up 1.6 %

Shares of NYSE PCOR opened at $73.33 on Friday. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The firm has a market capitalization of $10.99 billion, a PE ratio of -101.84 and a beta of 0.85. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $77.94 and a two-hundred day moving average price of $70.73.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $297.72 million. As a group, analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PCOR. JPMorgan Chase & Co. raised 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. Scotiabank raised their target price on Procore Technologies from $70.00 to $85.00 and gave the company a “sector outperform” rating in a research note on Friday, November 22nd. UBS Group raised their target price on Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised their target price on Procore Technologies from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group raised their target price on Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, February 14th. 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’s stock. Based on data from MarketBeat, Procore Technologies has a consensus rating of “Moderate Buy” and an average price target of $89.94.

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.