Fiera Capital Corp Reduces Stock Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Fiera Capital Corp reduced its stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 708,365 shares of the company's stock after selling 22,809 shares during the period. Fiera Capital Corp owned approximately 0.48% of Procore Technologies worth $43,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PCOR. Dragoneer Investment Group LLC raised its holdings in Procore Technologies by 254.0% in the second quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company's stock valued at $148,762,000 after buying an additional 1,609,607 shares during the period. Assenagon Asset Management S.A. acquired a new position in Procore Technologies during the 3rd quarter valued at approximately $88,572,000. XN LP grew its position in shares of Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company's stock worth $186,215,000 after acquiring an additional 1,411,812 shares during the last quarter. Meritage Group LP bought a new stake in shares of Procore Technologies during the first quarter valued at approximately $106,738,000. Finally, William Blair Investment Management LLC bought a new position in shares of Procore Technologies in the first quarter worth $91,158,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PCOR. Jefferies Financial Group boosted their price objective on Procore Technologies from $60.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on Procore Technologies from $90.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Baird R W raised Procore Technologies to a "strong-buy" rating in a research note on Tuesday, September 24th. KeyCorp dropped their price objective on Procore Technologies from $79.00 to $68.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Finally, Barclays lifted their price objective on Procore Technologies from $64.00 to $66.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Procore Technologies has a consensus rating of "Moderate Buy" and an average target price of $69.94.

Insider Activity at Procore Technologies

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,707 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $160,091.98. Following the completion of the sale, the senior vice president now directly owns 79,156 shares in the company, valued at approximately $4,681,285.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP William Fred Fleming, Jr. sold 2,707 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $59.14, for a total value of $160,091.98. Following the transaction, the senior vice president now directly owns 79,156 shares in the company, valued at $4,681,285.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig F. Jr. Courtemanche sold 22,993 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $59.14, for a total transaction of $1,359,806.02. Following the transaction, the chief executive officer now directly owns 793,123 shares of the company's stock, valued at $46,905,294.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 98,727 shares of company stock worth $5,876,264 over the last quarter. Corporate insiders own 29.00% of the company's stock.

Procore Technologies Stock Performance

Shares of PCOR traded down $0.70 during mid-day trading on Friday, hitting $70.46. The stock had a trading volume of 1,343,828 shares, compared to its average volume of 1,561,519. The business has a fifty day moving average price of $60.81 and a 200-day moving average price of $63.83. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $83.35. 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 (NYSE:PCOR - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. As a group, analysts anticipate that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.

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.