Fiera Capital Corp Sells 20,104 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Fiera Capital Corp decreased its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 688,261 shares of the company's stock after selling 20,104 shares during the period. Fiera Capital Corp owned about 0.46% of Procore Technologies worth $51,571,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its position in shares of Procore Technologies by 27,239.5% during the third quarter. Wasatch Advisors LP now owns 1,581,318 shares of the company's stock worth $97,599,000 after acquiring an additional 1,575,534 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Procore Technologies during the third quarter worth about $88,572,000. PointState Capital LP acquired a new stake in Procore Technologies in the third quarter worth about $81,306,000. Janus Henderson Group PLC lifted its holdings in Procore Technologies by 128.7% in the third quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company's stock worth $142,267,000 after purchasing an additional 1,297,151 shares during the period. Finally, ShawSpring Partners LLC lifted its holdings in Procore Technologies by 493.3% in the third quarter. ShawSpring Partners LLC now owns 1,438,082 shares of the company's stock worth $88,758,000 after purchasing an additional 1,195,675 shares during the period. Institutional investors own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PCOR. Stifel Nicolaus upped their price objective on shares of Procore Technologies from $84.00 to $93.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. TD Cowen upped their price objective on shares of Procore Technologies from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, November 22nd. Barclays upped their price objective on shares of Procore Technologies from $84.00 to $90.00 and gave the stock an "equal weight" rating in a report on Friday. JMP Securities reaffirmed a "market outperform" rating and issued a $90.00 price objective on shares of Procore Technologies in a report on Friday, February 7th. Finally, KeyCorp upped their price target on shares of Procore Technologies from $85.00 to $96.00 and gave the company an "overweight" rating in a report on Friday. Four equities research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.65.

Procore Technologies Stock Up 16.5 %

Shares of PCOR traded up $12.38 during trading hours on Friday, reaching $87.48. The company's stock had a trading volume of 4,580,396 shares, compared to its average volume of 993,712. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $87.90. 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 company has a 50 day moving average of $77.63 and a two-hundred day moving average of $68.60.

Procore Technologies (NYSE:PCOR - Get Free Report) last released 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 2.51% and a negative net margin of 6.59%. The firm had revenue of $302.05 million during the quarter, compared to analyst estimates of $297.72 million. On average, analysts predict that Procore Technologies, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,668 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total transaction of $190,388.48. Following the completion of the sale, the senior vice president now owns 72,605 shares of the company's stock, valued at $5,181,092.80. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Connor Kevin J. O sold 33,332 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $81.93, for a total value of $2,730,890.76. Following the sale, the director now directly owns 1,282,648 shares of the company's stock, valued at $105,087,350.64. The trade was a 2.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,656 shares of company stock worth $8,776,297. Insiders own 29.00% of the company's stock.

About Procore Technologies

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.