Fiera Capital Corp Reduces Stock Position in Procore Technologies, Inc. $PCOR

Fiera Capital Corp trimmed its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 679,831 shares of the company’s stock after selling 4,237 shares during the period. Fiera Capital Corp owned 0.45% of Procore Technologies worth $46,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. US Bancorp DE increased its stake in Procore Technologies by 5.5% in the second quarter. US Bancorp DE now owns 21,638 shares of the company’s stock valued at $1,480,000 after purchasing an additional 1,131 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of Procore Technologies by 15.4% in the 1st quarter. Fred Alger Management LLC now owns 38,349 shares of the company’s stock valued at $2,532,000 after buying an additional 5,129 shares in the last quarter. GC Wealth Management RIA LLC purchased a new position in shares of Procore Technologies in the 2nd quarter valued at $513,000. Intellectus Partners LLC raised its stake in Procore Technologies by 135.3% during the 2nd quarter. Intellectus Partners LLC now owns 12,305 shares of the company’s stock worth $842,000 after acquiring an additional 7,075 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in Procore Technologies during the 4th quarter worth $511,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Procore Technologies Trading Down 1.1%

NYSE PCOR opened at $77.95 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.33 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $12.12 billion, a P/E ratio of -92.80 and a beta of 0.90. Procore Technologies, Inc. has a 52-week low of $53.71 and a 52-week high of $88.92. The firm has a 50-day moving average price of $72.82 and a 200 day moving average price of $69.80.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) earnings per share for the quarter. The business had revenue of $172.21 million during the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. Equities research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insider Activity

In other Procore Technologies news, CFO Howard Fu sold 814 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $72.34, for a total transaction of $58,884.76. Following the sale, the chief financial officer directly owned 187,847 shares in the company, valued at approximately $13,588,851.98. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathryn Bueker sold 6,500 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $79.00, for a total transaction of $513,500.00. Following the completion of the transaction, the director owned 13,481 shares of the company’s stock, valued at $1,064,999. This represents a 32.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 59,224 shares of company stock valued at $4,368,959 over the last three months. 21.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on PCOR shares. Citizens Jmp lowered Procore Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 1st. Robert W. Baird raised their price target on Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. DA Davidson raised Procore Technologies to a “hold” rating in a research report on Friday, November 7th. Berenberg Bank assumed coverage on Procore Technologies in a report on Friday, October 3rd. They issued a “buy” rating and a $84.00 price objective for the company. Finally, William Blair restated an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. Fifteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.26.

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.