Fiera Capital Corp Has $63.44 Million Position in Procore Technologies, Inc. $PCOR

Fiera Capital Corp raised its position in Procore Technologies, Inc. (NYSE:PCORFree Report) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 872,086 shares of the company’s stock after buying an additional 208,563 shares during the period. Fiera Capital Corp’s holdings in Procore Technologies were worth $63,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors boosted its position in Procore Technologies by 18.2% in the fourth quarter. Capital World Investors now owns 3,115,612 shares of the company’s stock valued at $226,630,000 after buying an additional 480,513 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Procore Technologies in the fourth quarter valued at about $134,000. Vise Technologies Inc. boosted its position in Procore Technologies by 13.0% in the fourth quarter. Vise Technologies Inc. now owns 5,164 shares of the company’s stock valued at $376,000 after buying an additional 593 shares in the last quarter. State of Wyoming boosted its position in Procore Technologies by 66.1% in the fourth quarter. State of Wyoming now owns 9,307 shares of the company’s stock valued at $677,000 after buying an additional 3,705 shares in the last quarter. Finally, Intellectus Partners LLC boosted its position in Procore Technologies by 1.6% in the fourth quarter. Intellectus Partners LLC now owns 12,705 shares of the company’s stock valued at $924,000 after buying an additional 200 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Procore Technologies Stock Up 0.2%

Shares of PCOR opened at $48.69 on Monday. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of -95.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.12 and a current ratio of 1.12. The business’s fifty day moving average price is $52.20 and its two-hundred day moving average price is $60.33. Procore Technologies, Inc. has a 52 week low of $45.02 and a 52 week high of $82.32.

Procore Technologies (NYSE:PCORGet Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $359.28 million during the quarter, compared to the consensus estimate of $352.82 million. Procore Technologies had a negative net margin of 5.61% and a negative return on equity of 2.24%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, analysts predict that Procore Technologies, Inc. will post 0.06 earnings per share for the current year.

Analyst Ratings Changes

PCOR has been the topic of a number of recent analyst reports. Piper Sandler reduced their price target on shares of Procore Technologies from $79.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Citizens Jmp upgraded shares of Procore Technologies from a “market perform” rating to a “market outperform” rating and set a $71.00 price target on the stock in a research report on Wednesday, April 29th. BTIG Research restated a “buy” rating and issued a $66.00 price target on shares of Procore Technologies in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Procore Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Procore Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Fifteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.56.

Get Our Latest Stock Analysis on Procore Technologies

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, insider Benjamin C. Singer sold 3,942 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $50.00, for a total value of $197,100.00. Following the transaction, the insider directly owned 96,723 shares in the company, valued at approximately $4,836,150. This trade represents a 3.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Connor Kevin J. O sold 7,692 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $57.25, for a total value of $440,367.00. Following the completion of the transaction, the director owned 1,004,444 shares in the company, valued at $57,504,419. The trade was a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 185,768 shares of company stock worth $9,683,136. Insiders own 16.80% of the company’s stock.

About Procore Technologies

(Free Report)

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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Institutional Ownership by Quarter for Procore Technologies (NYSE:PCOR)

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