Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lowered its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 688,261 shares of the company’s stock after selling 20,104 shares during the period. Fiera Capital Corp owned 0.46% of Procore Technologies worth $51,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PCOR. AQR Capital Management LLC purchased a new position in shares of Procore Technologies in the second quarter valued at approximately $271,000. GAMMA Investing LLC boosted its stake in Procore Technologies by 76.4% in the third quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after acquiring an additional 175 shares in the last quarter. Creative Planning acquired a new position in shares of Procore Technologies in the 3rd quarter valued at $234,000. Ellsworth Advisors LLC raised its holdings in shares of Procore Technologies by 9.1% in the third quarter. Ellsworth Advisors LLC now owns 7,561 shares of the company’s stock valued at $467,000 after buying an additional 631 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Procore Technologies during the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Procore Technologies Stock Down 0.7 %

PCOR stock opened at $74.26 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The business has a fifty day simple moving average of $77.73 and a 200-day simple moving average of $68.45. Procore Technologies, Inc. has a 52 week low of $49.46 and a 52 week high of $86.67.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 2,668 shares of Procore Technologies stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $190,388.48. Following the transaction, the senior vice president now directly owns 72,605 shares of the company’s stock, valued at $5,181,092.80. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $76.77, for a total transaction of $492,095.70. Following the completion of the sale, the director now directly owns 1,231,368 shares of the company’s stock, valued at $94,532,121.36. The trade was a 0.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,656 shares of company stock valued at $8,776,297. Company insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Mizuho upped their price objective on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Piper Sandler upped their price target on Procore Technologies from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Barclays lifted their price target on Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. UBS Group initiated coverage on shares of Procore Technologies in a report on Monday, December 2nd. They set a “buy” rating and a $105.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Procore Technologies from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

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.