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

Fiera Capital Corp trimmed its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 2.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 688,261 shares of the company’s stock after selling 20,104 shares during the period. Fiera Capital Corp’s holdings in Procore Technologies were worth $51,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its position in shares of Procore Technologies by 27,239.5% in the 3rd quarter. Wasatch Advisors LP now owns 1,581,318 shares of the company’s stock valued at $97,599,000 after purchasing an additional 1,575,534 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Procore Technologies in the third quarter valued at $88,572,000. PointState Capital LP bought a new position in Procore Technologies during the 3rd quarter valued at $81,306,000. Janus Henderson Group PLC grew its holdings in Procore Technologies by 128.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,305,041 shares of the company’s stock worth $142,267,000 after acquiring an additional 1,297,151 shares in the last quarter. Finally, ShawSpring Partners LLC increased its position in shares of Procore Technologies by 493.3% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PCOR shares. UBS Group assumed coverage on shares of Procore Technologies in a research report on Monday, December 2nd. They set a “buy” rating and a $105.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and issued a $90.00 target price on shares of Procore Technologies in a research report on Friday, February 7th. TD Cowen upped their price target on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. DA Davidson lifted their price objective on shares of Procore Technologies from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Scotiabank increased their target price on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Insider Activity

In other news, SVP William Fred Fleming, Jr. sold 2,668 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $71.36, for a total value of $190,388.48. Following the completion of the transaction, the senior vice president now owns 72,605 shares of the company’s stock, valued at approximately $5,181,092.80. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Connor Kevin J. O sold 33,332 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total value of $2,730,890.76. Following the transaction, the director now directly owns 1,282,648 shares in the company, valued at $105,087,350.64. This trade represents a 2.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,656 shares of company stock valued at $8,776,297. Insiders own 29.00% of the company’s stock.

Procore Technologies Stock Down 0.7 %

Shares of NYSE:PCOR opened at $74.26 on Thursday. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $86.67. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $77.73 and its 200 day moving average price is $68.45.

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.