Atria Investments Inc Acquires 527 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Atria Investments Inc raised its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 11.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,950 shares of the company’s stock after purchasing an additional 527 shares during the quarter. Atria Investments Inc’s holdings in Procore Technologies were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PCOR. Advisors Asset Management Inc. raised its position in shares of Procore Technologies by 26.2% in the first quarter. Advisors Asset Management Inc. now owns 1,254 shares of the company’s stock valued at $103,000 after purchasing an additional 260 shares during the period. 1832 Asset Management L.P. bought a new position in Procore Technologies in the 1st quarter valued at about $5,177,000. Bamco Inc. NY lifted its position in Procore Technologies by 756.8% during the first quarter. Bamco Inc. NY now owns 499,559 shares of the company’s stock worth $41,049,000 after acquiring an additional 441,256 shares during the last quarter. Untitled Investments LP bought a new stake in shares of Procore Technologies during the first quarter worth approximately $1,336,000. Finally, Silvercrest Asset Management Group LLC grew its position in shares of Procore Technologies by 1.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 29,152 shares of the company’s stock valued at $2,395,000 after purchasing an additional 495 shares during the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Procore Technologies Stock Up 1.9 %

Shares of PCOR opened at $76.67 on Friday. The firm has a 50 day simple moving average of $64.19 and a two-hundred day simple moving average of $63.98. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $83.35. The company has a market cap of $11.40 billion, a P/E ratio of -153.34 and a beta of 0.71.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $295.89 million for the quarter, compared to analyst estimates of $287.42 million. Research analysts forecast that Procore Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

PCOR has been the subject of several research reports. Barclays lifted their price target on Procore Technologies from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday. Canaccord Genuity Group lifted their target price on Procore Technologies from $67.00 to $83.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Procore Technologies from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank lifted their price objective on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a research note on Friday. Finally, DA Davidson boosted their price objective on shares of Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

Insider Buying and Selling at Procore Technologies

In other news, SVP William Fred Fleming, Jr. sold 2,668 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 72,605 shares in the company, valued at approximately $5,181,092.80. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Howard Fu sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $71.75, for a total value of $107,625.00. Following the sale, the chief financial officer now directly owns 171,997 shares in the company, valued at approximately $12,340,784.75. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,053 shares of company stock worth $7,426,909 over the last 90 days. Insiders own 29.00% of the company’s stock.

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.