Atria Investments Inc Has $306,000 Stake in Procore Technologies, Inc. (NYSE:PCOR)

Atria Investments Inc lifted its stake in Procore Technologies, Inc. (NYSE:PCOR) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,950 shares of the company’s stock after purchasing an additional 527 shares during the period. Atria Investments Inc’s holdings in Procore Technologies were worth $306,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Dragoneer Investment Group LLC raised its holdings in Procore Technologies by 254.0% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,243,431 shares of the company’s stock worth $148,762,000 after purchasing an additional 1,609,607 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Procore Technologies during the 3rd quarter worth approximately $88,572,000. XN LP raised its stake in shares of Procore Technologies by 101.1% during the second quarter. XN LP now owns 2,808,251 shares of the company’s stock worth $186,215,000 after buying an additional 1,411,812 shares during the last quarter. Millennium Management LLC lifted its holdings in Procore Technologies by 1,016.0% in the second quarter. Millennium Management LLC now owns 914,534 shares of the company’s stock valued at $60,643,000 after buying an additional 832,583 shares during the period. Finally, RGM Capital LLC acquired a new position in Procore Technologies in the second quarter valued at approximately $44,203,000. Institutional investors own 81.10% of the company’s stock.

Procore Technologies Stock Up 1.9 %

Shares of PCOR stock opened at $76.67 on Friday. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month high of $83.35. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $64.19 and a 200-day moving average of $63.98. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of -153.34 and a beta of 0.71.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Wednesday, October 30th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). Procore Technologies had a negative net margin of 6.59% and a negative return on equity of 2.51%. The firm had revenue of $295.89 million during the quarter, compared to analyst estimates of $287.42 million. As a group, equities research analysts predict that Procore Technologies, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PCOR has been the subject of several recent research reports. JMP Securities dropped their target price on shares of Procore Technologies from $82.00 to $75.00 and set a “market outperform” rating for the company in a research report on Thursday, October 31st. DA Davidson upped their price objective on Procore Technologies from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen increased their target price on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Procore Technologies from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, BMO Capital Markets increased their price target on shares of Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

Insider Transactions at Procore Technologies

In other Procore Technologies news, CFO Howard Fu sold 1,500 shares of Procore Technologies 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. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP William Fred Fleming, Jr. sold 15,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.75, for a total transaction of $1,061,250.00. Following the transaction, the senior vice president now owns 75,120 shares of the company’s stock, valued at approximately $5,314,740. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 109,053 shares of company stock valued at $7,426,909 over the last three months. Company insiders own 29.00% of the company’s stock.

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.