Atria Investments Inc Acquires 1,755 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Atria Investments Inc increased its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 35.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,705 shares of the company’s stock after purchasing an additional 1,755 shares during the period. Atria Investments Inc’s holdings in Procore Technologies were worth $502,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCOR. Victory Capital Management Inc. grew its holdings in Procore Technologies by 4.0% during the third quarter. Victory Capital Management Inc. now owns 62,897 shares of the company’s stock worth $3,882,000 after purchasing an additional 2,432 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Procore Technologies by 56.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 58,947 shares of the company’s stock worth $3,638,000 after acquiring an additional 21,287 shares during the last quarter. KBC Group NV lifted its position in Procore Technologies by 19.0% during the third quarter. KBC Group NV now owns 2,722 shares of the company’s stock worth $168,000 after acquiring an additional 435 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Procore Technologies by 6.9% during the third quarter. OneDigital Investment Advisors LLC now owns 5,213 shares of the company’s stock worth $322,000 after acquiring an additional 336 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Procore Technologies by 3.5% during the third quarter. CIBC Asset Management Inc now owns 4,204 shares of the company’s stock worth $259,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Insiders Place Their Bets

In other news, insider Benjamin C. Singer sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $76.18, for a total transaction of $114,270.00. Following the completion of the sale, the insider now owns 84,539 shares in the company, valued at $6,440,181.02. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total transaction of $93,867.60. Following the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $17,480. The trade was a 84.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,657 shares of company stock valued at $5,442,199 in the last 90 days. 29.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Procore Technologies from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets lifted 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, November 22nd. JMP Securities lifted their price target on shares of Procore Technologies from $90.00 to $95.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 18th. Robert W. Baird lifted their price target on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, UBS Group lifted their price target on shares of Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.24.

Procore Technologies Stock Performance

Shares of Procore Technologies stock opened at $68.28 on Friday. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The company has a market cap of $10.24 billion, a P/E ratio of -94.83 and a beta of 0.85. 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 business has a 50-day moving average price of $77.06 and a two-hundred day moving average price of $71.15.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The firm had revenue of $302.05 million for the quarter, compared to the consensus estimate of $297.72 million. As a group, analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current year.

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.