Wealth Enhancement Advisory Services LLC Sells 1,190 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 14.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,089 shares of the company’s stock after selling 1,190 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Procore Technologies were worth $531,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. US Bancorp DE raised its stake in shares of Procore Technologies by 18.8% during the fourth quarter. US Bancorp DE now owns 21,416 shares of the company’s stock valued at $1,605,000 after acquiring an additional 3,390 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Procore Technologies during the fourth quarter valued at $20,729,000. SBI Securities Co. Ltd. bought a new position in shares of Procore Technologies during the fourth quarter valued at $56,000. Brighton Jones LLC bought a new position in Procore Technologies during the fourth quarter worth $511,000. Finally, BNP Paribas Financial Markets bought a new position in Procore Technologies during the fourth quarter worth $1,058,000. Institutional investors own 81.10% of the company’s stock.

Insider Activity

In related news, CRO Lawrence Joseph Stack sold 1,000 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $65.60, for a total transaction of $65,600.00. Following the transaction, the executive now directly owns 217,868 shares in the company, valued at approximately $14,292,140.80. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Howard Fu sold 1,190 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $67.00, for a total transaction of $79,730.00. Following the transaction, the chief financial officer now owns 146,160 shares in the company, valued at approximately $9,792,720. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,853 shares of company stock worth $2,597,004 over the last three months. 29.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

PCOR has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of Procore Technologies from $83.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. DA Davidson raised shares of Procore Technologies to a “hold” rating in a research note on Tuesday, May 13th. BMO Capital Markets lowered their target price on shares of Procore Technologies from $95.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus lowered their target price on shares of Procore Technologies from $93.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Finally, Jefferies Financial Group lowered their target price on shares of Procore Technologies from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Procore Technologies has an average rating of “Moderate Buy” and a consensus price target of $80.24.

Procore Technologies Trading Down 1.7%

PCOR opened at $66.03 on Thursday. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. 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 has a market cap of $9.85 billion, a P/E ratio of -91.70 and a beta of 0.90. The company has a fifty day moving average price of $64.73 and a two-hundred day moving average price of $72.31.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $310.63 million during the quarter, compared to analysts’ expectations of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal 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.