Wealth Enhancement Advisory Services LLC Acquires 4,531 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Wealth Enhancement Advisory Services LLC lifted its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 120.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,279 shares of the company’s stock after buying an additional 4,531 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Procore Technologies were worth $511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Procore Technologies by 76.4% in the 3rd quarter. GAMMA Investing LLC now owns 404 shares of the company’s stock valued at $25,000 after buying an additional 175 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Procore Technologies during the third quarter valued at $26,000. Signaturefd LLC boosted its holdings in Procore Technologies by 52.0% in the second quarter. Signaturefd LLC now owns 631 shares of the company’s stock valued at $42,000 after acquiring an additional 216 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Procore Technologies in the second quarter worth about $51,000. Finally, International Assets Investment Management LLC raised its holdings in Procore Technologies by 6,069.2% during the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock worth $49,000 after purchasing an additional 789 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Macquarie reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Procore Technologies in a research note on Tuesday, July 30th. Stifel Nicolaus lowered their target price on shares of Procore Technologies from $85.00 to $63.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Cowen increased their price target on Procore Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group decreased their price objective on Procore Technologies from $85.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Jefferies Financial Group increased their target price on Procore Technologies from $60.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.94.

Insider Activity at Procore Technologies

In other news, Director Connor Kevin J. O sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $57.53, for a total transaction of $1,438,250.00. Following the completion of the transaction, the director now directly owns 1,380,078 shares of the company’s stock, valued at $79,395,887.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Connor Kevin J. O sold 25,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $57.53, for a total value of $1,438,250.00. Following the completion of the transaction, the director now owns 1,380,078 shares of the company’s stock, valued at approximately $79,395,887.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Howard Fu sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 171,997 shares of the company’s stock, valued at approximately $12,340,784.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,227 shares of company stock valued at $7,045,139. 29.00% of the stock is owned by insiders.

Procore Technologies Trading Down 1.0 %

Procore Technologies stock opened at $70.46 on Friday. The company has a 50 day moving average of $60.81 and a 200-day moving average of $63.83. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $83.35.

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

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.