Venturi Wealth Management LLC Decreases Position in Procore Technologies, Inc. (NYSE:PCOR)

Venturi Wealth Management LLC lessened its holdings in Procore Technologies, Inc. (NYSE:PCOR) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,001 shares of the company’s stock after selling 254 shares during the quarter. Venturi Wealth Management LLC’s holdings in Procore Technologies were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning purchased a new position in shares of Procore Technologies in the third quarter valued at about $234,000. Raymond James & Associates increased its position in shares of Procore Technologies by 3.0% in the third quarter. Raymond James & Associates now owns 47,982 shares of the company’s stock valued at $2,961,000 after acquiring an additional 1,386 shares during the period. International Assets Investment Management LLC increased its position in shares of Procore Technologies by 6,069.2% in the third quarter. International Assets Investment Management LLC now owns 802 shares of the company’s stock valued at $49,000 after acquiring an additional 789 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Procore Technologies by 120.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,279 shares of the company’s stock valued at $511,000 after acquiring an additional 4,531 shares during the period. Finally, Vanderbilt University purchased a new position in shares of Procore Technologies in the third quarter valued at about $2,924,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies Trading Down 0.9 %

Shares of NYSE PCOR opened at $82.28 on Friday. The firm’s 50 day moving average price is $78.09 and its 200-day moving average price is $69.49. The company has a market cap of $12.23 billion, a PE ratio of -114.27 and a beta of 0.84. Procore Technologies, Inc. has a 52-week low of $49.46 and a 52-week high of $88.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57.

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

Insider Transactions at Procore Technologies

In other news, insider Benjamin C. Singer sold 1,500 shares of the business’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 transaction, the insider now directly owns 84,539 shares of the company’s stock, valued at $6,440,181.02. The trade was a 1.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Connor Kevin J. O sold 5,128 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $73.62, for a total transaction of $377,523.36. Following the transaction, the director now directly owns 1,264,700 shares of the company’s stock, valued at $93,107,214. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,811 shares of company stock worth $8,227,968. Corporate insiders own 29.00% of the company’s stock.

Analyst Upgrades and Downgrades

PCOR has been the topic of a number of analyst reports. TD Cowen boosted their price objective on shares of Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Jefferies Financial Group upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $80.00 to $100.00 in a research report on Monday, January 6th. Canaccord Genuity Group lifted their target price on shares of Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Scotiabank lifted their target price on shares of Procore Technologies from $70.00 to $85.00 and gave the company a “sector outperform” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird lifted their target price on shares of Procore Technologies from $87.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.94.

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.