2,946 Shares in Procore Technologies, Inc. (NYSE:PCOR) Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC acquired a new stake in Procore Technologies, Inc. (NYSE:PCOR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,946 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also modified their holdings of PCOR. Tenere Capital LLC purchased a new stake in Procore Technologies in the 4th quarter valued at $5,163,000. Manchester Global Management UK Ltd increased its stake in Procore Technologies by 22.3% in the fourth quarter. Manchester Global Management UK Ltd now owns 431,603 shares of the company’s stock valued at $32,340,000 after purchasing an additional 78,783 shares during the period. Stifel Financial Corp raised its holdings in shares of Procore Technologies by 8.9% in the fourth quarter. Stifel Financial Corp now owns 128,938 shares of the company’s stock valued at $9,661,000 after buying an additional 10,491 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Procore Technologies by 4.3% in the fourth quarter. OneDigital Investment Advisors LLC now owns 5,438 shares of the company’s stock valued at $407,000 after buying an additional 225 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Procore Technologies during the fourth quarter worth about $738,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Procore Technologies Stock Performance

Shares of PCOR opened at $64.76 on Tuesday. The company has a 50-day moving average of $65.64 and a two-hundred day moving average of $72.36. The stock has a market cap of $9.66 billion, a P/E ratio of -89.95 and a beta of 0.90. Procore Technologies, Inc. has a 12-month low of $49.46 and a 12-month 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.

Procore Technologies (NYSE:PCOR) last posted its earnings results 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 for the quarter, compared to analyst estimates of $302.66 million. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. Procore Technologies’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. As a group, research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Canaccord Genuity Group upped their price objective on Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Mizuho decreased their price target on Procore Technologies from $75.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Barclays boosted their price objective on shares of Procore Technologies from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of Procore Technologies from $97.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their target price on shares of Procore Technologies from $93.00 to $75.00 and set a “buy” rating on the stock in a report on Friday. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.24.

Insider Activity at Procore Technologies

In other news, CFO Howard Fu sold 1,480 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $60.02, for a total transaction of $88,829.60. Following the sale, the chief financial officer now owns 206,704 shares in the company, valued at $12,406,374.08. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $82.92, for a total value of $995,040.00. Following the completion of the transaction, the executive now owns 161,368 shares of the company’s stock, valued at $13,380,634.56. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,962 shares of company stock valued at $5,041,588 over the last quarter. Insiders own 29.00% of the company’s stock.

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.