MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $21.79 Million Stock Position in Procore Technologies, Inc. (NYSE:PCOR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 290,788 shares of the company's stock after selling 8,798 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.20% of Procore Technologies worth $21,789,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its position in shares of Procore Technologies by 61.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 387 shares of the company's stock valued at $29,000 after purchasing an additional 147 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Procore Technologies by 37.8% in the fourth quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Huntington National Bank grew its position in shares of Procore Technologies by 161.6% in the fourth quarter. Huntington National Bank now owns 654 shares of the company's stock valued at $49,000 after purchasing an additional 404 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Procore Technologies by 1,434.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 721 shares of the company's stock valued at $54,000 after purchasing an additional 674 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Procore Technologies in the fourth quarter valued at about $56,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Procore Technologies Price Performance

PCOR traded down $0.35 during midday trading on Friday, reaching $71.08. 767,569 shares of the company's stock were exchanged, compared to its average volume of 1,723,071. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of -98.72 and a beta of 0.90. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The business has a 50-day simple moving average of $64.88 and a two-hundred day simple moving average of $72.61.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.23 EPS for the quarter, topping 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 company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. As a group, research analysts predict that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total value of $93,867.60. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at $17,480. The trade was a 84.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Howard Fu sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $87.00, for a total transaction of $696,000.00. Following the completion of the transaction, the chief financial officer now owns 156,188 shares of the company's stock, valued at $13,588,356. This trade represents a 4.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,834 shares of company stock worth $5,181,472 over the last quarter. Company insiders own 29.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PCOR shares. Piper Sandler lowered their price target on Procore Technologies from $110.00 to $75.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Canaccord Genuity Group increased 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. 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. BMO Capital Markets reduced 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. Finally, UBS Group reduced their target price on shares of Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.24.

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.