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 stake in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PCOR. Parkside Financial Bank & Trust lifted its holdings in shares of Procore Technologies by 61.3% during the 4th 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 raised its stake in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock worth $44,000 after acquiring an additional 162 shares during the last quarter. Huntington National Bank boosted its position in 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 buying an additional 404 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake 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 worth $54,000 after acquiring an additional 674 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Procore Technologies in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

Procore Technologies Stock Performance

Shares of PCOR traded down $0.86 during midday trading on Tuesday, reaching $69.08. 354,912 shares of the stock were exchanged, compared to its average volume of 1,411,038. Procore Technologies, Inc. has a twelve month low of $49.46 and a twelve month high of $88.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of -95.94 and a beta of 0.90. The business's 50-day moving average price is $64.92 and its 200 day moving average price is $72.75.

Procore Technologies (NYSE:PCOR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The company 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%. The firm's revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, sell-side analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Howard Fu sold 8,000 shares of the firm'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 value of $696,000.00. Following the completion of the sale, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $87.40, for a total transaction of $93,867.60. Following the completion of the sale, the insider now owns 200 shares in the company, valued at $17,480. This represents a 84.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,834 shares of company stock valued at $5,181,472. Insiders own 29.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of Procore Technologies from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Scotiabank lowered their target price on shares of Procore Technologies from $95.00 to $75.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Mizuho decreased their target price on Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, DA Davidson upgraded shares of Procore Technologies to a "hold" rating in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Procore Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $80.24.

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.