MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Holdings in Procore Technologies, Inc. (NYSE:PCOR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 2.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 290,788 shares of the company’s stock after selling 8,798 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Procore Technologies were worth $21,789,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Parkside Financial Bank & Trust boosted its position in 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 buying an additional 147 shares during the last quarter. V Square Quantitative Management LLC boosted its position in 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 buying 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 boosted its position in 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 buying an additional 674 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Procore Technologies in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling at Procore Technologies

In other news, CFO Howard Fu sold 8,000 shares of Procore Technologies stock in a transaction 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 transaction, the chief financial officer now owns 156,188 shares in the company, valued at $13,588,356. The trade was a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of Procore Technologies stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total value of $93,867.60. Following the transaction, the insider now owns 200 shares in the company, valued at approximately $17,480. This represents a 84.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,142 shares of company stock worth $4,119,407. Corporate insiders own 29.00% of the company’s stock.

Procore Technologies Trading Down 1.1%

Shares of NYSE:PCOR opened at $71.63 on Thursday. Procore Technologies, Inc. has a 1 year low of $49.46 and a 1 year high of $88.92. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of -99.48 and a beta of 0.90. 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 business’s 50 day moving average price is $64.72 and its 200-day moving average price is $72.49.

Procore Technologies (NYSE:PCOR) last announced 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. Procore Technologies had a negative return on equity of 5.10% and a negative net margin of 9.20%. The firm had revenue of $310.63 million for the quarter, compared to analyst estimates of $302.66 million. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue was up 15.3% on a year-over-year basis. On average, equities research analysts forecast that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PCOR shares. Canaccord Genuity Group upped their target price on Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, February 14th. UBS Group dropped their target price on Procore Technologies from $110.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group lowered their price objective on Procore Technologies from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus lowered their price objective on Procore Technologies from $93.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Procore Technologies from $97.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.