Iconiq Strategic Partners IV sells $3m in Procore Technologies (PCOR)

Iconiq Strategic Partners IV, a ten percent owner of Procore Technologies, Inc. NASDAQ:PCOR, reported selling shares of common stock on August 13, 2025, for a total value of $3,000,561. The sales occurred at prices ranging from $64.951 to $65.4133. According to InvestingPro data, PCOR stock has declined 26% over the past six months, though the company maintains impressive gross profit margins of 80%.

Specifically, 17,001 shares were sold directly. In addition, 28,161 shares were sold indirectly by ICONIQ Strategic Partners IV-B, L.P. Another 384 shares were sold directly and 644 shares were sold indirectly by ICONIQ Strategic Partners IV-B, L.P.

Following these transactions, ICONIQ Strategic Partners IV directly holds 1,876,073 shares and ICONIQ Strategic Partners IV-B, L.P. indirectly holds 3,108,450 shares of Procore Technologies .

Other significant holdings by related entities include: ICONIQ Strategic Partners III, L.P. with 5,074,915 shares, ICONIQ Strategic Partners III-B, L.P. with 5,422,617 shares, and ICONIQ Strategic Partners III Co-Invest, L.P., Series P with 1,979,533 shares. Divesh Makan indirectly holds 2,840,841 shares, while Matthew Jacobson indirectly holds 876,047 shares.

In other recent news, Procore Technologies reported strong second-quarter earnings for 2025, surpassing Wall Street expectations. The company achieved earnings per share of $0.35, exceeding the forecasted $0.26, and reported revenue of $324 million, which was higher than the anticipated $311.99 million. Despite these positive financial results, Citizens JMP downgraded Procore’s stock rating from Market Outperform to Market Perform. DA Davidson also initiated coverage of Procore Technologies with a Neutral rating, setting a price target of $70.00. These ratings reflect varying perspectives on the company’s future performance. The downgrade and Neutral rating come amid Procore’s robust earnings performance, highlighting differing analyst views on the stock’s potential. These developments provide investors with a range of insights into Procore Technologies’ recent performance and analyst expectations.

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