Robeco Schweiz AG Sells 76,000 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Robeco Schweiz AG lessened its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,239,000 shares of the company’s stock after selling 76,000 shares during the quarter. Procore Technologies comprises 2.0% of Robeco Schweiz AG’s portfolio, making the stock its 16th biggest holding. Robeco Schweiz AG owned 0.83% of Procore Technologies worth $92,838,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Diversified Trust Co increased its stake in Procore Technologies by 157.1% in the 4th quarter. Diversified Trust Co now owns 50,649 shares of the company’s stock worth $3,795,000 after acquiring an additional 30,948 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in Procore Technologies by 39.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock worth $59,635,000 after acquiring an additional 272,030 shares during the last quarter. Barclays PLC increased its stake in Procore Technologies by 49.1% in the 3rd quarter. Barclays PLC now owns 69,012 shares of the company’s stock worth $4,259,000 after acquiring an additional 22,734 shares during the last quarter. Advantage Alpha Capital Partners LP increased its stake in Procore Technologies by 30.2% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock worth $7,825,000 after acquiring an additional 29,431 shares during the last quarter. Finally, Pathstone Holdings LLC increased its stake in Procore Technologies by 804.3% in the 3rd quarter. Pathstone Holdings LLC now owns 145,802 shares of the company’s stock worth $8,999,000 after acquiring an additional 129,679 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

Procore Technologies Trading Down 0.6 %

Procore Technologies stock opened at $78.42 on Thursday. The stock has a 50-day moving average of $78.19 and a two-hundred day moving average of $70.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. Procore Technologies, Inc. has a one year low of $49.46 and a one year high of $88.92. The stock has a market cap of $11.66 billion, a PE ratio of -108.92 and a beta of 0.84.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.46). Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. The business had revenue of $302.05 million during the quarter, compared to analysts’ expectations of $297.72 million. On average, research analysts anticipate that Procore Technologies, Inc. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PCOR. Stifel Nicolaus lifted their target price on Procore Technologies from $84.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Scotiabank lifted their target price on Procore Technologies from $70.00 to $85.00 and gave the stock a “sector outperform” rating in a report on Friday, November 22nd. Barclays boosted their price objective on Procore Technologies from $84.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. UBS Group boosted their price objective on Procore Technologies from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, TD Cowen boosted their price objective on Procore Technologies from $70.00 to $82.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $89.94.

Insider Transactions at Procore Technologies

In other Procore Technologies news, insider Benjamin C. Singer sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $76.18, for a total value of $114,270.00. Following the sale, the insider now directly owns 84,539 shares of the company’s stock, valued at approximately $6,440,181.02. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Howard Fu sold 8,000 shares of Procore Technologies 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 in the company, valued at $13,588,356. This represents a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,311 shares of company stock worth $7,720,903 over the last three months. 29.00% of the stock is currently owned by insiders.

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.