Procore Technologies, Inc. $PCOR Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 4.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,203,657 shares of the company’s stock after selling 54,608 shares during the quarter. Procore Technologies comprises 1.9% of Robeco Schweiz AG’s holdings, making the stock its 15th largest position. Robeco Schweiz AG’s holdings in Procore Technologies were worth $82,354,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PCOR. Northwestern Mutual Wealth Management Co. boosted its position in shares of Procore Technologies by 277.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 524 shares of the company’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. SVB Wealth LLC purchased a new position in Procore Technologies in the first quarter valued at approximately $49,000. Hilltop National Bank acquired a new stake in Procore Technologies during the second quarter worth approximately $62,000. Signaturefd LLC raised its holdings in Procore Technologies by 53.4% during the first quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock worth $79,000 after purchasing an additional 419 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in shares of Procore Technologies by 58.7% during the 1st quarter. AlphaQuest LLC now owns 1,858 shares of the company’s stock worth $123,000 after buying an additional 687 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Procore Technologies Stock Performance

Shares of PCOR opened at $79.17 on Tuesday. The stock has a market capitalization of $12.31 billion, a P/E ratio of -94.25 and a beta of 0.90. Procore Technologies, Inc. has a 1 year low of $53.71 and a 1 year high of $88.92. The company’s fifty day moving average is $72.41 and its two-hundred day moving average is $69.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 1.29.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, September 20th. The company reported ($0.19) EPS for the quarter. Procore Technologies had a negative return on equity of 6.17% and a negative net margin of 9.84%.The company had revenue of $172.21 million for the quarter. On average, sell-side analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PCOR. Barclays upped their price objective on shares of Procore Technologies from $72.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday, July 14th. DA Davidson raised Procore Technologies to a “hold” rating in a report on Friday. JMP Securities restated a “market perform” rating and set a $95.00 price target on shares of Procore Technologies in a research note on Friday, August 1st. Mizuho lifted their price target on Procore Technologies from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Finally, Citizens Jmp downgraded Procore Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, August 1st. Fifteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.26.

Insiders Place Their Bets

In other Procore Technologies news, CFO Howard Fu sold 814 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $72.34, for a total transaction of $58,884.76. Following the sale, the chief financial officer directly owned 187,847 shares of the company’s stock, valued at $13,588,851.98. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Benjamin C. Singer sold 4,205 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $63.67, for a total transaction of $267,732.35. Following the transaction, the insider directly owned 86,366 shares of the company’s stock, valued at $5,498,923.22. This trade represents a 4.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 30,724 shares of company stock worth $2,122,519. Insiders own 21.50% of the company’s stock.

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.