Robeco Institutional Asset Management B.V. Purchases 9,368 Shares of Procore Technologies, Inc. (NYSE:PCOR)

Robeco Institutional Asset Management B.V. lifted its position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 56.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,099 shares of the company's stock after acquiring an additional 9,368 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Procore Technologies were worth $1,723,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its holdings in shares of 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 purchasing an additional 147 shares in the last quarter. Covestor Ltd raised its position in Procore Technologies by 15.1% during the fourth quarter. Covestor Ltd now owns 1,571 shares of the company's stock valued at $118,000 after buying an additional 206 shares during the period. Two Sigma Investments LP lifted its stake in Procore Technologies by 5.3% in the 4th quarter. Two Sigma Investments LP now owns 4,181 shares of the company's stock worth $313,000 after acquiring an additional 210 shares in the last quarter. Park Avenue Securities LLC boosted its position in Procore Technologies by 1.7% during the 1st quarter. Park Avenue Securities LLC now owns 12,934 shares of the company's stock worth $854,000 after acquiring an additional 221 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in Procore Technologies by 4.3% during the 4th quarter. OneDigital Investment Advisors LLC now owns 5,438 shares of the company's stock worth $407,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

Procore Technologies Stock Performance

PCOR traded up $2.32 on Thursday, hitting $72.67. The company had a trading volume of 322,820 shares, compared to its average volume of 1,658,555. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.19 and a quick ratio of 1.19. The company's fifty day moving average price is $67.07 and its 200 day moving average price is $70.81. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of -84.45 and a beta of 0.89.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. Procore Technologies had a negative return on equity of 6.54% and a negative net margin of 10.73%. The business had revenue of $310.63 million for the quarter, compared to analyst estimates of $302.66 million. During the same period in the previous year, the company posted $0.30 earnings per share. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. Equities analysts predict that Procore Technologies, Inc. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PCOR has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, March 31st. DA Davidson upgraded shares of Procore Technologies to a "hold" rating in a research note on Tuesday, May 13th. Mizuho cut their target price on shares of Procore Technologies from $75.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, 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 note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Procore Technologies has an average rating of "Moderate Buy" and a consensus price target of $80.83.

Insider Buying and Selling

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 2,500 shares of Procore Technologies stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $65.33, for a total transaction of $163,325.00. Following the sale, the executive owned 208,288 shares in the company, valued at $13,607,455.04. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Connor Kevin J. O sold 7,692 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $65.34, for a total transaction of $502,595.28. Following the completion of the sale, the director directly owned 1,177,516 shares in the company, valued at approximately $76,938,895.44. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 660,412 shares of company stock worth $42,834,653. 29.00% of the stock is currently owned by corporate insiders.

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.