Robeco Schweiz AG Has $83.07 Million Holdings in Procore Technologies, Inc. (NYSE:PCOR)

Robeco Schweiz AG grew its position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,258,265 shares of the company's stock after acquiring an additional 19,265 shares during the quarter. Procore Technologies comprises 2.0% of Robeco Schweiz AG's portfolio, making the stock its 13th biggest position. Robeco Schweiz AG owned about 0.84% of Procore Technologies worth $83,071,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its position in Procore Technologies by 89.5% during the 1st quarter. Teacher Retirement System of Texas now owns 19,957 shares of the company's stock worth $1,318,000 after acquiring an additional 9,428 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Procore Technologies by 66.6% during the first quarter. GAMMA Investing LLC now owns 1,243 shares of the company's stock worth $82,000 after purchasing an additional 497 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Procore Technologies in the fourth quarter valued at $20,729,000. Amalgamated Bank boosted its stake in shares of Procore Technologies by 4.2% in the first quarter. Amalgamated Bank now owns 7,374 shares of the company's stock valued at $487,000 after purchasing an additional 295 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Procore Technologies by 8.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,702 shares of the company's stock valued at $508,000 after purchasing an additional 613 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Procore Technologies news, insider Benjamin C. Singer sold 4,500 shares of Procore Technologies stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $75.00, for a total transaction of $337,500.00. Following the transaction, the insider owned 97,557 shares of the company's stock, valued at $7,316,775. The trade was a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William J.G. Griffith sold 309,168 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $64.76, for a total transaction of $20,021,719.68. Following the sale, the director owned 1,893,458 shares of the company's stock, valued at approximately $122,620,340.08. This represents a 14.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 671,723 shares of company stock valued at $43,802,902. Company insiders own 29.00% of the company's stock.

Procore Technologies Price Performance

NYSE:PCOR traded up $0.02 during mid-day trading on Monday, reaching $71.59. 1,475,843 shares of the stock were exchanged, compared to its average volume of 1,337,273. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $10.68 billion, a PE ratio of -83.24 and a beta of 0.89. The business has a fifty day moving average price of $68.27 and a 200 day moving average price of $70.48.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on PCOR shares. KeyCorp decreased their price objective on shares of Procore Technologies from $96.00 to $77.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Stifel Nicolaus lowered their price objective on Procore Technologies from $93.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Mizuho cut their target price on Procore Technologies from $75.00 to $65.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Jefferies Financial Group decreased 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. Finally, UBS Group dropped their price target on shares of Procore Technologies from $110.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Four 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's stock. According to MarketBeat.com, Procore Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $81.39.

Procore Technologies Company 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.