Procore Technologies, Inc. (NYSE:PCOR) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG cut its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,239,000 shares of the company's stock after selling 76,000 shares during the period. Procore Technologies comprises about 2.0% of Robeco Schweiz AG's portfolio, making the stock its 16th biggest position. Robeco Schweiz AG owned about 0.83% of Procore Technologies worth $92,838,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Versant Capital Management Inc boosted its holdings in Procore Technologies by 92.1% in the fourth quarter. Versant Capital Management Inc now owns 365 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares during the period. V Square Quantitative Management LLC raised its position in Procore Technologies by 37.8% in the 4th quarter. V Square Quantitative Management LLC now owns 591 shares of the company's stock valued at $44,000 after purchasing an additional 162 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Procore Technologies by 6,069.2% in the 3rd quarter. International Assets Investment Management LLC now owns 802 shares of the company's stock valued at $49,000 after buying an additional 789 shares during the period. Hilltop National Bank acquired a new position in shares of Procore Technologies during the fourth quarter worth about $53,000. Finally, GAMMA Investing LLC increased its stake in shares of Procore Technologies by 84.7% during the fourth quarter. GAMMA Investing LLC now owns 746 shares of the company's stock worth $56,000 after buying an additional 342 shares during the period. Institutional investors and hedge funds own 81.10% of the company's stock.

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Insider Activity

In other news, Director Connor Kevin J. O sold 33,332 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $81.93, for a total transaction of $2,730,890.76. Following the sale, the director now owns 1,282,648 shares of the company's stock, valued at $105,087,350.64. The trade was a 2.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Lawrence Joseph Stack sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $82.92, for a total value of $995,040.00. Following the completion of the transaction, the executive now directly owns 161,368 shares of the company's stock, valued at $13,380,634.56. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,311 shares of company stock valued at $7,720,903 in the last three months. 29.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PCOR has been the subject of a number of recent research reports. Scotiabank lifted their price target on shares of Procore Technologies from $70.00 to $85.00 and gave the stock a "sector outperform" rating in a research note on Friday, November 22nd. JMP Securities lifted their price objective on shares of Procore Technologies from $90.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Tuesday, February 18th. BMO Capital Markets increased their target price on Procore Technologies from $71.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on Procore Technologies from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, UBS Group increased 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. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.94.

Procore Technologies Stock Performance

PCOR stock traded up $0.40 during trading on Friday, hitting $76.32. The company had a trading volume of 2,137,324 shares, compared to its average volume of 1,373,901. The firm has a 50-day moving average price of $78.19 and a 200-day moving average price of $70.33. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The firm has a market cap of $11.44 billion, a PE ratio of -106.00 and a beta of 0.84. Procore Technologies, Inc. has a 1-year low of $49.46 and a 1-year high of $88.92.

Procore Technologies (NYSE:PCOR - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $302.05 million during the quarter, compared to analysts' expectations of $297.72 million. On average, analysts expect that Procore Technologies, Inc. will post -0.15 earnings per share for the current year.

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.