Robeco Schweiz AG Has $84.10 Million Stock Holdings in Procore Technologies, Inc. $PCOR

Robeco Schweiz AG reduced its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,156,128 shares of the company’s stock after selling 10,540 shares during the quarter. Procore Technologies accounts for about 1.9% of Robeco Schweiz AG’s holdings, making the stock its 10th biggest holding. Robeco Schweiz AG’s holdings in Procore Technologies were worth $84,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Procore Technologies by 12.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,301,569 shares of the company’s stock valued at $240,753,000 after purchasing an additional 360,207 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Procore Technologies during the 3rd quarter worth approximately $1,442,000. Envestnet Asset Management Inc. increased its position in Procore Technologies by 31.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 419,735 shares of the company’s stock worth $30,607,000 after purchasing an additional 99,706 shares in the last quarter. Robinhood Asset Management LLC bought a new position in Procore Technologies in the 4th quarter valued at approximately $7,136,000. Finally, Stephens Investment Management Group LLC boosted its position in Procore Technologies by 19.6% in the third quarter. Stephens Investment Management Group LLC now owns 365,149 shares of the company’s stock valued at $26,627,000 after buying an additional 59,923 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PCOR. Piper Sandler decreased their target price on shares of Procore Technologies from $79.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen cut their price objective on Procore Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. DA Davidson reduced their price objective on Procore Technologies from $75.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a report on Thursday, January 22nd. Finally, Stifel Nicolaus dropped their target price on Procore Technologies from $85.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Fifteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.88.

Insiders Place Their Bets

In other Procore Technologies news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $47.64, for a total value of $2,673,652.08. Following the sale, the chairman owned 927,580 shares in the company, valued at approximately $44,189,911.20. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 4,225 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $50.00, for a total value of $211,250.00. Following the completion of the sale, the insider directly owned 64,660 shares of the company’s stock, valued at approximately $3,233,000. The trade was a 6.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 148,026 shares of company stock valued at $7,783,734. 16.80% of the stock is currently owned by company insiders.

Procore Technologies Trading Down 2.9%

Shares of NYSE PCOR opened at $53.09 on Thursday. The firm has a 50 day moving average price of $55.72 and a two-hundred day moving average price of $64.29. The stock has a market cap of $8.01 billion, a P/E ratio of -104.11 and a beta of 0.78. Procore Technologies, Inc. has a 52-week low of $46.08 and a 52-week high of $82.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.32 and a current ratio of 1.32.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 2.23% and a negative net margin of 5.61%.The business had revenue of $359.28 million for the quarter, compared to analyst estimates of $352.82 million. During the same quarter last year, the firm posted $0.23 EPS. Procore Technologies’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities analysts forecast that Procore Technologies, Inc. will post 0.09 EPS for the current year.

Procore Technologies News Summary

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Revenue beat and strong top‑line growth — Q1 revenue of $359.3M topped consensus and was up ~15.7% year‑over‑year; management said results exceeded the high end of guidance and raised the full‑year outlook. Business Wire: Q1 Financial Results
• Positive Sentiment: Analysts remain constructive despite trims — UBS kept a Buy but cut its PT to $68, BTIG reaffirmed Buy with a $66 target, and Piper Sandler remains Overweight with a $71 PT. These ratings imply meaningful upside from current levels. Benzinga: Analyst Notes TickerReport: Piper Sandler
• Positive Sentiment: Strategic signal — coverage noted a narrower loss and a new AI board appointment that investors viewed as a positive step for product/strategy execution. Yahoo: Why PCOR Is Up 11.6%
• Neutral Sentiment: Q2 revenue guide roughly in line with consensus — management gave revenue guidance of $364–$366M vs. consensus ~$366.1M, leaving limited upside from guidance alone. Procore Q1 Release / Guidance
• Negative Sentiment: EPS missed expectations — reported EPS $0.34 vs. consensus $0.36, and the business still shows negative net margin and return on equity, which keeps profitability improvement a near‑term focus. Zacks: EPS Miss MarketBeat: Earnings Details
• Negative Sentiment: Market reaction and volume — shares are trading down on the day with above‑average volume, suggesting investor focus on the EPS miss and trimmed analyst targets despite the revenue beat. MarketBeat: PCOR Quote

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.