84.51 USD
-1.21
1.41%
At close Dec 5, 4:00 PM EST
1 day
-1.41%
5 days
3.60%
1 month
26.00%
3 months
52.60%
6 months
27.50%
Year to date
24.77%
1 year
38.13%
5 years
-3.97%
10 years
-3.97%
 

About: Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics. The software products are hosted on its cloud-based SaaS construction management platform. Subscriptions are sold for a fixed fee and revenue is recognized ratably over the term of the subscription.

Employees: 3,694

0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 23 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

216% more call options, than puts

Call options by funds: $70.7M | Put options by funds: $22.4M

18% more repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 117

1.58% less ownership

Funds ownership: 90.09% [Q2] → 88.5% (-1.58%) [Q3]

6% less funds holding

Funds holding: 388 [Q2] → 366 (-22) [Q3]

7% less funds holding in top 10

Funds holding in top 10: 15 [Q2] → 14 (-1) [Q3]

8% less capital invested

Capital invested by funds: $8.74B [Q2] → $8.06B (-$678M) [Q3]

25% less first-time investments, than exits

New positions opened: 65 | Existing positions closed: 87

Research analyst outlook

23 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$60
29%
downside
Avg. target
$78
7%
downside
High target
$105
24%
upside

23 analyst ratings

15 positive
65%
neutral
35%
negative
0%
UBS
Taylor McGinnis
91% 1-year accuracy
10 / 11 met price target
24%upside
$105
Buy
Initiated
2 Dec 2024
JMP Securities
Joe Goodwin
61% 1-year accuracy
11 / 18 met price target
7%upside
$90
Market Outperform
Maintained
2 Dec 2024
DA Davidson
Gil Luria
77% 1-year accuracy
24 / 31 met price target
17%downside
$70
Neutral
Maintained
22 Nov 2024
Scotiabank
Nick Altmann
63% 1-year accuracy
5 / 8 met price target
1%upside
$85
Sector Outperform
Maintained
22 Nov 2024
Jefferies
Brent Thill
76% 1-year accuracy
34 / 45 met price target
5%downside
$80
Hold
Maintained
22 Nov 2024

Financial journalist opinion

Based on 7 articles about PCOR published over the past 30 days

Neutral
PRNewsWire
2 weeks ago
FYLD Integrates With Procore to Bridge the Gap Between Construction Field Work and Back Office, Leading to 12% Productivity Gains
Empowers field workers and managers to proactively manage projects with real-time insights and predictive analytics DENVER , Nov. 21, 2024 /PRNewswire/ -- FYLD , the AI-powered, field work effectiveness platform for the global infrastructure sector, today announced its integration with Procore , the leading global provider of construction management software. The integration bridges the gap between field operations and project management, resulting in productivity gains of up to 12% in 6 short weeks, and reducing safety risks by more than 48%.
FYLD Integrates With Procore to Bridge the Gap Between Construction Field Work and Back Office, Leading to 12% Productivity Gains
Neutral
GlobeNewsWire
2 weeks ago
EarthCam Introduces Project Scheduling for its Jobsite Camera Platform at Procore Groundbreak
Denver, CO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- EarthCam, the leader in live camera technology, content, and services, today announced new visual data capabilities for Procore at Groundbreak, a leading construction industry conference. EarthCam is Procore's number-one site camera partner, and its new advancements include live video combined with Procore's Schedule to create a unique one-stop view of progress in the context of key project milestones.
EarthCam Introduces Project Scheduling for its Jobsite Camera Platform at Procore Groundbreak
Neutral
Business Wire
2 weeks ago
Procore Launches Procore AI with New Agents to Boost Construction Management Efficiency
DENVER--(BUSINESS WIRE)---- $pcor--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today at Groundbreak 2024 announced the launch of its Procore AI solutions. This includes its new AI-powered Agents, artificial intelligence platform capabilities designed to enhance project efficiency, improve decision-making, and enable smarter, faster, and more seamless workflows. Procore AI, built on Procore's unified, intelligent platform, is powered by Procore.
Procore Launches Procore AI with New Agents to Boost Construction Management Efficiency
Neutral
Business Wire
2 weeks ago
Procore Drives Connected Construction Innovation at Groundbreak 2024
DENVER--(BUSINESS WIRE)---- $pcor--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today kicks off Groundbreak 2024, the construction industry's most innovative conference. Procore is unveiling Resource Management, the industry's first all-in-one solution for comprehensive labor, equipment and materials tracking and planning, along with new AI-powered Scheduling and Safety tools that enhance efficiency and streamline safety management. “Constructi.
Procore Drives Connected Construction Innovation at Groundbreak 2024
Positive
Seeking Alpha
2 weeks ago
Procore Technologies: Sales Force Expansion And International Expansion, Buy
Procore Technologies is a leading provider of cloud-based construction management software, with significant growth potential in the underpenetrated digital construction market. Procore's integrated platforms and focus on large customers provide competitive advantages, contributing to strong revenue growth and improved profitability. International expansion and sales team growth are key drivers, with a one-year target price of $82 per share and a 'Buy' rating.
Procore Technologies: Sales Force Expansion And International Expansion, Buy
Positive
Zacks Investment Research
3 weeks ago
Are You Looking for a Top Momentum Pick? Why Procore Technologies (PCOR) is a Great Choice
Does Procore Technologies (PCOR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Are You Looking for a Top Momentum Pick? Why Procore Technologies (PCOR) is a Great Choice
Positive
Zacks Investment Research
4 weeks ago
Earnings Estimates Rising for Procore Technologies (PCOR): Will It Gain?
Procore Technologies (PCOR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Earnings Estimates Rising for Procore Technologies (PCOR): Will It Gain?
Neutral
Seeking Alpha
1 month ago
Procore Technologies, Inc. (PCOR) Q3 2024 Earnings Call Transcript
Procore Technologies, Inc. (NYSE:PCOR ) Q3 2024 Earnings Call October 30, 2024 5:00 PM ET Company Participants Alexandra Geller - Head, Investor Relations Tooey Courtemanche - Founder, President and Chief Executive Officer Howard Fu - Chief Financial Officer Conference Call Participants DJ Hynes - Canaccord Joe Vruwink - Baird Luv Sodha - Jefferies Saket Kalia - Barclays Brent Bracelin - Piper Sandler Adam Borg - Stifel Dylan Becker - William Blair Jason Celino - KeyBanc Nick Altmann - Scotiabank Sameer Patel - Mizuho Operator Good evening, all and thank you all for attending the Procore Technologies Full Year ‘24 Third Quarter Earnings Call. My name is Brika, and I will be your moderator for today's call.
Procore Technologies, Inc. (PCOR) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month ago
Procore Technologies (PCOR) Q3 Earnings and Revenues Surpass Estimates
Procore Technologies (PCOR) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.09 per share a year ago.
Procore Technologies (PCOR) Q3 Earnings and Revenues Surpass Estimates
Neutral
Business Wire
1 month ago
Procore Announces Third Quarter 2024 Financial Results
CARPINTERIA, Calif.--(BUSINESS WIRE)---- $pcor--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced financial results for the third quarter ended September 30, 2024. “We have made good progress on our go-to-market transition we announced last quarter,” said Tooey Courtemanche, Founder, President, and CEO of Procore. “We believe this evolution will position us to become a multi-billion revenue company, while building deep and lasting pa.
Procore Announces Third Quarter 2024 Financial Results
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