ProcorePCOR
PCOR
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: 4,203
0
Funds holding %
of 7,425 funds
0
Analysts bullish %
of 15 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
474% more call options, than puts
Call options by funds: $347M | Put options by funds: $60.6M
93% more funds holding in top 10
Funds holding in top 10: 14 [Q3] → 27 (+13) [Q4]
60% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 53
43% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 105
28% more capital invested
Capital invested by funds: $8.06B [Q3] → $10.3B (+$2.27B) [Q4]
7% more funds holding
Funds holding: 367 [Q3] → 391 (+24) [Q4]
4.27% more ownership
Funds ownership: 88.5% [Q3] → 92.76% (+4.27%) [Q4]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$60
6%
downside
Avg. target
$81
27%
upside
High target
$97
51%
upside
15 analyst ratings
11 positive
73%
4 neutral
27%
0 negative
0%
UBS Taylor McGinnis 23% 1-year accuracy 3 / 13 met price target | 36%upside $87 | Buy Maintained | 24 Apr 2025 |
Scotiabank Nick Altmann 28% 1-year accuracy 5 / 18 met price target | 17%upside $75 | Sector Outperform Maintained | 24 Apr 2025 |
Piper Sandler Brent Bracelin 41% 1-year accuracy 51 / 125 met price target | 17%upside $75 | Overweight Maintained | 23 Apr 2025 |
BMO Capital Daniel Jester 31% 1-year accuracy 8 / 26 met price target | 17%upside $75 | Outperform Maintained | 23 Apr 2025 |
Keybanc Tim Rezvan 43% 1-year accuracy 19 / 44 met price target | 20%upside $77 | Overweight Maintained | 21 Apr 2025 |
Financial journalist opinion
Based on 5 articles about PCOR published over the past 30 days
Negative
Zacks Investment Research
6 days ago
Earnings Preview: Procore Technologies (PCOR) Q1 Earnings Expected to Decline
Procore Technologies (PCOR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
1 week ago
Procore Continues To Deliver Under Industry Headwinds
Procore's Q4 earnings exceeded expectations, with revenue at $302M (16% YoY) and a gross margin of 81%, despite industry headwinds. The company continues to gain market share and win deals, with Q4 revenue growth of 16% YoY, outpacing many peers. Procore's diversified customer base and global reach enhance its durability, with high retention rates and significant international revenue growth.
Neutral
Seeking Alpha
1 week ago
Procore: A Generational Founder Steps Back, But The Business Marches On
Procore Technologies' stock offers a compelling buy opportunity at around the same price as six months ago. The company posted $1.15 billion in revenue for 2024, with 21.2% year-over-year growth, despite macroeconomic headwinds. Procore's valuation remains attractive compared to Autodesk, trading at lower EV/Revenue multiples while growing faster.
Neutral
Business Wire
2 weeks ago
Procore Announces Timing of First Quarter Fiscal Year 2025 Earnings Call
CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced that it will report its first quarter fiscal year 2025 financial results after the U.S. financial markets close on Thursday, May 1, 2025. In conjunction with this announcement, Procore will host a conference call on Thursday, May 1, 2025 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access th.
Neutral
Business Wire
3 weeks ago
Procore's Future State of Construction Report Reveals How AI, Automation, and Workforce Shifts are Shaping the Industry
CARPINTERIA, Calif.--(BUSINESS WIRE)---- $pcor--Future State of Construction Report.
Neutral
Business Wire
1 month ago
Procore Announces CEO Succession Plan
CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR) (“Procore” or the “Company”), the leading global provider of construction management software, today announced that Founder, President and CEO, Tooey Courtemanche, intends to transition to Executive Chairman upon the appointment of a successor. In this position, he will continue to be deeply involved in the business and lead the Board. Until that time, there will be no changes to Courtemanche's current role as CEO. Th.
Positive
Seeking Alpha
2 months ago
Procore Technologies: Remain Buy Rated On Growth Acceleration Beyond FY25
Procore Technologies maintains a buy rating due to strong execution, a promising GTM transition, and Procore Pay as a significant growth catalyst. 4Q24 results showed a 16% y/y revenue growth to $302 million, with notable cRPO growth and a significant increase in customers with >$1 million ARR. PCOR's GTM transition is driving enterprise expansion, evidenced by multiple seven-figure ARR contracts and improved sales productivity from a specialist-driven model.
Positive
The Motley Fool
2 months ago
Procore: Mixed Earnings, Revenue Tops
Procore Technologies (PCOR 1.09%), a leading provider of cloud-based construction management software, released its earnings for the fourth quarter of 2024 on February 13, 2025. The company posted revenue of $302 million, exceeding both analyst estimates of $297 million and its own guidance.
Neutral
Seeking Alpha
2 months ago
Procore Technologies, Inc. (PCOR) Q4 2024 Earnings Call Transcript
Procore Technologies, Inc. (NYSE:PCOR ) Q4 2024 Results Earnings Conference Call February 14, 2025 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 Brent Bracelin - Piper Sandler Joe Vruwink - Robert W. Baird DJ Hynes - Canaccord Brent Thill - Jefferies Saket Kalia - Barclays Dylan Becker - William Blair Adam Borg - Stifel Daniel Jester - BMO Capital Markets Jason Celino - KeyBanc Capital Markets Alexei Gogolev - J.P.
Negative
Zacks Investment Research
2 months ago
Procore Technologies (PCOR) Q4 Earnings Lag Estimates
Procore Technologies (PCOR) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.17 per share a year ago.
Charts implemented using Lightweight Charts™