Procore Technologies (PCOR) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Procore Technologies (NYSE: PCOR) in the last few weeks:

• 2/18/2025 – Procore Technologies had its price target raised by analysts at JMP Securities from $90.00 to $95.00. They now have a “market outperform” rating on the stock.
• 2/14/2025 – Procore Technologies had its price target raised by analysts at KeyCorp from $85.00 to $96.00. They now have an “overweight” rating on the stock.
• 2/14/2025 – Procore Technologies had its price target raised by analysts at Piper Sandler from $90.00 to $110.00. They now have an “overweight” rating on the stock.
• 2/14/2025 – Procore Technologies had its price target raised by analysts at Barclays PLC from $84.00 to $90.00. They now have an “equal weight” rating on the stock.
• 2/14/2025 – Procore Technologies had its price target raised by analysts at UBS Group AG from $105.00 to $110.00. They now have a “buy” rating on the stock.
• 2/14/2025 – Procore Technologies had its price target raised by analysts at Canaccord Genuity Group Inc. from $83.00 to $97.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Procore Technologies had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $90.00 price target on the stock.
• 1/6/2025 – Procore Technologies was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock, up previously from $80.00.

Procore Technologies Price Performance

PCOR opened at $86.59 on Thursday. The firm has a market cap of $12.87 billion, a P/E ratio of -120.27 and a beta of 0.84. Procore Technologies, Inc. has a fifty-two week low of $49.46 and a fifty-two week high of $88.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a 50-day moving average of $77.99 and a 200 day moving average of $69.07.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46). The business had revenue of $302.05 million for the quarter, compared to analysts’ expectations of $297.72 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. On average, research analysts expect that Procore Technologies, Inc. will post -0.15 EPS for the current year.

Insider Buying and Selling at Procore Technologies

In other news, Director Connor Kevin J. O sold 33,332 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $81.93, for a total value of $2,730,890.76. Following the sale, the director now directly owns 1,282,648 shares of the company’s stock, valued at approximately $105,087,350.64. This represents a 2.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $76.18, for a total transaction of $114,270.00. Following the completion of the sale, the insider now directly owns 84,539 shares in the company, valued at approximately $6,440,181.02. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,600 shares of company stock valued at $5,846,541 over the last three months. 29.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PCOR. Diversified Trust Co grew its position in Procore Technologies by 157.1% during the fourth quarter. Diversified Trust Co now owns 50,649 shares of the company’s stock valued at $3,795,000 after acquiring an additional 30,948 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Procore Technologies by 39.2% during the third quarter. Westfield Capital Management Co. LP now owns 966,215 shares of the company’s stock valued at $59,635,000 after acquiring an additional 272,030 shares during the last quarter. Barclays PLC grew its position in Procore Technologies by 49.1% during the third quarter. Barclays PLC now owns 69,012 shares of the company’s stock valued at $4,259,000 after acquiring an additional 22,734 shares during the last quarter. Advantage Alpha Capital Partners LP grew its position in Procore Technologies by 30.2% during the third quarter. Advantage Alpha Capital Partners LP now owns 126,783 shares of the company’s stock valued at $7,825,000 after acquiring an additional 29,431 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in Procore Technologies by 804.3% during the third quarter. Pathstone Holdings LLC now owns 145,802 shares of the company’s stock valued at $8,999,000 after acquiring an additional 129,679 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors.

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.