Key Points
- Procore director Connor Kevin O sold 7,692 shares for about $419,445 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 0.85%; he retained 900,594 shares.
- Procore reported quarterly EPS of $0.51 and revenue of $402.3 million, both above analyst expectations; revenue grew 18.7% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $71.05.
Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin O sold 7,692 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $54.53, for a total transaction of $419,444.76. Following the completion of the sale, the director owned 900,594 shares in the company, valued at approximately $49,109,390.82. This trade represents a 0.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Procore Technologies Stock Performance
NYSE:PCOR opened at $75.62 on Thursday. The company has a market capitalization of $11.49 billion, a price-to-earnings ratio of -328.75 and a beta of 0.75. Procore Technologies, Inc. has a one year low of $38.03 and a one year high of $82.32. The stock has a 50-day simple moving average of $56.99 and a 200 day simple moving average of $53.40.
Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. Procore Technologies had a positive return on equity of 2.59% and a negative net margin of 2.31%. The firm had revenue of $402.31 million for the quarter, compared to analysts' expectations of $384.38 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Procore Technologies's revenue for the quarter was up 18.7% compared to the same quarter last year. On average, equities research analysts forecast that Procore Technologies, Inc. will post 0.41 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
PCOR has been the subject of a number of research reports. Cantor Fitzgerald lifted their price objective on shares of Procore Technologies from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, October 16th. UBS Group increased their target price on shares of Procore Technologies from $68.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Piper Sandler began coverage on shares of Procore Technologies in a report on Monday, September 28th. They set an "overweight" rating and a $68.00 target price on the stock. DA Davidson set a $56.00 price target on shares of Procore Technologies in a research report on Monday, September 28th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Procore Technologies in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.05.
View Our Latest Research Report on PCOR
Key Procore Technologies News
Here are the key news stories impacting Procore Technologies this week:
- Positive Sentiment: Procore reported Q3 adjusted earnings of $0.51 per share, above analyst estimates of roughly $0.45–$0.46, while revenue of $402.3 million exceeded expectations of about $384 million and increased 18.7% year over year. Management said revenue and margins came in above the high end of guidance. Procore Q3 2026 results
- Positive Sentiment: The company said Procore AI’s “digital coworkers” became generally available, adding a product-development catalyst alongside the earnings beat. Procore Q3 2026 results
- Neutral Sentiment: JPMorgan raised its price target from $69 to $74 and maintained an Overweight rating. The new target is below the share price cited in the report, tempering the upgrade’s near-term upside signal. JPMorgan price target update
- Neutral Sentiment: Commentary on valuation was mixed: one analysis described the stock as close to fair value based on cash flow, while another estimated potential undervaluation. These are model-based assessments rather than company announcements. Procore valuation analysis
Institutional Investors Weigh In On Procore Technologies
Several institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG bought a new position in shares of Procore Technologies in the second quarter valued at approximately $114,444,000. Bank of America Corp DE acquired a new position in shares of Procore Technologies during the second quarter valued at approximately $34,651,000. Hillsdale Investment Management Inc. bought a new stake in Procore Technologies during the first quarter worth approximately $3,181,000. Whetstone Capital Advisors LLC bought a new stake in Procore Technologies during the second quarter worth approximately $1,990,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Procore Technologies during the second quarter worth approximately $964,000. Institutional investors and hedge funds own 81.10% of the company's stock.
About Procore Technologies
(
Get Free Report)
Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company's technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.
Procore's products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.
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