Procore Technologies (NYSE:PCOR) Issues Earnings Results

Procore Technologies (NYSE:PCOR) issued its quarterly earnings data on Thursday. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46), Zacks reports. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. Procore Technologies updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Procore Technologies Stock Performance

NYSE:PCOR opened at $87.48 on Friday. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of -174.96 and a beta of 0.84. Procore Technologies has a 1-year low of $49.46 and a 1-year high of $87.90. The firm’s fifty day moving average price is $77.63 and its 200 day moving average price is $68.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler boosted their price objective on Procore Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets increased their price objective on Procore Technologies from $71.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Canaccord Genuity Group increased their target price on Procore Technologies from $83.00 to $97.00 and gave the company a “buy” rating in a report on Friday. Barclays raised their price objective on Procore Technologies from $84.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Mizuho raised their price objective on Procore Technologies from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.65.

Insider Transactions at Procore Technologies

In related news, Director Connor Kevin J. O sold 6,410 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $76.77, for a total transaction of $492,095.70. Following the completion of the sale, the director now directly owns 1,231,368 shares of the company’s stock, valued at approximately $94,532,121.36. This represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig F. Jr. Courtemanche sold 22,665 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $71.36, for a total transaction of $1,617,374.40. Following the completion of the transaction, the chief executive officer now directly owns 770,458 shares of the company’s stock, valued at approximately $54,979,882.88. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 114,656 shares of company stock valued at $8,776,297 over the last three months. 29.00% of the stock is currently owned by insiders.

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.