Procore Technologies (NYSE:PCOR) Upgraded at DA Davidson

DA Davidson upgraded shares of Procore Technologies (NYSE:PCOR) to a hold rating in a research note published on Friday morning,Zacks.com reports. DA Davidson also issued estimates for Procore Technologies’ Q4 2025 earnings at $0.00 EPS.

Several other brokerages have also weighed in on PCOR. Mizuho lifted their price target on Procore Technologies from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Canaccord Genuity Group raised their price objective on Procore Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler boosted their price objective on Procore Technologies from $82.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday. William Blair reaffirmed an “outperform” rating on shares of Procore Technologies in a research note on Friday, October 17th. Finally, Robert W. Baird lifted their price target on shares of Procore Technologies from $88.00 to $93.00 and gave the company an “outperform” rating in a research note on Thursday. Fifteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.26.

Procore Technologies Stock Performance

PCOR opened at $79.65 on Friday. The firm has a fifty day moving average price of $72.22 and a 200 day moving average price of $69.52. Procore Technologies has a 1 year low of $53.71 and a 1 year high of $88.92. The stock has a market cap of $11.96 billion, a P/E ratio of -94.82 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.29 and a quick ratio of 1.29.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Wednesday, September 20th. The company reported ($0.19) earnings per share for the quarter. The firm had revenue of $172.21 million during the quarter. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.17%. Equities research analysts anticipate that Procore Technologies will post -0.15 earnings per share for the current year.

Insider Buying and Selling at Procore Technologies

In other Procore Technologies news, CFO Howard Fu sold 814 shares of Procore Technologies stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $72.34, for a total transaction of $58,884.76. Following the sale, the chief financial officer owned 187,847 shares of the company’s stock, valued at $13,588,851.98. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Benjamin C. Singer sold 4,205 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $63.67, for a total transaction of $267,732.35. Following the completion of the sale, the insider owned 86,366 shares of the company’s stock, valued at $5,498,923.22. This trade represents a 4.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,724 shares of company stock worth $2,122,519. Corporate insiders own 21.50% of the company’s stock.

Institutional Trading of Procore Technologies

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Procore Technologies by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 12,353,586 shares of the company’s stock valued at $900,823,000 after buying an additional 718,663 shares during the period. Wasatch Advisors LP increased its stake in Procore Technologies by 58.4% during the second quarter. Wasatch Advisors LP now owns 4,656,421 shares of the company’s stock worth $318,592,000 after acquiring an additional 1,717,492 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Procore Technologies by 76.6% during the third quarter. Assenagon Asset Management S.A. now owns 4,037,974 shares of the company’s stock worth $294,449,000 after acquiring an additional 1,750,998 shares during the last quarter. Principal Financial Group Inc. raised its position in Procore Technologies by 12.2% in the third quarter. Principal Financial Group Inc. now owns 3,301,569 shares of the company’s stock valued at $240,753,000 after purchasing an additional 360,207 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Procore Technologies by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,282,582 shares of the company’s stock valued at $224,594,000 after purchasing an additional 23,038 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

About Procore Technologies

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.