Procore Technologies (NYSE:PCOR) Issues Earnings Results

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

Procore Technologies Price Performance

PCOR stock traded up $0.84 during trading on Thursday, reaching $75.13. The company’s stock had a trading volume of 2,167,823 shares, compared to its average volume of 1,119,663. Procore Technologies has a 1 year low of $49.46 and a 1 year high of $86.67. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $11.17 billion, a P/E ratio of -150.26 and a beta of 0.84. The company’s fifty day moving average is $77.73 and its 200-day moving average is $68.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PCOR shares. JMP Securities reiterated a “market outperform” rating and set a $90.00 target price on shares of Procore Technologies in a research note on Friday, February 7th. Piper Sandler boosted their target price on shares of Procore Technologies from $70.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on shares of Procore Technologies from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. BMO Capital Markets upped their price objective on Procore Technologies from $71.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, TD Cowen upped their price objective on Procore Technologies from $70.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insiders Place Their Bets

In other Procore Technologies news, Director Connor Kevin J. O sold 6,410 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $76.77, for a total value of $492,095.70. Following the completion of the sale, the director now owns 1,231,368 shares in the company, valued at approximately $94,532,121.36. This represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Benjamin C. Singer sold 1,500 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $76.18, for a total transaction of $114,270.00. Following the transaction, the insider now directly owns 84,539 shares of the company’s stock, valued at $6,440,181.02. This trade represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,656 shares of company stock worth $8,776,297. Corporate insiders own 29.00% of the company’s stock.

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.