Procore Technologies (NYSE:PCOR) Given New $79.00 Price Target at Piper Sandler

Procore Technologies (NYSE:PCOR) had its target price cut by Piper Sandler from $91.00 to $79.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on the company. BTIG Research dropped their price objective on Procore Technologies from $88.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday. Barclays lowered their target price on Procore Technologies from $90.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets cut their price target on Procore Technologies from $87.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Robert W. Baird raised their price objective on shares of Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Canaccord Genuity Group lifted their price objective on shares of Procore Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Seventeen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Trading Up 9.5%

NYSE:PCOR opened at $52.41 on Friday. Procore Technologies has a 52 week low of $46.08 and a 52 week high of $88.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33. The firm’s fifty day moving average is $67.18 and its 200-day moving average is $69.82. The firm has a market cap of $8.15 billion, a P/E ratio of -78.23 and a beta of 0.89.

Procore Technologies (NYSE:PCOR) last released its earnings results on Thursday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $349.11 million for the quarter, compared to analyst estimates of $340.80 million. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 4.00%. Procore Technologies’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. Equities analysts expect that Procore Technologies will post -0.15 earnings per share for the current year.

Insider Activity at Procore Technologies

In related news, insider Benjamin C. Singer sold 4,204 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $69.21, for a total value of $290,958.84. Following the transaction, the insider directly owned 75,676 shares in the company, valued at $5,237,535.96. This trade represents a 5.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William J.G. Griffith sold 207,474 shares of Procore Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $72.30, for a total transaction of $15,000,370.20. Following the completion of the sale, the director directly owned 3,244,546 shares of the company’s stock, valued at approximately $234,580,675.80. The trade was a 6.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 616,392 shares of company stock valued at $44,460,801 over the last three months. 21.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Procore Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in PCOR. Versant Capital Management Inc lifted its position in Procore Technologies by 23.6% in the 3rd quarter. Versant Capital Management Inc now owns 938 shares of the company’s stock valued at $68,000 after acquiring an additional 179 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Procore Technologies by 70.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after purchasing an additional 199 shares in the last quarter. Intellectus Partners LLC increased its holdings in Procore Technologies by 1.6% during the 3rd quarter. Intellectus Partners LLC now owns 12,505 shares of the company’s stock worth $912,000 after purchasing an additional 200 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Procore Technologies by 1.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,685 shares of the company’s stock worth $1,068,000 after purchasing an additional 202 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Procore Technologies by 48.2% in the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after purchasing an additional 204 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Key Procore Technologies News

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q4 earnings beat and revenue growth — Procore reported $0.37 EPS vs. $0.35 consensus and revenue of $349.1M, up 15.6% year-over-year, signaling improving fundamentals after prior-year weakness. Zacks: Q4 Beat
• Positive Sentiment: Company guidance — Procore gave FY 2026 revenue guidance around $1.5B and Q1 revenue guidance of $351–353M, roughly in line with or slightly above Street expectations, which supports the beat and reduces near-term execution risk. Press Release / Guidance
• Positive Sentiment: TD Cowen raised its target — TD Cowen increased its price target from $80 to $85 and keeps a Buy rating, providing a bullish analyst voice among many cuts. Benzinga: TD Cowen
• Neutral Sentiment: Canaccord lowered its target from $90 to $72 but maintained a Buy rating — still bullish on longer-term upside despite trimming the target. Benzinga: Canaccord
• Neutral Sentiment: Piper Sandler cut its target to $79 and stayed Overweight — another trim that keeps a constructive stance. Benzinga: Piper Sandler
• Neutral Sentiment: Barclays trimmed target to $65 but remains Overweight — reduces upside projection while keeping a positive rating. Benzinga: Barclays
• Neutral Sentiment: Stifel cut its target to $63 but keeps a Buy rating — another downward adjustment that signals more conservative expectations. Benzinga: Stifel
• Neutral Sentiment: BTIG reduced its target from $88 to $66 while maintaining a Buy — consistent theme of lower targets but retained conviction from several brokers. Benzinga: BTIG
• Neutral Sentiment: KeyBanc reduced its target to $80 — another mid-day cut (rating details not specified). MSN / KeyBanc
• Negative Sentiment: DA Davidson made the largest relative cut and shifted to Neutral — target lowered to $55 with a Neutral rating, a marked downgrade in analyst sentiment that likely pressured the stock despite the beat. Benzinga: DA Davidson

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.