Procore Technologies (NYSE:PCOR) Given New $63.00 Price Target at Stifel Nicolaus

Procore Technologies (NYSE:PCOR) had its target price cut by equities researchers at Stifel Nicolaus from $85.00 to $63.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 18.72% from the company’s previous close.

Several other analysts have also recently commented on PCOR. Barclays raised Procore Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $82.00 to $90.00 in a research report on Monday, January 5th. The Goldman Sachs Group decreased their price objective on Procore Technologies from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Monday. Canaccord Genuity Group upped their target price on Procore Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, November 6th. BTIG Research reduced their price target on shares of Procore Technologies from $88.00 to $66.00 and set a “buy” rating for the company in a research report on Friday. Finally, William Blair reaffirmed an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. Seventeen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.45.

Procore Technologies Stock Performance

PCOR stock traded up $5.19 during trading on Friday, hitting $53.07. 3,171,259 shares of the company’s stock traded hands, compared to its average volume of 2,545,732. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of -63.25 and a beta of 0.89. Procore Technologies has a 52 week low of $46.08 and a 52 week high of $88.92. The stock has a fifty day moving average price of $67.68 and a two-hundred day moving average price of $69.99. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $349.11 million during the quarter, compared to analyst estimates of $340.80 million. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.18%. During the same period in the previous year, the business posted $0.01 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, equities analysts anticipate that Procore Technologies will post -0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Craig F. Jr. Courtemanche sold 75,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $72.70, for a total transaction of $5,452,500.00. Following the completion of the sale, the chairman directly owned 1,155,480 shares of the company’s stock, valued at approximately $84,003,396. This represents a 6.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Howard Fu sold 814 shares of Procore Technologies stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $72.99, for a total transaction of $59,413.86. Following the sale, the chief financial officer owned 178,237 shares in the company, valued at $13,009,518.63. This represents a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 616,392 shares of company stock valued at $44,460,801 in the last three months. Company insiders own 21.50% of the company’s stock.

Institutional Investors Weigh In On Procore Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC increased its stake in shares of Procore Technologies by 465.2% in the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock valued at $28,000 after buying an additional 321 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Procore Technologies during the 3rd quarter worth $34,000. Jones Financial Companies Lllp raised its position in shares of Procore Technologies by 70.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after acquiring an additional 199 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Procore Technologies in the 4th quarter valued at $41,000. Finally, Allworth Financial LP grew its stake in shares of Procore Technologies by 48.2% during the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after purchasing an additional 204 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Procore Technologies News Roundup

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

• Positive Sentiment: Q4 beat — Procore reported $0.37 EPS vs. a $0.35 consensus and revenue of $349.1M (vs. ~$340.8M est.), with revenue up ~15.6% YoY, which drove the initial bullish reaction. Procore Announces Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Q1 revenue guide slightly above street — Procore issued Q1 revenue guidance of $351.0M–$353.0M vs. consensus ~$349.0M, suggesting continued top-line momentum into the new year. MarketBeat Earnings Report
• Neutral Sentiment: BTIG trimmed its target from $88 to $66 but kept a Buy rating, which tempers the upside narrative while still signaling analyst conviction. BTIG Lowers Price Target
• Negative Sentiment: Analyst cuts — KeyBanc lowered its target to $80, adding downward pressure on sentiment as multiple target trims reduce implied upside. KeyBanc Cuts Target
• Negative Sentiment: Profitability remains a concern — despite the beat, Procore still shows a negative net margin (~-9.8%) and negative return on equity (~-6.2%), keeping longer-term EPS recovery uncertain. MarketBeat Earnings Report

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.