Procore Technologies (NYSE:PCOR) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Procore Technologies (NYSE:PCOR) announced its quarterly earnings data on Wednesday. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10, FiscalAI reports. The company had revenue of $338.85 million for the quarter, compared to analysts’ expectations of $328.13 million. Procore Technologies had a negative return on equity of 6.17% and a negative net margin of 9.84%.Procore Technologies’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $0.24 EPS. Procore Technologies updated its Q4 2025 guidance to EPS.

Procore Technologies Trading Up 0.7%

Shares of NYSE PCOR traded up $0.56 during trading hours on Friday, hitting $79.65. The company’s stock had a trading volume of 1,360,372 shares, compared to its average volume of 1,451,952. Procore Technologies has a 12 month low of $53.71 and a 12 month high of $88.92. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of -94.82 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50-day simple moving average of $72.02 and a 200-day simple moving average of $69.21.

Wall Street Analyst Weigh In

Several research analysts have commented on PCOR shares. Canaccord Genuity Group lifted their price target on shares of Procore Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. JMP Securities reiterated a “market perform” rating and issued a $95.00 target price on shares of Procore Technologies in a research report on Friday, August 1st. Piper Sandler boosted their price target on shares of Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays upped their price target on shares of Procore Technologies from $72.00 to $82.00 and gave the company an “equal weight” rating in a research report on Monday, July 14th. Finally, William Blair reiterated an “outperform” rating on shares of Procore Technologies in a report on Friday, October 17th. Fifteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.26.

Insiders Place Their Bets

In other news, CFO Howard Fu sold 814 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $72.34, for a total transaction of $58,884.76. Following the transaction, the chief financial officer directly owned 187,847 shares of the company’s stock, valued at approximately $13,588,851.98. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 7,692 shares of the firm’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $70.56, for a total value of $542,747.52. Following the completion of the sale, the director directly owned 1,115,637 shares of the company’s stock, valued at $78,719,346.72. The trade was a 0.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,724 shares of company stock worth $2,122,519. 21.50% of the stock is currently owned by company insiders.

Institutional Trading of Procore Technologies

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its position in shares of Procore Technologies by 132.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,064 shares of the company’s stock worth $210,000 after acquiring an additional 1,747 shares in the last quarter. Hsbc Holdings PLC grew its stake in Procore Technologies by 12.9% in the second quarter. Hsbc Holdings PLC now owns 4,417 shares of the company’s stock worth $302,000 after purchasing an additional 506 shares during the period. State of Wyoming purchased a new stake in Procore Technologies in the second quarter worth $321,000. Corient Private Wealth LLC raised its holdings in Procore Technologies by 10.2% in the second quarter. Corient Private Wealth LLC now owns 5,091 shares of the company’s stock worth $348,000 after purchasing an additional 470 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its position in Procore Technologies by 18.5% during the second quarter. Cresset Asset Management LLC now owns 5,157 shares of the company’s stock valued at $353,000 after buying an additional 805 shares during the period. 81.10% of the stock is owned by institutional investors.

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.