Procore Technologies, Inc. provides a cloud-based construction management platform and related software products. The company enables stakeholders in the construction industry, such as owners, general contractors, specialty contractors, architects, and engineers, to collaborate on construction projects. It offers products, such as Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; Project Management, 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; Resource Management that helps customers track labor productivity and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitate untethered access to financial data, linking the field, and the office in real-time. The company serves customers, including owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. It primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. It has operations in the United States, Canada, Mexico, the United Kingdom, Ireland, Australia, New Zealand, Singapore, and the United Arab Emirates. The company was incorporated in 2002 and is headquartered in Carpinteria, California.
IPO Year: 2021
Exchange: NYSE
Website: procore.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/24/2024 | $73.00 | Outperform | Robert W. Baird |
| 8/2/2024 | $78.00 → $54.00 | Overweight → Equal Weight | Barclays |
| 8/2/2024 | $90.00 → $60.00 | Buy → Neutral | DA Davidson |
| 6/5/2024 | $70.00 | Neutral | Macquarie |
| 6/4/2024 | $75.00 → $70.00 | Buy → Neutral | Mizuho |
| 1/23/2024 | $76.00 → $81.00 | Overweight | JP Morgan |
| 11/2/2023 | Outperform → Perform | Oppenheimer | |
| 11/2/2023 | $90.00 → $55.00 | Buy → Hold | Jefferies |
| 10/26/2023 | $80.00 | Outperform | BMO Capital Markets |
| 8/3/2023 | $80.00 → $75.00 | Buy → Hold | Loop Capital |
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Empowers field workers and managers to proactively manage projects with real-time insights and predictive analytics DENVER, Nov. 21, 2024 /PRNewswire/ -- FYLD, the AI-powered, field work effectiveness platform for the global infrastructure sector, today announced its integration with Procore, the leading global provider of construction management software. The integration bridges the gap between field operations and project management, resulting in productivity gains of up to 12% in 6 short weeks, and reducing safety risks by more than 48%. The over 2 million construction industry workers using Procore will now be able to effortlessly sync field data including automated workflows, video risk
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today at Groundbreak 2024 announced the launch of its Procore AI solutions. This includes its new AI-powered Agents, artificial intelligence platform capabilities designed to enhance project efficiency, improve decision-making, and enable smarter, faster, and more seamless workflows. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120915400/en/Procore launches Procore AI (Graphic: Business Wire) Procore AI, built on Procore's unified, intelligent platform, is powered by Procore Agents, Insights, and Copilot. With Procore AI
Announcements Include Industry-Defining Integrated Resource Management Solution and AI-Powered Scheduling and Safety Tools to Enhance Project Efficiency and Risk Mitigation Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today kicks off Groundbreak 2024, the construction industry's most innovative conference. Procore is unveiling Resource Management, the industry's first all-in-one solution for comprehensive labor, equipment and materials tracking and planning, along with new AI-powered Scheduling and Safety tools that enhance efficiency and streamline safety management. This press release features multimedia. View the full release
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the third quarter ended September 30, 2024. "We have made good progress on our go-to-market transition we announced last quarter," said Tooey Courtemanche, Founder, President, and CEO of Procore. "We believe this evolution will position us to become a multi-billion revenue company, while building deep and lasting partnerships with our customers." "We are on track to expand operating margins by 900 basis points at the high-end for FY24 and our guidance for FY25 calls for further expansion," said Howard Fu, CFO of Procore. "Long-term growth remains o
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its third quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, Procore will host a conference call on Wednesday, October 30, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access this call, dial +1 833 470 1428 (domestic) or +1 404 975 4839 (international). The conference ID number is 681120. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, htt
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will host an investor call with Chief Revenue Officer, Larry Stack, on Friday, August 16, 2024 at 1:00 p.m. (Pacific time) to address questions from shareholders following its Q2 FY2024 earnings call. To access this webinar, please email [email protected]. About Procore Procore Technologies, Inc. (NYSE:PCOR) creates software for people who build the world. With a focus on providing timely and accurate data for all, Procore transforms the construction industry one project at a time - from hospitals and skyscrapers to airports and stadiums. Beyond its connected,
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the second quarter ended June 30, 2024. "We are in the early innings of transforming one of the largest and least digitized industries in the world," said Tooey Courtemanche, Founder, President, and CEO of Procore. "I am excited about the future of Procore as we embark on the next phase of our journey by connecting everyone in construction on a global platform." "We delivered a record operating margin in Q2 as we continue to demonstrate improved operating leverage in the business," said Howard Fu, CFO of Procore. "Our financial model gives us the
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced the launch of the process to authorize its platform and solutions with the Federal Risk and Authorization Management Program (FedRAMP®). Procore's launch of the FedRAMP authorization process highlights a dedication to delivering the highest standards of security and data compliance for federal customers and contractors. Procore has been preparing for the FedRAMP authorization process through strategic investments and building a security practice that has prepared essential tools, processes, and methodologies that assist in FedRAMP compliance. Procore's strategic investm
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Thursday, August 1, 2024. In conjunction with this announcement, Procore will host a conference call on Thursday, August 1, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access this call, dial +1 833 470 1428 (domestic) or +1 404 975 4839 (international). The conference ID number is 126476. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, http://
Investments in Artificial Intelligence and Maps Accelerates Collaboration Across the Construction Industry Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today is kicking off Innovation Summit 2024, announcing a series of product advancements to help customers improve collaboration throughout the construction lifecycle. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240612564457/en/AI Locations will allow users to scan project drawings and automatically build out project location lists. (Photo: Business Wire) Procore has spent the last two decades building one of the le
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Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the third quarter ended September 30, 2024. "We have made good progress on our go-to-market transition we announced last quarter," said Tooey Courtemanche, Founder, President, and CEO of Procore. "We believe this evolution will position us to become a multi-billion revenue company, while building deep and lasting partnerships with our customers." "We are on track to expand operating margins by 900 basis points at the high-end for FY24 and our guidance for FY25 calls for further expansion," said Howard Fu, CFO of Procore. "Long-term growth remains o
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its third quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, Procore will host a conference call on Wednesday, October 30, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access this call, dial +1 833 470 1428 (domestic) or +1 404 975 4839 (international). The conference ID number is 681120. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, htt
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the second quarter ended June 30, 2024. "We are in the early innings of transforming one of the largest and least digitized industries in the world," said Tooey Courtemanche, Founder, President, and CEO of Procore. "I am excited about the future of Procore as we embark on the next phase of our journey by connecting everyone in construction on a global platform." "We delivered a record operating margin in Q2 as we continue to demonstrate improved operating leverage in the business," said Howard Fu, CFO of Procore. "Our financial model gives us the
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its second quarter fiscal year 2024 financial results after the U.S. financial markets close on Thursday, August 1, 2024. In conjunction with this announcement, Procore will host a conference call on Thursday, August 1, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access this call, dial +1 833 470 1428 (domestic) or +1 404 975 4839 (international). The conference ID number is 126476. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, http://
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the first quarter ended March 31, 2024. "The highly complex and collaborative nature of our industry underscores the importance of our mission to connect everyone in construction on a global platform," said Tooey Courtemanche, Founder and CEO of Procore. "Our trusted, innovative platform mirrors what the industry needs and will continue to deliver value to the industry in both the short and long term." "I am proud of the strong margin performance we delivered in Q1," said Howard Fu, CFO of Procore. "We remain focused on continuing to improve our
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its first quarter fiscal year 2024 financial results after the U.S. financial markets close on Wednesday, May 1, 2024. In conjunction with this announcement, Procore will host a conference call on Wednesday, May 1, 2024 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access this call, dial +1 833 470 1428 (domestic) or +1 404 975 4839 (international). The conference ID number is 705247. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, http://inves
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the fourth quarter and full year ended December 31, 2023. "2023 was a year of milestones at Procore as we surpassed $1B in total annual recurring revenue, reaffirmed our status as one of the best places to work in technology, and delivered numerous innovations on the platform," said Tooey Courtemanche, Founder and CEO of Procore. "Our continued evolution leaves me optimistic about our ability to achieve our vision of improving the lives of everyone in construction." "Procore remains committed to continuously improving how we operate across all as
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its fourth quarter and full fiscal year 2023 financial results after the U.S. financial markets close on Thursday, February 15, 2024. In conjunction with this announcement, Procore will host a conference call on Thursday, February 15, 2024, at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access this call, dial +1 833 470 1428 (domestic) or +1 404 975 4839 (international). The conference ID number is 044868. A live webcast of this conference call will be available on the Investor Relations page of Procore's
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the third quarter ended September 30, 2023. "We remain excited about the long-term opportunity ahead of us, as we continue to deliver technology that drives the efficiency and productivity gains that are critical for our customers in today's uncertain climate. Amidst a more challenging demand environment, we continued to advance our mission of connecting everyone in construction on a global platform, with a number of groundbreaking innovations to the Procore platform," said Tooey Courtemanche, founder, president and CEO of Procore. "In Q3, we mad
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its third quarter fiscal year 2023 financial results after the U.S. financial markets close on Wednesday, November 1, 2023. In conjunction with this announcement, Procore will host a conference call on Wednesday, November 1, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. To access this call, dial 833 470 1428 (domestic) or 404 975 4839 (international). The conference ID number is 038086. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, http://i
Procore Technologies's (NYSE:PCOR) short percent of float has risen 30.04% since its last report. The company recently reported that it has 10.42 million shares sold short, which is 14.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.13 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced the launch of the process to authorize its platform and solutions with the Federal Risk and Authorization Management Program (FedRAMP®). Procore's launch of the FedRAMP authorization process highlights a dedication to delivering the highest standards of security and data compliance for federal customers and contractors.Procore has been preparing for the FedRAMP authorization process through strategic investments and building a security practice that has prepared essential tools, processes, and methodologies that assist in FedRAMP compliance. Procore's strategic investment
Piper Sandler analyst Brent Bracelin maintains Procore Technologies (NYSE:PCOR) with a Overweight and lowers the price target from $77 to $74.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. B. Riley Securities raised the price target for Cinemark Holdings, Inc. (NYSE:CNK) from $16 to $27. B. Riley Securities analyst Eric Wold upgraded the stock from Neutral to Buy. Cinemark shares rose 1.7% to close at $21.73 on Friday. See how other analysts view this stock. Keefe, Bruyette & Woods raised the price target for American Express Company (NYSE:AXP) from $265 to $280. Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintained an Outperform rating. American Express shares gained 0.3% to cl
Stifel analyst Tom Roderick maintains Procore Technologies (NYSE:PCOR) with a Buy and lowers the price target from $90 to $85.
JP Morgan analyst Alexei Gogolev maintains Procore Technologies (NYSE:PCOR) with a Overweight and raises the price target from $86 to $90.
TD Cowen analyst Andrew Sherman initiates coverage on Procore Technologies (NYSE:PCOR) with a Buy rating and announces Price Target of $85.
BMO Capital analyst Daniel Jester maintains Procore Technologies (NYSE:PCOR) with a Outperform and maintains $85 price target.
Macquarie initiates coverage on Procore Technologies (NYSE:PCOR) with a Neutral rating and announces Price Target of $70.
During the last three months, 8 analysts shared their evaluations of Procore Technologies (NYSE:PCOR), revealing diverse outlooks from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 4 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 4 0 0 0 3M Ago 1 0 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $80.75, a high estimate of $95.00, and a low estimate of $70.00. Observing a downward trend, the current average is 5.13% l
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Robert W. Baird initiated coverage of Procore Technologies with a rating of Outperform and set a new price target of $73.00
Barclays downgraded Procore Technologies from Overweight to Equal Weight and set a new price target of $54.00 from $78.00 previously
DA Davidson downgraded Procore Technologies from Buy to Neutral and set a new price target of $60.00 from $90.00 previously
Macquarie initiated coverage of Procore Technologies with a rating of Neutral and set a new price target of $70.00
Mizuho downgraded Procore Technologies from Buy to Neutral and set a new price target of $70.00 from $75.00 previously
JP Morgan reiterated coverage of Procore Technologies with a rating of Overweight and set a new price target of $81.00 from $76.00 previously
Oppenheimer downgraded Procore Technologies from Outperform to Perform
Jefferies downgraded Procore Technologies from Buy to Hold and set a new price target of $55.00 from $90.00 previously
BMO Capital Markets initiated coverage of Procore Technologies with a rating of Outperform and set a new price target of $80.00
Loop Capital downgraded Procore Technologies from Buy to Hold and set a new price target of $75.00 from $80.00 previously
Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, today announced Sarah Hodges as chief marketing officer (CMO), effective today. As CMO of Procore, Hodges will be responsible for the development of the strategic marketing plan and execution of all marketing activities globally in support of Procore's financial and strategic business objectives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230221005130/en/Procore appoints Sarah Hodges as chief marketing officer (CMO). (Photo: Business Wire) "Sarah is a highly-experienced, talented marketing leader with a proven track record o
Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, today announced Olga Kibler as its chief people officer, effective today. Kibler will lead Procore's people strategy, and will join Procore's executive leadership team and report to founder, president and CEO, Tooey Courtemanche. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221114005872/en/(Photo: Business Wire) Most recently, Kibler served as chief people officer at Five9 leading all aspects of the human resources function. Prior to Five9, she served as vice president of talent services at DocuSign and was integral in leading
Procore's new EMEA hub will support the company's regional offices to connect everyone in construction on a global platform The hub is set to create hundreds of jobs as part of a significant investment in Dublin Procore appoints a Head of EMEA Hub to lead the new office Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, today announced the opening of its new EMEA hub in Dublin, Ireland. This move demonstrates Procore's continued commitment to the region and desire to support its expanding customer base as part of its mission to connect everyone in construction on a global platform. The EMEA hub, within Dublin's South Point building
Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, today announced the appointment of Steve Davis as president of product and technology. In this role, Davis will lead Procore's product, design and engineering organizations. Based out of Austin, TX, he will be responsible for driving strategy and execution of Procore's product offerings, working with more than 13,000 customers to build innovative experiences for the industry. Davis will report to Founder, President and CEO, Tooey Courtemanche. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220815005036/en/Procore Appoints Steve
Procore Technologies, Inc. (NYSE:PCOR), a leading global provider of construction management software, today announced Joy Durling as its first-ever chief data officer. Joy will lead Procore's data-as-a-product strategy, as well as all information technology, data intelligence, and product and information security. She will join Procore's executive leadership team and report to founder, President and CEO, Tooey Courtemanche. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220427005314/en/Procore announces Joy Durling as its first-ever chief data officer. (Photo: Business Wire) Most recently, Joy served as executive vice president
Azure Executive will Advise on Procore's Platform Strategy Procore Technologies, Inc. (NYSE:PCOR), a leading provider of construction management software, today announced the appointment of Erin Chapple to its Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211222005166/en/Microsoft Executive Erin Chapple appointed to Procore Board of Directors. (Photo: Business Wire) Chapple serves at Microsoft (NASDAQ:MSFT) as the Corporate Vice President of Azure Core, a public cloud computing platform. She has held this position since March 2021 and has been with Microsoft for more than two decades. In her current role, Ch
Construction Technology Visionary to Lead Customer and Partner Advocacy Alongside Global Expansion Procore Technologies, Inc. (NYSE:PCOR), a leading provider of construction management software, has appointed construction technology expert Sandra Benson as its Head of Industry Transformation. In this new role, Benson will advise Procore's product and sales engineering teams on customer and partner requirements. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210914005218/en/Photo: Procore Technologies Inc. "At Procore, we are not only committed to developing best-in-class technology for the construction industry, but also being a