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 |
|---|---|---|---|
| 4/23/2025 | $95.00 → $75.00 | Outperform | BMO Capital Markets |
| 1/6/2025 | $80.00 → $100.00 | Hold → Buy | Jefferies |
| 12/2/2024 | $105.00 | Buy | UBS |
| 11/22/2024 | $71.00 → $85.00 | Outperform | BMO Capital Markets |
| 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 |
4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
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4 - PROCORE TECHNOLOGIES, INC. (0001611052) (Issuer)
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Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the first quarter ended March 31, 2025. "Our Q1 performance represented a positive start to the year, reflecting our measurable ROI for our customers," said Tooey Courtemanche, Founder, President, and CEO of Procore. "Our ability to help customers achieve more with less positions us well to serve them as they navigate a dynamic environment." "We are prepared to thoughtfully manage the business through the evolving tariff landscape to continuously improve our financial profile," said Howard Fu, CFO of Procore. "Even with this increased uncertainty,
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its first quarter fiscal year 2025 financial results after the U.S. financial markets close on Thursday, May 1, 2025. In conjunction with this announcement, Procore will host a conference call on Thursday, May 1, 2025 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 007334. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, http://investor
Procore Technologies, Inc. (NYSE:PCOR), a leading technology partner for every stage of construction, today released its first ever Future State of Construction Report, offering a data-driven look at the key trends and challenges shaping the construction industry across the next decade. The inaugural report pairs extensive research and expert analysis from leading voices in the industry with survey data from over 1,200 construction decision-makers in Australia, Canada, Ireland, New Zealand, Saudi Arabia, United Arab Emirates, United Kingdom, and the United States. It offers a global, comprehensive view of emerging trends and challenges shaping the industry. "The construction industry is a
Founder, President and CEO Tooey Courtemanche to Transition to Executive Chairman Upon Appointment of Successor Board to Initiate Comprehensive Search Process Procore Technologies, Inc. (NYSE:PCOR) ("Procore" or the "Company"), the leading global provider of construction management software, today announced that Founder, President and CEO, Tooey Courtemanche, intends to transition to Executive Chairman upon the appointment of a successor. In this position, he will continue to be deeply involved in the business and lead the Board. Until that time, there will be no changes to Courtemanche's current role as CEO. This press release features multimedia. View the full release here: https://www.
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, 2024. "Our strong topline performance exceeded expectations, reinforcing our momentum heading into FY25," said Tooey Courtemanche, Founder, President, and CEO of Procore. "The magnitude of high-quality, large transactions reflects the trust our customers place in us, and the strength of our market position." "2024 was another year of strong margin expansion delivering 800 basis points of non-GAAP operating margin improvement. Our Q4 results are not indicative of the operating margin you should e
Jaime Leverton, Doug Mouton and Michael Turner to Join the Board and Bring Directly Applicable AI/HPC Conversion, Data Center and Real Estate Experience Retains Evercore and Northland Capital to Lead Engagement with Potential AI/HPC Partners Following Increased Inbound Interest Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the "Board"). The three new directors were selected through a comprehensive process conducted by the Board's Governance and Nominating Committee, with constructive, independent input fr
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 2024 financial results after the U.S. financial markets close on Thursday, February 13, 2025. In conjunction with this announcement, Procore will host a conference call on Thursday, February 13, 2025 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 214916. A live webcast of this conference call will be available on the Investor Relations page of Procore's w
Key Points: Hodges brings a 20-year track record of marketing success and go-to-market strategic execution at global SaaS providers Autodesk and Procore Technologies Starting on January 6, Hodges will lead brand awareness and creative experiences, product and industry marketing, field marketing, and customer advocacy and digital customer experiences UKG, a leading provider of HR, payroll, workforce management, and culture solutions, today announced that Sarah Hodges will join the company as chief marketing officer (CMO) on January 6, 2025. Hodges will report to UKG President, GTM, Rachel Barger, and lead brand awareness and creative experiences, product and industry marketing, fiel
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
BMO Capital Markets reiterated coverage of Procore Technologies with a rating of Outperform and set a new price target of $75.00 from $95.00 previously
Jefferies upgraded Procore Technologies from Hold to Buy and set a new price target of $100.00 from $80.00 previously
UBS initiated coverage of Procore Technologies with a rating of Buy and set a new price target of $105.00
BMO Capital Markets reiterated coverage of Procore Technologies with a rating of Outperform and set a new price target of $85.00 from $71.00 previously
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
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced financial results for the first quarter ended March 31, 2025. "Our Q1 performance represented a positive start to the year, reflecting our measurable ROI for our customers," said Tooey Courtemanche, Founder, President, and CEO of Procore. "Our ability to help customers achieve more with less positions us well to serve them as they navigate a dynamic environment." "We are prepared to thoughtfully manage the business through the evolving tariff landscape to continuously improve our financial profile," said Howard Fu, CFO of Procore. "Even with this increased uncertainty,
Procore Technologies, Inc. (NYSE:PCOR), the leading global provider of construction management software, today announced that it will report its first quarter fiscal year 2025 financial results after the U.S. financial markets close on Thursday, May 1, 2025. In conjunction with this announcement, Procore will host a conference call on Thursday, May 1, 2025 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 007334. A live webcast of this conference call will be available on the Investor Relations page of Procore's website, http://investor
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, 2024. "Our strong topline performance exceeded expectations, reinforcing our momentum heading into FY25," said Tooey Courtemanche, Founder, President, and CEO of Procore. "The magnitude of high-quality, large transactions reflects the trust our customers place in us, and the strength of our market position." "2024 was another year of strong margin expansion delivering 800 basis points of non-GAAP operating margin improvement. Our Q4 results are not indicative of the operating margin you should e
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 2024 financial results after the U.S. financial markets close on Thursday, February 13, 2025. In conjunction with this announcement, Procore will host a conference call on Thursday, February 13, 2025 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 214916. A live webcast of this conference call will be available on the Investor Relations page of Procore's w
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
Founder, President and CEO Tooey Courtemanche to Transition to Executive Chairman Upon Appointment of Successor Board to Initiate Comprehensive Search Process Procore Technologies, Inc. (NYSE:PCOR) ("Procore" or the "Company"), the leading global provider of construction management software, today announced that Founder, President and CEO, Tooey Courtemanche, intends to transition to Executive Chairman upon the appointment of a successor. In this position, he will continue to be deeply involved in the business and lead the Board. Until that time, there will be no changes to Courtemanche's current role as CEO. This press release features multimedia. View the full release here: https://www.
Jaime Leverton, Doug Mouton and Michael Turner to Join the Board and Bring Directly Applicable AI/HPC Conversion, Data Center and Real Estate Experience Retains Evercore and Northland Capital to Lead Engagement with Potential AI/HPC Partners Following Increased Inbound Interest Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the "Board"). The three new directors were selected through a comprehensive process conducted by the Board's Governance and Nominating Committee, with constructive, independent input fr
Key Points: Hodges brings a 20-year track record of marketing success and go-to-market strategic execution at global SaaS providers Autodesk and Procore Technologies Starting on January 6, Hodges will lead brand awareness and creative experiences, product and industry marketing, field marketing, and customer advocacy and digital customer experiences UKG, a leading provider of HR, payroll, workforce management, and culture solutions, today announced that Sarah Hodges will join the company as chief marketing officer (CMO) on January 6, 2025. Hodges will report to UKG President, GTM, Rachel Barger, and lead brand awareness and creative experiences, product and industry marketing, fiel
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