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

Procore Technologies (NYSE:PCOR) posted its quarterly earnings data on Wednesday. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10, FiscalAI reports. The business had revenue of $338.85 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. Procore Technologies updated its Q4 2025 guidance to EPS.

Procore Technologies Stock Performance

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PCOR. JMP Securities reaffirmed a “market perform” rating and set a $95.00 price target on shares of Procore Technologies in a research note on Friday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Procore Technologies in a report on Wednesday, October 8th. Stifel Nicolaus raised their target price on shares of Procore Technologies from $75.00 to $80.00 and gave the company a “buy” rating 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 report on Thursday. Finally, KeyCorp increased their price objective on shares of Procore Technologies from $81.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday. Fifteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.26.

Insider Transactions at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 7,692 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $66.28, for a total transaction of $509,825.76. Following the completion of the transaction, the director owned 1,146,405 shares in the company, valued at $75,983,723.40. This trade represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Benjamin C. Singer sold 4,205 shares of Procore Technologies stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $63.67, for a total transaction of $267,732.35. Following the completion of the transaction, the insider owned 86,366 shares of the company’s stock, valued at $5,498,923.22. The trade was a 4.64% 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 owned by company insiders.

Institutional Trading of Procore Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PCOR. Wasatch Advisors LP lifted its stake in Procore Technologies by 58.4% during the second quarter. Wasatch Advisors LP now owns 4,656,421 shares of the company’s stock worth $318,592,000 after purchasing an additional 1,717,492 shares during the last quarter. State Street Corp raised its holdings in shares of Procore Technologies by 3.1% during the 2nd quarter. State Street Corp now owns 1,935,851 shares of the company’s stock valued at $132,451,000 after buying an additional 58,242 shares in the last quarter. Bank of America Corp DE lifted its position in Procore Technologies by 4.3% in the 2nd quarter. Bank of America Corp DE now owns 787,491 shares of the company’s stock worth $53,880,000 after buying an additional 32,265 shares during the last quarter. Sei Investments Co. boosted its stake in Procore Technologies by 58.0% in the second quarter. Sei Investments Co. now owns 735,507 shares of the company’s stock worth $50,323,000 after buying an additional 270,068 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Procore Technologies by 5.2% during the first quarter. Goldman Sachs Group Inc. now owns 732,988 shares of the company’s stock valued at $48,392,000 after acquiring an additional 36,426 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other 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.