Procore Technologies (NYSE:PCOR) Issues Quarterly Earnings Results

Procore Technologies (NYSE:PCOR) released its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05, Briefing.com reports. Procore Technologies had a negative net margin of 2.73% and a positive return on equity of 0.71%. The firm had revenue of $402.31 million for the quarter, compared to the consensus estimate of $384.38 million. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue was up 18.7% compared to the same quarter last year.

Procore Technologies Price Performance

NYSE:PCOR traded up $11.09 during midday trading on Wednesday, hitting $74.26. The company’s stock had a trading volume of 3,155,578 shares, compared to its average volume of 2,836,608. Procore Technologies has a fifty-two week low of $38.03 and a fifty-two week high of $82.32. The firm has a market cap of $11.28 billion, a P/E ratio of -285.38 and a beta of 0.75. The firm’s 50 day moving average is $56.69 and its 200-day moving average is $53.38.

Insider Activity at Procore Technologies

In other Procore Technologies news, Director Elisa Steele sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $63.00, for a total value of $94,500.00. Following the completion of the transaction, the director directly owned 58,371 shares of the company’s stock, valued at approximately $3,677,373. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin Singer sold 3,943 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $63.35, for a total transaction of $249,789.05. Following the sale, the insider directly owned 86,931 shares in the company, valued at $5,507,078.85. This trade represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 199,193 shares of company stock valued at $11,182,473 over the last ninety days. Corporate insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

PCOR has been the subject of a number of analyst reports. BTIG Research restated a “buy” rating and issued a $66.00 price target on shares of Procore Technologies in a research report on Friday, July 24th. DA Davidson set a $56.00 price objective on shares of Procore Technologies in a research note on Monday, September 28th. UBS Group raised their price target on Procore Technologies from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. TD Cowen lifted their price target on shares of Procore Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Monday. Finally, Piper Sandler began coverage on shares of Procore Technologies in a report on Monday, September 28th. They set an “overweight” rating and a $68.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.06.

Procore Technologies News Summary

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

• Positive Sentiment: For Q3 2026, Procore reported adjusted earnings of $0.51 per share, above analyst estimates of roughly $0.45–$0.46, and revenue of $402.3 million versus expectations of about $384.4 million. Revenue grew 18.7% year over year. Procore Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Management set Q4 guidance and highlighted new product capabilities, including the general availability of Procore AI’s “digital coworkers.” The results and product updates may support expectations for continued growth. Procore Technologies Q3 Adjusted Earnings, Revenue Rise; Q4 Guidance Set
• Neutral Sentiment: Valuation commentary was mixed: one analysis described PCOR as close to fair value based on cash flow, while another estimated it could be about 9% undervalued in light of earnings and buyback considerations. Procore Stock Looks Close to Fair Value on Cash Flow Procore Could Be 9% Undervalued
• Neutral Sentiment: A previously announced equity buyback program has expired. The report does not indicate whether Procore has authorized a replacement program. Procore’s Announced Equity Buyback Has Expired

About Procore Technologies

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company’s technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore’s products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.