Procore Technologies (NYSE:PCOR) Shares Gap Up on Strong Earnings

Shares of Procore Technologies, Inc. (NYSE:PCOR) gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $47.88, but opened at $52.45. Procore Technologies shares last traded at $53.9290, with a volume of 1,095,267 shares trading hands.

The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 4.00%. The business had revenue of $349.11 million during the quarter, compared to the consensus estimate of $340.80 million. During the same quarter last year, the firm posted $0.01 EPS. Procore Technologies’s revenue was up 15.6% compared to the same quarter last year.

Procore Technologies News Summary

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

• Positive Sentiment: Q4 earnings beat and revenue growth — Procore reported $0.37 EPS vs. $0.35 consensus and revenue of $349.1M, up 15.6% year-over-year, signaling improving fundamentals after prior-year weakness. Zacks: Q4 Beat
• Positive Sentiment: Company guidance — Procore gave FY 2026 revenue guidance around $1.5B and Q1 revenue guidance of $351–353M, roughly in line with or slightly above Street expectations, which supports the beat and reduces near-term execution risk. Press Release / Guidance
• Positive Sentiment: TD Cowen raised its target — TD Cowen increased its price target from $80 to $85 and keeps a Buy rating, providing a bullish analyst voice among many cuts. Benzinga: TD Cowen
• Neutral Sentiment: Canaccord lowered its target from $90 to $72 but maintained a Buy rating — still bullish on longer-term upside despite trimming the target. Benzinga: Canaccord
• Neutral Sentiment: Piper Sandler cut its target to $79 and stayed Overweight — another trim that keeps a constructive stance. Benzinga: Piper Sandler
• Neutral Sentiment: Barclays trimmed target to $65 but remains Overweight — reduces upside projection while keeping a positive rating. Benzinga: Barclays
• Neutral Sentiment: Stifel cut its target to $63 but keeps a Buy rating — another downward adjustment that signals more conservative expectations. Benzinga: Stifel
• Neutral Sentiment: BTIG reduced its target from $88 to $66 while maintaining a Buy — consistent theme of lower targets but retained conviction from several brokers. Benzinga: BTIG
• Neutral Sentiment: KeyBanc reduced its target to $80 — another mid-day cut (rating details not specified). MSN / KeyBanc
• Negative Sentiment: DA Davidson made the largest relative cut and shifted to Neutral — target lowered to $55 with a Neutral rating, a marked downgrade in analyst sentiment that likely pressured the stock despite the beat. Benzinga: DA Davidson

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. KeyCorp lowered their price objective on Procore Technologies from $91.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Piper Sandler decreased their price target on Procore Technologies from $91.00 to $79.00 and set an “overweight” rating for the company in a report on Friday. Wall Street Zen cut Procore Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Canaccord Genuity Group cut their price objective on shares of Procore Technologies from $90.00 to $72.00 and set a “buy” rating on the stock in a report on Friday. Finally, BMO Capital Markets lowered their target price on shares of Procore Technologies from $87.00 to $67.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Seventeen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.95.

Insider Activity

In other news, Director Connor Kevin J. O sold 7,692 shares of Procore Technologies stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $64.31, for a total transaction of $494,672.52. Following the sale, the director directly owned 1,035,212 shares in the company, valued at $66,574,483.72. The trade was a 0.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William J.G. Griffith sold 207,474 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $72.30, for a total transaction of $15,000,370.20. Following the completion of the transaction, the director directly owned 3,244,546 shares in the company, valued at $234,580,675.80. This trade represents a 6.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 616,392 shares of company stock worth $44,460,801. 21.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC increased its position in Procore Technologies by 465.2% in the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after buying an additional 321 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Procore Technologies during the 3rd quarter worth $34,000. Jones Financial Companies Lllp increased its holdings in Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after acquiring an additional 199 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Procore Technologies in the 4th quarter valued at about $41,000. Finally, Allworth Financial LP raised its stake in Procore Technologies by 48.2% in the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after acquiring an additional 204 shares during the period. 81.10% of the stock is owned by institutional investors.

Procore Technologies Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization of $8.15 billion, a PE ratio of -78.23 and a beta of 0.89. The company’s fifty day simple moving average is $67.18 and its 200 day simple moving average is $69.82.

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. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, 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.