BTIG Research Cuts Procore Technologies (NYSE:PCOR) Price Target to $66.00

Procore Technologies (NYSE:PCOR) had its price objective cut by BTIG Research from $88.00 to $66.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the company. TD Cowen reduced their price target on Procore Technologies from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, February 3rd. UBS Group cut their target price on Procore Technologies from $87.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. The Goldman Sachs Group reduced their target price on Procore Technologies from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Canaccord Genuity Group boosted their price target on Procore Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Piper Sandler upped their price objective on shares of Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Seventeen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Stock Up 9.5%

PCOR stock opened at $52.41 on Friday. Procore Technologies has a fifty-two week low of $46.08 and a fifty-two week high of $88.92. 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 stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of -78.23 and a beta of 0.90. The business’s fifty day moving average price is $67.18 and its two-hundred day moving average price is $69.74.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.37 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 for the quarter, compared to the consensus estimate of $340.80 million. During the same period in the prior year, the company posted $0.01 earnings per share. Procore Technologies’s revenue was up 15.6% compared to the same quarter last year. On average, equities analysts anticipate that Procore Technologies will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In related news, Chairman Craig F. Jr. Courtemanche sold 75,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $72.70, for a total value of $5,452,500.00. Following the completion of the transaction, the chairman owned 1,155,480 shares of the company’s stock, valued at $84,003,396. This represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Connor Kevin J. O sold 7,692 shares of the business’s 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 approximately $66,574,483.72. The trade was a 0.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 616,392 shares of company stock worth $44,460,801 in the last quarter. Corporate insiders own 21.50% of the company’s stock.

Hedge Funds Weigh In On Procore Technologies

Several large investors have recently bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in shares of Procore Technologies by 465.2% during the third quarter. Global Retirement Partners LLC now owns 390 shares of the company’s stock worth $28,000 after purchasing an additional 321 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Procore Technologies in the 3rd quarter valued at approximately $34,000. Jones Financial Companies Lllp increased its position in Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock valued at $35,000 after acquiring an additional 199 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Procore Technologies during the fourth quarter valued at $41,000. Finally, Allworth Financial LP lifted its holdings in shares of Procore Technologies by 48.2% during the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after purchasing an additional 204 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Procore Technologies News Roundup

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

About Procore Technologies

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.