Procore Technologies (NYSE:PCOR) Cut to “Hold” at Wall Street Zen

Procore Technologies (NYSE:PCOR) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other brokerages have also recently issued reports on PCOR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Procore Technologies in a research note on Thursday, January 22nd. KeyCorp cut their price objective on Procore Technologies from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Piper Sandler reduced their target price on shares of Procore Technologies from $91.00 to $79.00 and set an “overweight” rating for the company in a report on Friday. Robert W. Baird raised their price objective on Procore Technologies from $88.00 to $93.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, BTIG Research dropped their target price on shares of Procore Technologies from $88.00 to $66.00 and set a “buy” rating for the company in a report on Friday. Seventeen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $76.95.

Procore Technologies Price Performance

PCOR stock opened at $52.41 on Friday. The firm has a market cap of $8.15 billion, a P/E ratio of -78.23 and a beta of 0.89. The firm’s fifty day moving average is $67.18 and its 200 day moving average is $69.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33. Procore Technologies has a 52 week low of $46.08 and a 52 week high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $349.11 million during the quarter, compared to analysts’ expectations of $340.80 million. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 4.00%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 EPS. Research analysts predict that Procore Technologies will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, CRO Lawrence Joseph Stack sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $75.30, for a total value of $753,000.00. Following the sale, the executive directly owned 184,128 shares in the company, valued at approximately $13,864,838.40. The trade was a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Connor Kevin J. O sold 7,692 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $64.31, for a total value of $494,672.52. Following the transaction, the director directly owned 1,035,212 shares of the company’s stock, valued at approximately $66,574,483.72. The trade was a 0.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 616,392 shares of company stock worth $44,460,801. 21.50% of the stock is owned by corporate insiders.

Institutional Trading of Procore Technologies

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

More Procore Technologies News

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.