DA Davidson Cuts Procore Technologies (NYSE:PCOR) Price Target to $55.00

Procore Technologies (NYSE:PCOR) had its price target lowered by DA Davidson from $75.00 to $55.00 in a report published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also weighed in on the company. Piper Sandler reduced their price objective on Procore Technologies from $91.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday. BTIG Research dropped their target price on Procore Technologies from $88.00 to $66.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen upgraded Procore Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays lowered their price objective on Procore Technologies from $90.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a research note on Thursday, January 22nd. Seventeen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Stock Performance

Shares of NYSE PCOR opened at $52.41 on Friday. The company has a 50 day simple moving average of $67.18 and a two-hundred day simple moving average of $69.74. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of -78.23 and a beta of 0.90. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. Procore Technologies has a 12 month low of $46.08 and a 12 month high of $88.92.

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

Insider Buying and Selling

In other news, CFO Howard Fu sold 814 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $72.99, for a total transaction of $59,413.86. Following the completion of the transaction, the chief financial officer directly owned 178,237 shares of the company’s stock, valued at $13,009,518.63. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 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 owned 1,035,212 shares in the company, valued at $66,574,483.72. This trade represents a 0.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 616,392 shares of company stock valued at $44,460,801 in the last 90 days. Corporate insiders own 21.50% of the company’s stock.

Institutional Trading of Procore Technologies

Several institutional investors have recently modified their holdings of PCOR. Global Retirement Partners LLC raised its position in shares of Procore Technologies by 465.2% during the 3rd 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 stake in Procore Technologies in the 3rd quarter worth about $34,000. Jones Financial Companies Lllp increased its stake in Procore Technologies by 70.8% during 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 in the last quarter. V Square Quantitative Management LLC purchased a new stake in Procore Technologies during the 4th quarter worth approximately $41,000. Finally, Allworth Financial LP raised 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 valued at $46,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

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

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.