Piper Sandler Cuts Procore Technologies (NYSE:PCOR) Price Target to $79.00

Procore Technologies (NYSE:PCOR) had its price objective trimmed by Piper Sandler from $91.00 to $79.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on the stock. Barclays lowered their target price on shares of Procore Technologies from $90.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus decreased their price objective on shares of Procore Technologies from $85.00 to $63.00 and set a “buy” rating for the company in a research note on Friday. Canaccord Genuity Group lifted their target price on Procore Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Procore Technologies in a report on Thursday, January 22nd. Finally, UBS Group decreased 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. 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $76.95.

Procore Technologies Price Performance

Shares of NYSE PCOR opened at $52.41 on Friday. The stock’s 50-day simple moving average is $67.18 and its 200-day simple moving average is $69.74. The firm has a market capitalization of $8.15 billion, a PE ratio of -78.23 and a beta of 0.90. 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 quick ratio of 1.33 and a current ratio of 1.33.

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

Insiders Place Their Bets

In other Procore Technologies news, CRO Lawrence Joseph Stack sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $75.30, for a total transaction of $753,000.00. Following the completion of the sale, the executive directly owned 184,128 shares of the company’s stock, valued at approximately $13,864,838.40. This trade represents a 5.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Craig F. Jr. Courtemanche sold 75,000 shares of Procore Technologies 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 in the company, valued at $84,003,396. This trade represents a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 616,392 shares of company stock valued at $44,460,801. 21.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Procore Technologies

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC grew its position in Procore Technologies by 5.6% in the 4th quarter. Kestra Advisory Services LLC now owns 7,119 shares of the company’s stock valued at $518,000 after buying an additional 379 shares during the last quarter. Marshall Wace LLP purchased a new position in Procore Technologies during the 4th quarter worth $3,541,000. The Manufacturers Life Insurance Company lifted its stake in shares of Procore Technologies by 4.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 32,183 shares of the company’s stock worth $2,341,000 after acquiring an additional 1,306 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Procore Technologies by 44.5% in the fourth quarter. Segall Bryant & Hamill LLC now owns 478,886 shares of the company’s stock valued at $34,834,000 after acquiring an additional 147,406 shares in the last quarter. Finally, Bridgewater Associates LP increased its stake in shares of Procore Technologies by 146.1% during the fourth quarter. Bridgewater Associates LP now owns 109,400 shares of the company’s stock worth $7,958,000 after acquiring an additional 64,945 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

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

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.