Procore Technologies (NYSE:PCOR) Posts Earnings Results, Beats Expectations By $0.10 EPS

Procore Technologies (NYSE:PCOR) issued its quarterly earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10, FiscalAI reports. The company had revenue of $338.85 million for the quarter, compared to the consensus estimate of $328.13 million. Procore Technologies had a negative net margin of 9.84% and a negative return on equity of 6.17%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Procore Technologies updated its Q4 2025 guidance to EPS.

Procore Technologies Stock Performance

Shares of NYSE PCOR traded up $0.56 during mid-day trading on Friday, hitting $79.65. The company had a trading volume of 1,360,372 shares, compared to its average volume of 1,451,952. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.02. Procore Technologies has a 1 year low of $53.71 and a 1 year high of $88.92. The company has a market capitalization of $11.96 billion, a price-to-earnings ratio of -94.82 and a beta of 0.90. The stock’s 50-day moving average price is $72.02 and its 200-day moving average price is $69.21.

Insiders Place Their Bets

In other news, CFO Howard Fu sold 814 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $72.34, for a total value of $58,884.76. Following the completion of the transaction, the chief financial officer directly owned 187,847 shares in the company, valued at approximately $13,588,851.98. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Connor Kevin J. O sold 7,692 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $66.28, for a total transaction of $509,825.76. Following the transaction, the director directly owned 1,146,405 shares of the company’s stock, valued at approximately $75,983,723.40. This represents a 0.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,724 shares of company stock worth $2,122,519 in the last quarter. 21.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP increased its holdings in shares of Procore Technologies by 58.4% in the second quarter. Wasatch Advisors LP now owns 4,656,421 shares of the company’s stock worth $318,592,000 after purchasing an additional 1,717,492 shares during the period. State Street Corp grew its position in Procore Technologies by 3.1% during the second quarter. State Street Corp now owns 1,935,851 shares of the company’s stock worth $132,451,000 after buying an additional 58,242 shares in the last quarter. Bank of America Corp DE increased its stake in Procore Technologies by 4.3% in the 2nd quarter. Bank of America Corp DE now owns 787,491 shares of the company’s stock worth $53,880,000 after acquiring an additional 32,265 shares during the last quarter. Sei Investments Co. increased its stake in Procore Technologies by 58.0% in the 2nd quarter. Sei Investments Co. now owns 735,507 shares of the company’s stock worth $50,323,000 after acquiring an additional 270,068 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Procore Technologies by 5.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 732,988 shares of the company’s stock valued at $48,392,000 after acquiring an additional 36,426 shares in the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PCOR has been the topic of several research reports. Berenberg Bank began coverage on shares of Procore Technologies in a research report on Friday, October 3rd. They issued a “buy” rating and a $84.00 price objective on the stock. DA Davidson initiated coverage on shares of Procore Technologies in a report on Monday, August 4th. They issued a “neutral” rating and a $70.00 price target on the stock. Piper Sandler upped their price objective on Procore Technologies from $82.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho raised their target price on Procore Technologies from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Finally, KeyCorp boosted their target price on Procore Technologies from $81.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.26.

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.