Procore Technologies (NYSE:PCOR) Announces Earnings Results, Beats Estimates By $0.10 EPS

Procore Technologies (NYSE:PCOR) issued its earnings results on Wednesday. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.32 by $0.10, FiscalAI reports. The firm had revenue of $338.85 million during 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 business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Procore Technologies updated its Q4 2025 guidance to EPS.

Procore Technologies Stock Up 0.7%

Shares of PCOR traded up $0.56 during midday trading on Friday, hitting $79.65. The stock had a trading volume of 1,360,372 shares, compared to its average volume of 1,451,952. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of -94.82 and a beta of 0.90. The company has a 50 day simple moving average of $72.02 and a two-hundred day simple moving average of $69.21. Procore Technologies has a twelve month low of $53.71 and a twelve month high of $88.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.29 and a quick ratio of 1.29.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PCOR shares. Barclays boosted their price target on shares of Procore Technologies from $72.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, July 14th. 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 report on Thursday. 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. JMP Securities restated a “market perform” rating and issued a $95.00 price target on shares of Procore Technologies in a report on Friday, August 1st. Finally, Piper Sandler raised their price target on Procore Technologies from $82.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.26.

Insider Transactions at Procore Technologies

In related news, insider Benjamin C. Singer sold 4,205 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $63.67, for a total transaction of $267,732.35. Following the completion of the transaction, the insider directly owned 86,366 shares in the company, valued at approximately $5,498,923.22. This trade represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Howard Fu sold 814 shares of the business’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 sale, the chief financial officer owned 187,847 shares in the company, valued at $13,588,851.98. The trade was a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,724 shares of company stock valued at $2,122,519 over the last three months. Company insiders own 21.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in Procore Technologies by 132.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,064 shares of the company’s stock valued at $210,000 after buying an additional 1,747 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Procore Technologies by 12.9% during the 2nd quarter. Hsbc Holdings PLC now owns 4,417 shares of the company’s stock worth $302,000 after buying an additional 506 shares during the last quarter. State of Wyoming bought a new position in shares of Procore Technologies in the 2nd quarter valued at about $321,000. Corient Private Wealth LLC increased its position in shares of Procore Technologies by 10.2% in the second quarter. Corient Private Wealth LLC now owns 5,091 shares of the company’s stock valued at $348,000 after acquiring an additional 470 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in Procore Technologies by 18.5% during the second quarter. Cresset Asset Management LLC now owns 5,157 shares of the company’s stock worth $353,000 after acquiring an additional 805 shares in the last quarter. Institutional investors own 81.10% of the company’s stock.

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.