Procore Technologies (NYSE:PCOR) Stock Rating Upgraded by Guggenheim

Posted by Brenda Bartman on Jul 24th, 2026

Procore Technologies (NYSE:PCOR – Get Free Report) was upgraded by research analysts at Guggenheim to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. TD Cowen dropped their price target on Procore Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Citizens Jmp raised Procore Technologies from a “market perform” rating to a “market outperform” rating and set a $71.00 price objective for the company in a research report on Wednesday, April 29th. Piper Sandler lowered their price objective on Procore Technologies from $79.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Barclays dropped their target price on Procore Technologies from $65.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Finally, Wall Street Zen cut Procore Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.47.

Get Our Latest Research Report on PCOR

Procore Technologies Trading Down 1.1%

Shares of NYSE PCOR opened at $41.18 on Wednesday. Procore Technologies has a 1 year low of $38.03 and a 1 year high of $82.32. The stock has a market cap of $6.21 billion, a P/E ratio of -80.75 and a beta of 0.75. The firm has a 50-day moving average of $44.56 and a 200 day moving average of $52.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.12 and a quick ratio of 1.12.

Procore Technologies (NYSE:PCOR – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 2.24% and a negative net margin of 5.61%.The business had revenue of $359.28 million during the quarter, compared to analysts’ expectations of $352.82 million. During the same quarter last year, the company posted $0.23 EPS. Procore Technologies’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, sell-side analysts expect that Procore Technologies will post 0.06 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $43.90, for a total value of $2,463,755.80. Following the completion of the transaction, the chairman directly owned 919,704 shares in the company, valued at $40,375,005.60. The trade was a 5.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 3,942 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $50.00, for a total value of $197,100.00. Following the completion of the transaction, the insider directly owned 96,723 shares in the company, valued at $4,836,150. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 189,621 shares of company stock worth $8,791,847 over the last 90 days. 16.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its stake in Procore Technologies by 95.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,398,163 shares of the company’s stock valued at $178,653,000 after buying an additional 2,146,182 shares during the last quarter. Wasatch Advisors LP grew 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 acquiring an additional 1,717,492 shares during the period. Wellington Management Group LLP grew its holdings in shares of Procore Technologies by 77.6% in the third quarter. Wellington Management Group LLP now owns 3,401,891 shares of the company’s stock worth $248,066,000 after acquiring an additional 1,486,153 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Procore Technologies by 158.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,020,531 shares of the company’s stock valued at $115,170,000 after acquiring an additional 1,240,247 shares during the last quarter. Finally, Norges Bank purchased a new stake in Procore Technologies during the fourth quarter valued at $82,739,000. 81.10% of the stock is owned by institutional investors.

About Procore Technologies

(Get Free Report)

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.