Procore Technologies (NYSE:PCOR) Posts Earnings Results, Beats Estimates By $0.06 EPS

Procore Technologies (NYSE:PCOR - Get Free Report) announced its earnings results on Thursday, May 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06, Briefing.com reports. The company had revenue of $310.63 million during the quarter, compared to the consensus estimate of $302.66 million. Procore Technologies had a negative net margin of 9.20% and a negative return on equity of 5.10%. Procore Technologies's revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Procore Technologies updated its Q2 2025 guidance to EPS.

Procore Technologies Price Performance

NYSE PCOR traded up $1.94 during trading hours on Thursday, hitting $66.41. 759,031 shares of the company's stock traded hands, compared to its average volume of 1,711,721. The company has a market capitalization of $9.91 billion, a PE ratio of -92.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.57. Procore Technologies has a 52-week low of $49.46 and a 52-week high of $88.92. The firm's 50-day moving average is $65.17 and its 200-day moving average is $72.25.

Insider Transactions at Procore Technologies

In related news, Director Connor Kevin J. O sold 7,700 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $56.67, for a total value of $436,359.00. Following the transaction, the director now directly owns 1,208,284 shares in the company, valued at approximately $68,473,454.28. This represents a 0.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Iconiq Strategic Partners Ii, sold 1,074 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $87.40, for a total value of $93,867.60. Following the sale, the insider now directly owns 200 shares of the company's stock, valued at approximately $17,480. This trade represents a 84.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,552 shares of company stock worth $4,545,903 in the last ninety days. Insiders own 29.00% of the company's stock.

Hedge Funds Weigh In On Procore Technologies

An institutional investor recently bought a new position in Procore Technologies stock. Brighton Jones LLC purchased a new position in shares of Procore Technologies, Inc. (NYSE:PCOR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,815 shares of the company's stock, valued at approximately $511,000. Institutional investors and hedge funds own 81.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PCOR shares. Mizuho decreased their price target on Procore Technologies from $75.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Stifel Nicolaus lowered their target price on shares of Procore Technologies from $93.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group cut their price target on shares of Procore Technologies from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. decreased their price target on shares of Procore Technologies from $97.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Canaccord Genuity Group lifted their price target on Procore Technologies from $83.00 to $97.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.24.

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.