Procore Technologies (NYSE:PCOR) Price Target Cut to $72.00 by Analysts at Canaccord Genuity Group

Procore Technologies (NYSE:PCOR) had its target price cut by Canaccord Genuity Group from $90.00 to $72.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also weighed in on PCOR. DA Davidson raised Procore Technologies to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Procore Technologies in a research report on Thursday, January 22nd. TD Cowen boosted their price objective on Procore Technologies from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday. BTIG Research dropped their price objective on Procore Technologies from $88.00 to $66.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wall Street Zen upgraded shares of Procore Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Seventeen equities 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 stock. Based on data from MarketBeat, Procore Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.95.

Procore Technologies Price Performance

Shares of Procore Technologies stock opened at $52.41 on Friday. 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 has a 52-week low of $46.08 and a 52-week high of $88.92. The company has a fifty day moving average of $67.18 and a 200-day moving average of $69.82. The stock has a market capitalization of $8.15 billion, a price-to-earnings ratio of -78.23 and a beta of 0.89.

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

Insider Activity

In related news, insider Benjamin C. Singer sold 4,204 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $69.21, for a total transaction of $290,958.84. Following the completion of the transaction, the insider owned 75,676 shares in the company, valued at $5,237,535.96. This represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William J.G. Griffith sold 207,474 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $72.30, for a total value of $15,000,370.20. Following the completion of the sale, the director directly owned 3,244,546 shares of the company’s stock, valued at $234,580,675.80. The trade was a 6.01% decrease in their position. 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

A number of large investors have recently modified their holdings of PCOR. Alliancebernstein L.P. raised its stake in Procore Technologies by 493.9% in the third quarter. Alliancebernstein L.P. now owns 6,107,945 shares of the company’s stock worth $445,391,000 after buying an additional 5,079,534 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Procore Technologies by 76.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,037,974 shares of the company’s stock valued at $294,449,000 after acquiring an additional 1,750,998 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Procore Technologies by 58.4% during the 2nd 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 raised its position in shares of Procore Technologies by 77.6% in the 3rd 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 in the last quarter. Finally, Holocene Advisors LP lifted its stake in shares of Procore Technologies by 245.9% in the 3rd quarter. Holocene Advisors LP now owns 1,987,188 shares of the company’s stock valued at $144,906,000 after purchasing an additional 1,412,721 shares during the period. Institutional investors own 81.10% of the company’s stock.

Trending Headlines about Procore Technologies

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.