Procore Technologies (NYSE:PCOR) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Procore Technologies (NYSE:PCOR) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other brokerages have also issued reports on PCOR. Stifel Nicolaus decreased their target price on shares of Procore Technologies from $85.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday. BTIG Research reduced their price target on Procore Technologies from $88.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Procore Technologies in a report on Thursday, January 22nd. Canaccord Genuity Group cut their target price on Procore Technologies from $90.00 to $72.00 and set a “buy” rating for the company in a research report on Friday. Finally, Barclays decreased their price target on Procore Technologies from $90.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $76.95.

Procore Technologies Stock Performance

Shares of NYSE PCOR opened at $52.41 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of -78.23 and a beta of 0.89. The stock’s fifty day moving average price is $67.18 and its two-hundred day moving average price is $69.77. Procore Technologies has a one year low of $46.08 and a one year high of $88.92.

Procore Technologies (NYSE:PCOR) last announced its earnings results on Thursday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $349.11 million during the quarter, compared to analysts’ expectations of $340.80 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. Procore Technologies’s quarterly revenue was up 15.6% on a year-over-year basis. On average, equities analysts forecast that Procore Technologies will post -0.15 EPS for the current year.

Insider Activity at Procore Technologies

In related news, Director William J.G. Griffith sold 207,474 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $72.30, for a total transaction of $15,000,370.20. Following the completion of the sale, the director directly owned 3,244,546 shares in the company, valued at $234,580,675.80. This represents a 6.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Craig F. Jr. Courtemanche sold 300,000 shares of Procore Technologies stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $71.91, for a total value of $21,573,000.00. Following the completion of the transaction, the chairman owned 677,796 shares in the company, valued at approximately $48,740,310.36. This represents a 30.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 616,392 shares of company stock worth $44,460,801 in the last three months. Insiders own 21.50% of the company’s stock.

Hedge Funds Weigh In On Procore Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its position in Procore Technologies by 493.9% in the third quarter. Alliancebernstein L.P. now owns 6,107,945 shares of the company’s stock valued at $445,391,000 after buying an additional 5,079,534 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of 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 boosted 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 valued at $318,592,000 after acquiring an additional 1,717,492 shares in the last quarter. Wellington Management Group LLP grew its position in Procore Technologies by 77.6% during 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 during the last quarter. Finally, Holocene Advisors LP increased its holdings in Procore Technologies by 245.9% in the 3rd quarter. Holocene Advisors LP now owns 1,987,188 shares of the company’s stock worth $144,906,000 after purchasing an additional 1,412,721 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

More Procore Technologies News

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

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. 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.