Procore Technologies (NYSE:PCOR) Announces Quarterly Earnings Results

Procore Technologies (NYSE:PCOR) posted its quarterly earnings data on Tuesday. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05, Briefing.com reports. Procore Technologies had a positive return on equity of 2.59% and a negative net margin of 2.31%. The business had revenue of $402.31 million for the quarter, compared to analysts’ expectations of $384.38 million. During the same period in the previous year, the firm posted $0.42 EPS. The business’s revenue was up 18.7% on a year-over-year basis.

Procore Technologies Stock Performance

Shares of PCOR traded up $1.09 during trading hours on Thursday, hitting $76.69. The company had a trading volume of 5,592,502 shares, compared to its average volume of 2,875,905. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of -331.39 and a beta of 0.75. The firm has a fifty day moving average price of $56.99 and a 200-day moving average price of $53.40. Procore Technologies has a 52-week low of $38.03 and a 52-week high of $82.32.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PCOR shares. Griffin Securities initiated coverage on Procore Technologies in a research note on Wednesday, October 28th. They issued a “buy” rating and a $82.00 target price for the company. Citigroup reaffirmed a “market outperform” rating on shares of Procore Technologies in a research note on Monday, October 26th. Piper Sandler increased their price objective on Procore Technologies from $68.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Mizuho set a $68.00 price objective on Procore Technologies in a research report on Wednesday. Finally, Citizens Jmp boosted their target price on shares of Procore Technologies from $77.00 to $91.00 and gave the company a “market outperform” rating in a report on Thursday. Nineteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Procore Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $78.90.

Procore Technologies News Roundup

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Several firms raised price targets on November 5: Citizens JMP to $91, Goldman Sachs, Piper Sandler, BTIG and Cantor Fitzgerald to $90, and Guggenheim to $85. Loop Capital also upgraded PCOR from Hold to Buy with a $93 target. These targets imply meaningful potential upside from the roughly $75.68 reference price and reinforce positive sentiment after the company’s results. Goldman Sachs rating update Loop Capital rating update
• Positive Sentiment: The latest analyst optimism follows a Q3 earnings and revenue beat: adjusted EPS was $0.51 versus estimates around $0.45–$0.46, while revenue of $402.3 million topped expectations and grew 18.7% year over year. Management said revenue and margins exceeded the high end of guidance. Procore Q3 2026 results
• Neutral Sentiment: A Procore director sold 7,692 shares for about $419,000, reducing his holdings by 0.85%. The sale was made under a pre-arranged 10b5-1 trading plan, which may limit its significance as a signal about the company’s outlook. Director stock sale report

Insider Activity at Procore Technologies

In other Procore Technologies news, Director Kevin O’Connor sold 7,692 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $54.53, for a total transaction of $419,444.76. Following the completion of the sale, the director directly owned 900,594 shares in the company, valued at approximately $49,109,390.82. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin Singer sold 3,943 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $63.35, for a total transaction of $249,789.05. Following the completion of the transaction, the insider owned 86,931 shares in the company, valued at approximately $5,507,078.85. This represents a 4.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 206,885 shares of company stock worth $11,601,918 in the last ninety days. 16.80% of the stock is currently owned by company insiders.

About Procore Technologies

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company’s technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore’s products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.