Procore (PCOR)

• Market cap: $8.62B
• 1 day: 2.20%
• 5 days: -5.05%
• 1 month: -20.09%
• 3 months: -27.21%
• 6 months: -8.15%
• Year to date: -23.51%
• 1 year: -18.53%
• 5 years: -34.66%
• 10 years: -34.66%
• Sector: Technology
• Industry: Software - Application

About: Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics. The software products are hosted on its cloud-based SaaS construction management platform. Subscriptions are sold for a fixed fee and revenue is recognized ratably over the term of the subscription.

Employees: 4,203

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

474% more call options, than puts

Call options by funds: $347M | Put options by funds: $60.6M

93% more funds holding in top 10

Funds holding in top 10: 14 [Q3] → 27 (+13) [Q4]

60% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 53

43% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 105

28% more capital invested

Capital invested by funds: $8.06B [Q3] → $10.3B (+$2.27B) [Q4]

7% more funds holding

Funds holding: 367 [Q3] → 391 (+24) [Q4]

4.27% more ownership

Funds ownership: 88.5% [Q3] → 92.76% (+4.27%) [Q4]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $60 4% upside
• Avg. target: $87 51% upside
• High target: $110 91% upside

13 analyst ratings

• positive: 9 69%
• neutral: 4 31%
• negative: 0 0%

Keybanc Tim Rezvan 15% 1-year accuracy 7 / 46 met price target	34% upside $77	Overweight Maintained	21 Apr 2025
Mizuho Siti Panigrahi 15% 1-year accuracy 5 / 33 met price target	13% upside $65	Neutral Maintained	15 Apr 2025
Barclays Saket Kalia 48% 1-year accuracy 27 / 56 met price target	22% upside $70	Equal-Weight Maintained	14 Apr 2025
DA Davidson Gil Luria 15% 1-year accuracy 8 / 53 met price target	4% upside $60	Neutral Maintained	14 Apr 2025
JP Morgan Alexei Gogolev 42% 1-year accuracy 10 / 24 met price target	48% upside $85	Overweight Maintained	9 Apr 2025