Procore (PCOR)

• Market cap: $11.8B
• 1 day: -4.26%
• 5 days: -1.90%
• 1 month: 1.30%
• 3 months: 5.69%
• 6 months: 33.70%
• Year to date: 5.77%
• 1 year: 8.28%
• 5 years: -9.65%
• 10 years: -9.65%
• Sector: Information Technology
• Industry: Prepackaged Software

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: 3,694

Fund manager confidence

Based on 2024 Q4 regulatory filings 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]

57% more first-time investments, than exits

New positions opened: 83 | Existing positions closed: 53

42% more repeat investments, than reductions

Existing positions increased: 149 | Existing positions reduced: 105

27% more capital invested

Capital invested by funds: $8.15B [Q3] → $10.3B (+$2.18B) [Q4]

5% more funds holding

Funds holding: 368 [Q3] → 388 (+20) [Q4]

3.24% more ownership

Funds ownership: 89.51% [Q3] → 92.76% (+3.24%) [Q4]

Research analyst outlook

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

• Low target: $75 6% downside
• Avg. target: $95 20% upside
• High target: $110 38% upside

12 analyst ratings

• positive: 10 83%
• neutral: 2 17%
• negative: 0 0%

JMP Securities Aaron Kimson 0 / 0 met price target	19% upside $95	Market Outperform Maintained	18 Feb 2025
UBS Taylor McGinnis 0 / 0 met price target	38% upside $110	Buy Maintained	14 Feb 2025
Keybanc Jason Celino 64% 1-year accuracy 29 / 45 met price target	21% upside $96	Overweight Maintained	14 Feb 2025
Barclays Saket Kalia 72% 1-year accuracy 36 / 50 met price target	13% upside $90	Equal-Weight Maintained	14 Feb 2025
Canaccord Genuity David Hynes 64% 1-year accuracy 67 / 104 met price target	22% upside $97	Buy Maintained	14 Feb 2025