Currently, shares are trading around $85. 2023 Stock Analysis. Procore Technologies, Inc. engages in the development of cloud-based construction management software. Procore Technologies updated its first quarter 2023 earnings guidance on Monday, February, 20th. These symbols will be available throughout the site during your session. A high percentage of insider ownership can be a sign of company health. (844) 978-6257. Procore Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "PCOR.". Procore Technologies shares (PCOR) are listed on the NYSE and all prices are listed in US Dollars. The official website for the company is www.procore.com. Today,Procore Technologies(NYSE:PCOR) began trading publicly. The construction industry is in the early stages of massive digital transformation. What is Procore Technologies' stock symbol? Copies of the prospectus related to the offering may be obtained from Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attn: Prospectus Department, Telephone: (866) 471-2526, Email: email prospectus-ny@ny.email.gs.com; from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 Telephone: 866-803-9204 Email: prospectus-eq_fi@jpmorganchase.com; from Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717, Telephone: (888) 603-5847, Email: Barclaysprospectus@broadridge.com; or from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, Telephone: 877-821-7388, Email: Prospectus_Department@Jefferies.com. Procore Technologies, Inc. (1611052) SEC Filing S-1 IPO report for the period ending Saturday, August 29, 2020 . The company reported a 27 percent year-over-year increase in revenue to $122.8 million in the second quarter of 2021 with gross margins of . At $67 per share, Procore generated $634.5 million from its IPO. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. This gave the company an implied market cap of over $8 billion. They also acknowledged the still daunting task of connecting so many still disparate systems to better manage information and move construction forward. Shares of PCOR are currently trading more than 27% higher at the time of writing on impressive investor demand. The company issued revenue guidance of $202.00 million-$204.00 million, compared to the consensus revenue estimate of $198.10 million. Today, Procore's platformis used by more than 1.6 million construction professionals in more than 125 countries. It generates revenue through subscriptions for access to its software products. Procore is almost 20 years old, but its platform saw very little adoption until roughly 10 years ago. The company will trade on the NYSE under the symbol "PCOR.". You can sign up for additional alert options at any time. The company plans to use this money for . View institutional ownership trends. Learn More. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California. Something went wrong while loading Watchlist. articles a month for anyone to read, even non-subscribers! We are proud to be at the forefront of this shift.". Paul Lyandres, Chief Financial Officer The company issued 9,500,000 shares at $60.00-$65.00 per share. The company has a market cap of $7.45 billion, a P/E ratio of -25.30 and a beta of 0.58. The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings. Johnson & Johnson stock up 1.9% premarket, Johnson & Johnson now sees full-year adj. View which stocks are hot on social media with MarketBeat's trending stocks report. Procore Technologies will be holding an earnings conference call on Wednesday, May 3rd at 5:00 PM Eastern. Procore sold 9.4 million shares at. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. "That's why we have so many ecosystem partners that we integrate with. Visit a quote page and your recently viewed tickers will be displayed here. By visiting this website, certain cookies have already been set, which you may delete and block. In 2020, it was $400 million. . This is where Procore comes in. Derek Francis for Bear market expert makes new prediction (Ad). Copyright 2023 MarketWatch, Inc. All rights reserved. Get short term trading ideas from the MarketBeat Idea Engine. The company sold 9.47 million shares for $67 each, according to a press release Thursday. Reuters->. One of the companies she launched . Listed under the ticker symbol PCOR, the stock outperformed itstarget and ended the trading day at $88 per share, giving the company a market valueof more than $8.5 billion based on outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. You must click the activation link in order to complete your subscription. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. The company is also home to more than 1.6 million users around the globe with more than $1 trillion of construction volume run on the platform. Goldman Sachs, J.P. Morgan, Barclays and Jefferies served as the underwriters for the IPO and Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer, Piper Sandler, Stifel and William Blair were co-managers. All rights reserved. That gives Procore, which was valued at $5 billion in a private funding. On Monday May 10, Procore announced that it would sell 9.47 million shares in its IPO, with a price range of $60-$65 per share. TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Houle Electric Ltd. has selected Procore Techno CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Olga Kibler as its chief people officer, CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the winners of the 2022 Groundbreaker Aw Procore Technologies (PCOR) delivered earnings and revenue surprises of 47.06% and 6.44%, respectively, for the quarter ended September 2022. Known for its construction management software platform, Carpinteria, California-based Procore raised nearly $635 million through its IPO, selling 9.47 million shares for $67 apiece. Headquartered in Carpinteria, California, Procore has offices around the globe. The 12-month stock price forecast is $77.88, which is an increase of 46.56% from the latest price. Our daily ratings and market update email newsletter. contact@marketbeat.com It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its first qu COMMACK, N.Y.--(BUSINESS WIRE)--IntelliShift, the connected fleet intelligence platform for safety and operations teams, announced a partnership with Procore Technologies Inc., a leading global provid CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR #constructiontech--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced its latest off CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Sarah Hodges as chief marketing officer (C Tooey Courtemanche, Procore CEO joins 'TechCheck' to discuss his thoughts on the company's guidance for the year and fourth quarter results. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. The P/E ratio of Procore Technologies is -25.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Top institutional shareholders include National Bank of Canada FI (0.10%), Sycomore Asset Management (0.03%), Renaissance Capital LLC (0.02%), Northside Capital Management LLC (0.01%), Dfpg Investments LLC (0.01%) and Diversified Trust Co (0.00%). As part of the offering, Doximity reserved 15% of the. In 2022, PCOR's revenue was $720.20 million, an increase of 39.89% compared to the previous year's $514.82 million. Please log in to your account or sign up in order to add this asset to your watchlist. Procore on May 10 sought an $8 billion valuation by offering shares priced between $60 and $65 each, after it had delayed the IPO by a year due to choppy market conditions stemming from the. It Was the Banks Undoing, BlackRock Ditches60/40 Portfolio in New Regime of High Inflation. Copy and paste multiple symbols separated by spaces. Do Not A registration statement relating to the shares sold in this offering was filed with the Securities and Exchange Commission and became effective on May 19, 2021. Procore Technologies, Inc. (NYSE:PCOR) issued its earnings results on Thursday, February, 16th. Accordingly, investors are betting on Procors ability to innovate in one of the oldest, largest, and least-digitized industries in the world. The collaboration and efficiencies contractors gain from using Procores technology are driving a tremendous amount of investor interest in PCOR stock today. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. He was a veteran of the first dot-com bubble, living in Santa Barbara, and had spent a decade . Is Procore Still a Good Buy After Its Q2 Earnings? Procore had initially filed to go public in February 2020 but was delayed (as so many were) by the onset of the global pandemic in March of the . Price as of April 17, 2023, 10:00 a.m. By Brian Feinstein 5.17.21 VERTICAL SOFTWARE. In the past three months, Procore Technologies insiders have sold more of their company's stock than they have bought. Procore will list its stock on . Procore Technologies does not have a long track record of dividend growth. Currently, Procore estimates its total addressable market at roughly $9.4 billion per year. Today Procore trades on the New York Stock Exchange under the ticker PCOR. If you experience any issues with this process, please contact us for further assistance. All rights reserved. Learn more. Our mission is to connect everyone in construction on a global platform. He also wrote about materials prices, construction procurement and estimation for MetalMiner.com. Procore sold 9.4 million shares at. Macau Casinos Are Hot: Is MGM Resorts The Play? Employees 3,568. View PCOR analyst ratings or view top-rated stocks. Real-time analyst ratings, insider transactions, earnings data, and more. Here's everything we know so far: Procore IPO date. 86% of retail CFD accounts lose money, PCOR Stock IPO: 8 Things to Know as Procore Technologies Starts Trading, Monetization Opportunities Galore: Analyst Predicts Generative AI Will Grow Microsoft Stock, Analysts Opinions Are Mixed on These Technology Stocks: Procore Technologies (PCOR) and ZoomInfo Technologies (ZI), Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2023, Analyst Expectations for Procore Technologies's Future, Piper Sandler Sticks to Its Buy Rating for Procore Technologies (PCOR), Registration on or use of this site constitutes acceptance of our. The top 10 holdings account for 64.03% of the fund's assets. Ryan Henderson owns shares of Autodesk. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. "When we paused last year, we wanted to make sure that our employees were safe, that we could lean in and support the [construction]industry, help it work through and navigate what was going to be a very uncertain time," Procore CFO Paul Lyandres said during a phone interview with ENR shortly after trading opened. The. According to 23 analysts, the average rating for PCOR stock is "Buy." "The only way you can build better data integration is bybuilding and scaling the teams that build them," says Daly. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? The company's shares closed last Friday at . Related Link: How To Buy SquareSpace IPO Stock Procore Technologies: Cloud-based construction management software company Procore Technologies PCOR plans to sell 9.5 million shares at a price . The average of price targets set by Wall Street analysts indicates a potential upside of 31.5% in Procore Technologies (PCOR). "Even though I founded Procore nearly twenty years ago, it feels like we're just getting started. How would you describe staffing levels at your firm currently? 14 Wall Street research analysts have issued 12-month price targets for Procore Technologies' shares. And now we get to see what the market actually thinks. Worthless Degrees Are Creating an Unemployable Generation in India, ChatGPT Can Decode Fed Speak, Predict Stock Moves From Headlines, How a Surge of Sargassum Seaweed Is Changing the Beach Vacation, First Republic Worked Hard to Woo Rich Clients. When is Procore Technologies' next earnings date? There's just so much opportunity here.". Plus500. Join These Motley Fool Investors for "The Market Cap Game Show", Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2023, Chief Data Officer of Procore Technologies Makes $447K Sale, Insiders Selling American Airlines, Costco Wholesale And 2 Other Stocks, 2 Supercharged Tech Stocks to Buy Without Any Hesitation, Analyst Expectations for Procore Technologies's Future, 12 Information Technology Stocks Moving In Monday's Pre-Market Session, 12 Information Technology Stocks Moving In Friday's Pre-Market Session, JMP Securities Sticks to Its Buy Rating for Procore Technologies (PCOR), Procore Technologies (PCOR) Receives a Buy from Oppenheimer, Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates, Earnings Outlook For Procore Technologies. The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 2 Stocks That Could Join Apple, Microsoft, Amazon, and Alphabet in the $1 Trillion Club, Prediction: These Will Be 3 of the Biggest Monster Stocks of the Decade, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Goldman Sachs and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. Procore Technologies Inc., a cloud-based construction software company, priced its shares in an initial public offering above a marketed range to raise $634.5 million. According to the Procore IPO prospectus, the firm is offering 9,470,000 shares, which will leave more than 128 million shares outstanding. In this webinar, you'll hear real project stories and proven data analytics strategies using real-time dashboards and reports that continuously improve how they build, operate and compete. Because we want the folks who are looking to hold the stock for 10 plus years.". Should I buy or sell Procore Technologies stock right now? Whether they're general contractors, subcontractors, architects and engineers, or even owners, each entity has to be on the same page and able to efficiently communicate with one another to avoid project delays. Invest better with The Motley Fool. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. But Procore is not the only company that filed and later put on hold an IPO to get back to work on floating. Procor is a provider of cloud-based construction management software. The offering was made only by means of a prospectus. However, there's nuance to this estimate. This documentary-style series follows investigative journalists as they uncover the truth. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Procore Technologies Trading Up 1.2 %. The firm had revenue of $202.05 million for the quarter, compared to analysts' expectations of $190.26 million. In 2020 alone, Procore generated $400 million in revenue, a 256% increase from three years prior. When do you expect states/localities in your area to start advertising Infrastructure Investment and Jobs Act-funded projects? Goldman Sachs, JPMorgan Chase, Barclays, and Jefferies Financial led the offering. It appears this IPO has gone better than most investors expect. Oatly, the first to open, saw its shares rise nearly 19%, while Procore's stock gained 31.3%. Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. One share of PCOR stock can currently be purchased for approximately $53.14. Procore Announces Timing of First Quarter Fiscal Year 2023 Earnings Call, IntelliShift Announces Procore Partnership, Procore Launches Construction Insurance Brokerage to Empower Builders, Procore Appoints Sarah Hodges as Chief Marketing Officer, Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates, Procore Announces Fourth Quarter and Full Year 2022 Financial Results, Five Elms Celebrates Prestigious Recognition. (PCOR) raised $594 million in an initial public offering on Thursday, May 20th 2021. By closing this message or continuing to use our site, you agree to the use of cookies. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. If you have funds in another currency the cheapest way to convert your currency is to use the mid-market rate (that's the one you'll find on Google) which can be done via a fintech service like Wise. Mizuho analyst Matthew Brooks maintains Procore Technologies (NYSE:PCOR) with a Buy and lowers the price target from $80 to $75. View our PCOR earnings forecast. On any given project, there are a number of different stakeholders, each serving their own role. Procore Technologies Inc is a cloud-based construction management software company. At the midpoint of the price range, Procore could generate net proceeds of $552.9 million. Find the latest Procore Technologies, Inc. (PCOR) stock quote, history, news and other vital information to help you with your stock trading and investing. Based on this price range, the Procore IPO. Compare Top Brokerages Here. After submitting your request, you will receive an activation email to the requested email address. This loss is down from a $19 million a year prior. Do Not Sell My Personal Information (CA Residents Only). Analyst Price Forecast Suggests 48.35% Upside As of April 7, 2023, the average one-year price target for Procore Technologies is $77.88. Founded in 2002, Procore offers its cloud-based construction management software to more than 1.6 million users in over 125 countries. With construction being one of the least digitized industries in the world, it's no surprise that management is spending lots of money on sales and marketing as it goes after a huge base of potential customers. 05/20/21 Barron's Oatly, Procore Technologies IPOs See Big Gains Key Stock Data P/E Ratio (TTM) N/A EPS (TTM). Procore has set an IPO date of May 20 2021. Procore Technologies ( PCOR -0.40%), the construction management and workflow platform, completed its IPO on the New York Stock Exchange on Thursday, and its shares got a nice first-day jump. However, the IPO is now on the table again, after a new S-1/A filing in March 2021, with updates in April and May. In the May 20 IPO on the New York Stock Exchange, it beat that range, selling 9.47 million shares for $67 each. Procore's new price. We promise to treat your data with respect and will not share your information with any third party. Procore executives rang the opening bell at the New York Stock Exchange on May 20, 2021, as the company's stock began trading under the ticker symbol PCOR. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. Canaccord Genuity LLC, KeyBanc Capital Markets Inc., Oppenheimer & Co. Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, L.L.C. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. The company also provides Resource Management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. 40.00% of the stock of Procore Technologies is held by insiders. That's nearly double the valuation of its closest competitor, Autodesk (ADSK 1.25%), which trades at a multiple of 16. See what's happening in the market right now with MarketBeat's real-time news feed. Under his leadership, Procore has grown to become a leading global provider of construction management software, connecting over 2 million users across 150+ countries. Procore's IPO price range has been set at between $60 to $65 per share. Controller & Principal Accounting Officer, Exec. In fact, in 2020, Procore spent roughly 78% of its revenue on expenses related to sales and marketing or research and development. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Procore Technologies Aims to Digitize Construction. However, on the first day of trading, demand exceeded expectations and sent the shares up as much as 37% at their high point. 2021 IPO Procore Technologies Stock Cloud-Based Construction Management Software Founded 2002 Notable Investors Bessemer Venture Partners Headquarters Carpinteria CA, US Total Funding $708M About Procore Technologies Stock The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, electronic toll collection, and energy services. Construction managment software firm Procore Inc. sold 9.47 million shares for $67 each in a May 20 initial public offering on the New York Stock Exchange. If the company debuts at its highest estimated price point of $65, the IPO would raise $676.7 million in capital for Procore and its selling shareholders. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, 3 Dividend Stocks with a Yield Above 5% That Are on Sale Now, Charles Schwab's Recovery Just Shifted Gears, Digital Realty Offers Growth and Income with a Wide Moat, These 2 Fabless Chip Stocks Are Among The Market's Top Performers, Why State Street Stock Is Sliding After Announcing Earnings, The Top 2 Chip Stocks Going Into Earnings Season, Here are 2 Top Drug Makers Leading the Way in Weight Loss Drugs, Why Restaurant Stocks are the Stocks to Buy Right Now, SVP, Corp. Procore on May 10 sought an $8 billion valuation by offering shares priced between $60 and $65 each, after it had delayed the IPO by a year due to choppy market conditions stemming from the pandemic. Its IPO Gained 31%. One technology partner that shares reality-capture photo and video data of construction sites through the Procore platform is StructionSite. *Average returns of all recommendations since inception. In conjunction with this announcement, Procore will host a conference call on Wednesday, May 3, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. Goldman Sachs and Tiger Management Corporation are the most recent investors. Procore Technologies has received a consensus rating of Buy. That's a far different outlook from May, when Procore shelved its IPO amid market uncertainty. What guidance has Procore Technologies issued on next quarter's earnings? Get the latest Procore Technologies Inc (PCOR) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. How were Procore Technologies' earnings last quarter? Shares of NYSE:PCOR opened at $53.14 on Monday. Share your information with any third party 2023 earnings guidance on Monday, February,.... The quarter, compared to analysts ' expectations of $ 190.26 million million-. On Thursday, February, 16th bybuilding and scaling the teams that build them, '' Daly! Led the offering, Doximity reserved 15 % of the first dot-com bubble, living in Barbara! May, when Procore shelved its IPO amid market uncertainty at 5:00 PM Eastern to advertising. Usd in construction on a global platform from May, when Procore shelved its IPO market! Different outlook from May, when Procore shelved its IPO a number of articles over the next 30.! 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