Piper Sandler Has Lowered Expectations for Procore Technologies (NYSE:PCOR) Stock Price

Procore Technologies (NYSE:PCOR) had its target price dropped by stock analysts at Piper Sandler from $91.00 to $79.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 50.73% from the stock’s previous close.

Several other analysts have also issued reports on the company. BTIG Research dropped their price objective on Procore Technologies from $88.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen boosted their target price on Procore Technologies from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday. Barclays cut their price target on Procore Technologies from $90.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. DA Davidson upgraded shares of Procore Technologies to a “hold” rating in a report on Friday, November 7th. Finally, William Blair reissued an “outperform” rating on shares of Procore Technologies in a research report on Friday, October 17th. Seventeen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Procore Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $76.95.

Procore Technologies Stock Performance

NYSE PCOR opened at $52.41 on Friday. The firm has a market capitalization of $8.15 billion, a P/E ratio of -78.23 and a beta of 0.89. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $67.18 and its two-hundred day moving average price is $69.77. Procore Technologies has a 1 year low of $46.08 and a 1 year high of $88.92.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $349.11 million for the quarter, compared to analyst estimates of $340.80 million. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 4.00%. Procore Technologies’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 EPS. As a group, research analysts anticipate that Procore Technologies will post -0.15 EPS for the current year.

Insiders Place Their Bets

In other news, Director William J.G. Griffith sold 207,474 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $72.30, for a total transaction of $15,000,370.20. Following the transaction, the director directly owned 3,244,546 shares of the company’s stock, valued at approximately $234,580,675.80. This trade represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Connor Kevin J. O sold 7,692 shares of Procore Technologies stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $64.31, for a total transaction of $494,672.52. Following the completion of the sale, the director owned 1,035,212 shares of the company’s stock, valued at approximately $66,574,483.72. The trade was a 0.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 616,392 shares of company stock worth $44,460,801. 21.50% of the stock is currently owned by insiders.

Institutional Trading of Procore Technologies

A number of institutional investors have recently modified their holdings of the stock. US Bancorp DE raised its stake in shares of Procore Technologies by 5.5% during the second quarter. US Bancorp DE now owns 21,638 shares of the company’s stock valued at $1,480,000 after acquiring an additional 1,131 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Procore Technologies by 12.2% in the third quarter. Principal Financial Group Inc. now owns 3,301,569 shares of the company’s stock valued at $240,753,000 after purchasing an additional 360,207 shares during the period. Sequoia Financial Advisors LLC bought a new position in Procore Technologies during the 3rd quarter worth $1,442,000. Envestnet Asset Management Inc. lifted its holdings in Procore Technologies by 31.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 419,735 shares of the company’s stock worth $30,607,000 after buying an additional 99,706 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Procore Technologies by 17.0% during the 2nd quarter. Federated Hermes Inc. now owns 304,219 shares of the company’s stock worth $20,815,000 after buying an additional 44,105 shares during the period. 81.10% of the stock is currently owned by institutional investors.

Trending Headlines about Procore Technologies

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

About Procore Technologies

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.