Procore Technologies (NYSE:PCOR) Rating Lowered to “Hold” at Wall Street Zen

Procore Technologies (NYSE:PCOR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also issued reports on the stock. KeyCorp cut their price target on shares of Procore Technologies from $91.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. The Goldman Sachs Group cut their target price on shares of Procore Technologies from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Piper Sandler reduced their target price on shares of Procore Technologies from $91.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday. TD Cowen lifted their target price on Procore Technologies from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday. Finally, Canaccord Genuity Group decreased their target price on Procore Technologies from $90.00 to $72.00 and set a “buy” rating for the company in a report on Friday. Seventeen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Procore Technologies currently has an average rating of “Moderate Buy” and an average target price of $76.95.

Procore Technologies Stock Performance

Shares of PCOR stock opened at $52.41 on Friday. The firm’s 50 day moving average price is $67.18 and its 200-day moving average price is $69.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.33. Procore Technologies has a one year low of $46.08 and a one year high of $88.92. The firm has a market cap of $8.15 billion, a P/E ratio of -78.23 and a beta of 0.90.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Thursday, February 12th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Procore Technologies had a negative net margin of 7.62% and a negative return on equity of 4.00%. The firm had revenue of $349.11 million during the quarter, compared to the consensus estimate of $340.80 million. During the same quarter last year, the firm earned $0.01 EPS. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts predict that Procore Technologies will post -0.15 EPS for the current year.

Insider Activity at Procore Technologies

In other Procore Technologies news, Chairman Craig F. Jr. Courtemanche sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $71.91, for a total transaction of $21,573,000.00. Following the completion of the sale, the chairman directly owned 677,796 shares of the company’s stock, valued at $48,740,310.36. This represents a 30.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Connor Kevin J. O sold 9,615 shares of Procore Technologies stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $75.13, for a total transaction of $722,374.95. Following the completion of the transaction, the director owned 1,052,519 shares in the company, valued at approximately $79,075,752.47. This trade represents a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 616,392 shares of company stock worth $44,460,801 in the last three months. Company insiders own 21.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Procore Technologies by 23.6% in the third quarter. Versant Capital Management Inc now owns 938 shares of the company’s stock valued at $68,000 after buying an additional 179 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Procore Technologies by 70.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after purchasing an additional 199 shares during the period. Intellectus Partners LLC grew its position in Procore Technologies by 1.6% during the third quarter. Intellectus Partners LLC now owns 12,505 shares of the company’s stock worth $912,000 after buying an additional 200 shares during the period. Chicago Partners Investment Group LLC increased its stake in Procore Technologies by 1.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,685 shares of the company’s stock valued at $1,068,000 after purchasing an additional 202 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Procore Technologies by 48.2% during the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after buying an additional 204 shares during the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Key Procore Technologies News

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.