Hsbc Holdings PLC Increases Stock Holdings in Procore Technologies, Inc. $PCOR

Hsbc Holdings PLC increased its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 258.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 16,395 shares of the company’s stock after acquiring an additional 11,823 shares during the period. Hsbc Holdings PLC’s holdings in Procore Technologies were worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PCOR. SJS Investment Consulting Inc. raised its stake in shares of Procore Technologies by 7,100.0% during the first quarter. SJS Investment Consulting Inc. now owns 432 shares of the company’s stock valued at $25,000 after purchasing an additional 426 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Procore Technologies in the third quarter valued at $34,000. V Square Quantitative Management LLC purchased a new position in shares of Procore Technologies in the fourth quarter valued at $41,000. Allworth Financial LP grew its holdings in Procore Technologies by 48.2% during the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after purchasing an additional 204 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Procore Technologies during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies Price Performance

PCOR opened at $50.15 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $44.55 and its 200 day moving average price is $52.02. Procore Technologies, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $82.32. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of -98.33 and a beta of 0.75.

Procore Technologies (NYSE:PCOR) last posted its earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The company had revenue of $375.21 million during the quarter, compared to analyst estimates of $365.82 million. Procore Technologies had a negative return on equity of 2.24% and a negative net margin of 5.61%.The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, sell-side analysts expect that Procore Technologies, Inc. will post 0.06 earnings per share for the current year.

Key Procore Technologies News

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q2 results exceeded expectations: Procore reported adjusted earnings of $0.47 per share, above the $0.41 consensus estimate and up from $0.35 a year earlier. Revenue rose 15.8% year over year to approximately $375.2 million, ahead of analyst expectations. Procore Technologies Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Cash flow strengthened significantly: Operating cash flow increased 185% to $87.9 million, while cash and equivalents reached $494.4 million. Gross profit also climbed 17% to $299.8 million, supporting the view that Procore continues to generate healthy software margins. Procore Q2 2026 Earnings and Strong Cash Flow
• Positive Sentiment: DroneDeploy acquisition expands Procore’s platform: Procore agreed to acquire the robotics and visual-intelligence company for approximately $845 million in cash. The deal could enhance Procore’s artificial-intelligence and jobsite capabilities and broaden its construction technology offering. Procore to Acquire DroneDeploy
• Neutral Sentiment: Q3 outlook was broadly in line: Procore guided for revenue of $382 million to $384 million, compared with the $382.6 million consensus estimate. The guidance does not signal a major near-term acceleration but suggests continued double-digit growth.
• Negative Sentiment: Profitability remains mixed: Operating income fell sharply from the prior year, and net income attributable to common shareholders declined to $16.9 million. The all-cash DroneDeploy purchase also creates integration and capital-allocation risks.
• Negative Sentiment: Insider selling may weigh on sentiment: Company insiders recorded 35 sales and no purchases during the past six months, including substantial sales by senior executives.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PCOR shares. The Goldman Sachs Group dropped their price target on shares of Procore Technologies from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Piper Sandler decreased their price objective on shares of Procore Technologies from $79.00 to $71.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Jefferies Financial Group lowered their target price on Procore Technologies from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Procore Technologies in a research report on Monday, July 6th. Finally, TD Cowen cut their price target on Procore Technologies from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.59.

Insiders Place Their Bets

In related news, Director Connor Kevin J. O sold 5,769 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $41.93, for a total value of $241,894.17. Following the sale, the director owned 967,901 shares of the company’s stock, valued at $40,584,088.93. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of Procore Technologies stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $43.90, for a total transaction of $2,463,755.80. Following the completion of the sale, the chairman owned 919,704 shares in the company, valued at approximately $40,375,005.60. This represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 189,621 shares of company stock valued at $8,791,847 over the last three months. Company insiders own 16.80% of the company’s stock.

Procore Technologies Company Profile

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.