Procore Technologies (NYSE:PCOR) Releases Earnings Results, Misses Estimates By $0.46 EPS

Procore Technologies (NYSE:PCOR - Get Free Report) posted its quarterly earnings data on Thursday. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.46), Zacks reports. Procore Technologies had a negative return on equity of 2.51% and a negative net margin of 6.59%. The company had revenue of $302.05 million during the quarter, compared to analysts' expectations of $297.72 million. Procore Technologies updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Procore Technologies Trading Up 16.5 %

Shares of NYSE:PCOR traded up $12.38 during trading on Monday, reaching $87.48. The company's stock had a trading volume of 4,580,396 shares, compared to its average volume of 993,712. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.03. Procore Technologies has a 12 month low of $49.46 and a 12 month high of $87.90. The firm's 50 day simple moving average is $77.72 and its two-hundred day simple moving average is $68.73. The stock has a market capitalization of $13.01 billion, a PE ratio of -174.96 and a beta of 0.84.

Insider Activity at Procore Technologies

In other Procore Technologies news, Director Connor Kevin J. O sold 6,410 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $76.77, for a total value of $492,095.70. Following the completion of the sale, the director now owns 1,231,368 shares of the company's stock, valued at $94,532,121.36. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William Fred Fleming, Jr. sold 2,668 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $71.36, for a total transaction of $190,388.48. Following the completion of the sale, the senior vice president now directly owns 72,605 shares of the company's stock, valued at approximately $5,181,092.80. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,656 shares of company stock valued at $8,776,297. Insiders own 29.00% of the company's stock.

Analyst Ratings Changes

PCOR has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on Procore Technologies from $71.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. UBS Group increased their price target on Procore Technologies from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday. Mizuho increased their price target on Procore Technologies from $65.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. Barclays increased their price target on Procore Technologies from $84.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on Procore Technologies from $85.00 to $92.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Procore Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $89.65.

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.