Sign-up to receive the latest news and ratings for Procore Technologies and its competitors with MarketBeat's FREE daily newsletter. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Receive PCOR Stock News and Ratings via Email. On any given project, there are a number of different stakeholders, each serving their own role. This [IPO]wasn't just about capital. (844) 978-6257. The official website for the company is www.procore.com. Procore builds the software for people who build the world. According to 23 analysts, the average rating for PCOR stock is "Buy." Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. Their PCOR share price forecasts range from $55.00 to $86.00. Procore Technologies, Inc. (1611052) SEC Filing S-1 IPO report for the period ending Saturday, August 29, 2020 . 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. In 2020 alone, Procore generated $400 million in revenue, a 256% increase from three years prior. GitLab is funded by 19 investors. Procores platform connects key project stakeholders to solutions Procore has built specifically for the construction industryfor the owner, the general contractor, and the specialty contractor. PCOR stock opened at $53.14 on Monday. Today, Procore's platformis used by more than 1.6 million construction professionals in more than 125 countries. One technology partner that shares reality-capture photo and video data of construction sites through the Procore platform is StructionSite. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Procore Announces Initial Public Offering; Breaking Ground on the New York Stock Exchange. The New York Stock Exchange is the premier venue for global capital raising, and the exchange of choice for issuers. Headquartered in Carpinteria, California, Procore has offices around the globe. What is Procore Technologies' stock symbol? According to the Procore IPO prospectus, the firm is offering 9,470,000 shares, which will leave more than 128 million shares outstanding. The company initially marketed stock . Sell Personal Information, PDF Format Download (opens in new window), Audio Format Download (opens in new window), Video Format Download (opens in new window), Environmental, Social, & Governance (ESG). Cookie Notice (). 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%). However, there's nuance to this estimate. . , Feb. 10, 2023 /PRNewswire/ -- Five Elms Capital, a leading software investor, announces that Partner Stephanie Schneider has been named to GrowthCap's T Procore Technologies (PCOR) saw its shares surge in the last session with trading volume being higher than average. We're on a mission to connect everyone in construction on a global platform. Procore sold 9.4 million shares at this level to raise approximately $635 million. "As there started to be more clarity and we started to see the world come back, we went back to our original premise of why we were going public.". 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. Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its first quarter fiscal year 2023 financial results after the U.S. financial markets close on Wednesday, May 3, 2023. Ever since Procore launched in 2002, there's been one major . 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. Procore intends to list its common stock on The New York Stock Exchange under the ticker symbol "PCOR." The move comes about a year after Procore filed for an IPO last year, but that effort . Procore Technologies Aims to Digitize Construction. Now sporting a $10.9 billion market cap, the company trades at a price-to-trailing-12-month-revenue of about 28 times. He was a veteran of the first dot-com bubble, living in Santa Barbara, and had spent a decade . EPS $2.68; FactSet consensus $2.50, Johnson & Johnson Q1 loss per share 3 cents vs. EPS $1.93 a year ago, Procore Technologies stock price target raised to $80 from $57 at Mizuho, Procore Technologies stock price target cut to $57 from $70 at Mizuho, Procore Technologies stock price target cut to $95 from $113 at J.P. Morgan, Procore Technologies started at buy with $75 stock price target at Mizuho, Procore Technologies stock price target cut to $85 from $120 at Stifel Nicolaus, Procore Technologies initiated at buy with $100 price target at Stifel. A high percentage of insider ownership can be a sign of company health. 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. Today Procore trades on the New York Stock Exchange under the ticker PCOR. Derek Francis for Analyst Price Forecast Suggests 48.35% Upside As of April 7, 2023, the average one-year price target for Procore Technologies is $77.88. Amyris May be Oversold, but is it Worth Fighting the Shorts? At $67 per share, Procore generated $634.5 million from its IPO. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. How much money does Procore Technologies make? 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. Cost basis and return based on previous market day close. This documentary-style series follows investigative journalists as they uncover the truth. The average of price targets set by Wall Street analysts indicates a potential upside of 31.5% in Procore Technologies (PCOR). contact@marketbeat.com 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. 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. Currently, Procors market capitalization sits at more than $10 billion. Invest better with The Motley Fool. One share of PCOR stock can currently be purchased for approximately $53.14. Controller & Principal Accounting Officer, Exec. . It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. 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. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. The company primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. . Procore Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Press Contact press@procore.com Intraday Data provided by FACTSET and subject to terms of use. To see all exchange delays and terms of use please see Barchart's disclaimer. That's around $20 million more than it expected to raise even at the high end of its initial estimate of $60-$65 per share, and it gives the cloud software company one of the biggest IPOs in the history of the tri-county region. 05/20/21 Barron's Oatly, Procore Technologies IPOs See Big Gains Key Stock Data P/E Ratio (TTM) N/A EPS (TTM). 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. 82.50% of the stock of Procore Technologies is held by institutions. ET by Tomi Kilgore. Subscriber Agreement & Terms of Use | Stock Exchange NYSE. 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. Our mission is to connect everyone in construction on a global platform. That mission, both Lyandres and Courtemanchesaid, is to connectall facets of construction on a global platform to better manage project information from concept to delivery. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Partner Makes GrowthCap List KANSAS CITY, Mo. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. It generated revenues of $113.9 million in Q1 . Founded in 2003 as Courtemanche was going through the experience of building his own home, the fledgling company initially offered to set up WiFi on the sites of its first customers to provide connectivity for project managers to use its cloud services. It appears this IPO has gone better than most investors expect. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. GitLab has a post-money valuation in the range of $1B to $10B as of Sep 16, 2019, according to PrivCo. View all Special Ad Sections Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Procore Technologies, Inc. using our online tools. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. Although Procore didn't hit its intended 2020 IPO date, the yearlong delay may . 2023 Stock Analysis. View the best growth stocks for 2023 here. Written by To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Procore is a leading provider of construction management software. Construction software company Procore raised $634.5 million in its long-awaited initial public offering, debuting on the New York Stock Exchange on Thursday. Procore was set to go public last year but opted to take a private funding round instead due to uncertainty caused by the pandemic. Our daily ratings and market update email newsletter. Take control of construction outcomes, minimize risk, and protect profits with Procore's top-rated construction management platform. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Procore | Construction Management Software Construction Management Software Make it easier to manage construction. In connection with the initial public offering of common stock (the "IPO") of Procore . The offering is expected to close on Monday. The IPO marks Doximity's first financing since 2014, when the company raised $54 million at a $355 million valuation, according to PitchBook. Procore Technologies Inc. has set terms of its initial public offering, which would value the California-based construction management software company up to about $8.3 billion. Procore Technologies had a negative trailing twelve-month return on equity of 20.64% and a negative net margin of 39.84%. Ryan Henderson owns shares of Autodesk. CARPINTERIA, Calif., May 24, 2021 Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced the closing of its initial public offering of 10,410,000 shares of its common stock, including the full exercise by the underwriters of their option to purchase 940,000 additional shares of common stock, at a price to the public of $67.00 per share. Compare Top Brokerages Here. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. Estimated IPO valuation: N/A. Because we want the folks who are looking to hold the stock for 10 plus years.". View which stocks are hot on social media with MarketBeat's trending stocks report. This trend has led to rapid expansion for Procore over the past decade. The company will list its stock on the New York Stock Exchange under the symbol "PCOR" and will begin trading on Thursday. ET, This Software Company Is Taking Construction Into the Digital Age, Procore Just Delivered Another Quarter of Growth: Here's What Shareholders Need to Know, Here's Why Construction Platform Procore Just Made A $500 Million Acquisition, This Recent IPO's Product Suite is Revolutionizing the Stodgy Construction Industry. We promise to treat your data with respect and will not share your information with any third party. acted as co-managers for the proposed offering. Procore has raised an additional $150 million in private . Investors in the PCOR stock IPO have done quite well for themselves thus far. It had marketed the shares for $60 to $65, an exchange filing showed. With that extra year of operations under the company's belt, let's look at the business model as it now stands and see whether Procore deserves its public valuation and if it might be a stock to consider adding to your portfolio. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Create a list of the investments you want to track. Procore Technologies Stock Up 1.2 %. 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 . By Brian Feinstein 5.17.21 VERTICAL SOFTWARE. "If that is not the type of company that you are trying to align with, then we are not the company for you to invest in today. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The initial public offering raised $634. There's just so much opportunity here.". Instead of going forward with the IPO in the midst of market uncertainties, the company. "We are thinking about the investments we make today and how they pay off over the next five, 10 years," Lyandres says. Who are Procore Technologies' major shareholders? The shares are listed for trading on the New York Stock Exchange under the ticker symbol PCOR.. See what's happening in the market right now with MarketBeat's real-time news feed. Procore Technologies shares (PCOR) are listed on the NYSE and all prices are listed in US Dollars. ETFs with the largest weight of Procore Technologies (NYSE:PCOR) stock in their portfolio include WisdomTree Cloud Computing Fund (WCLD), Global X Founder-Run Companies ETF (BOSS), Renaissance IPO ETF (IPO), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Nuveen Global Net Zero Transition ETF (NTZG), Harbor Disruptive Innovation ETF (INNO) and SPDRS&PSoftware & Services ETF (XSW). 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