Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. In this webinar, you'll hear real project stories and proven data analytics strategies using real-time dashboards and reports that continuously improve how they build, operate and compete. 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. The initial public offering raised $634. Sign up for a free trial to view exact valuation and search companies with . Procore Technologies, Inc., a provider of construction management software, filed its SEC S-1 form on February 28th, 2020. Copyright 2023. The company will list its stock on the New York Stock Exchange under the symbol "PCOR" and will begin trading on Thursday. 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 Management, 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. The company sold 9.47 million shares for $67 each, according to a press release Thursday. By closing this message or continuing to use our site, you agree to the use of cookies. Based on this price range, the Procore IPO. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. The company issued 9,500,000 shares at $60.00-$65.00 per share. Shares of PCOR stock can be purchased through any online brokerage account. TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Houle Electric Ltd. has selected Procore Techno CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Olga Kibler as its chief people officer, CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the winners of the 2022 Groundbreaker Aw Procore Technologies (PCOR) delivered earnings and revenue surprises of 47.06% and 6.44%, respectively, for the quarter ended September 2022. Founded in 2002, Procore offers its cloud-based construction management software to more than 1.6 million users in over 125 countries. Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. 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 pandemic. Losses were -$286.93 million, 8.21% more than in 2021. Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. Hear the latest economic, business and market news, as well as global, national, and local news. Procore Technologies (PCOR) JMP Securities analyst Joe Goodwin maintained a Buy rating on Procore Technologies today and set a price target of $75.00. The consensus among Wall Street research analysts is that investors should "buy" PCOR shares. Buy Procore Technologies Stocks. Log in to see them here or sign up to get started. We partner with schools and trade unions. In conjunction with this announcement, Procore will host a conference call on Wednesday, May 3, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. The firm purchased 5,006 shares of the company's stock, valued at approximately $236,000. Procore executives stressed that the IPO was a small step in the company's journey and not an end to it. Currently, Procore estimates its total addressable market at roughly $9.4 billion per year. The company will trade on the NYSE under the symbol "PCOR.". Making the world smarter, happier, and richer. [Read more]. Headquartered in Carpinteria, California, Procore has offices around the globe. The company sold 9.47. PNC Financial Services Group Inc. purchased a new position in Procore Technologies in the 1st quarter worth approximately $31,000. American Consumer News, LLC dba MarketBeat 2010-2023. Get short term trading ideas from the MarketBeat Idea Engine. 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. "When we paused last year, we wanted to make sure that our employees were safe, that we could lean in and support the [construction]industry, help it work through and navigate what was going to be a very uncertain time," Procore CFO Paul Lyandres said during a phone interview with ENR shortly after trading opened. Press Contact press@procore.com IPO Date May 20, 2021. 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. Join These Motley Fool Investors for "The Market Cap Game Show", Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2023, Chief Data Officer of Procore Technologies Makes $447K Sale, Insiders Selling American Airlines, Costco Wholesale And 2 Other Stocks, 2 Supercharged Tech Stocks to Buy Without Any Hesitation, Analyst Expectations for Procore Technologies's Future, 12 Information Technology Stocks Moving In Monday's Pre-Market Session, 12 Information Technology Stocks Moving In Friday's Pre-Market Session, JMP Securities Sticks to Its Buy Rating for Procore Technologies (PCOR), Procore Technologies (PCOR) Receives a Buy from Oppenheimer, Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates, Earnings Outlook For Procore Technologies. It generates revenue through subscriptions for access to its software products. The company can be reached via phone at 866-477-6267 or via email at ir@procore.com. Procore Technologies (PCOR) Soars 5.9%: Is Further Upside Left in the Stock? 05/20/21 Barron's Oatly, Procore Technologies IPOs See Big Gains Key Stock Data P/E Ratio (TTM) N/A EPS (TTM). The 12-month stock price forecast is $77.88, which is an increase of 46.56% from the latest price. The company reported a 27 percent year-over-year increase in revenue to $122.8 million in the second quarter of 2021 with gross margins of . The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.02. This documentary-style series follows investigative journalists as they uncover the truth. That gives Procore, which was valued at $5 billion in a private funding. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. And now we get to see what the market actually thinks. You must click the activation link in order to complete your subscription. As Procore was gearing up for its public offering, shares were expected to trade between $60 and $65, finally debuting at $67 a share. Their stock opened with $77.00 in its Oct 14, 2021 IPO. Procore Technologies, Inc. (1611052) SEC Filing S-1 IPO report for the period ending Saturday, August 29, 2020 . In fact, in 2020, Procore spent roughly 78% of its revenue on expenses related to sales and marketing or research and development. View which stocks are hot on social media with MarketBeat's trending stocks report. This is where Procore comes in. Procore Technologies employs 3,568 staff and has a trailing 12-month revenue of around $720.2 million. Procore Technologies ( PCOR -0.40%), the construction management and workflow platform, completed its IPO on the New York Stock Exchange on Thursday, and its shares got a nice first-day jump. . The Motley Fool recommends Coupang, Inc. In 2020, it was $400 million. For the best MarketWatch.com experience, please update to a modern browser. IPO Roadshow Slides June 21, 2021 View this Presentation PDF Format Download (opens in new window) PDF 10.89 MB Listen to this Presentation Audio Format Download (opens in new window) Watch this Presentation Video Format Download (opens in new window) View this Presentation PDF Format Download (opens in new window) 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 . He also wrote about materials prices, construction procurement and estimation for MetalMiner.com. What is Procore Technologies' stock symbol? What Investors Need to Know About the PCOR Stock IPO The Procore IPO was initially priced at $67 per share. Procore has set an IPO date of May 20 2021. One of the companies she launched . Oatly, the first to open, saw its shares rise nearly 19%, while Procore's stock gained 31.3%. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Our mission is to connect everyone in construction on a global platform. The company initially filed to go public in 2019, with plans to launch the IPO in 2020, but delayed the offering due to the coronavirus pandemic. This trend has led to rapid expansion for Procore over the past decade. 82.50% of the stock of Procore Technologies is held by institutions. They also acknowledged the still daunting task of connecting so many still disparate systems to better manage information and move construction forward. The technology startup and its. These symbols will be available throughout the site during your session. The company is looking to raise up to $615. Top 5 4th Quarter Trades of HARBOURVEST PARTNERS LLC. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, 3 Dividend Stocks with a Yield Above 5% That Are on Sale Now, Charles Schwab's Recovery Just Shifted Gears, Digital Realty Offers Growth and Income with a Wide Moat, These 2 Fabless Chip Stocks Are Among The Market's Top Performers, Why State Street Stock Is Sliding After Announcing Earnings, The Top 2 Chip Stocks Going Into Earnings Season, Here are 2 Top Drug Makers Leading the Way in Weight Loss Drugs, Why Restaurant Stocks are the Stocks to Buy Right Now, SVP, Corp. SaaSProcore Technologies8000 PROCORE400 With construction being one of the least digitized industries in the world, it's no surprise that management is spending lots of money on sales and marketing as it goes after a huge base of potential customers. High institutional ownership can be a signal of strong market trust in this company. What impact does your firm expect from future IIJA funding? Since then, PCOR stock has increased by 12.6% and is now trading at $53.14. Create a list of the investments you want to track. On Monday May 10, Procore announced that it would sell 9.47 million shares in its IPO, with a price range of $60-$65 per share. Amyris May be Oversold, but is it Worth Fighting the Shorts? As part of the offering, Doximity reserved 15% of the. The IPO marks Doximity's first financing since 2014, when the company raised $54 million at a $355 million valuation, according to PitchBook. One technology partner that shares reality-capture photo and video data of construction sites through the Procore platform is StructionSite. All Rights Reserved BNP Media. How much money does Procore Technologies make? 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. Although Procore should be profitable at scale (management is shooting for a 20% operating margin) and the company seems to have a long runway for growth, that kind of valuation is a hefty price to pay. The. 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). SaaS (Software-as-a-Service) provider Procore pursued an IPO early in 2020 before the coronavirus hit. Because we want the folks who are looking to hold the stock for 10 plus years.". Procore is almost 20 years old, but its platform saw very little adoption until roughly 10 years ago. But Procore is not the only company that filed and later put on hold an IPO to get back to work on floating. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The shares are listed for trading on the New York Stock Exchange under the ticker symbol PCOR.. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. The company initially marketed stock . Procore Technologies Aims to Digitize Construction. To see all exchange delays and terms of use please see Barchart's disclaimer. By visiting this website, certain cookies have already been set, which you may delete and block. These different stakeholders are also operating from both the office and the job site simultaneously, so they require a central destination to store files and collaborate. How do I buy shares of Procore Technologies? Archives. The initial public offering raised $634.5 million. What Investors Need to Know About the PCOR Stock IPO The Procore IPO was initially priced at $67 per share. According to 23 analysts, the average rating for PCOR stock is "Buy." What is Procore Technologies' stock price today? The IRS Is Urging Millions of Early Filers to Amend Their Tax Return, 1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million, 2 Stocks That Could Join Apple, Microsoft, Amazon, and Alphabet in the $1 Trillion Club, Prediction: These Will Be 3 of the Biggest Monster Stocks of the Decade, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. When is Procore Technologies' next earnings date? Canaccord Genuity LLC, KeyBanc Capital Markets Inc., Oppenheimer & Co. Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, L.L.C. Export data to Excel for your own analysis. Construction software company Procore raised $634.5 million in its long-awaited initial public offering, debuting on the New York Stock Exchange on Thursday. The company provided EPS guidance of for the period. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Who are Procore Technologies' major shareholders? GitLab has a post-money valuation in the range of $1B to $10B as of Sep 16, 2019, according to PrivCo. 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. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. 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. 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. What guidance has Procore Technologies issued on next quarter's earnings? Price as of April 17, 2023, 10:00 a.m. Buzz-Worthy IPOs Are Still Out There. The $9.4 billion valuation is unchanged from Procore's initial IPO filing. The construction industry is in the early stages of massive digital transformation. Instead, it closed a $150 million funding round that valued the company at $5 billion. The company offers freight listing, matching, and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, electronic toll collection, and energy services. If Procore can grow at 20% in the first 5 years and 15% for the second 5 years, it could reach 3 billion in revenue in 10 years.. Today Procore trades on the New York Stock Exchange under the ticker PCOR. Plus500. Today,Procore Technologies(NYSE:PCOR) began trading publicly. We are home to 75% of all U.S. tech proceeds raised, with companies including Uber, Twitter, Slack and Spotify. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. If you experience any issues with this process, please contact us for further assistance. Procore Technologies updated its first quarter 2023 earnings guidance on Monday, February, 20th. VP, Chief Information & Data Officer. "This [IPO]is a great thing for that.". It really was the need to partner [with investors]. When do you expect states/localities in your area to start advertising Infrastructure Investment and Jobs Act-funded projects? Procore Technologies Inc is a cloud-based construction management software company. The Procore platform connects every project stakeholder to solutions we've built specifically for the construction industryfor the owner, the general contractor, and the specialty contractor. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. This suggests a possible upside of 35.9% from the stock's current price. According to analysts' consensus price target of $72.23, Procore Technologies has a forecasted upside of 35.9% from its current price of $53.14. Procore Technologies, Inc. engages in the development of cloud-based construction management software. For more than 25 years, Stefania Mallett has been a successful technology founder and executive. What ETFs hold Procore Technologies' stock? The top 10 holdings account for 64.03% of the fund's assets. 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. Here are similar public companies: Blade (NASDAQ: BLDE), Fast Radius (NASDAQ: FSRD), Joby Aviation (NYSE: JOBY), Procore Technologies (NYSE: PCOR), Rocket Lab (NASDAQ: RKLB). (PCOR) raised $594 million in an initial public offering on Thursday, May 20th 2021. He is a two-time Jesse H. Neal award winner and multiple ASBPE winner for his tech coverage. The Carpinteria, Calif.-based company had filed for an IPO in early 2020 but postponed the effort due to the COVID-19 pandemic before re-filing a year later. That's a far different outlook from May, when Procore shelved its IPO amid market uncertainty. 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., and Jefferies LLC acted as lead book-running managers for the proposed offering. Procore Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. In-depth profiles and analysis for 20,000 public companies. The company earns $-286,930,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis. 16, 2022 at 7:14 a.m. 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. 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 . One share of PCOR stock can currently be purchased for approximately $53.14. Insiders that own company stock include Benjamin C Singer, Bessemer Venture Partners Viii, Connor Kevin J O, Craig F Jr Courtemanche, Dennis Lyandres, Graham Smith, Iconiq Strategic Partners Vi,, Joy Driscoll Durling, Patricia L Wadors, Paul Lyandres, Sam Crigman, William Fred Fleming Jr, William Fred Fleming, Jr and William JG Griffith. Visit our updated. The average of price targets set by Wall Street analysts indicates a potential upside of 31.5% in Procore Technologies (PCOR). Procore Technologies Stock Up 1.2 %. Sign-up to receive the latest news and ratings for Procore Technologies and its competitors with MarketBeat's FREE daily newsletter. The Procore IPO and stock trading currency will be USD. View PCOR analyst ratings or view top-rated stocks. However, on the first day of trading, demand exceeded expectations and sent the shares up as much as 37% at their high point. Here's everything we know so far: Procore IPO date. Its IPO Gained 31%. Procore's Marketplace has a multitude of partner solutions that integrate seamlessly with Procores platform, giving construction professionals the freedom to connect with what works best for them. CBS News Reports: "It's an entirely new type of weapon." Stock analysis for Procore Technologies Inc (PCOR:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Upgrade to MarketBeat All Access to add more stocks to your watchlist. In 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. . 2023 Stock Analysis. Procore will be going public in May 2021 on the New York Stock Exchange under the stock symbol PCOR. 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. 6309 Carpinteria AvenueCarpinteria, CA 93013. Worthless Degrees Are Creating an Unemployable Generation in India, ChatGPT Can Decode Fed Speak, Predict Stock Moves From Headlines, How a Surge of Sargassum Seaweed Is Changing the Beach Vacation, First Republic Worked Hard to Woo Rich Clients. While the effectiveness of this highly sought-after metric is questionabl CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the release of its 2022 Environmental, S Tooey Courtemanche, Procore CEO, joins 'TechCheck' to discuss what customers are demanding that's different now, whether Procore has been pressured to move to a consumption-based model and more. Get practical advice from speakers at Suffolk Construction, Commodore Builders, and Ryan Companies. This website requires certain cookies to work and uses other cookies to help you have the best experience. On any given project, there are a number of different stakeholders, each serving their own role. Procore is a leading provider of construction management software. Can Procore Technologies (PCOR) Climb 31.5% to Reach the Level Wall Street Analysts Expect? View the best growth stocks for 2023 here. Procor is a provider of cloud-based construction management software. Estimated IPO valuation: N/A. Accordingly, investors are betting on Procors ability to innovate in one of the oldest, largest, and least-digitized industries in the world. The collaboration and efficiencies contractors gain from using Procores technology are driving a tremendous amount of investor interest in PCOR stock today. "That's why we have so many ecosystem partners that we integrate with. "Harnessing that information into intelligent dashboards and predictive analytics helped us pinpoint and support projects that were in crisis rather than supporting all our projects in the same way through COVID-19," Ernst said in a statement. This is due to data indicating the construction industry has begun to recover from the pandemic and the overall size of . Please log in to your account or sign up in order to add this asset to your watchlist. PTEC has a total of 37 holdings and holds stocks. Shares of NYSE:PCOR opened at $53.14 on Monday. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Ryan Henderson owns shares of Autodesk. Ticker Symbol PCOR . Procore's Inaugural Environmental, Social and Governance Report Highlights Commitment to Building a Sustainable Future, Electrical Contractor Houle to Manage Hybrid Workplaces and Distributed Teams with Procore, Procore Appoints Olga Kibler as Chief People Officer, Procore Announces Winners of 2022 Groundbreaker Awards, Procore Launches in Germany to Expand Growth Across Europe, Procore Announces Innovations to Address Challenges Associated with Payments, Preconstruction and Labor Shortage, Procore Technologies (PCOR) Reports Q3 Loss, Tops Revenue Estimates, Procore Announces Third Quarter 2022 Financial Results, PermitFlow Announces their Construction Permit Software Integration on Procore's Marketplace, Dodge Construction Network Identifies Top Business Issues for Specialty Contractors in New Report, Dodge Construction Network's 2022 Top Business Issues for Specialty Contractors Report Identifies Labor Shortage, Supply Chain and Rework as Key Obstacles for Specialty Contractors, Procore Announces Timing of Third Quarter Fiscal Year 2022 Earnings Call. 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. EPS of $10.60 to $10.70 vs. prior $10.45 to $10.65, Johnson & Johnson now sees full-year sales $97.9 bln to $98.9 bln vs. prior guidance of $96.9 bln to $97.9 bln, Johnson & Johnson Q1 sales $24.746 bln vs. $23.426 bln a year ago; FactSet consensus $23.599 bln, Johnson & Johnson Q1 adj. Bear market expert makes new prediction (Ad). Cost basis and return based on previous market day close. 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%). Although Procore didn't hit its intended 2020 IPO date, the yearlong delay may . By providing your email address below, you are providing consent to Procore to send you the requested Investor Email Alert updates. The New York Stock Exchange is the premier venue for global capital raising, and the exchange of choice for issuers.
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