Procore Technologies, Inc. $PCOR Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in shares of Procore Technologies, Inc. (NYSE:PCOR) by 258.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,395 shares of the company’s stock after acquiring an additional 11,823 shares during the quarter. Hsbc Holdings PLC’s holdings in Procore Technologies were worth $933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PCOR. SJS Investment Consulting Inc. increased its holdings 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 bought a new stake in shares of Procore Technologies during the third quarter valued at about $34,000. V Square Quantitative Management LLC acquired a new stake in Procore Technologies in the fourth quarter worth about $41,000. Allworth Financial LP lifted its holdings in Procore Technologies by 48.2% in the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after purchasing an additional 204 shares during the period. Finally, Employees Retirement System of Texas bought a new position in Procore Technologies in the 4th quarter valued at about $54,000. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on PCOR shares. Piper Sandler dropped their price target on shares of Procore Technologies from $79.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. TD Cowen lowered their price objective on shares of Procore Technologies from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. UBS Group lowered their price objective on shares of Procore Technologies from $74.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Jefferies Financial Group dropped their target price on Procore Technologies from $95.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Finally, Guggenheim began coverage on Procore Technologies in a research report on Thursday, July 23rd. They issued a “buy” rating and a $68.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Procore Technologies has an average rating of “Moderate Buy” and an average target price of $69.59.

Insider Buying and Selling

In other Procore Technologies news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the business’s stock in a transaction on 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 sale, the chairman directly owned 919,704 shares of the company’s stock, valued at $40,375,005.60. The trade was a 5.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 3,942 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $50.00, for a total value of $197,100.00. Following the completion of the sale, the insider owned 96,723 shares of the company’s stock, valued at $4,836,150. The trade was a 3.92% decrease in their position. 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. In the last 90 days, insiders sold 189,621 shares of company stock valued at $8,791,847. Company insiders own 16.80% of the company’s stock.

Procore Technologies Price Performance

PCOR stock opened at $50.15 on Thursday. Procore Technologies, Inc. has a one year low of $38.03 and a one year high of $82.32. The firm has a 50-day moving average of $44.55 and a two-hundred day moving average of $52.02. The firm has a market capitalization of $7.57 billion, a PE ratio of -98.33 and a beta of 0.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last released its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. Procore Technologies had a negative net margin of 5.61% and a negative return on equity of 2.24%. The business had revenue of $375.21 million for the quarter, compared to the consensus estimate of $365.82 million. During the same period last year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, analysts forecast 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.

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.