Procore Technologies Inc (PCOR)

Procore Technologies's stock price has experienced fluctuations influenced by various factors over the past six months. In November 2025, the stock saw a jump following comments about a potential interest rate cut, but also experienced a drop due to concerns about an AI bubble. Procore reported Q3 2025 revenue of $338.9 million, exceeding estimates, leading to a slight increase in the stock price. As of November 25, 2025, the stock was down 0.86% over the past 30 days and down 7.98% for the past 12 months. In February 2025, the stock rallied sharply from a 52-week low, hitting a new 52-week high in late March 2025, propelled by a better-than-expected Q4 2024 earnings report. In May 2025, Procore shares were on a downswing after the company released its Q1 2025 results.

Historically, the second half of the year tends to offer better seasonality for Procore's business. However, the company's demand has been impacted by macroeconomic headwinds, such as high interest rates and stubborn inflation. Despite these challenges, Procore has demonstrated resilient demand and positive signs from its go-to-market transition in Q1 FY2025. Analysts anticipate some demand headwinds for its products and services over the next 12 months.

Procore Technologies, Inc. is a global provider of cloud-based construction management software. Its platform connects stakeholders in the construction industry, streamlining workflows, enhancing collaboration, and improving productivity. Procore offers solutions for preconstruction, project management, workforce management, and financial management. The company has integrated AI into its platform with tools like Procore Copilot and AI Agents.

Procore Technologies has a global presence, serving clients in over 125 countries. Its headquarters are in Carpinteria, California, U.S. The company has expanded its international footprint with offices across North America, Europe, Middle East, Asia, North Africa, and Asia-Pacific.

Procore Technologies maintains a strong brand reputation, built on its commitment to innovation, customer success, and a deep understanding of the construction industry. The company is recognized as a trusted partner and a driving force behind digital transformation in construction. A notable event was the announcement of new AI innovations, including Procore Artificial Intelligence and AI Agents, at its Groundbreak 2025 conference.

Procore Technologies, Inc. is primarily owned by institutional shareholders, who hold approximately 73% of the company, with insiders holding around 63.18%. Major institutional owners include ICONIQ Capital, LLC, Vanguard Group Inc, Morgan Stanley, and BlackRock, Inc. Among individual and insider owners, Iconiq Strategic Partners III LP is the largest, owning 48.55 million shares, representing 31.23% of the company.