Procore Technologies Inc (PCOR)

Procore's stock has been impacted by several events in the past six months. In Q3 2025, Procore announced financial results that surpassed expectations. Analyst ratings and price targets were adjusted, with some firms raising targets and others lowering them. Procore acquired Datagrid to enhance its AI strategy and data integration capabilities. Procore for Government achieved FedRAMP Moderate Authorization. Procore announced the date for its Q4 2025 financial results announcement.

The demand for Procore's services can be indirectly influenced by the seasonality of the construction industry. Construction activity often experiences seasonal trends, particularly during winter in certain regions. This seasonality could lead to fluctuations in the adoption and usage of construction management software. However, Procore's platform aims to drive efficiency and risk management, which can be valuable in all economic and seasonal conditions.

Procore Technologies, Inc. is a global leader in cloud-based construction management software, operating within the Information Technology sector. It offers a unified platform to streamline workflows, provide real-time visibility, offer advanced analytics, and support collaboration across construction project stages. Its major product categories include preconstruction, project execution, workforce management, financial management, and construction intelligence. The platform supports third-party integrations and incorporates AI capabilities like Procore Copilot and AI Agents.

Procore Technologies has a significant global presence, headquartered in Carpinteria, California, with offices across North America, Europe, the Middle East, Asia, North Africa, and Costa Rica. As of May 2021, it served over 10,000 customers and more than 2 million users in over 150 countries.

Procore maintains a strong brand reputation as a leading vendor in the construction software market. The company is recognized for its commitment to advancing the construction industry through technology innovation and building a global community. The achievement of FedRAMP Moderate Authorization enhances its credibility in the public sector. The acquisition of Datagrid and focus on AI solidifies its position as an innovator. Procore actively promotes diversity and inclusion through initiatives like its "Women in Construction" program and hosts events like Groundbreak.

Procore Technologies, Inc. has significant institutional ownership, with 701 institutional owners holding a total of 167,215,621 shares. Major institutional shareholders include ICONIQ Capital, LLC, Vanguard Group Inc., Morgan Stanley, BlackRock, Inc., Alliancebernstein L.p., Wasatch Advisors Inc, Principal Financial Group Inc, and Assenagon Asset Management S.A. Individual insiders who own company stock include the founder and Chairman of the Board, Craig F. Courtemanche Jr., and Divesh Makan, among others.