Procore Technologies Inc (PCOR)

Procore Technologies' stock price experienced fluctuations in the past six months. In November 2025, shares fell to a 52-week low due to challenging economic conditions, but rallied to a 52-week high in late March 2026 after a better-than-expected Q4 2025 earnings report. Despite Q1 2026 revenue beating estimates, adjusted EPS missed expectations, leading to a stock price drop. As of May 7, 2026, Procore's stock price was $53.51, representing a decrease of 26.8% year-to-date. The appointment of an AI expert to Procore's Board of Directors in early May 2026 drew attention to potential AI integration.

Procore Technologies' business experiences some demand seasonality, with the second half of the year historically offering better performance. The company has faced macro headwinds, such as high interest rates and inflation, leading to a slowdown in demand. Despite these challenges, Procore is considered well-positioned to benefit from the ongoing digitalization of the construction industry.

Procore Technologies, Inc. is a global provider of cloud-based construction management software, connecting stakeholders in the construction industry. The company operates in the Technology Services sector, specifically in Application Software and Packaged Software industries, and is recognized within the Construction Technology and Real Estate Technology verticals. Procore generates revenue through subscriptions for its cloud-based SaaS construction management platform, offering solutions for preconstruction, project execution, workforce management, financial management, and construction intelligence.

Procore Technologies is headquartered in Carpinteria, California, and has a significant global presence. The company has expanded its operations across North America, with offices throughout the US and Canada. Internationally, Procore has established hubs in Europe, the Middle East, Asia, and North Africa (EMEA/MENA), including offices in London, Dublin, Paris, Dubai, and Cairo. In the Asia-Pacific (APAC) region, Procore has offices in Sydney, Australia, and India. Procore's products are used by customers in over 160 countries.

Procore Technologies has a strong brand reputation as a leading provider of cloud-based construction management software. The company is committed to advancing the construction industry through technology innovation and fostering a global community. Procore's focus on innovation includes the development of AI-driven solutions. The appointment of an AI expert to its Board of Directors highlights its commitment to innovation. Procore engages in philanthropy through Procore.org, positively contributing to its brand image.

Procore Technologies' ownership is primarily dominated by institutional investors, who hold approximately 85.24% of the shares. Major institutional owners include ICONIQ Capital, LLC, Vanguard Group Inc, and Morgan Stanley. Individual and insider ownership accounts for approximately 10.29% of the shares, including key shareholders such as ICONIQ Strategic Partners III LP, Divesh Makan, and Craig 'Tooey' Courtemanche Jr.