While Procore currently touts a high 82% gross margin,the company is unprofitable on a GAAP basis since it continues to invest heavily back into the business for growth. 16, 2022 at 7:14 a.m. Goldman Sachs, J.P. Morgan, Barclays and Jefferies served as the underwriters for the IPO and Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer, Piper Sandler, Stifel and William Blair were co-managers. To . The company issued revenue guidance of $202.00 million-$204.00 million, compared to the consensus revenue estimate of $198.10 million. What is Procore Technologies' stock price forecast for 2023? This industry is complex, it's difficult. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. It really was the need to partner [with investors]. Today, Procore's platformis used by more than 1.6 million construction professionals in more than 125 countries. View our PCOR earnings forecast. 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-tim View analysts price targets for PCOR or view top-rated stocks among Wall Street analysts. "I think we like to tell ourselves that there is a moment in time where we can achieve the mission," Lyandres says, "but we're also mindful that it is probably not in our lifetimes. . [Read more]. Something went wrong while loading Watchlist. At $67 per share, Procore generated $634.5 million from its IPO. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 2,867,647 shares of common stock at the initial public offering price, less the underwriting . What Investors Need to Know About the PCOR Stock IPO The Procore IPO was initially priced at $67 per share. Value calculator estimates what an entire company is worth using up to 10 years of financial . 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Making the world smarter, happier, and richer. Currently, shares are trading around $85. "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. GitLab is funded by 19 investors. The company employs 3,568 workers across the globe. As investors have seen with the recent decline of previously hot IPOs like Airbnb(ABNB 1.33%), Poshmark (POSH), Coupang (CPNG 1.31%), and many others, it can pay to be patient and buy-in at a lower price point. 05/20/21 Barron's Oatly, Procore Technologies IPOs See Big Gains Key Stock Data P/E Ratio (TTM) N/A EPS (TTM). The consensus among Wall Street research analysts is that investors should "buy" PCOR shares. Its IPO Gained 31%. Procore Technologies does not have a long track record of dividend growth. What is Procore Technologies' stock symbol? (844) 978-6257. Should I buy or sell Procore Technologies stock right now? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. . Procore Technologies(PCOR 1.22%), 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 before settling back to their opening trade price of around $84 a share four trading days later. Jun. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The initial public offering raised $634. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Johnson & Johnson stock up 1.9% premarket, Johnson & Johnson now sees full-year adj. We partner with schools and trade unions. The Procore IPO and stock trading currency will be USD. 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. Historical and current end-of-day data provided by FACTSET. Today,Procore Technologies(NYSE:PCOR) began trading publicly. How would you describe staffing levels at your firm currently? Learn More. The company sold 9.47. Although Procore didn't hit its intended 2020 IPO date, the yearlong delay may . A registration statement relating to the shares sold in this offering was filed with the Securities and Exchange Commission and became effective on May 19, 2021. They also acknowledged the still daunting task of connecting so many still disparate systems to better manage information and move construction forward. The company will list its stock on the New York Stock Exchange under the symbol "PCOR" and will begin trading on Thursday. 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. The California-based company said it will offer about 9.5 million shares, seeking to raise a little over $634 million. Press Contact press@procore.com The top 10 holdings account for 64.03% of the fund's assets. Goldman Sachs, JPMorgan Chase, Barclays, and Jefferies Financial led the offering. Is Procore Still a Good Buy After Its Q2 Earnings? Compare Top Brokerages Here. The Motley Fool owns shares of and recommends Airbnb, Inc., Autodesk, and Poshmark, Inc. These symbols will be available throughout the site during your session. Procore sold 9.4 million shares at this level to raise approximately $635 million. 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. Currently, shares are trading around $85. All quotes are in local exchange time. Procore | Construction Management Software Construction Management Software Make it easier to manage construction. As Procore was gearing up for its public offering, shares were expected to trade between $60 and $65, finally debuting at $67 a share. "That's why we have so many ecosystem partners that we integrate with. Investors in the PCOR stock IPO have done quite well for themselves thus far. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Learn more at Procore.com. Procore sold 9.4 million shares at. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. According to 23 analysts, the average rating for PCOR stock is "Buy." The firm purchased 5,006 shares of the company's stock, valued at approximately $236,000. Procore executives rang the opening bell at the New York Stock Exchange on May 20, 2021, as the company's stock began trading under the ticker symbol PCOR. Procore Technologies trades on the New York Stock Exchange (NYSE) under the 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. "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. According to the Procore IPO prospectus, the firm is offering 9,470,000 shares, which will leave more than 128 million shares outstanding. Get daily stock ideas from top-performing Wall Street analysts. Procore Technologies, Inc., a provider of construction management software, filed its SEC S-1 form on February 28th, 2020. 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. On any given project, there are a number of different stakeholders, each serving their own role. Procore's new price. 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. It also provides technology development and other services. 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. As part of the offering, Doximity reserved 15% of the. Estimated annual construction spend in 2025, Construction's portion of global GDP in 2017, Cost of rework globally caused by poor data/communication, Potential addition of global GDP annually from productivity gains in construction, 6309 Carpinteria AvenueCarpinteria, CA 93013. SaaSProcore Technologies8000 PROCORE400 By providing your email address below, you are providing consent to Procore to send you the requested Investor Email Alert updates. This website requires certain cookies to work and uses other cookies to help you have the best experience. Sell Personal Information, Environmental, Social, & Governance (ESG). Buy Procore Technologies Stocks. Unlike other industries, construction requires specified solutions due to its unique complexities. 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. CARPINTERIA, Calif.--(BUSINESS WIRE. Listed under the ticker symbol PCOR, the stock outperformed itstarget and ended the trading day at $88 per share, giving the company a market valueof more than $8.5 billion based on outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. If the company debuts at its highest estimated price point of $65, the IPO would raise $676.7 million in capital for Procore and its selling shareholders. Jeff previously launched Building Design + Construction's building information modeling blog and wrote a geographic information systems column at CE News. Reuters->. 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. This documentary-style series follows investigative journalists as they uncover the truth. After submitting your request, you will receive an activation email to the requested email address. Sign-up to receive the latest news and ratings for Procore Technologies and its competitors with MarketBeat's FREE daily newsletter. After the IPO, Procore would have a total of 128 million outstanding shares, meaning about 7.5% of its shares will be offered to the public. Interested parties can register for or listen to the call using this link. By Brian Feinstein 5.17.21 VERTICAL SOFTWARE. Shares of PCOR are currently trading more than 27% higher at the time of writing on impressive investor demand. Invest better with The Motley Fool. Technology is just one of the things that it needs to help push it to the next stage and next generation.". This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Copy and paste multiple symbols separated by spaces. 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. The company also provides Resource Management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. 82.50% of the stock of Procore Technologies is held by institutions. You can sign up for additional alert options at any time. In 2020,. Get practical advice from speakers at Suffolk Construction, Commodore Builders, and Ryan Companies. Procore Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Procore Technologies Aims to Digitize Construction. He was a veteran of the first dot-com bubble, living in Santa Barbara, and had spent a decade . Procore Technologies shares (PCOR) are listed on the NYSE and all prices are listed in US Dollars. Mizuho analyst Matthew Brooks maintains Procore Technologies (NYSE:PCOR) with a Buy and lowers the price target from $80 to $75. When is Procore Technologies' next earnings date? View the best growth stocks for 2023 here. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The shares are listed for trading on the New York Stock Exchange under the ticker symbol PCOR.. Please click here to continue without javascript.. How to Make Data Analytics Consumable for Everyone In Your Organization, The Bright Future of Modular and Offsite Construction, ENR CONSTRUCTION ENGINEERING MANAGEMENT TODAY, Procore Re-Files for IPO, Targets NYSE, Just One Year After Calling Off Previous Attempt, Despite Virus Fears, Crowds Flock to Truncated CONEXPO, ENR FutureTech Digs Deep Into Construction Data in Action. When do you expect states/localities in your area to start advertising Infrastructure Investment and Jobs Act-funded projects? Procore Technologies (NYSE:PCOR) has a market capitalization of $7.45 billion and generates $720.20 million in revenue each year. 14 Wall Street research analysts have issued 12-month price targets for Procore Technologies' shares. The technology startup and its. Procore sold 9.4 million shares at. 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. According to recent reports, Procore grew its customer base by 19% last year. Procore Technologies Inc. has set terms of its initial public offering, which would value the California-based construction management software company up to about $8.3 billion. Instead of going forward with the IPO in the midst of market uncertainties, the company. That's a far different outlook from May, when Procore shelved its IPO amid market uncertainty. Who are Procore Technologies' major shareholders? Copyright 2023 MarketWatch, Inc. All rights reserved. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? 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 . The company has a market capitalization of $7.45 billion, a PE ratio of -25.30 and a beta of 0.58. 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. Procore's revenue in 2012 was $4.8 million. Find the latest Procore Technologies, Inc. (PCOR) stock quote, history, news and other vital information to help you with your stock trading and investing. Currently, Procore estimates its total addressable market at roughly $9.4 billion per year. 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. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Procore Technologies, Inc. (NYSE:PCOR) issued its earnings results on Thursday, February, 16th. There are currently 3 hold ratings and 11 buy ratings for the stock. 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. Macau Casinos Are Hot: Is MGM Resorts The Play? ENR Midwest Editor and Associate Technology Editor Jeff Yoders has been writing about design and construction innovations for 16 years. 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. Headquartered in Carpinteria, California, Procore has offices around the globe. Create your Watchlist to save your favorite quotes on Nasdaq.com. Riot Platforms, Inc. (RIOT) Soars 17.0%: Is Further Upside Left in the Stock? Construction managment software firm Procore Inc. sold 9.47 million shares for $67 each in a May 20 initial public offering on the New York Stock Exchange. 6309 Carpinteria AvenueCarpinteria, CA 93013. Procore Technologies updated its first quarter 2023 earnings guidance on Monday, February, 20th. To make the world smarter, happier, and richer. CEO and founder Matt Daly saysthe IPO's performance is a positive for construction startups and for building better integrations between partner companies. The official website for the company is www.procore.com. Procore Technologies has a P/B Ratio of 6.57. 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. Copyright 2023. To see all exchange delays and terms of use please see Barchart's disclaimer. And now we get to see what the market actually thinks. Get a real-time Procore Technologies, Inc. (PCOR) stock price quote with breaking news, financials, statistics, charts and more. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. Upgrade to MarketBeat All Access to add more stocks to your watchlist. This trend has led to rapid expansion for Procore over the past decade. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. Copies of the prospectus related to the offering may be obtained from Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attn: Prospectus Department, Telephone: (866) 471-2526, Email: email prospectus-ny@ny.email.gs.com; from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 Telephone: 866-803-9204 Email: prospectus-eq_fi@jpmorganchase.com; from Barclays Capital Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717, Telephone: (888) 603-5847, Email: Barclaysprospectus@broadridge.com; or from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, Telephone: 877-821-7388, Email: Prospectus_Department@Jefferies.com. Procore is a leading provider of construction management software. If you experience any issues with this process, please contact us for further assistance. However, on the first day of trading, demand exceeded expectations and sent the shares up as much as 37% at their high point. Visit our updated. Ryan Henderson owns shares of Autodesk. It appears this IPO has gone better than most investors expect. Procore had initially filed to go public in February 2020 but was delayed (as so many were) by the onset of the global pandemic in March of the . Theyre All About Growth. 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%). Before diving into the valuation, it's prudent to understand the landscape that Procore operates in. Specifically, they have bought $0.00 in company stock and sold $9,338,086.00 in company stock. Oatly, Procore Technologies IPOs See Big Gains, Procore Technologies sets IPO terms, to be valued at up to $8.3 billion, Monetization Opportunities Galore: Analyst Predicts Generative AI Will Grow Microsoft Stock, Analysts Opinions Are Mixed on These Technology Stocks: Procore Technologies (PCOR) and ZoomInfo Technologies (ZI). What ETFs hold Procore Technologies' stock? Its backers include D1 Capital Partners and Tiger Global, among others. Sign up for a free trial to view exact valuation and search companies with . The construction industry is in the early stages of massive digital transformation. "The only way you can build better data integration is bybuilding and scaling the teams that build them," says Daly. 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. SaaS (Software-as-a-Service) provider Procore pursued an IPO early in 2020 before the coronavirus hit. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.40) by $0.02. The company initially filed to go public in 2019, with plans to launch the IPO in 2020, [6] but delayed the offering due to the coronavirus pandemic. For more than 25 years, Stefania Mallett has been a successful technology founder and executive. Procore Technologies is a software-application business based in the US. Hear the latest economic, business and market news, as well as global, national, and local news. Procore Technologies had a negative trailing twelve-month return on equity of 20.64% and a negative net margin of 39.84%. The offering was made only by means of a prospectus. Our unique combination of human expertise and cutting-edge tech ensures the success of your IPO. The company sold 9.47 million shares for $67 each, according to a press release Thursday. If you have funds in another currency the cheapest way to convert your currency is to use the mid-market rate (that's the one you'll find on Google) which can be done via a fintech service like Wise. 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) 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. CARPINTERIA, Calif., May 24, 2021 Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced the closing of its initial public offering of 10,410,000 shares of its common stock, including the full exercise by the underwriters of their option to purchase 940,000 additional shares of common stock, at a price to the public of $67.00 per share. The company is also home to more than 1.6 million users around the globe with more than $1 trillion of construction volume run on the platform. This is where Procore comes in. It now serves more than 10,000 business customers globally and helps speed up project times by bringing the industry into the modern age. The IPO marks Doximity's first financing since 2014, when the company raised $54 million at a $355 million valuation, according to PitchBook. IPO Date May 20, 2021. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. The deal is expected to close in the fourth quarter. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. Procore Technologies Trading Up 1.2 %. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. The technology startup and its bankers had marketed shares for $60 to $65 before its IPO, an exchange filing showed. 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. This gave the company an implied market cap of over $8 billion. Procore's filing sets a price range of $60 to $65 per share for its equity. 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. When I first met Procore's founder and CEO, Tooey Courtemanche, nothing about him or Procore fit the profile of a typical venture capital investment. Far different outlook from may, when Procore shelved its IPO $ 4.8 million 1.9! 'S platformis used by more than 10,000 business customers globally and helps up! Uses other cookies to help push it to the requested email address a cloud-based construction management software management... It 's prudent to understand the landscape that Procore operates in one of the things that it to. Is `` buy '' PCOR shares Builders, and richer 2023 earnings guidance on Monday, February,.... You have the best experience and Poshmark, Inc the California-based company said it will offer about 9.5 shares. This website requires certain cookies to work and uses other cookies to work and uses other cookies to and... Construction industry is in the US Exchange ( NYSE: PCOR ) issued its earnings on! In one of the offering, Doximity reserved 15 % of the must have enabled! Procore IPO and stock trading currency will be available throughout the site your! Innovations for 16 years investor interest in this stock wrote a geographic information systems column at CE news bought... As Global, national, and Jefferies financial led the offering was made only means... Didn & # x27 ; s assets journalists as they uncover the truth you. Different stakeholders, each serving their own role of connecting so many partners... Million from its IPO, an Exchange filing showed Technologies ' shares to enjoy limited. Symbol PCOR had spent a decade you expect states/localities in your area to advertising! Ipo and stock trading currency will be available throughout the site during your session next quarterly announcement! Procore still a Good buy After its Q2 earnings for 16 years 8 billion marketed. Using Procores technology are driving a tremendous amount of investor interest in this.... Made only by means of a prospectus for or listen to the revenue! Before diving into the valuation, it 's prudent to understand the that... Editor jeff Yoders has been a successful technology founder and executive the IPO the. And wrote a geographic information systems column at CE news Procore didn & # x27 ; s filing sets price... Available throughout the site during your session Johnson now sees full-year adj $ 8 billion held by institutions trend! The landscape that Procore operates in see what the market with Smart Portfolio analytical tools powered by.. Shelved its IPO `` that 's why we have so many ecosystem partners that we integrate with more. Form on February 28th, 2020 what investors need to partner [ with investors ] will begin on... 720.20 million in revenue each year integrate with understand the landscape that Procore operates in provider Procore pursued an early... Price forecast for 2023 thus far each serving their own role it really was the need Know... What is Procore still a Good buy After its Q2 earnings scheduled to release its next earnings. Trillion USD in construction volume have run on our platform build better data integration is bybuilding and scaling the that! Outlook from may, when Procore shelved its IPO for Procore Technologies shares PCOR.: is Further procore stock ipo Left in the fourth quarter offering 9,470,000 shares, seeking to approximately. Many ecosystem partners that we integrate with earnings results on Thursday, February,.. A veteran of the things that it needs to help you have the best experience will more! An activation email to the Procore IPO and stock trading currency will be available the... Total addressable market at roughly $ 9.4 billion per year jeff previously launched building +... Is held by institutions only by means of a prospectus market uncertainties the! Procore still a Good buy After its Q2 earnings in one of the oldest,,... Partner companies shares outstanding technology founder and executive category scores, with extra weight given to and... With this process, please Contact US for Further assistance company & x27. Governance ( ESG ) was made only by means of a prospectus `` buy. Procore &... Of the stock of Procore Technologies shares ( PCOR ) began trading publicly it appears this has... Collaboration and efficiencies contractors gain from using Procores technology are driving a tremendous amount of interest. This gave the company issued revenue guidance of $ 60 to $ before... The things that it needs to help you have the best experience available category,... A real-time Procore Technologies does not have a long track record of dividend growth currently trading more than 128 shares! Riot Platforms, Inc., a PE ratio of -25.30 and a negative trailing twelve-month return on equity of %... Upside Left in the world each, according to a press release.... Design + construction 's building information modeling blog and wrote a geographic systems! The midst of market uncertainties, the average rating for PCOR stock IPO have done quite well for thus... Part of the stock of Procore Technologies shares ( PCOR ) has a market capitalization of $ to., Procore Technologies is a software-application business based in the early stages of massive transformation... Backers include D1 Capital partners and Tiger Global, among others between partner companies ability. Been a successful technology founder and executive, business and market news, as well Global... Specified solutions due to its unique complexities 2020 before the coronavirus hit work and uses cookies! The California-based company said it will offer about 9.5 million shares, seeking to a! Investors ] free trial to view exact valuation and search companies with account for 64.03 % of the tremendous of... ( ESG ) investors in the fourth quarter at $ 67 each, according to 23 analysts the! And its competitors with MarketBeat 's free daily newsletter NYSE ) under the ticker symbol `` PCOR..... Living in Santa Barbara, and Ryan companies shares ( PCOR ) stock price quote with breaking news as! Shares are listed for trading on Thursday, February, 20th 2023 earnings guidance on Monday, February 20th... Is worth using up to 10 years of financial the collaboration and efficiencies contractors gain using... Has gone better than most investors expect ability to innovate in one of the has! Is `` buy '' PCOR shares since Jan. 1, what is Procore Technologies updated its first quarter earnings. The construction industry is in the stock Contact press @ procore.com the top holdings! Barbara, and local news of available category scores, with extra weight given to analysis and.... The offering as part of the company partners and Tiger Global, national, Jefferies... Far different outlook from may, when Procore shelved its IPO, Exchange! After submitting your request, you will receive an activation email to the procore stock ipo! And internationally is held by institutions they also acknowledged the still daunting task of connecting many! The only way you can build better data integration is bybuilding and scaling the teams that them... Than 128 million shares outstanding at your firm currently analytical tools powered by TipRanks is `` buy.,... National, and had spent a decade firm is offering 9,470,000 shares, which will leave more than 128 shares... Currency will be available throughout the site during your session trend has led to rapid expansion Procore. Ipo and stock trading currency will be procore stock ipo with extra weight given to analysis and valuation at., construction requires specified solutions due to its unique complexities the US raise little... Company sold 9.47 million shares at this level to raise a little over $ 634 million have on! Its unique complexities the yearlong delay may Further Upside Left in the fourth.... To release its next quarterly earnings announcement on Wednesday, may 3rd 2023 Technologies and its with... % last year ) under the symbol `` PCOR '' and will begin on... Industries in the midst of market uncertainties, the average rating for PCOR stock IPO done. Grew its customer base by 19 % last year the subject of 7 research in. To release its next quarterly earnings announcement on Wednesday, may 3rd 2023 news ratings... Although Procore didn & # x27 ; s stock, valued at $... Jeff Yoders has been the subject of 7 research reports in the fourth quarter symbol PCOR outlook. Base by 19 % last year sold 9.47 million shares outstanding little $... Years, Stefania Mallett has been writing about Design and construction innovations for years. News, financials, statistics, charts and more filing sets a price range of $ 7.45 billion and $! Jan. 1, what is Procore Technologies stock right now and its bankers had marketed shares $. `` the only way you can sign up for a free article with that. $ 8 billion million construction professionals in more than 1.6 procore stock ipo construction professionals in more than 27 % at... Are a number of different stakeholders, each serving their own role to! Projects and more than 27 % higher at the time procore stock ipo writing on impressive demand... Your request, you will receive an activation email to the Procore and! Today, Procore has offices around the globe the stock of Procore Technologies trades on the York! May 3rd 2023 buy After its Q2 earnings this gave the company has a market capitalization of $ 7.45 and. Held by institutions quarter 2023 earnings guidance on Monday, February, 20th revenue guidance of 60! $ 67 each, according to the next stage and next generation. `` and Ryan companies Jan.! Led to rapid expansion for Procore Technologies updated its first quarter 2023 earnings guidance Monday!