procore technologies, inc. provides cloud-based construction software to clients across the globe. using its award-winning suite of project management tools, hundreds of thousands of registered procore users manage all types of construction projects including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more. every day, we speak to construction firms still heavily relying on paper-based documentation, email chains, and spreadsheets to manage their projects. our goal is to help construction professionals increase their project success by simplifying project management with powerful collaborative software. procore helps firms drastically increase project efficiency and accountability by streamlining and mobilizing project communications and documentation. this real time data and accessibility minimizes costly risks and delays—ultimately boosting profits.
Company profile
Ticker
PCOR
Exchange
Website
CEO
Tooey Courtemanche
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
SEC CIK
Corporate docs
Subsidiaries
Procore Insurance Services, Inc. • Procore Technologies Canada Inc. Canada • Procore Technologies GmbH • Procore Technologies Pty Ltd. Australia • Procore Technologies PTE. LTD. • Procore UK Ltd • Procore Technologies Mexico • Procore International, Inc. • Procore Technologies Construction Private Limited • LaborChart, Inc. ...
IRS number
731636261
PCOR stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Procore Announces First Quarter 2024 Financial Results
1 May 24
ARS
2023 FY
Annual report to shareholders
25 Apr 24
DEFA14A
Additional proxy soliciting materials
25 Apr 24
DEF 14A
Definitive proxy
25 Apr 24
S-8
Registration of securities for employees
26 Feb 24
10-K
2023 FY
Annual report
26 Feb 24
8-K
Procore Announces Fourth Quarter and Full Year 2023 Financial Results
15 Feb 24
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Procore Announces Third Quarter 2023 Financial Results
1 Nov 23
Transcripts
PCOR
Earnings call transcript
2024 Q1
1 May 24
PCOR
Earnings call transcript
2023 Q4
15 Feb 24
PCOR
Earnings call transcript
2023 Q3
1 Nov 23
PCOR
Earnings call transcript
2023 Q2
2 Aug 23
PCOR
Earnings call transcript
2023 Q2
2 Aug 23
PCOR
Earnings call transcript
2023 Q1
3 May 23
PCOR
Earnings call transcript
2022 Q4
16 Feb 23
PCOR
Earnings call transcript
2022 Q3
3 Nov 22
PCOR
Earnings call transcript
2022 Q2
6 Aug 22
PCOR
Earnings call transcript
2022 Q1
7 May 22
Latest ownership filings
4
Matthew Jacobson
8 May 24
4
William J.G. Griffith
8 May 24
4
Benjamin C Singer
3 May 24
4
Craig F. Jr. Courtemanche
3 May 24
144
Notice of proposed sale of securities
1 May 24
144
Notice of proposed sale of securities
1 May 24
144
Notice of proposed sale of securities
1 May 24
144
Notice of proposed sale of securities
1 May 24
4
Howard Fu
24 Apr 24
144
Notice of proposed sale of securities
22 Apr 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 318.32 mm | 318.32 mm | 318.32 mm | 318.32 mm | 318.32 mm | 318.32 mm |
Cash burn (monthly) | (no burn) | (no burn) | 16.78 mm | 21.13 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 123.49 mm | 155.46 mm | n/a | n/a |
Cash remaining | n/a | n/a | 194.83 mm | 162.86 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 11.6 | 7.7 | n/a | n/a |
Institutional ownership, Q4 2023
59.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 269 |
Opened positions | 69 |
Closed positions | 113 |
Increased positions | 101 |
Reduced positions | 65 |
13F shares | Current |
---|---|
Total value | 3.51 tn |
Total shares | 87.46 mm |
Total puts | 40.00 k |
Total calls | 186.79 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Iconiq Strategic Partners Ii | 12.88 mm | $0.00 |
Vanguard | 9.20 mm | $637.17 bn |
T. Rowe Price | 9.06 mm | $627.47 mm |
Bessemer Venture Partners VIII | 8.24 mm | $0.00 |
JPM JPMorgan Chase & Co. | 5.38 mm | $372.11 bn |
Craig F. Jr. Courtemanche | 3.66 mm | $0.00 |
12 West Capital Management | 2.65 mm | $183.43 bn |
MS Morgan Stanley | 2.16 mm | $149.38 bn |
FIL | 1.90 mm | $131.19 bn |
XN | 1.62 mm | $111.93 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 May 24 | Iconiq Strategic Partners Ii | Common Stock | Other | Dispose J | Yes | No | 0 | 258,196 | 0.00 | 1,671,256 |
6 May 24 | Iconiq Strategic Partners Ii | Common Stock | Other | Dispose J | Yes | No | 0 | 545,256 | 0.00 | 3,488,972 |
6 May 24 | Iconiq Strategic Partners Ii | Common Stock | Other | Dispose J | No | No | 0 | 696,548 | 0.00 | 4,457,049 |
6 May 24 | William J.G. Griffith | Common Stock | Other | Dispose J | Yes | No | 0 | 258,196 | 0.00 | 1,671,256 |
6 May 24 | William J.G. Griffith | Common Stock | Other | Dispose J | Yes | No | 0 | 545,256 | 0.00 | 3,488,972 |
6 May 24 | William J.G. Griffith | Common Stock | Other | Dispose J | Yes | No | 0 | 696,548 | 0.00 | 4,457,049 |
1 May 24 | Benjamin C Singer | Common Stock | Sell | Dispose S | No | Yes | 70 | 1,000 | 70.00 k | 122,321 |
1 May 24 | Benjamin C Singer | Common Stock | Sell | Dispose S | No | Yes | 68.58 | 2,000 | 137.16 k | 123,321 |
1 May 24 | Craig F. Jr. Courtemanche | Common Stock | Sell | Dispose S | Yes | Yes | 69.75 | 143 | 9.97 k | 530,049 |
1 May 24 | Craig F. Jr. Courtemanche | Common Stock | Sell | Dispose S | Yes | Yes | 68.92 | 1,207 | 83.19 k | 530,192 |
News
Canaccord Genuity Maintains Buy on Procore Technologies, Lowers Price Target to $80
2 May 24
Barclays Maintains Overweight on Procore Technologies, Lowers Price Target to $78
2 May 24
JP Morgan Maintains Overweight on Procore Technologies, Raises Price Target to $86
2 May 24
BMO Capital Maintains Outperform on Procore Technologies, Lowers Price Target to $85
2 May 24
Mizuho Maintains Buy on Procore Technologies, Lowers Price Target to $75
2 May 24