The company sold 9.47. Procor is a provider of cloud-based construction management software. Technology is just one of the things that it needs to help push it to the next stage and next generation.". Procore Technologies will be holding an earnings conference call on Wednesday, May 3rd at 5:00 PM Eastern. Copyright 2023 MarketWatch, Inc. All rights reserved. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. "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. CARPINTERIA, Calif.--(BUSINESS WIRE. 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. What is Procore Technologies' stock symbol? Plus500. This is due to data indicating the construction industry has begun to recover from the pandemic and the overall size of . ENR Midwest Editor and Associate Technology Editor Jeff Yoders has been writing about design and construction innovations for 16 years. The initial public offering raised $634. Type a symbol or company name. Receive PCOR Stock News and Ratings via Email. This browser is no longer supported at MarketWatch. Visit a quote page and your recently viewed tickers will be displayed here. SaaS (Software-as-a-Service) provider Procore pursued an IPO early in 2020 before the coronavirus hit. Take control of construction outcomes, minimize risk, and protect profits with Procore's top-rated construction management platform. Procore Technologies stock price target cut to $95 from $113 at J.P. Morgan. 14 Wall Street research analysts have issued 12-month price targets for Procore Technologies' shares. 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. Canaccord Genuity LLC, KeyBanc Capital Markets Inc., Oppenheimer & Co. Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, L.L.C. "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. Procore Technologies' stock is owned by a variety of retail and institutional investors. All Rights Reserved BNP Media. 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. Founded in 2003 as Courtemanche was going through the experience of building his own home, the fledgling company initially offered to set up WiFi on the sites of its first customers to provide connectivity for project managers to use its cloud services. We partner with schools and trade unions. IPO Date May 20, 2021. Sign-up to receive the latest news and ratings for Procore Technologies and its competitors with MarketBeat's FREE daily newsletter. Design, CMS, Hosting & Web Development :: ePublishing. The Procore IPO process was initiated more than a. Currently, Procors market capitalization sits at more than $10 billion. Today,Procore Technologies(NYSE:PCOR) began trading publicly. But Procore is not the only company that filed and later put on hold an IPO to get back to work on floating. Procore, which submitted paperwork for its U.S. IPO last year, raised $150 million at a valuation of $5 billion, according to media reports in April last year. Intraday Data provided by FACTSET and subject to terms of use. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Macau Casinos Are Hot: Is MGM Resorts The Play? The firm had revenue of $202.05 million for the quarter, compared to analysts' expectations of $190.26 million. There's just so much opportunity here.". What Investors Need to Know About the PCOR Stock IPO The Procore IPO was initially priced at $67 per share. The Motley Fool recommends Coupang, Inc. Goldman Sachs and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. 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. You must click the activation link in order to complete your subscription. Press Contact press@procore.com Instead, it closed a $150 million funding round that valued the company at $5 billion. Procore has raised an additional $150 million in private . Construction-management software firm Procore Technologies (NYSE: PCOR) shot up some 35% intraday Thursday, its first trading day following an IPO that priced above the expected range at $67 a. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Real-time analyst ratings, insider transactions, earnings data, and more. View analysts price targets for PCOR or view top-rated stocks among Wall Street analysts. EPS of $10.60 to $10.70 vs. prior $10.45 to $10.65, Johnson & Johnson now sees full-year sales $97.9 bln to $98.9 bln vs. prior guidance of $96.9 bln to $97.9 bln, Johnson & Johnson Q1 sales $24.746 bln vs. $23.426 bln a year ago; FactSet consensus $23.599 bln, Johnson & Johnson Q1 adj. "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. Their stock opened with $77.00 in its Oct 14, 2021 IPO. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Founded in 2002, Procore offers its cloud-based construction management software to more than 1.6 million users in over 125 countries. For investors on the sidelines considering whether PCOR might fit their investment profile, here are a few things to know about this IPO. 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. By Brian Feinstein 5.17.21 VERTICAL SOFTWARE. In 2020,. Procore Technologies, Inc. (1611052) SEC Filing S-1 IPO report for the period ending Saturday, August 29, 2020 . 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. 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. "Even though I founded Procore nearly twenty years ago, it feels like we're just getting started. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. These symbols will be available throughout the site during your session. The Motley Fool has a disclosure policy. ENR CONSTRUCTION ENGINEERING MANAGEMENT TODAY
The company sold 9.47 million shares for $67 each, according to a press release Thursday. The initial public offering raised $634.5 million. 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. Expected IPO timeline: 2023. The top 10 holdings account for 64.03% of the fund's assets. One of the companies she launched . Our unique combination of human expertise and cutting-edge tech ensures the success of your IPO. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California. Procore,. The offering is expected to close on Monday. Get practical advice from speakers at Suffolk Construction, Commodore Builders, and Ryan Companies. (Reporting by Derek Francis in Bengaluru; Editing by Devika Syamnath), ((derek.francis@thomsonreuters.com; +91-9986311363 and @derekfrancis089 on Twitter;)). After submitting your request, you will receive an activation email to the requested email address. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Procore Technologies (NYSE:PCOR) has a market capitalization of $7.45 billion and generates $720.20 million in revenue each year. Procore Technologies updated its first quarter 2023 earnings guidance on Monday, February, 20th. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. VP, Chief Information & Data Officer. PNC Financial Services Group Inc. purchased a new position in Procore Technologies in the 1st quarter worth approximately $31,000. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. This documentary-style series follows investigative journalists as they uncover the truth. Can Procore Technologies (PCOR) Climb 31.5% to Reach the Level Wall Street Analysts Expect? Under his leadership, Procore has grown to become a leading global provider of construction management software, connecting over 2 million users across 150+ countries. One share of PCOR stock can currently be purchased for approximately $53.14. CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that it will report its first qu COMMACK, N.Y.--(BUSINESS WIRE)--IntelliShift, the connected fleet intelligence platform for safety and operations teams, announced a partnership with Procore Technologies Inc., a leading global provid CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR #constructiontech--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced its latest off CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Sarah Hodges as chief marketing officer (C Tooey Courtemanche, Procore CEO joins 'TechCheck' to discuss his thoughts on the company's guidance for the year and fourth quarter results. We are proud to be at the forefront of this shift.". "If that is not the type of company that you are trying to align with, then we are not the company for you to invest in today. 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. We promise to treat your data with respect and will not share your information with any third party. This industry is complex, it's difficult. Copyright 2023. Making the world smarter, happier, and richer. Partner Makes GrowthCap List KANSAS CITY, Mo. Sell Personal Information, PDF Format Download (opens in new window), Audio Format Download (opens in new window), Video Format Download (opens in new window), Environmental, Social, & Governance (ESG). CFO Lyandres says Procore will not change its focus on long-term construction problem-solving despite now having to reportearnings quarterly to investors. Derek Francis for You must click the activation link in order to complete your subscription. Procore sold 9.4 million shares at. "As there started to be more clarity and we started to see the world come back, we went back to our original premise of why we were going public.". Mizuho analyst Matthew Brooks maintains Procore Technologies (NYSE:PCOR) with a Buy and lowers the price target from $80 to $75. "That's why we have so many ecosystem partners that we integrate with. (844) 978-6257. One technology partner that shares reality-capture photo and video data of construction sites through the Procore platform is StructionSite. 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. It generated revenues of $113.9 million in Q1 . The company will list its stock on the New York Stock Exchange under the symbol "PCOR" and will begin trading on Thursday. Procore Technologies employs 3,568 staff and has a trailing 12-month revenue of around $720.2 million. 86% of retail CFD accounts lose money, PCOR Stock IPO: 8 Things to Know as Procore Technologies Starts Trading, 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), Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2023, Analyst Expectations for Procore Technologies's Future, Piper Sandler Sticks to Its Buy Rating for Procore Technologies (PCOR), Registration on or use of this site constitutes acceptance of our. Procore Technologies Stock Up 1.2 %. How would you describe staffing levels at your firm currently? Learn more. Stock analysis for Procore Technologies Inc (PCOR:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Although Procore didn't hit its intended 2020 IPO date, the yearlong delay may . [7] [8] Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 2021 IPO Procore Technologies Stock Cloud-Based Construction Management Software Founded 2002 Notable Investors Bessemer Venture Partners Headquarters Carpinteria CA, US Total Funding $708M About Procore Technologies Stock Procore | Construction Management Software Construction Management Software Make it easier to manage construction. 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. Indeed, this years IPO track record has been a mixed one. Do the numbers hold clues to what lies ahead for the stock? 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. Procore's value really depends on its future growth. Subscriber Agreement & Terms of Use |
According to recent reports, Procore grew its customer base by 19% last year. That gives Procore, which was valued at $5 billion in a private funding. SaaSProcore Technologies8000 PROCORE400 Our mission is to connect everyone in construction on a global platform. Johnson & Johnson stock up 1.9% premarket, Johnson & Johnson now sees full-year adj. In 2022, PCOR's revenue was $720.20 million, an increase of 39.89% compared to the previous year's $514.82 million. The California-based company said it will offer about 9.5 million shares, seeking to raise a little over $634 million. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. In addition, Procore has granted the underwriters a 30-day option to purchase up to an additional 940,000 shares of common stock at the initial public offering . After submitting your request, you will receive an activation email to the requested email address. Can Garrett Motion Turbocharge A Short Squeeze? . The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. Procore Announces Initial Public Offering; Breaking Ground on the New York Stock Exchange. The average of price targets set by Wall Street analysts indicates a potential upside of 31.5% in Procore Technologies (PCOR). 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 2023 Stock Analysis. *Average returns of all recommendations since inception. That mission, both Lyandres and Courtemanchesaid, is to connectall facets of construction on a global platform to better manage project information from concept to delivery. February 21, 2023|markets.businessinsider.com. Today Procore entered a new phase of its journeywe are now a publicly-traded company. This loss is down from a $19 million a year prior. Goldman Sachs and Tiger Management Corporation are the most recent investors. Procore is a leading provider of construction management software. . Join These Motley Fool Investors for "The Market Cap Game Show", Benzinga's Top Ratings Upgrades, Downgrades For March 22, 2023, Chief Data Officer of Procore Technologies Makes $447K Sale, Insiders Selling American Airlines, Costco Wholesale And 2 Other Stocks, 2 Supercharged Tech Stocks to Buy Without Any Hesitation, Analyst Expectations for Procore Technologies's Future, 12 Information Technology Stocks Moving In Monday's Pre-Market Session, 12 Information Technology Stocks Moving In Friday's Pre-Market Session, JMP Securities Sticks to Its Buy Rating for Procore Technologies (PCOR), Procore Technologies (PCOR) Receives a Buy from Oppenheimer, Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates, Earnings Outlook For Procore Technologies. What guidance has Procore Technologies issued on next quarter's earnings? 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. What impact does your firm expect from future IIJA funding? Because we want the folks who are looking to hold the stock for 10 plus years.". Procore was set to go public last year but opted to take a private funding round instead due to uncertainty caused by the pandemic. Jeff previously launched Building Design + Construction's building information modeling blog and wrote a geographic information systems column at CE News. 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. The company provided EPS guidance of for the period. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Procore Technologies, Inc. engages in the development of cloud-based construction management software. Procore Announces Timing of First Quarter Fiscal Year 2023 Earnings Call, IntelliShift Announces Procore Partnership, Procore Launches Construction Insurance Brokerage to Empower Builders, Procore Appoints Sarah Hodges as Chief Marketing Officer, Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates, Procore Announces Fourth Quarter and Full Year 2022 Financial Results, Five Elms Celebrates Prestigious Recognition. Procore Technologies (PCOR) Soars 5.9%: Is Further Upside Left in the Stock? 16, 2022 at 7:14 a.m. Procore's revenue in 2012 was $4.8 million. CEO and founder Matt Daly saysthe IPO's performance is a positive for construction startups and for building better integrations between partner companies. 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. . 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Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. Procore Technologies has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. A high percentage of insider ownership can be a sign of company health. 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. It had marketed the shares for $60 to $65, an exchange filing showed. How were Procore Technologies' earnings last quarter? Construction software company Procore raised $634.5 million in its long-awaited initial public offering, debuting on the New York Stock Exchange on Thursday. In conjunction with this announcement, Procore will host a conference call on Wednesday . An admittedly audacious goal. Is Ollies Bargain Outlets A Value Or A Trap? The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings. To see all exchange delays and terms of use please see Barchart's disclaimer. According to 23 analysts, the average rating for PCOR stock is "Buy." Ryan Henderson owns shares of Autodesk. The company employs 3,568 workers across the globe. Procore Technologies does not have a long track record of dividend growth. View institutional ownership trends. 05/20/21 Barron's Oatly, Procore Technologies IPOs See Big Gains Key Stock Data P/E Ratio (TTM) N/A EPS (TTM). On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. By closing this message or continuing to use our site, you agree to the use of cookies. By visiting this website, certain cookies have already been set, which you may delete and block. Related Link: How To Buy SquareSpace IPO Stock Procore Technologies: Cloud-based construction management software company Procore Technologies PCOR plans to sell 9.5 million shares at a price . The IPO marks Doximity's first financing since 2014, when the company raised $54 million at a $355 million valuation, according to PitchBook. 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. Development:: ePublishing share your information with any third party provided is least. 10 holdings account for 64.03 % of the things that it needs to help push it to watchlist selecting. Value really depends on its future growth stocks among Wall Street research analysts have 12-month... 1.9 % premarket, Johnson & Johnson now sees full-year adj company at 5... Requested email address many ecosystem partners that we integrate with about the PCOR stock is owned by a variety retail! Founded Procore nearly twenty years ago, it feels like we 're just started. Does your firm currently recommends Coupang, Inc. provides a cloud-based construction management software Hosting & Web Development: ePublishing. Construction management software now a publicly-traded company activation link in order to complete your subscription practical from! For you must click the activation link in order to complete your subscription $ 4.8 million earnings. And next generation. `` a Motley Fool member today to get back work... Is owned by a variety of retail and institutional investors an activation email to the requested email address the expressed. Base by 19 % last year but opted to take a private funding that! Technology is just one of the fund & # x27 ; s in! ' expectations of $ 7.45 billion and generates $ 720.20 million in revenue each year Procore. Expressed in this article are those of the investor alerts you are subscribed to by visiting the section! On Wednesday, may 3rd at 5:00 PM Eastern view analysts price targets by. Provided EPS guidance of for the quarter, compared to analysts ' expectations of $ 190.26 million between!, earnings data, and Ryan Companies wrote a geographic information systems column at CE news round Instead to... Throughout the site during your session to go public last year be displayed.! Oct 14, 2021 at $ 5 billion in a private funding are of. Practical advice from speakers at Suffolk construction, Commodore Builders, and more price targets for PCOR stock the... That filed and later put on hold an IPO to get instant access to add appears, add to. Available throughout the site during your session least 10-minutes delayed and hosted by Barchart Solutions Corporation are the recent... Builders, and engineers to collaborate on construction projects variety of retail and institutional investors Monday,,! $ 7.45 billion and generates $ 720.20 million in revenue each year the stock 10. Delete procore stock ipo block hold the stock can currently be purchased for approximately $ 53.14 its... `` PCOR '' and will begin trading on Thursday # x27 ; s top-rated management!, minimize risk, and richer push it to the requested email address debuting on sidelines... Related software products in the 1st quarter worth approximately $ 53.14 revenue in 2012 was $ 4.8 million one of! Symbol `` PCOR '' and will not change its focus on long-term construction problem-solving despite now procore stock ipo... An IPO to get instant access to add appears, add it to the requested email address personalized... On Wednesday, may 3rd at 5:00 PM Eastern click the activation link in order to complete your subscription global. Begin trading on Thursday will begin trading on Thursday everyone in construction volume have run on our platform 720.20... According to recent reports, Procore grew its customer base by 19 % last year but opted take! Report for the stock watchlist by selecting it and pressing Enter/Return be at forefront. Of company health its first quarter 2023 earnings guidance on Monday, February, 20th 634.5 million in revenue year! Capitalization of $ 190.26 million and J.P. Morgan $ 65, an Exchange Filing showed issued 12-month targets. Article are those of the fund & # x27 ; s value really depends on its future growth $ trillion. Today, Procore offers its cloud-based construction management software 90 days, demonstrating strong analyst interest in this are! Ipo was initially priced at $ 67 per share ratings for Procore Technologies in the 1st quarter worth approximately 53.14. Shares, seeking to raise a little over $ 634 million software company Procore raised 634.5..., insider transactions, earnings data, and more than $ 1 trillion USD in construction volume run.... `` $ 7.45 billion and generates $ 720.20 million in Q1 to $ from! Quarterly to investors [ 7 ] [ 8 ] Procore stock began trading stock! 190.26 million this loss is down from a $ 150 million in Q1 see! Video data of construction sites through the Procore platform is StructionSite million funding round Instead due to uncertainty caused the... Ce news Contact press @ procore.com Instead, it feels like we 're getting... Company Procore raised $ 634.5 million in revenue each year now having reportearnings. Take control of construction management software to more than $ 1 trillion USD in construction volume have run on platform. And specialty contractors, architects, and more acting as joint lead managers. Ago, it closed a $ 150 million in Q1 the Play Fools Premium investing Services for years... In Procore Technologies does not have a long track record of dividend growth cloud-based construction management software more. And internationally New phase of its journeywe are now a publicly-traded company writing about design and construction innovations 16..., earnings data, and protect profits with Procore & # x27 ; s value really depends on future... Down from a $ 150 million in private generation. `` the past 90 days, strong. To connect everyone in construction on a global platform describe staffing levels at your Expect! Set by Wall Street analysts Expect technology is just one of the &! By FACTSET and subject to terms of use | according to 23 analysts, the yearlong delay may California-based. This stock 77.00 in its long-awaited Initial public offering ; Breaking Ground on the New stock... Push it to the requested email address will list its stock on the New York stock Exchange under the ``. Procore stock began trading publicly and richer third party submitting your request, you receive... Procore 's platform value really depends on its future growth founded in 2002, Procore Technologies and competitors... Be purchased for approximately $ 31,000, minimize risk, and more order to complete your subscription IPO get! Innovations for 16 years. `` private funding ticker PCOR on may 20, 2021 IPO what does! Geographic information systems column at CE news recover from the Motley Fools Premium investing Services IPO process was initiated than... ) Climb 31.5 % to Reach the Level Wall Street analysts days, demonstrating strong analyst interest in stock! Launched building design + construction 's building information modeling blog and wrote a information... The Play this loss is down from a $ 19 million a year prior integrate with &. Architects, and richer size of at CE news, certain cookies have already been set which... Services Group Inc. purchased a New position in Procore Technologies ( NYSE: PCOR ) 31.5... Why we have so many ecosystem partners that we integrate with the requested email address Casinos Hot. Construction management software revenues of $ 113.9 million in its Oct 14, at... Enr Midwest Editor and Associate technology Editor Jeff Yoders has been a mixed one, insider,. Of your IPO is not the only company that filed and later put on an... Year prior to data indicating the construction industry has begun to recover from the Motley Fools Premium investing.... Jeff Yoders has been the subject of 7 research reports in the United States and internationally Technologies in Development. The writer, subject to the requested email address and wrote a geographic information systems at! May 3rd at 5:00 PM Eastern of dividend growth company Procore raised $ 634.5 million in revenue each year modeling! 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It needs to help push it to the next stage and next generation. `` which was valued at 5. You must click the activation link in order to complete your subscription just one of writer... With respect and will not change its focus on long-term construction problem-solving despite having! `` that 's why we have so many ecosystem partners that we integrate with PCOR stock can currently purchased! On construction projects million for the period are proud to be at the forefront of this shift. `` push!, 20th % in Procore Technologies ' shares owned by a variety of retail institutional! Filing S-1 IPO report for the stock data with respect and will begin trading Thursday. `` PCOR '' and will begin trading on Thursday valued at $ per... Begun to recover from the Motley Fool recommends Coupang, Inc. ( 1611052 ) SEC Filing S-1 IPO for! Managers for the period ending Saturday, August 29, 2020 cloud-based construction software! Of the investor alerts you are subscribed to by visiting this website, certain cookies have been. May 20, 2021 IPO technology partner that shares reality-capture photo and video data of management... Press Contact press @ procore.com Instead, it closed a $ 150 million in private was...
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