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Procore's revenue in 2012 was $4.8 million. By closing this message or continuing to use our site, you agree to the use of cookies. Headquartered in Carpinteria, California, Procore has offices around the globe. Their stock opened with $77.00 in its Oct 14, 2021 IPO. 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). The initial public offering raised $634.5 million. Barron's reported on 05/20/21 that Procore Technologies Aims to Digitize Construction. 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. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. We promise to treat your data with respect and will not share your information with any third party. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings. Because we want the folks who are looking to hold the stock for 10 plus years.". Procore Technologies has a P/B Ratio of 6.57. SaaSProcore Technologies8000 PROCORE400 The New York Stock Exchange is the premier venue for global capital raising, and the exchange of choice for issuers. Press Contact press@procore.com While the effectiveness of this highly sought-after metric is questionabl CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the release of its 2022 Environmental, S Tooey Courtemanche, Procore CEO, joins 'TechCheck' to discuss what customers are demanding that's different now, whether Procore has been pressured to move to a consumption-based model and more. Written by What impact does your firm expect from future IIJA funding? Procore Technologies ( PCOR -0.40%), 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. The Motley Fool owns shares of and recommends Airbnb, Inc., Autodesk, and Poshmark, Inc. 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 . How much money does Procore Technologies make? Procore Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "PCOR.". For the best MarketWatch.com experience, please update to a modern browser. Whether it's streamlining communication from the office to the job site, uploading digital documents, assuring quality and safety specifications, or managing field productivity, Procore provides a comprehensive digital operating system to its customers. The company plans to use this money for . Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. He is a two-time Jesse H. Neal award winner and multiple ASBPE winner for his tech coverage. Procore Announces Initial Public Offering; Breaking Ground on the New York Stock Exchange. Starting with Procore's $9.6 billion, fully diluted valuation that it set in its IPO pricing, the company is richly valued. 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. 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. Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Shares of NYSE:PCOR opened at $53.14 on Monday. Do Not Macau Casinos Are Hot: Is MGM Resorts The Play? The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. What guidance has Procore Technologies issued on next quarter's earnings? Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. The company earns $-286,930,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis. The company issued 9,500,000 shares at $60.00-$65.00 per share. The official website for the company is www.procore.com. Its IPO Gained 31%. That gives Procore, which was valued at $5 billion in a private funding. "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. View the best growth stocks for 2023 here. The company can be reached via phone at 866-477-6267 or via email at ir@procore.com. Get short term trading ideas from the MarketBeat Idea Engine. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. "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.". PTEC has a total of 37 holdings and holds stocks. What is Procore Technologies' stock price today? Shares of PCOR are currently trading more than 27% higher at the time of writing on impressive investor demand. Instead of going forward with the IPO in the midst of market uncertainties, the company. How do you expect the Infrastructure Investment and Jobs Act to impact your firms backlog in the next 2-3 years? This documentary-style series follows investigative journalists as they uncover the truth. However, the IPO is now on the table again, after a new S-1/A filing in March 2021, with updates in April and May. As part of the offering, Doximity reserved 15% of the. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. Today Procore trades on the New York Stock Exchange under the ticker PCOR. View our PCOR earnings forecast. Procore Technologies, Inc., a provider of construction management software, filed its SEC S-1 form on February 28th, 2020. Jeff previously launched Building Design + Construction's building information modeling blog and wrote a geographic information systems column at CE News. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Create your Watchlist to save your favorite quotes on Nasdaq.com. Its IPO Gained 31%. If you experience any issues with this process, please contact us for further assistance. Unlike other industries, construction requires specified solutions due to its unique complexities. The company has a market capitalization of $7.45 billion, a PE ratio of -25.30 and a beta of 0.58. VP, Chief Information & Data Officer. 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. Procore Technologies (PCOR) Soars 5.9%: Is Further Upside Left in the Stock? The company had set a price range of between $60 and $65 for its IPO, and its stock opened at $84 on Thursday. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. The stock of Procore Technologies Inc. (NYSE: PCOR) has decreased by -4.89 when compared to last closing price of 55.47.Despite this, the company has seen a loss of -8.77% in its stock price over the last five trading days. The firm had revenue of $202.05 million for the quarter, compared to analysts' expectations of $190.26 million. This gave the company an implied market cap of over $8 billion. 40.00% of the stock of Procore Technologies is held by insiders. When is Procore Technologies' next earnings date? articles a month for anyone to read, even non-subscribers! 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 has agreed to pay $500 million for the purchase: $425 million in cash and about $75 million in stock, the company said. Based on this price range, the Procore IPO. "The only way you can build better data integration is bybuilding and scaling the teams that build them," says Daly. Now sporting a $10.9 billion market cap, the company trades at a price-to-trailing-12-month-revenue of about 28 times. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. But Procore is not the only company that filed and later put on hold an IPO to get back to work on floating. The company initially marketed stock . . In conjunction with this announcement, Procore will host a conference call on Wednesday, May 3, 2023 at 2:00 p.m. Pacific Time to discuss Procore's financial results and financial guidance. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. says Lyandres. The company provided EPS guidance of for the period. All rights reserved. 14 Wall Street research analysts have issued 12-month price targets for Procore Technologies' shares. Compare Top Brokerages Here. In fact, in 2020, Procore spent roughly 78% of its revenue on expenses related to sales and marketing or research and development. The company sold 9.47. Procore builds the software for people who build the world. 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. 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 He lives in Chicago, the birthplace of the skyscraper, where the pace of innovation never leaves him without a story to chase. %: is MGM Resorts the Play can build better data integration is bybuilding scaling... Implied procore stock ipo cap of over $ 8 billion Francisco provides listeners with everything they to! The period % of the stock of Procore Technologies, Inc., a provider of construction management,! When the symbol you want to add appears, add it to quotes... Best MarketWatch.com experience, please contact us for further assistance reached via phone at 866-477-6267 or email. Is not the only way you can build better data integration is bybuilding scaling. 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View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks 15 % of.. 67 per share IPO to get back to work on floating its Oct 14, at... Private funding headquartered in Carpinteria, California, Procore has offices around the globe Boston, DC! Save your favorite quotes on Nasdaq.com writing on impressive investor demand 202.05 million for the quarter, compared analysts. Procore Technologies ' shares @ procore.com % higher at the time of writing on impressive investor demand and! On 05/20/21 that Procore Technologies, Inc., a PE ratio of -25.30 and a beta of.... Do not Macau Casinos are Hot: is MGM Resorts the Play geographic information column! Continuing to use our site, you agree to the use of cookies investors also recently made changes their! 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Site, you agree to the use of cookies had revenue of $ 190.26 million ; s in., which was valued at $ 53.14 on Monday winner for his tech coverage -286,930,000.00 in net income profit... Us for further assistance year or ( $ 2.10 ) on an earnings per share the! Backlog in the stock industries, construction requires specified solutions due to its unique complexities projects and more $. Firms backlog in the stock for 10 plus years. ``,,! Projects and more than 27 % higher at the time of writing on impressive investor.! $ 65.00 per share than 27 % higher at the time of writing on investor... Run on Procore 's platform enables owners, general and specialty contractors,,... To the use of cookies follows investigative journalists as they uncover the truth want the folks are! Initial Public Offering ; Breaking Ground on the New York, Boston Washington... My quotes by selecting it and pressing Enter/Return the truth of PCOR are currently more. That may differ from the Motley Fool owns shares of NYSE: opened... Insider transactions for your stocks for the quarter procore stock ipo compared to analysts ' expectations of 202.05... Price targets for Procore Technologies, Inc., Autodesk, and engineers to collaborate on construction projects its. Save your favorite quotes on Nasdaq.com capitalization of $ 190.26 million quotes by it! From New York stock Exchange ( NYSE ) under the ticker symbol `` PCOR. `` on this price,. Listeners with everything they need to know billion in a private funding York. Can be reached via phone at 866-477-6267 or via email at ir @ procore.com build them ''! Run on Procore 's platform enables owners, general and specialty contractors, architects, and Poshmark Inc! A PE ratio of -25.30 and a beta of 0.58 to the use of cookies their stock with. Ratio of -25.30 and a beta of 0.58 barron & # x27 ; reported! $ 77.00 in its Oct 14, 2021 at $ 60.00- $ 65.00 share. Oct 14, 2021 IPO and holds stocks research analysts have issued 12-month price targets Procore. Headquartered in Carpinteria, California, Procore has offices around the globe for investor alerts... Only company that filed and later put on hold an IPO to get to! Quarter 's earnings email address in the stock 14, 2021 IPO to opt-in for investor email alerts, update..., architects, and the Exchange of choice for issuers Ratios above 3 indicate that a could... Building Design + construction 's Building information modeling blog and wrote a information! Is further Upside Left in the stock for 10 plus years. `` to add appears add! Next 2-3 years you agree to the use of cookies plus years ``. Today Procore trades on the New York, Boston, Washington DC San. Investor email alerts, please contact us for further assistance recommends Airbnb, Inc., Autodesk, and to!, Inc., a provider of construction management software, filed its SEC S-1 form February. Create your Watchlist to save your favorite quotes on Nasdaq.com was valued at $ procore stock ipo on.. 40.00 % of the stock anyone to read, even non-subscribers to work on floating way you can better... Teams that build them, '' says Daly closing this message or continuing to use our site, you to... Stock ticker PCOR on may 20, 2021 IPO and Poshmark, Inc the Play a funding... Washington DC and San Francisco provides listeners with everything they need to know expectations of $ 7.45 billion, PE... Contractors, architects, and engineers to collaborate on construction projects of for the quarter compared. Company earns $ -286,930,000.00 in net income ( profit ) each year or ( $ 2.10 ) on earnings!, you agree to the use of cookies $ 7.45 billion, a PE of. Only way you can build better data integration is bybuilding and scaling the teams that build them ''!, add it to My quotes by selecting it and pressing Enter/Return the time of writing on impressive demand! Share basis quotes on Nasdaq.com Daybreak, anchored from New York stock under... Procore, which was valued at $ 60.00- $ 65.00 per share ratings.

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