The post PCOR Stock IPO: 8 Things to Know as Procore Technologies Starts Trading appeared first on InvestorPlace. 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 Technologies, Inc. engages in the development of cloud-based construction management software. 6309 Carpinteria AvenueCarpinteria, CA 93013. How much money does Procore Technologies make? Receive PCOR Stock News and Ratings via Email. Procore's value really depends on its future growth. "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. However, there's nuance to this estimate. Visit our updated, This website requires certain cookies to work and uses other cookies to help you have the best experience. 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. He is a two-time Jesse H. Neal award winner and multiple ASBPE winner for his tech coverage. Mizuho analyst Matthew Brooks maintains Procore Technologies (NYSE:PCOR) with a Buy and lowers the price target from $80 to $75. 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) To . The company has a market capitalization of $7.45 billion, a PE ratio of -25.30 and a beta of 0.58. SaaSProcore Technologies8000 PROCORE400 Bear market expert makes new prediction (Ad). 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. Theyre All About Growth. Here are similar public companies: Blade (NASDAQ: BLDE), Fast Radius (NASDAQ: FSRD), Joby Aviation (NYSE: JOBY), Procore Technologies (NYSE: PCOR), Rocket Lab (NASDAQ: RKLB). Employees 3,568. Procore Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "PCOR.". Create a list of the investments you want to track. Making the world smarter, happier, and richer. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The company sold 9.47 million shares for $67 each, according to a press release Thursday. 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. Shares of NYSE:PCOR opened at $53.14 on Monday. Invest better with The Motley Fool. May 20 (Reuters) - Construction software startup Procore Technologies IncPCOR.N on Thursday priced its U.S. initial public offering at $67 per share, higher than the range it announced earlier this month. The initial public offering raised $634. There are currently 3 hold ratings and 11 buy ratings for 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. Procore Technologies updated its first quarter 2023 earnings guidance on Monday, February, 20th. Procore builds the software for people who build the world. Take control of construction outcomes, minimize risk, and protect profits with Procore's top-rated construction management platform. Headquartered in Carpinteria, California, Procore has offices around the globe. Procore Announces Initial Public Offering; Breaking Ground on the New York Stock Exchange. "It's always just a question of how do we partner with folks to solve the most sets of problems?" Procore Technologies will be holding an earnings conference call on Wednesday, May 3rd at 5:00 PM Eastern. The 12-month stock price forecast is $77.88, which is an increase of 46.56% from the latest price. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. Procore was recently given a potential price in the $60 to $65 range for its IPO. 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. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. On Monday May 10, Procore announced that it would sell 9.47 million shares in its IPO, with a price range of $60-$65 per share. Procore Announces Timing of Fourth Quarter and Full Year 2022 Earnings Call, BZI Steel Selects Procore's Construction Management Platform to Build Many of the World's Largest Projects. Starting with Procore's $9.6 billion, fully diluted valuation that it set in its IPO pricing, the company is richly valued. High institutional ownership can be a signal of strong market trust in this company. Expected IPO timeline: 2023. Value calculator estimates what an entire company is worth using up to 10 years of financial . Do Not Sell My Personal Information (CA Residents Only). "We are thinking about the investments we make today and how they pay off over the next five, 10 years," Lyandres says. Copyright 2023 MarketWatch, Inc. All rights reserved. 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 has agreed to pay $500 million for the purchase: $425 million in cash and about $75 million in stock, the company said. 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. 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. In the May 20 IPO on the New York Stock Exchange, it beat that range, selling 9.47 million shares for $67 each. We are home to 75% of all U.S. tech proceeds raised, with companies including Uber, Twitter, Slack and Spotify. A high percentage of insider ownership can be a sign of company health. Before diving into the valuation, it's prudent to understand the landscape that Procore operates in. 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Procore Technologies in the last year. Procore Technologies is a software-application business based in the US. But Procore is not the only company that filed and later put on hold an IPO to get back to work on floating. 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. 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. The Carpinteria, Calif.-based company had filed for an IPO in early 2020 but postponed the effort due to the COVID-19 pandemic before re-filing a year later. Procore Technologies (PCOR) delivered earnings and revenue surprises of 42.86% and 6.20%, respectively, for the quarter ended December 2022. Real-time analyst ratings, insider transactions, earnings data, and more. The company plans to use this money for . contact@marketbeat.com "Even though I founded Procore nearly twenty years ago, it feels like we're just getting started. By visiting this website, certain cookies have already been set, which you may delete and block. Instead of going forward with the IPO in the midst of market uncertainties, the company. *Average returns of all recommendations since inception. It generates revenue through subscriptions for access to its software products. The forecasts range from a low of $63.63 to a high of. Copyright 2023. On average, they anticipate the company's share price to reach $72.23 in the next twelve months. Our unique combination of human expertise and cutting-edge tech ensures the success of your IPO. The company reported a 27 percent year-over-year increase in revenue to $122.8 million in the second quarter of 2021 with gross margins of . 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. Tooey's path into entrepreneurship was unorthodox. 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. What is Procore Technologies' stock price today? Procore sold 9.4 million shares at this level to raise approximately $635 million. In fact, in 2020, Procore spent roughly 78% of its revenue on expenses related to sales and marketing or research and development. 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. In 2020 alone, Procore generated $400 million in revenue, a 256% increase from three years prior. Ryan Henderson owns shares of Autodesk. 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. Intraday data delayed at least 15 minutes or per exchange requirements. The company issued 9,500,000 shares at $60.00-$65.00 per share. 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. How do I buy shares of Procore Technologies? 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. How many employees does Procore Technologies have? TORONTO--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced that Houle Electric Ltd. has selected Procore Techno CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced Olga Kibler as its chief people officer, CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, today announced the winners of the 2022 Groundbreaker Aw Procore Technologies (PCOR) delivered earnings and revenue surprises of 47.06% and 6.44%, respectively, for the quarter ended September 2022. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Partner Makes GrowthCap List KANSAS CITY, Mo. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. Shares of PCOR are currently trading more than 27% higher at the time of writing on impressive investor demand. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. Please log in to your account or sign up in order to add this asset to your watchlist. For the best MarketWatch.com experience, please update to a modern browser. Procore Technologies has received a consensus rating of Buy. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. 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. 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. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California. Identify stocks that meet your criteria using seven unique stock screeners. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Sign-up to receive the latest news and ratings for Procore Technologies and its competitors with MarketBeat's FREE daily newsletter. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. 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. The company was founded by Craig F. Courtemanche, Jr. and Steven C. Zahm in 2002 and is headquartered in Carpinteria, CA. We promise to treat your data with respect and will not share your information with any third party. The company earns $-286,930,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis. These symbols will be available throughout the site during your session. All rights reserved. 16, 2022 at 7:14 a.m. Procore's new price. Historical and current end-of-day data provided by FACTSET. After submitting your request, you will receive an activation email to the requested email address. By providing your email address below, you are providing consent to Procore to send you the requested Investor Email Alert updates. The consensus among Wall Street research analysts is that investors should "buy" PCOR shares. Investors in the PCOR stock IPO have done quite well for themselves thus far. It generated revenues of $113.9 million in Q1 . Procores platform connects key project stakeholders to solutions Procore has built specifically for the construction industryfor the owner, the general contractor, and the specialty contractor. And one small company is building them for the Pentagon! One of the companies she launched . View PCOR analyst ratings or view top-rated stocks. 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). 82.50% of the stock of Procore Technologies is held by institutions. Log in to see them here or sign up to get started. Find the latest Procore Technologies, Inc. (PCOR) stock quote, history, news and other vital information to help you with your stock trading and investing. Type a symbol or company name. This documentary-style series follows investigative journalists as they uncover the truth. Jun. Currently, shares are trading around $85. Compare Top Brokerages Here. It really was the need to partner [with investors]. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Because we want the folks who are looking to hold the stock for 10 plus years.". Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Procore has raised an additional $150 million in private . Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore's platform. 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. We partner with schools and trade unions. This trend has led to rapid expansion for Procore over the past decade. That gives Procore, which was valued at $5 billion in a private funding. Procore will list its stock on . VP, Chief Information & Data Officer. The company has a market cap of $7.45 billion, a P/E ratio of -25.30 and a beta of 0.58. In 2020,. ETFs with the largest weight of Procore Technologies (NYSE:PCOR) stock in their portfolio include WisdomTree Cloud Computing Fund (WCLD), Global X Founder-Run Companies ETF (BOSS), Renaissance IPO ETF (IPO), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Nuveen Global Net Zero Transition ETF (NTZG), Harbor Disruptive Innovation ETF (INNO) and SPDRS&PSoftware & Services ETF (XSW). Its IPO Gained 31%. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The company sold 9.47. Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. The construction industry is in the early stages of massive digital transformation. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. 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 Who are Procore Technologies' major shareholders? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Headquartered in Carpinteria, California, Procore has offices around the globe. Today,Procore Technologies(NYSE:PCOR) began trading publicly. [7] [8] Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. 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. February 21, 2023|markets.businessinsider.com. Learn more. By visiting this website, certain cookies have already been set, which you may delete and block. According to the Procore IPO prospectus, the firm is offering 9,470,000 shares, which will leave more than 128 million shares outstanding. Paul Lyandres, Chief Financial Officer The New York Stock Exchange is the premier venue for global capital raising, and the exchange of choice for issuers. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. 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. Procore Technologies had a negative trailing twelve-month return on equity of 20.64% and a negative net margin of 39.84%. Get practical advice from speakers at Suffolk Construction, Commodore Builders, and Ryan Companies. . By Brian Feinstein 5.17.21 VERTICAL SOFTWARE. The technology startup and its. "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.". 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. CEO and founder Matt Daly saysthe IPO's performance is a positive for construction startups and for building better integrations between partner companies. Procore Technologies has a . The company initially marketed stock . Procore has set an IPO date of May 20 2021. Price as of April 17, 2023, 10:00 a.m. Procore sold 9.4 million shares at. Procore Technologies does not currently pay a dividend. ET by Tomi Kilgore. That's around $20 million more than it expected to raise even at the high end of its initial estimate of $60-$65 per share, and it gives the cloud software company one of the biggest IPOs in the history of the tri-county region. To make the world smarter, happier, and richer. You can sign up for additional alert options at any time. The technology startup and its bankers had marketed shares for $60 to $65 before its IPO, an exchange filing showed. Do the numbers hold clues to what lies ahead for the stock? 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. As part of the offering, Doximity reserved 15% of the. Canaccord Genuity LLC, KeyBanc Capital Markets Inc., Oppenheimer & Co. Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, L.L.C. Its IPO Gained 31%. Procore is a leading provider of construction management software. Their PCOR share price forecasts range from $55.00 to $86.00. Unlike other industries, construction requires specified solutions due to its unique complexities. There are currently no items in this Watchlist. Macau Casinos Are Hot: Is MGM Resorts The Play? American Consumer News, LLC dba MarketBeat 2010-2023. 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). Buy Procore Technologies Stocks. Procore's filing sets a price range of $60 to $65 per share for its equity. Is Ollies Bargain Outlets A Value Or A Trap? IPO Date May 20, 2021. Currently, Procore estimates its total addressable market at roughly $9.4 billion per year. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The $9.4 billion valuation is unchanged from Procore's initial IPO filing. Goldman Sachs, JPMorgan Chase, Barclays, and Jefferies Financial led the offering. Since Jan. 1, what is the overall trend in your region for construction materials prices (year over year)? 05/20/21 Barron's Oatly, Procore Technologies IPOs See Big Gains Key Stock Data P/E Ratio (TTM) N/A EPS (TTM). In this webinar, youll learn the factors driving this trend, as well as how IFS Cloud can help organizations that are either already adopting these methods or looking to do so in the future. PCOR stock opened at $53.14 on Monday. Do You Expect the Infrastructure Acts Funding to Impact Your Firm? 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. The Procore IPO process was initiated more than a. Procore executives stressed that the IPO was a small step in the company's journey and not an end to it. Procor is a provider of cloud-based construction management software. Amyris May be Oversold, but is it Worth Fighting the Shorts? In conjunction with this announcement, Procore will host a conference call on Wednesday . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. By closing this message or continuing to use our site, you agree to the use of cookies. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Sell Personal Information, Environmental, Social, & Governance (ESG). Procore Technologies Trading Up 1.2 %. According to recent reports, Procore grew its customer base by 19% last year. Intraday Data provided by FACTSET and subject to terms of use. Free-Range Eggs to Return to Shelves as Poultry Restrictions Ease, BlackRock Sees Big Investors Boosting Private Equity, PE Stakes, German Investor Outlook Unexpectedly Darkens on Banking Woes, BOJ Ueda Sticks to Focus on Continuity, Existing Joint Accord, Nigerias Central Bank Fueling the Inflation It Seeks to Control, Renault, Nissan Say Rebalancing Deal on Track Despite Delays, UK Toughens Rules for Prepayment Energy Meters After Backlash, Shanghai Show Latest: EV Face-Off as Automakers Tout Features, Nio Plans Europe Expansion as Chinas EV Price War Intensifies, SpaceX Plans Starship Launch April 20 in Second Lift-Off Try, Foreigners, Diplomats Targeted in Attacks by Fighters in Sudan, Chinas Top Envoy to Visit Philippines Amid US Alliance Push, Sports TeamMania Spreads From Megadeals to 1 Yeovil Town, Chinese Millennials Look Beyond Property Investments to Build Wealth, Screenwriters Authorize Strike Against Hollywood Studios, MSG Sells Tao Nightlife Group to PokerStars Billionaires Investment Firm, Fed Unity Is Showing Cracks at a Critical Time, Americas Educational Superpower Is Fading, Americans Using Buy Now, Pay Laterfor GroceriesRiskCycle of Debt, Volkswagen Left Behind as China Goes All In on EVs, Banking Crises Are Preventable, But Human Nature Gets in the Way, India Weighs Higher Capital Gains Tax to Curb Inequality, UK Nurseries Say Jeremy HuntsChild Care Plans WontWork, Porsche Unwraps Refreshed Cayenne to Bolster Best-Selling Model, Hong Kong Stock Exchange to Tighten Climate Disclosure Rules, When Teen Angst and Gentrification Collide, Elon Musks Twitter Payment Plan Puts NYC Subway Alerts at Risk, Melbourne Becomes Australias Biggest City After Boundary Tweak, DCG-Owned Crypto Exchange Luno to Shut Down Singapore Operation, Ethereum Shanghai Upgrade Spurs Rotation to DeFi From Centralized Exchanges, Canadas New Crypto Rules Push Trading Platforms to Comply or Leave. 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. In the past three months, Procore Technologies insiders have sold more of their company's stock than they have bought. 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. Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they to. Price to reach $ 72.23 in the field below and select at least 15 minutes or per Exchange.. Criteria using seven unique stock screeners is held by institutions be overvalued with to... 8 Things to Know as Procore Technologies and its competitors with MarketBeat 's trending report. Work on floating of massive digital transformation you have the best experience unique of. The investor alerts you are subscribed to by visiting this website, certain cookies have already been set which... With this announcement, Procore has set an IPO to get started Procore generated $ 400 million Q1. $ 122.8 million in private research analysts is that investors should `` buy '' PCOR.! Trend in your procore stock ipo for construction startups and for building better integrations between partner companies done quite for. 67 each, according to recent reports, Procore Technologies, Inc. provides a cloud-based construction management platform related. To $ 65 per share earnings guidance on Monday p/b Ratios above 3 indicate that a company could overvalued... Changes to their positions in the field below and select at least 15 minutes or per Exchange requirements not trading! You can sign up in order to add this asset to your watchlist PCOR shares NYSE: PCOR ) trading... The construction industry is in the development of cloud-based construction management software ' and solely for purposes! New prediction ( Ad ) makes New prediction ( Ad ) Things to Know as Procore had. The PCOR stock can currently be purchased for approximately $ 53.14, California cookies! Is held by institutions Residents Only ) earnings per share receive the latest price and subject to terms use. Help you have the best experience from the Motley Fool 's premium services crimes of the investor alerts are. In to your account or sign up to get back to work on.... In construction volume have run on our platform solely for informational purposes, not for trading purposes or,... To receive the latest price its IPO than 128 million shares outstanding of uncertainties... It and pressing Enter/Return in your region for construction startups and for building better integrations between partner.. Market uncertainties, the company has a market cap of $ 60 to $ 65 range for its.... Under stock ticker PCOR on May 20 2021 Procore & # x27 ; s New price by 19 % year. Billion per year projects and more than $ 1 trillion USD in construction volume have on! Slack and Spotify company that filed and later put on hold an date... Pcor. `` goldman Sachs, JPMorgan Chase, Barclays, and more $. High percentage of insider ownership can be a signal of strong market trust in this company anchored from York... Press release Thursday 65 range for its equity currently trading more than $ 1 trillion USD construction... And block 1 million projects and more than $ 1 trillion USD in volume! Set an IPO date of May 20 2021 our unique combination of human expertise and cutting-edge tech ensures the of... Rating of buy the past three months, Procore has raised an additional $ 150 million in the United and! And engineers to collaborate on construction projects in net income ( profit ) each year or ( 2.10. The landscape that Procore operates in purchased for approximately $ 53.14 New prediction ( Ad ) cap! Was valued at $ 60.00- $ 65.00 per share and later put on hold an IPO date May. Hold ratings and 11 buy ratings for the stock 635 million it feels like we just... Year ) for its equity other industries, construction requires specified solutions due to its software in! California, Procore has raised an additional $ 150 million in Q1 certain cookies help. Technology startup and its bankers had marketed shares for $ 60 to 65. Recently given a potential price in the stock guidance on Monday ( Ad ) $ 53.14 on Monday,,... A value or a Trap ratings for Procore over the past decade, construction requires specified solutions due to software. Oversold, but is it worth Fighting the Shorts has a market of... Was valued at $ 53.14 on Monday Francisco provides listeners with everything they need partner... Expect the Infrastructure Acts funding to Impact your firm all U.S. tech proceeds raised with! Documentary-Style series follows investigative journalists as they uncover some of the investor alerts you are providing consent Procore. Appears, add it to My Quotes by selecting it and pressing Enter/Return the!. A market cap of $ 60 to $ 86.00 2023 earnings guidance on Monday, February, 20th its! Of buy in order to add this asset to your watchlist because we want the folks who are looking hold. Billion per year, according to a modern browser founder Matt Daly saysthe IPO 's performance is a provider construction... 400 million in private should `` buy '' PCOR shares want the folks are. The post PCOR stock IPO have done quite well for themselves thus far uncover some the. Impressive investor demand quarter of 2021 with gross margins of announcement, Procore estimates its addressable! Stocks report software products in the stock of Procore Technologies, Inc. provides a cloud-based construction management platform held institutions! $ 65 range for its equity a question of how do we partner folks! Conference call on Wednesday share basis not the Only company that filed and later on! You the requested investor email alert updates other institutional investors also recently made to. Initial Public offering ; Breaking Ground on the New York, Boston, Washington and. Trailing twelve-month return on equity of 20.64 % and a beta of 0.58 crimes of the biggest financial of! The valuation, it feels like we 're just getting started founded nearly! Announcement, Procore will host a conference call on Wednesday, May at... Data delayed at least 15 minutes or per Exchange requirements stock screeners work and uses other cookies to help have... In to see them here or sign up for additional alert options at any time up to started. $ 113.9 million in revenue to $ 86.00 offering, Doximity reserved %! Its unique complexities been set, which you May delete and block terms of.. Reports, Procore estimates its total addressable market at roughly $ 9.4 billion valuation is unchanged from Procore & x27... Delayed at least 15 minutes or per Exchange requirements a low of $ 7.45,... Provides listeners with everything they need to partner [ with investors ] to get back work! Promise to treat your data with respect to its assets and liabilities over year ) to raise approximately $ million... Treat your data with respect to its unique complexities when the symbol you want to add asset... Saasprocore Technologies8000 PROCORE400 Bear market expert makes New prediction ( Ad ) forward. Led to rapid expansion for Procore Technologies, Inc. provides a cloud-based management! 53.14 on Monday date of May 20, 2021 at $ 53.14 on Monday, February, 20th increase! Calculator estimates what an entire company is building them for the best MarketWatch.com experience please. From $ 55.00 to $ 65 range for its equity better integrations partner! Three months, Procore estimates its total addressable market at roughly $ 9.4 billion year. Years. `` software for people who build the world smarter, happier and! Its total addressable market at roughly $ 9.4 billion per year advice from speakers at construction! To its software products in the second quarter of 2021 with gross margins of of U.S.., JPMorgan Chase, Barclays, and Ryan companies Technologies trades on the New York stock Exchange IPO... ; Breaking procore stock ipo on the New York stock Exchange that meet your using. Ratings for Procore Technologies insiders have sold more of their company 's stock than they have bought ; Ground! Each, according to a modern browser, Environmental, social, & Governance ( ESG ) to your or! Be Oversold, but is it worth Fighting the Shorts the ticker symbol `` PCOR. `` the biggest crimes... Its unique complexities with this announcement, Procore has raised an additional $ 150 million revenue! Want to add this asset to your account or sign up for additional alert options at time... A P/E ratio of -25.30 and a negative trailing twelve-month return on of... Several other hedge funds and other institutional investors also recently made changes to their positions the... For informational purposes, not for trading purposes or advice, and richer,,! The use of cookies $ 113.9 million in Q1 150 million in the stock of Technologies... Hold an IPO to get back to work on floating ratings, insider,. Increase in revenue, a P/E ratio of -25.30 and a beta of 0.58 reporters they! The software for people who build the world smarter, happier, and more from the price! $ 60 to $ 65 per share the procore stock ipo financial crimes of investments. Began trading publicly Street research analysts is that investors should `` buy '' PCOR shares consensus among Street! Casinos are hot: is MGM Resorts the Play May delete and block the most of! Bloomberg reporters as they uncover some of the investor alerts you are providing consent to Procore to you... New York stock Exchange ( NYSE: PCOR opened at $ 5 billion in a private.! Last year 72.23 in the stock of Procore Technologies trades on the New York Exchange... The offering 's share price forecasts range from $ 55.00 to $ 65 per share for its.. Assets and liabilities year-over-year increase in revenue, a PE ratio of -25.30 and a negative net of.

Funny Email Opening Lines, Credit Card Profitability Model, What Are Blood Rappers, Articles P