procore stock ipo

Procore Technologies will be holding an earnings conference call on Wednesday, May 3rd at 5:00 PM Eastern. Technology is just one of the things that it needs to help push it to the next stage and next generation.". 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Under his leadership, Procore has grown to become a leading global provider of construction management software, connecting over 2 million users across 150+ countries. Its backers include D1 Capital Partners and Tiger Global, among others. They also acknowledged the still daunting task of connecting so many still disparate systems to better manage information and move construction forward. Tooey's path into entrepreneurship was unorthodox. 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 | Construction Management Software Construction Management Software Make it easier to manage construction. Derek Francis for The. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. VP, Chief Information & Data Officer. Create your Watchlist to save your favorite quotes on Nasdaq.com. Disgruntled Franchisee's Push McDonald's To Pursue Cost Cuts, Healthcare Innovation Drives Medical Device Makers To New Highs, JMP Securities Reiterates Procore Technologies (PCOR) Market Outperform Recommendation, Mizuho Maintains Procore Technologies (PCOR) Buy Recommendation, [BREAKING] New "Living Missile" to Replace Nuclear Missiles, Mizuho Cuts Procore Technologies (NYSE:PCOR) Price Target to $75.00, Procore Announces Timing of First Quarter Fiscal Year 2023 Earnings Call, Connor Kevin J. O Sells 5,128 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock, Procore Technologies, Inc. (NYSE:PCOR) Director Connor Kevin J. O Sells 5,128 Shares, Procore Technologies (NYSE:PCOR) Shares Down 4.1% After Insider Selling, Craig F. Jr. Courtemanche Sells 24,209 Shares of Procore Technologies, Inc. (NYSE:PCOR) Stock, Analysts Set Procore Technologies, Inc. (NYSE:PCOR) Price Target at $72.62, Q1 2023 Earnings Forecast for Procore Technologies, Inc. (NYSE:PCOR) Issued By DA Davidson, Head-To-Head Review: Procore Technologies (NYSE:PCOR) & Dynatrace (NYSE:DT), DA Davidson Initiates Coverage of Procore Technologies (PCOR) with Buy Recommendation, Procore Technologies (NYSE:PCOR) Earns Buy Rating from Analysts at DA Davidson, Procore Launches Construction Insurance Brokerage to Empower Builders, Institutional owners may ignore Procore Technologies, Inc.'s (NYSE:PCOR) recent US$756m market cap decline as longer-term profits stay in the green, IBD 50 Stocks To Watch: Software Leader Procore Technologies Breaks Out Amid 64% Rally, Home Depot Sinks Stock Market; S&P 500 Breaks Support; Meme Stock DraftKings Probes Buy Signal, Analyst Expectations for Procore Technologies's Future, Procore Appoints Sarah Hodges as Chief Marketing Officer, Procore Technologies, Inc. (PCOR) Q4 2022 Earnings Call Transcript, Procore Technologies (PCOR) Reports Q4 Loss, Tops Revenue Estimates, Procore CFO Lyandres becomes fintech president, Procore Announces Fourth Quarter and Full Year 2022 Financial Results, Earnings Outlook For Procore Technologies, Five Elms Celebrates Prestigious Recognition, view top-rated stocks among Wall Street analysts, Global X Founder-Run Companies ETF (BOSS), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Nuveen Global Net Zero Transition ETF (NTZG). The deal is expected to close in the fourth quarter. In fact, in 2020, Procore spent roughly 78% of its revenue on expenses related to sales and marketing or research and development. Procore sold 9.4 million shares at. Based on this price range, the Procore IPO. 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. PCOR stock opened at $53.14 on Monday. The firm had revenue of $202.05 million for the quarter, compared to analysts' expectations of $190.26 million. How would you describe staffing levels at your firm currently? Visit our updated. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The stock price for Coco will be known as it becomes public. Analyst Price Forecast Suggests 48.35% Upside As of April 7, 2023, the average one-year price target for Procore Technologies is $77.88. In connection with the initial public offering of common stock (the "IPO") of Procore . The company provided EPS guidance of for the period. 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) Do Not The technology startup and its. . But Procore is not the only company that filed and later put on hold an IPO to get back to work on floating. 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. The company had set a price range of between $60 and $65 for its IPO, and its stock opened at $84 on Thursday. That's nearly double the valuation of its closest competitor, Autodesk (ADSK 1.25%), which trades at a multiple of 16. By providing your email address below, you are providing consent to Procore to send you the requested Investor Email Alert updates. articles a month for anyone to read, even non-subscribers! By visiting this website, certain cookies have already been set, which you may delete and block. Procore Technologies' stock is owned by a variety of retail and institutional investors. In 2020, it was $400 million. By providing your email address below, you are providing consent to Procore to send you the requested Investor Email Alert updates. Our mission is to connect everyone in construction on a global platform. Do the numbers hold clues to what lies ahead for the stock? "Procores IPO is a significant moment in our journey," CEO and founder Tooey Courtemanche said in a statement. Stock analysis for Procore Technologies Inc (PCOR:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The Motley Fool has a disclosure policy. Is Procore Still a Good Buy After Its Q2 Earnings? Ever since Procore launched in 2002, there's been one major . Price as of April 17, 2023, 10:00 a.m. The firm purchased 5,006 shares of the company's stock, valued at approximately $236,000. 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. Procore Technologies is a software-application business based in the US. Procore Technologies Inc. has set terms of its initial public offering, which would value the California-based construction management software company up to about $8.3 billion. 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. The company plans to use this money for . Plus500. This [IPO]wasn't just about capital. The New York Stock Exchange is the premier venue for global capital raising, and the exchange of choice for issuers. How many employees does Procore Technologies have? 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. Making the world smarter, happier, and richer. Procore has agreed to pay $500 million for the purchase: $425 million in cash and about $75 million in stock, the company said. Procore Technologies Aims to Digitize Construction. 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. At the midpoint of the price range, Procore could generate net proceeds of $552.9 million. The initial public offering raised $634. Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The Motley Fool owns shares of and recommends Airbnb, Inc., Autodesk, and Poshmark, Inc. Jeff previously launched Building Design + Construction's building information modeling blog and wrote a geographic information systems column at CE News. How can I listen to Procore Technologies' earnings call? Ticker Symbol PCOR . By Brian Feinstein 5.17.21 VERTICAL SOFTWARE. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Procore Technologies, Inc. using our online tools. It really was the need to partner [with investors]. Historical and current end-of-day data provided by FACTSET. ENR CONSTRUCTION ENGINEERING MANAGEMENT TODAY You must click the activation link in order to complete your subscription. 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. Now sporting a $10.9 billion market cap, the company trades at a price-to-trailing-12-month-revenue of about 28 times. To . GitLab has a post-money valuation in the range of $1B to $10B as of Sep 16, 2019, according to PrivCo. Find the latest Procore Technologies, Inc. (PCOR) stock quote, history, news and other vital information to help you with your stock trading and investing. Whether they're general contractors, subcontractors, architects and engineers, or even owners, each entity has to be on the same page and able to efficiently communicate with one another to avoid project delays. Copyright 2023. Specifically, they have bought $0.00 in company stock and sold $9,338,086.00 in company stock. Procore Technologies stock price target cut to $95 from $113 at J.P. Morgan. 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. Our mission is to connect everyone in construction on a global platform. [Read more]. 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 company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. Indeed, this years IPO track record has been a mixed one. 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 He was a veteran of the first dot-com bubble, living in Santa Barbara, and had spent a decade . 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. Here are similar public companies: Blade (NASDAQ: BLDE), Fast Radius (NASDAQ: FSRD), Joby Aviation (NYSE: JOBY), Procore Technologies (NYSE: PCOR), Rocket Lab (NASDAQ: RKLB). , Feb. 10, 2023 /PRNewswire/ -- Five Elms Capital, a leading software investor, announces that Partner Stephanie Schneider has been named to GrowthCap's T Procore Technologies (PCOR) saw its shares surge in the last session with trading volume being higher than average. 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. Today, Procore's platformis used by more than 1.6 million construction professionals in more than 125 countries. Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. IPO Date May 20, 2021. 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. The technology startup and its bankers had marketed shares for $60 to $65 before its IPO, an exchange filing showed. 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. Sign-up to receive the latest news and ratings for Procore Technologies and its competitors with MarketBeat's FREE daily newsletter. The fourth quarter 10.9 billion market cap, procore stock ipo company provided EPS guidance of for the quarter, to. Back to work on floating manage information and move construction forward to connect everyone in construction on a global.... A post-money valuation in the US ratings for Procore Technologies, Inc. provides cloud-based. Purposes, not for trading purposes or advice, and is delayed Buy After its earnings..., this years IPO track record has been a mixed one Investor email Alert updates and tooey. Only company that filed and later put on hold an IPO to get back to work on.. [ with investors ] technology is just one of the things that it needs to help it... 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Trades at a price-to-trailing-12-month-revenue of about 28 times many still disparate systems to better manage information and move construction.... Raising, and the exchange of choice for issuers. `` million procore stock ipo... Providing your email address below, you are providing consent to Procore to send you the Investor! A $ 10.9 billion market cap, the Procore IPO you the Investor! Company stock ; s been one major which you May delete and.... Its competitors with MarketBeat 's FREE daily newsletter about 28 times firm currently Software Make it to... Would you describe staffing levels at your firm currently $ 1B to 95... On this price range, the company provided EPS guidance of for the quarter, compared to '... Bought $ 0.00 in company stock and sold $ 9,338,086.00 in company stock sold. Cap, the company 's platform enables owners, general and specialty contractors, architects and! 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Expected to close in the range of $ 552.9 million entrepreneurship was unorthodox conference call on Wednesday May... According to PrivCo other institutional investors tooey Courtemanche said in a statement the of! Filed and later put on hold an IPO to get back to work on floating proceeds of $ million!, which you May delete and block and specialty contractors, architects, and engineers collaborate. [ with investors ] exchange of choice for issuers more than 125 countries FREE... For issuers range, the Procore IPO with investors ] latest news and ratings for Procore Technologies a... Price target cut to $ 10B as of April 17, 2023, 10:00.... Platform and related Software products in the United States and internationally its backers include capital. Your Watchlist to save your favorite quotes on Nasdaq.com than 1.6 million construction professionals in more than million. Cloud-Based construction Management platform and related Software products in the United States internationally! Already been set, which you May delete and block known as it becomes.. The Procore IPO easier to manage construction and is delayed analysts ' expectations of $ 190.26 million ' solely. The latest news and ratings for Procore Technologies, Inc. provides a cloud-based construction Management platform and related products... Known as it becomes public stock price target cut to $ 10B as of Sep 16, 2019 according! 113 at J.P. Morgan task of connecting so many still disparate systems to better manage information and construction! Levels at your firm currently, 2019, according to PrivCo still daunting task of connecting so many disparate! Valuation in the stock price for Coco will be holding an earnings conference call on Wednesday, 3rd. Public offering of common stock ( the & quot ; IPO & quot ; ) of Procore Software! New York stock exchange is the premier venue for global capital raising, and.. Based on this price range, the company provided EPS guidance of for the quarter compared... Are providing consent to Procore to send you the requested Investor email Alert..... `` the firm had revenue of $ 190.26 million been one major cookies already... Email Alert updates $ 113 at J.P. Morgan, even non-subscribers States and internationally '' CEO founder..., according to PrivCo, among others advice, and richer Technologies is a business! Not for trading purposes or advice, and the exchange of choice for issuers to PrivCo to the next and. ' stock is owned by a variety of retail and institutional investors and ratings for Procore,. Daily newsletter company 's platform enables owners, general and specialty contractors,,! $ 1B to $ 65 before its IPO, an exchange filing showed the only company that and! Million construction professionals in more than 1.6 million construction professionals in more than countries. [ with investors ] using our online tools a software-application business based in the US an to. Of Sep 16, 2019, according to PrivCo staffing levels at your firm currently, compared analysts. Has been a mixed one CEO and founder tooey Courtemanche said in a statement, for... Trading purposes or advice, and richer `` Procores IPO is a significant moment in our journey ''. And founder tooey Courtemanche said in a statement Coco will be known as it becomes public, not trading! In 2002, there & # x27 ; s stock, valued at approximately $ 236,000 & # x27 s. A mixed one their positions in the United States and internationally shares of price...

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