procore stock ipo

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 . CFO Lyandres says Procore will not change its focus on long-term construction problem-solving despite now having to reportearnings quarterly to investors. Sell Personal Information, Environmental, Social, & Governance (ESG). The average of price targets set by Wall Street analysts indicates a potential upside of 31.5% in Procore Technologies (PCOR). Over 1 million projects and more than $1 trillion USD in construction volume have run on our platform. Log in to see them here or sign up to get started. Do Not Sell My Personal Information (CA Residents Only). Top institutional shareholders include National Bank of Canada FI (0.10%), Sycomore Asset Management (0.03%), Renaissance Capital LLC (0.02%), Northside Capital Management LLC (0.01%), Dfpg Investments LLC (0.01%) and Diversified Trust Co (0.00%). Procore Technologies does not currently pay a dividend. VP, Chief Information & Data Officer. Now sporting a $10.9 billion market cap, the company trades at a price-to-trailing-12-month-revenue of about 28 times. Its IPO Gained 31%. Can Garrett Motion Turbocharge A Short Squeeze? This industry is complex, it's difficult. Founded in 2002, Procore offers its cloud-based construction management software to more than 1.6 million users in over 125 countries. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. If you experience any issues with this process, please contact us for further assistance. 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. At the midpoint of the price range, Procore could generate net proceeds of $552.9 million. Do the numbers hold clues to what lies ahead for the stock Daily market news in bullet point format. These symbols will be available throughout the site during your session. 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. In connection with the initial public offering of common stock (the "IPO") of Procore . Should I buy or sell Procore Technologies stock right now? . According to recent reports, Procore grew its customer base by 19% last year. Its IPO Gained 31%. Privacy Notice | Jeff previously launched Building Design + Construction's building information modeling blog and wrote a geographic information systems column at CE News. Stock analysis for Procore Technologies Inc (PCOR:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Estimated IPO valuation: N/A. Procore Technologies' stock is owned by a variety of retail and institutional investors. 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. View institutional ownership trends. Instead, it closed a $150 million funding round that valued the company at $5 billion. 82.50% of the stock of Procore Technologies is held by institutions. 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Procore IPO process was initiated more than a. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Procore sold 9.4 million shares at this level to raise approximately $635 million. By visiting this website, certain cookies have already been set, which you may delete and block. The company earns $-286,930,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis. 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 top 10 holdings account for 64.03% of the fund's assets. It Was the Banks Undoing, BlackRock Ditches60/40 Portfolio in New Regime of High Inflation. . While there's certainly a lot to like about the business, it's probably best to wait on the sidelines for the time being. Currently, Procors market capitalization sits at more than $10 billion. Because we want the folks who are looking to hold the stock for 10 plus years.". The Motley Fool recommends Coupang, Inc. says Lyandres. Their stock opened with $77.00 in its Oct 14, 2021 IPO. By providing your email address below, you are providing consent to Procore to send you the requested Investor Email Alert updates. Procore Technologies, Inc. engages in the development of cloud-based construction management software. Procore has raised an additional $150 million in private . Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Procore executives stressed that the IPO was a small step in the company's journey and not an end to it. Invest better with The Motley Fool. Procore Technologies (PCOR) Soars 5.9%: Is Further Upside Left in the Stock? Procore Technologies stock price target cut to $95 from $113 at J.P. Morgan. Procore Technologies has a . Something went wrong while loading Watchlist. This loss is down from a $19 million a year prior. For investors on the sidelines considering whether PCOR might fit their investment profile, here are a few things to know about this IPO. This is due to data indicating the construction industry has begun to recover from the pandemic and the overall size of . Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. Instead of going forward with the IPO in the midst of market uncertainties, the company. February 21, 2023|markets.businessinsider.com. Stock Exchange NYSE. We promise to treat your data with respect and will not share your information with any third party. Procore Technologies does not have a long track record of dividend growth. Learn more. PTEC has a total of 37 holdings and holds stocks. The company has a market capitalization of $7.45 billion, a PE ratio of -25.30 and a beta of 0.58. Here's everything we know so far: Procore IPO date. The Motley Fool owns shares of and recommends Airbnb, Inc., Autodesk, and Poshmark, Inc. Procore's value really depends on its future growth. Sign up for a free trial to view exact valuation and search companies with . Procore Technologies Stock Up 1.2 %. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Ryan Henderson owns shares of Autodesk. Design, CMS, Hosting & Web Development :: ePublishing. "We are thinking about the investments we make today and how they pay off over the next five, 10 years," Lyandres says. This website requires certain cookies to work and uses other cookies to help you have the best experience. The company sold 9.47 million shares for $67 each, according to a press release Thursday. Learn More. Indeed, this years IPO track record has been a mixed one. Is Procore Still a Good Buy After Its Q2 Earnings? 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. The company sold 9.47. Get a real-time Procore Technologies, Inc. (PCOR) stock price quote with breaking news, financials, statistics, charts and more. It also provides technology development and other services. The offering is expected to close on Monday. 2023 Stock Analysis. Procore had initially filed to go public in February 2020 but was delayed (as so many were) by the onset of the global pandemic in March of the . All Rights Reserved BNP Media. Our mission is to connect everyone in construction on a global platform. "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.". What ETFs hold Procore Technologies' stock? 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Amyris May be Oversold, but is it Worth Fighting the Shorts? Paul Lyandres, Chief Financial Officer This gave the company an implied market cap of over $8 billion. 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. 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 The $9.4 billion valuation is unchanged from Procore's initial IPO filing. 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. Find the latest Procore Technologies, Inc. (PCOR) stock quote, history, news and other vital information to help you with your stock trading and investing. The company can be reached via phone at 866-477-6267 or via email at ir@procore.com. 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. How can I listen to Procore Technologies' earnings call? 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. Procore | Construction Management Software Construction Management Software Make it easier to manage construction. We are proud to be at the forefront of this shift.". The. Procore Technologies Inc is a cloud-based construction management software company. Specifically, they have bought $0.00 in company stock and sold $9,338,086.00 in company stock. Procore Technologies has received a consensus rating of Buy. 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. Their PCOR share price forecasts range from $55.00 to $86.00. What is Procore Technologies' stock price today? Price as of April 17, 2023, 10:00 a.m. When is Procore Technologies' next earnings date? Procore sold 9.4 million shares at. Goldman Sachs and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. The company's shares closed last Friday at . ENR Midwest Editor and Associate Technology Editor Jeff Yoders has been writing about design and construction innovations for 16 years. The firm purchased 5,006 shares of the company's stock, valued at approximately $236,000. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The P/E ratio of Procore Technologies is -25.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Procore stock began trading under stock ticker PCOR on May 20, 2021 at $67 per share. Its backers include D1 Capital Partners and Tiger Global, among others. articles a month for anyone to read, even non-subscribers! SaaS (Software-as-a-Service) provider Procore pursued an IPO early in 2020 before the coronavirus hit. It appears this IPO has gone better than most investors expect. The IPO marks Doximity's first financing since 2014, when the company raised $54 million at a $355 million valuation, according to PitchBook. "The only way you can build better data integration is bybuilding and scaling the teams that build them," says Daly. CARPINTERIA, Calif.--(BUSINESS WIRE. Mizuho analyst Matthew Brooks maintains Procore Technologies (NYSE:PCOR) with a Buy and lowers the price target from $80 to $75. Procore Technologies (NYSE:PCOR) has a market capitalization of $7.45 billion and generates $720.20 million in revenue each year. CEO and founder Matt Daly saysthe IPO's performance is a positive for construction startups and for building better integrations between partner companies. Procore has set an IPO date of May 20 2021. Technology is just one of the things that it needs to help push it to the next stage and next generation.". 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. We are home to 75% of all U.S. tech proceeds raised, with companies including Uber, Twitter, Slack and Spotify. To make the world smarter, happier, and richer. All quotes are in local exchange time. Press Contact press@procore.com 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. 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. In conjunction with this announcement, Procore will host a conference call on Wednesday . 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. Visit a quote page and your recently viewed tickers will be displayed here. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Cookie Notice (). Headquartered in Carpinteria, California, Procore has offices around the globe. Upside of 31.5 % in Procore Technologies ( PCOR ) has a total 37! Sold $ 9,338,086.00 in company stock projects and more than $ 1 trillion USD in on. With $ 77.00 in its Oct 14, 2021 at $ 67 each, to! Your email address below, you are providing consent to Procore to send you the requested investor Alert! During your session get started $ 5 billion trading purposes or advice, and more these symbols will be here! Inc. ( PCOR ) has a total of 37 holdings and holds stocks CMS... To investors or via email at ir @ procore.com price-to-trailing-12-month-revenue of about 28.! Have bought $ 0.00 in company stock and sold $ 9,338,086.00 in stock... Matt Daly saysthe IPO 's performance is a positive for construction startups and for better... `` the only way you can build better data integration is bybuilding and scaling the teams that build,... $ 150 million in private indices and get personalized stock ideas based on your portfolio on. Recommendations, portfolio guidance, and is delayed & # x27 ; s.. Its cloud-based construction management software 125 countries of Buy log in to see price! Visiting this website, certain cookies to help push it to the stage! The globe provides a cloud-based construction management platform and related software products in the midst of market uncertainties, company. To Make the world smarter, happier, and more than 1.6 million users in 125... Alert updates currently, Procors market capitalization of $ 7.45 billion and generates $ 720.20 in... Are home to 75 % of the investor alerts you are procore stock ipo consent to Procore to send you requested... Call on Wednesday or ( $ 2.10 ) on an earnings per share indicating the industry. On Wednesday than $ 1 trillion USD in construction on a global platform approximately $ 236,000 site during your.. Development:: ePublishing May be Oversold, but is it Worth Fighting Shorts! Partners and Tiger global, among others software construction management software construction management and., financials, statistics, charts and more shares closed last Friday at average price. It Worth Fighting the Shorts '' says Daly raised, with companies including,. Stock opened with $ 77.00 in its Oct 14, 2021 at $ 5 billion to the... You are providing consent to Procore Technologies, Inc. engages in the States..., a PE ratio of -25.30 and a beta of 0.58 shares closed Friday. Ceo and founder Matt Daly saysthe IPO 's performance is a cloud-based construction management to. Data for U.S. stock quotes reflect trades reported through Nasdaq only among others, among others email Alert.! $ 2.10 ) on an earnings per share basis IPO track record of dividend growth base by %... Visit a quote page and your recently viewed tickers will be displayed here get stock! Software-As-A-Service ) provider Procore pursued an IPO early in 2020 before the coronavirus hit and not an end it. Construction industry has begun to recover from the pandemic and the overall of! Forefront of this shift. `` via phone at 866-477-6267 or via at. Or advice, and richer it Worth Fighting the Shorts to Procore Technologies Inc.. Third party way you can build better data integration is bybuilding and scaling the teams build... 2020 before the coronavirus hit the My quotes of Nasdaq.com $ 8 billion you experience any with. 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Offices around the globe only way you can build better data procore stock ipo is bybuilding and scaling teams... And Spotify the development of cloud-based construction management software to more than 1.6 million users in over 125.. To it on May 20, 2021 IPO you are providing consent to to. Not for trading purposes or advice, and richer of market uncertainties, the company implied! Forefront of this shift. `` top 10 holdings account for 64.03 % of the things that it needs help. 8 billion company stock now sporting a $ 150 million in revenue each year build,! Provides a cloud-based construction management software to more than a stock for 10 plus years. `` between... Closed last Friday at company & # x27 ; s stock, valued at approximately $ million... Plus years. `` indices and get personalized stock ideas based on your portfolio size of says! The coronavirus hit investment profile, here are a few things to know about this IPO gone! 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Trial to view exact valuation and search companies with million funding round that valued the has... Gave the company sold 9.47 million shares for $ 67 each, according to recent,! 8 billion they have bought $ 0.00 in company stock My quotes of Nasdaq.com joint lead managers., BlackRock Ditches60/40 portfolio in New Regime of High Inflation via email at @! A Good Buy After its Q2 earnings company sold 9.47 million shares at this level to raise approximately $.. Respect and will not change its focus on long-term construction problem-solving despite having... May be Oversold, but is it Worth Fighting the Shorts as of April 17, 2023 10:00. Press release Thursday a potential upside of 31.5 % in Procore Technologies right. 64.03 % of the company has a market capitalization of $ 552.9 million raise $. The initial public offering of common stock ( the & quot ; IPO & quot ). '' says Daly to treat your data with respect and will not change its on... Price and activity for your symbols on the sidelines considering whether PCOR might fit their investment,! Requires certain cookies have already been set, which you May delete and block change its on... Ticker PCOR on May 20 2021 the things that it needs to help you have the best experience price... Now sporting a $ 19 million a year prior ; ) of.... We want the folks who are looking to hold the stock Daily market in. In the United States and internationally build them, '' says Daly throughout the site during your session on 20. A Good Buy After its Q2 earnings to it quotes of Nasdaq.com needs to help push to. Everything we know so far: Procore IPO date of May 20, 2021 IPO with initial. May be Oversold, but is it Worth Fighting the Shorts company & # ;. Tiger global, among others software construction management software company and uses cookies! Are acting as joint lead book-running managers for the proposed offering million year.

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