Procore Technologies, Inc. (PCOR)
Procore Technologies, Inc. is a leading provider of cloud-based construction management software. Founded in 2002, the company's platform offers tools for project management, quality and safety, construction financials, and field productivity, aiming to streamline communication and collaboration across construction projects. Procore serves general contractors, subcontractors, owners, and project partners worldwide, helping improve efficiency, reduce risks, and increase profitability in the construction industry.
Company News
The ENR FutureTech 2025 conference in San Francisco brought together construction industry leaders to discuss the digital transformation of the built environment, with a focus on AI, digital twins, and supply chain innovations.
Procore Technologies, a leading provider of cloud-based construction management software, reported strong revenue growth in Q4 2024, surpassing analyst estimates. However, the company faced challenges with profitability, with non-GAAP EPS falling short of expectations. The company is focusing on revenue model enhancement, international expansion,...
Procore Technologies (PCOR) has seen a 30.04% increase in its short percent of float since the last report. The company has 10.42 million shares sold short, which is 14.33% of all regular shares available for trading. This higher short interest could signal increased bearish sentiment among investors.
Procore Technologies CEO Craig F. Courtemanche Jr. sold 66,500 shares of the company's stock for $4.46 million, as part of a pre-arranged trading plan. The sales come amid mixed analyst views on Procore's prospects.
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