Lawrence Joseph Stack, the Chief Revenue Officer of Procore Technologies , Inc. (NYSE:PCOR), recently sold 1,000 shares of common stock. The transaction, which took place on May 9, 2025, was executed at a price of $65.60 per share, amounting to a total of $65,600. The sale occurred as PCOR’s stock has shown strong momentum, with a 12.3% return over the past week. According to InvestingPro analysis, the company maintains impressive gross profit margins of 81.2% and holds more cash than debt on its balance sheet. Following this sale, Stack holds 217,868 shares directly. With PCOR’s current market capitalization of $10.8 billion and an overall financial health score rated as "GOOD" by InvestingPro, investors can access 10+ additional exclusive insights and detailed analysis through the Pro Research Report.
In other recent news, Procore Technologies reported its first-quarter 2025 earnings, surpassing revenue and earnings per share (EPS) forecasts. The company achieved a non-GAAP EPS of $0.23, exceeding the consensus estimate of $0.18, and generated revenue of $311 million, which was above the anticipated $302.6 million. Revenue grew by 15% year-over-year, with international revenue showing significant growth. Stifel analysts reduced their price target for Procore Technologies to $75 but maintained a Buy rating due to the company’s strong first-quarter results. Meanwhile, Citizens JMP reaffirmed a Market Outperform rating with a $95 price target, reflecting confidence in Procore’s future prospects.
Procore’s calculated Remaining Performance Obligations (cRPO) increased by 20% year-over-year, and Total Remaining Performance Obligations (Total RPO) rose by 28%, indicating strong financial growth. Despite these positive results, Procore provided conservative guidance for the second quarter of fiscal year 2025 but maintained its full-year revenue guidance. Management expressed confidence in meeting these targets, even if macroeconomic conditions worsen. The company’s focus on AI-driven innovation and platform integration remains a priority, and Procore continues to optimize for free cash flow per share and long-term margin expansion.
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