PCOR (Procore Technologies) Momentum Rank : 8 (As of Dec. 12, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Procore Technologies Momentum Rank?

Procore Technologies has the Momentum Rank of 8.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Procore Technologies's Momentum Rank

For the Software - Application subindustry, Procore Technologies's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Procore Technologies's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Procore Technologies's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Procore Technologies's Momentum Rank falls into.

Procore Technologies Momentum Rank Related Terms

Thank you for viewing the detailed overview of Procore Technologies's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Procore Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Procore Technologies Inc (NYSE:PCOR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

5PT:Germany

Address

6309 Carpinteria Avenue, Carpinteria, CA, USA, 93013

Website

https://www.procore.com

Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics. The software products are hosted on its cloud-based SaaS construction management platform. Subscriptions are sold for a fixed fee and revenue is recognized ratably over the term of the subscription.

Executives

Kathryn Bueker	director	C/O HUBSPOT, INC., 25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
Steven Scott Davis	officer: President Product & Technology	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Benjamin C Singer	officer: Chief Legal Officer; Secretary	5 CROSBY STREET, NEW YORK NY 10013
Howard Fu	officer: CFO & Treasurer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Courtemanche Craig F. Jr.	director, officer: Chief Executive Officer, other: Chairman of the Board	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Fleming William Fred Jr	officer: VP, Corporate Controller	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Griffith William J.g.	director, 10 percent owner	21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
O Connor Kevin J	director	C/O DOUBLECLICK INC., 111 EIGHTH AVENUE, NEW YORK NY 10011
Iconiq Strategic Partners Ii, L.p.	10 percent owner	50 BEALE ST., STE 2300, SAN FRANCISCO CA 94105
Joy Driscoll Durling	officer: Chief Data Officer	772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Nanci Caldwell	director	C/O DELTEK, INC., 2291 WOOD OAK DRIVE, HERNDON VA 20171
Graham Smith	director	301 BRANNMAN ST, SAN FRANCISCO CA 94107
Elisa Steele	director	1601 CLOVERFIELD BLVD, STE 620 SOUTH, SANTA MONICA CA 90404
Paul Lyandres	officer: Chief Financial Officer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Dennis Lyandres	officer: Chief Revenue Officer	6309 CARPINTERIA AVE, CARPINTERIA CA 93013