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An announcement from Procore Technologies ( (PCOR) ) is now available.
On March 10, 2026, Procore’s board appointed Rachel Pyles as Chief Financial Officer Designate and Robert “Walt” Hearn as Chief Revenue Officer Designate, effective immediately, with both to assume full CFO and CRO roles on April 1, 2026. Incumbent leaders Howard Fu and Larry Stack will remain in place until that date and then shift to short-term strategic advisory positions to support an orderly transition.
Pyles, a veteran finance executive with prior senior roles at Ansys, Synopsys-related transition work, and FIS/Worldpay, will receive a compensation package featuring a $450,000 base salary, cash bonus eligibility, and substantial time- and performance-based equity awards tied to total shareholder return and long-term value creation. Hearn, who led worldwide sales and customer excellence at Ansys and consistently delivered double-digit revenue growth, brings deep sales and customer success experience to Procore’s go-to-market efforts.
The leadership changes underscore Procore’s intent to pair seasoned technology-industry executives with its construction software franchise as it enters what management describes as a pivotal growth phase. In conjunction with announcing these appointments on March 10, 2026, the company reaffirmed its first-quarter and full-year fiscal 2026 guidance, signaling continuity in its financial outlook during the C-suite transition.
The most recent analyst rating on (PCOR) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on Procore Technologies stock, see the PCOR Stock Forecast page.
Spark’s Take on PCOR Stock
According to Spark, TipRanks’ AI Analyst, PCOR is a Neutral.
PCOR scores solidly on improving fundamentals and cash generation, reinforced by bullish FY2026 guidance for margin and free-cash-flow expansion. The overall score is held back by weak technicals (downtrend and bearish momentum) and limited valuation support due to ongoing GAAP losses.
To see Spark’s full report on PCOR stock, click here.
More about Procore Technologies
Procore Technologies, Inc. is a leading global provider of construction management software and a technology partner for every stage of construction. Its unified, AI- and data-driven platform is designed to drive efficiency and mitigate risk for construction stakeholders, with more than three million projects run on Procore across over 150 countries worldwide.
The company focuses on delivering a market-leading collaboration hub for the construction industry, positioning itself at the center of project workflows. By emphasizing AI capabilities and data insights, Procore aims to deepen its role in digitizing construction and supporting customers’ operational and financial performance at scale.
Procore’s platform and services are targeted at contractors, owners, and other construction participants seeking to improve project execution and risk management. Its market strategy centers on extending its leadership in construction technology while capturing further growth opportunities in both existing and international markets.
Average Trading Volume: 2,251,069
Technical Sentiment Signal: Sell
Current Market Cap: $8.81B
Find detailed analytics on PCOR stock on TipRanks’ Stock Analysis page.