Procore Technologies Management
Management criteria checks 3/4
Procore Technologies' CEO is Tooey Courtemanche, appointed in Jan 2002, has a tenure of 22.92 years. total yearly compensation is $12.92M, comprised of 4.2% salary and 95.8% bonuses, including company stock and options. directly owns 2.36% of the company’s shares, worth $268.09M. The average tenure of the management team and the board of directors is 1.9 years and 4.8 years respectively.
Key information
Tooey Courtemanche
Chief executive officer
US$12.9m
Total compensation
| CEO salary percentage | 4.2% |
| CEO tenure | 22.9yrs |
| CEO ownership | 2.4% |
| Management average tenure | 1.9yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
Procore: Future Remains Bright
Dec 06Optimistic Investors Push Procore Technologies, Inc. (NYSE:PCOR) Shares Up 28% But Growth Is Lacking
Nov 26
Procore Technologies: Sales Force Expansion And International Expansion, Buy
Nov 19Is There An Opportunity With Procore Technologies, Inc.'s (NYSE:PCOR) 37% Undervaluation?
Nov 03Procore Technologies: Strong Growth, Expanding Margins, And Relative Undervaluation
Oct 04What Procore Technologies, Inc.'s (NYSE:PCOR) P/S Is Not Telling You
Sep 29Procore: My Pick For An IT Stock Whose Business Can Recover As Interest Rates Start To Fall
Sep 25Procore Technologies: Opportunity For The Long-Term
Aug 17Procore Technologies: Well-Positioned To Benefit From The Construction Industry Digitization Trend
Jul 05Investors Appear Satisfied With Procore Technologies, Inc.'s (NYSE:PCOR) Prospects
Jun 28Shareholders May Not Be So Generous With Procore Technologies, Inc.'s (NYSE:PCOR) CEO Compensation And Here's Why
May 31Baron Funds - Procore Technologies: Large And Growing TAM Provides A Long Runway
May 03Procore Technologies, Inc.'s (NYSE:PCOR) Intrinsic Value Is Potentially 77% Above Its Share Price
May 02Procore Technologies: A Promising Founder-Led Company With Large Opportunity
Apr 06Procore: A Fintech-Infused Growth Story
Feb 27Procore Technologies: Cashing In On Potential Infrastructure Gold Rush
Feb 20Revenues Tell The Story For Procore Technologies, Inc. (NYSE:PCOR)
Feb 19Procore Technologies, Inc. (NYSE:PCOR) Shares Could Be 38% Below Their Intrinsic Value Estimate
Jan 23Procore: The Economy Is Cooling But Construction Spend Is Growing And Procore's Profitability Is Rising
Dec 06Procore: Long-Term Outlook Remains Fine
Nov 20Procore Technologies Sees Pockets Of Caution And Operating Losses Remain High
Sep 29Procore Technologies: Attractive Growth Potential, But Concerns Remain
Jul 22Procore Technologies, Inc. Sustains Momentum, Amplifying Its Construction Network's Reach And Scale
Jul 03Procore Technologies: Pulled Forward Profitability Timeline
Jun 12CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$73m |
| Jun 30 2024 | n/a | n/a | -US$91m |
| Mar 31 2024 | n/a | n/a | -US$137m |
| Dec 31 2023 | US$13m | US$545k | -US$190m |
| Sep 30 2023 | n/a | n/a | -US$231m |
| Jun 30 2023 | n/a | n/a | -US$259m |
| Mar 31 2023 | n/a | n/a | -US$279m |
| Dec 31 2022 | US$14m | US$518k | -US$287m |
| Sep 30 2022 | n/a | n/a | -US$267m |
| Jun 30 2022 | n/a | n/a | -US$246m |
| Mar 31 2022 | n/a | n/a | -US$323m |
| Dec 31 2021 | US$11m | US$460k | -US$265m |
| Sep 30 2021 | n/a | n/a | -US$264m |
| Jun 30 2021 | n/a | n/a | -US$230m |
| Mar 31 2021 | n/a | n/a | -US$94m |
| Dec 31 2020 | US$14m | US$313k | -US$96m |
| Dec 31 2019 | US$3m | US$250k | -US$83m |
Compensation vs Market: Tooey's total compensation ($USD12.92M) is about average for companies of similar size in the US market ($USD12.85M).
Compensation vs Earnings: Tooey's compensation has been consistent with company performance over the past year.
CEO
Tooey Courtemanche (56 yo)
22.9yrs
Tenure
US$12,918,339
Compensation
Mr. Craig F. Courtemanche, Jr., also known as Tooey, founded Procore Technologies, Inc. in 2002 and has been its Chief Executive Officer and Director since January 2002. He serves as Chairman at Procore Te...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.9yrs | US$12.92m | 2.36% $ 268.1m | |
| CFO & Treasurer | 1.6yrs | US$5.59m | 0.039% $ 4.5m | |
| President of Product & Technology | 2.3yrs | US$3.59m | 0.0045% $ 514.3k | |
| Chief Legal Officer & Corporate Secretary | 5.7yrs | US$3.91m | 0.0068% $ 771.4k | |
| Chief Business Officer | 1.6yrs | US$5.58m | 0.11% $ 12.0m | |
| Chief Data Officer | 1.9yrs | US$2.34m | 0.0049% $ 560.9k | |
| SVP, Corporate Controller & Principal Accounting Officer | 6.5yrs | no data | 0.025% $ 2.8m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | 1.8yrs | no data | no data | |
| Chief People Officer | less than a year | no data | no data | |
| Chief Experience Officer | 5.1yrs | US$434.69k | no data | |
| Chief Product Officer | 1.9yrs | no data | no data |
1.9yrs
Average Tenure
48.5yo
Average Age
Experienced Management: PCOR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.9yrs | US$12.92m | 2.36% $ 268.1m | |
| Independent Non-Executive Director | 20.6yrs | US$280.17k | 0.86% $ 98.0m | |
| Lead Independent Director | 4.8yrs | US$275.37k | 0.029% $ 3.3m | |
| Non-Executive Director | 9.8yrs | no data | 1.76% $ 200.5m | |
| Independent Non-Executive Director | 4.8yrs | US$289.47k | 0.038% $ 4.3m | |
| Independent Non-Executive Director | 3.7yrs | US$280.17k | 0.0096% $ 1.1m | |
| Independent Director | 4.8yrs | US$287.67k | 0.036% $ 4.1m | |
| Independent Non-Executive Director | 10.5yrs | US$9.83k | 0.15% $ 17.5m | |
| Independent Director | 3yrs | US$277.67k | 0.0060% $ 681.5k |
4.8yrs
Average Tenure
56.5yo
Average Age
Experienced Board: PCOR's board of directors are considered experienced (4.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:44 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Procore Technologies, Inc. is covered by 28 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Vruwink | Baird |
| Saket Kalia | Barclays |
| Gal Munda | Berenberg |