Procore announces $300M share repurchase; outlines capital allocation priorities at 2024 Investor Day

PROCORE TECHNOLOGIES, INC.

$300M stock repurchase authorization over 1 year; ~3% of market cap as of Nov 15, 2024.
Capital allocation priorities: organic growth (primary), tuck-in M&A, and share repurchases.
FY25 S&M as % of revenue expected similar or lower vs FY24; GTM investment pulled forward from FY26.

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