secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001193125-24-263429
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000119312524263429/0001193125-24-263429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000119312524263429/d844265d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-263429

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer