Procore Technologies Inc (PCOR) has disclosed a new risk, in the Share Price & Shareholder Rights category.

Procore Technologies Inc. faces potential risks with its recently authorized stock repurchase program, intended to buy back up to $300 million of its common stock by October 2025. While the program aims to enhance long-term stockholder value, its success is uncertain due to factors like fluctuating stock prices and market conditions that may impede repurchases. Furthermore, the program could increase stock price volatility and reduce liquidity, while diminishing cash reserves needed for operational and strategic initiatives. Failure to execute the program as intended may negatively affect the company's stock price and investor confidence, undermining the expected benefits.