Procore Technologies Announces New CEO Ajei Gopal Amid Market Changes

NEW YORK, NY — Procore Technologies, Inc. has appointed Ajei Gopal as its new Chief Executive Officer, effective immediately. The announcement comes as the company navigates a challenging market environment, with its stock closing at $70.41 on September 22, 2025, down 1.26% from the previous day.

Procore, a global provider of cloud-based construction management software, aims to empower stakeholders in the construction industry. Gopal, who has a strong background in technology and leadership, will focus on enhancing Procore’s capabilities in connecting owners, general contractors, specialty contractors, architects, and engineers.

With integrated product categories like Preconstruction and Project Execution, Procore offers tools designed to automate workflows, provide real-time transparency, and support collaboration throughout the construction project lifecycle. Users can access these products from any location using internet-connected devices, which will help them respond to the evolving demands of their clients.

As of now, Procore’s stock has fallen 6.03% over the past five days, contributing to concerns among investors. The average analyst rating for the company remains positive, with a price target of $82.12, implying a potential increase of 15.16% from the last closing price.

In his new role, Gopal is expected to leverage Procore’s open APIs and application marketplace for further integrations with customers’ internal systems, pushing for innovation in the construction tech sector.