Wilson Asset Management International PTY Ltd. Sells 18,426 Shares of Procore Technologies, Inc. $PCOR

Key Points

• Wilson Asset Management International reduced its position in Procore by 15.6%, selling 18,426 shares and leaving it with 99,925 shares worth about $7.27 million (1.9% of the firm's portfolio and its 20th-largest holding).
• Q1 results were mixed: revenue beat at $359.3M (up 15.7% YoY) and management raised full‑year outlook, but GAAP EPS missed estimates ($0.34 vs. $0.36) and Q2 revenue guidance was slightly below consensus.
• Insider and analyst activity: insiders sold 148,026 shares (~$7.78M) in the last 90 days including the chairman's 56,122‑share sale, while analysts have trimmed price targets but the consensus remains a "Moderate Buy" with an average target of $73.25.

Wilson Asset Management International PTY Ltd. reduced its position in Procore Technologies, Inc. (NYSE:PCOR - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,925 shares of the company's stock after selling 18,426 shares during the period. Procore Technologies makes up 1.9% of Wilson Asset Management International PTY Ltd.'s investment portfolio, making the stock its 20th largest holding. Wilson Asset Management International PTY Ltd. owned about 0.06% of Procore Technologies worth $7,269,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Procore Technologies by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 3,428,825 shares of the company's stock valued at $249,416,000 after acquiring an additional 127,256 shares in the last quarter. Conestoga Capital Advisors LLC lifted its position in Procore Technologies by 23.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 385,193 shares of the company's stock valued at $28,019,000 after acquiring an additional 72,481 shares in the last quarter. Citizens Financial Group Inc. RI lifted its position in Procore Technologies by 128.9% in the 4th quarter. Citizens Financial Group Inc. RI now owns 23,580 shares of the company's stock valued at $1,715,000 after acquiring an additional 13,278 shares in the last quarter. Jennison Associates LLC lifted its position in Procore Technologies by 8.9% in the 4th quarter. Jennison Associates LLC now owns 569,097 shares of the company's stock valued at $41,396,000 after acquiring an additional 46,355 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida bought a new position in Procore Technologies in the 4th quarter valued at about $245,000. 81.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PCOR shares. BMO Capital Markets dropped their price target on shares of Procore Technologies from $87.00 to $67.00 and set an "outperform" rating on the stock in a research report on Thursday, February 5th. Wall Street Zen cut Procore Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. UBS Group dropped their price objective on Procore Technologies from $87.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, February 3rd. Piper Sandler dropped their price objective on Procore Technologies from $79.00 to $71.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price objective on Procore Technologies from $85.00 to $63.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.25.

Insiders Place Their Bets

In other news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of Procore Technologies stock in a transaction on Friday, April 10th. The stock was sold at an average price of $47.64, for a total transaction of $2,673,652.08. Following the sale, the chairman directly owned 927,580 shares in the company, valued at $44,189,911.20. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 4,225 shares of Procore Technologies stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $50.00, for a total value of $211,250.00. Following the sale, the insider owned 64,660 shares in the company, valued at $3,233,000. The trade was a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 148,026 shares of company stock valued at $7,783,734 in the last 90 days. 16.80% of the stock is currently owned by corporate insiders.

Procore Technologies Price Performance

Procore Technologies stock opened at $54.68 on Wednesday. Procore Technologies, Inc. has a 52 week low of $46.08 and a 52 week high of $82.32. The company's 50 day moving average price is $55.64 and its two-hundred day moving average price is $64.41. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.02. The stock has a market cap of $8.25 billion, a P/E ratio of -81.61 and a beta of 0.78.

Procore Technologies (NYSE:PCOR - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Procore Technologies had a negative return on equity of 3.96% and a negative net margin of 7.62%.The firm had revenue of $359.28 million for the quarter, compared to the consensus estimate of $352.82 million. During the same period in the prior year, the business earned $0.23 EPS. Procore Technologies's quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities analysts predict that Procore Technologies, Inc. will post 0.09 earnings per share for the current year.

Procore Technologies News Roundup

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q1 revenue beat — Procore reported $359.3M in revenue (up 15.7% YoY), above Street estimates, signaling continued top‑line momentum that supported investor optimism. Procore Technologies NYSE: PCOR Beats Q1 CY2026 Sales Expectations But Stock Drops
• Positive Sentiment: Management raised full‑year outlook — CEO commentary and the company press release said Q1 performance exceeded the high end of guidance and enabled an increase to the full‑year outlook, a bullish signal for revenue trajectory and investor confidence. Procore Announces First Quarter 2026 Financial Results
• Positive Sentiment: New AI board appointment highlighted — The company named an AI specialist to its board, which markets viewed as a strategic move to accelerate product AI integration and future revenue opportunities. That news contributed to intraday upside in some headlines. Why Procore Technologies (PCOR) Is Up 11.6% After Narrower Losses And New AI Board Appointment - And What's Next
• Neutral Sentiment: EPS improved YoY but missed estimates — GAAP EPS was $0.34 (versus $0.23 a year ago), showing profit improvement Y/Y, but it missed the consensus of $0.36, producing a mixed read for growth vs. near‑term profitability. Procore Technologies (PCOR) Lags Q1 Earnings Estimates
• Neutral Sentiment: Earnings call transcript & details available — Management comments in the Q1 call add color on sales strength, margin progression and AI strategy; investors should review the transcript for guidance clarity and execution cues. Procore Technologies, Inc. (PCOR) Q1 2026 Earnings Call Transcript
• Negative Sentiment: EPS miss and continued negative margins — The small EPS shortfall versus estimates and a negative net margin/ROE highlight ongoing profitability challenges that can cap valuation expansion and spark selling pressure. Procore Technologies: Earnings details (MarketBeat)
• Negative Sentiment: Q2 revenue guide slightly below consensus — Procore gave Q2 revenue guidance of about $364–$366M vs. consensus near $366.1M, a marginal miss that may have amplified downside from the EPS miss. Procore Announces First Quarter 2026 Financial Results

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

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