Procore Technologies (NYSE:PCOR) Director Connor Kevin O Sells 7,692 Shares of Company Stock

Key Points

• Director Connor Kevin O sold 7,692 shares for about $419,445 at an average price of $54.53 under a pre-arranged Rule 10b5-1 plan; he retained 900,594 shares after the sale.
• Procore reported quarterly adjusted EPS of $0.51, beating estimates, and revenue of $402.3 million, up 18.7% year over year and above expectations.
• The shares rose 19.7% to $75.62 in Wednesday trading, while the article cited a consensus analyst price target of $71.05.

Procore Technologies, Inc. (NYSE:PCOR - Get Free Report) Director Connor Kevin O sold 7,692 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $54.53, for a total value of $419,444.76. Following the sale, the director owned 900,594 shares of the company's stock, valued at approximately $49,109,390.82. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Procore Technologies Stock Up 19.7%

NYSE PCOR traded up $12.45 during trading on Wednesday, hitting $75.62. The company's stock had a trading volume of 9,022,299 shares, compared to its average volume of 3,114,661. The firm has a market cap of $11.49 billion, a P/E ratio of -328.75 and a beta of 0.75. The firm has a 50 day moving average price of $56.99 and a 200 day moving average price of $53.40. Procore Technologies, Inc. has a 52 week low of $38.03 and a 52 week high of $82.32.

Procore Technologies (NYSE:PCOR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $402.31 million during the quarter, compared to analyst estimates of $384.38 million. Procore Technologies had a negative net margin of 2.31% and a positive return on equity of 2.59%. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, equities analysts expect that Procore Technologies, Inc. will post 0.41 earnings per share for the current year.

Key Headlines Impacting Procore Technologies

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

• Positive Sentiment: Procore reported Q3 adjusted earnings of $0.51 per share, above analyst estimates of roughly $0.45–$0.46, while revenue of $402.3 million exceeded expectations of about $384 million and increased 18.7% year over year. Management said revenue and margins came in above the high end of guidance. Procore Q3 2026 results
• Positive Sentiment: The company said Procore AI’s “digital coworkers” became generally available, adding a product-development catalyst alongside the earnings beat. Procore Q3 2026 results
• Neutral Sentiment: JPMorgan raised its price target from $69 to $74 and maintained an Overweight rating. The new target is below the share price cited in the report, tempering the upgrade’s near-term upside signal. JPMorgan price target update
• Neutral Sentiment: Commentary on valuation was mixed: one analysis described the stock as close to fair value based on cash flow, while another estimated potential undervaluation. These are model-based assessments rather than company announcements. Procore valuation analysis

Wall Street Analysts Forecast Growth

PCOR has been the subject of several recent research reports. Guggenheim assumed coverage on shares of Procore Technologies in a report on Thursday, July 23rd. They set a "buy" rating and a $68.00 target price for the company. Mizuho set a $68.00 target price on Procore Technologies in a research report on Wednesday. Piper Sandler assumed coverage on Procore Technologies in a report on Monday, September 28th. They issued an "overweight" rating and a $68.00 target price on the stock. BTIG Research reiterated a "buy" rating and issued a $66.00 target price on shares of Procore Technologies in a research note on Friday, July 24th. Finally, Barclays raised their price objective on shares of Procore Technologies from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Procore Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.05.

Institutional Trading of Procore Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. New York Life Investment Management LLC boosted its stake in shares of Procore Technologies by 26.7% during the 3rd quarter. New York Life Investment Management LLC now owns 17,293 shares of the company's stock worth $894,000 after acquiring an additional 3,640 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Procore Technologies during the 3rd quarter valued at approximately $237,000. Fulcrum Asset Management LLP lifted its holdings in Procore Technologies by 933.8% in the third quarter. Fulcrum Asset Management LLP now owns 8,064 shares of the company's stock valued at $399,000 after acquiring an additional 7,284 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Procore Technologies by 4.4% in the third quarter. Pictet Asset Management Holding SA now owns 18,685 shares of the company's stock valued at $966,000 after buying an additional 785 shares in the last quarter. Finally, Verus Capital Partners LLC purchased a new stake in Procore Technologies during the 3rd quarter worth approximately $205,000. Hedge funds and other institutional investors own 81.10% of the company's stock.

About Procore Technologies

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company's technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore's products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.

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