Procore Technologies (PCOR) Director Jr. Sells $3.2M of Stock

Craig F. Courtemanche Jr., a director at Procore Technologies, Inc. (NYSE: PCOR), sold 56,122 shares on October 12, 2026, in a planned transaction valued at approximately $3.15 million. This sale follows Courtemanche's earlier sale of shares in June 2026, showing ongoing activity in managing his holdings.

Inside Courtemanche's Trade

Courtemanche sold his shares at a price of about $56.19 each. This marks a strategic move, considering the current trading environment and the company's stock performance. The recent price of Procore shares is around $58.20, reflecting a favorable position above its 50-day and 200-day moving averages.

Other Institutional Activity in Procore

Several institutional investors have also adjusted their positions in Procore. Morgan Stanley increased its stake by 2,336,559 shares, bringing its total to 11,417,627 shares worth about $650.6 million. Vanguard Portfolio Management LLC added 173,513 shares, ending with 6,977,964 shares valued at approximately $397.6 million. On the other hand, Blackrock Inc. reduced its holdings by 147,051 shares, now holding 7,394,012 shares worth around $421.3 million.

Procore Technologies, Inc. Stock Down 0.7%

Procore Technologies shares are currently trading around $58.20, which is above its 50-day moving average of $56.34. However, the stock remains about 29.3% below its 52-week high of $82.31. This positioning might suggest a cautious outlook as analysts have set a mean price target of $68.52 for the stock.

Recent Earnings

For the trailing twelve months, Procore reported revenue of approximately $1.42 billion, with a year-over-year revenue growth of 15.8%. The company, however, has a negative net margin of 2.7% and a return on equity of -3.1%. The next earnings report is expected on November 3, 2026.

Insider Buying and Selling at Procore Technologies, Inc.

In addition to Courtemanche's recent sale, Kevin Connor sold 5,769 shares on June 16, 2026, as part of a planned transaction. Earlier, Courtemanche had also sold 56,122 shares on September 10, 2026, indicating a consistent pattern in managing his investments.

Analysts Set New Price Targets

On October 12, 2026, Barclays maintained an 'Overweight' rating on Procore with a new price target of $62, up from $60. Earlier, UBS had a 'Buy' rating with a target of $75, reflecting confidence in the company's growth potential. Currently, the consensus rating for Procore is 'Buy' with a mean price target of $68.52 based on 21 analyst opinions.

About Procore Technologies

Procore Technologies, Inc. provides a cloud-based construction management platform that helps various stakeholders, including contractors and architects, collaborate on construction projects. The company's focus on enhancing project efficiency positions it well within the technology sector.

Bottom Line

Investors should keep an eye on Procore's upcoming earnings report on November 3, 2026, and watch for further insider trading activity. Courtemanche's recent sale reflects his ongoing management of personal holdings, while analysts continue to express optimism about the company's future.