Procore Technologies (PCOR) Insider Connor Sells $242K of Stock

Kevin Connor recently sold 5,769 shares of Procore Technologies, Inc. (NYSE: PCOR) on June 16, 2026. The planned transaction was valued at $242,298, with an average selling price of $42 per share.

Insider Buying and Selling at Procore Technologies, Inc.

Kevin Connor, whose role wasn't specified, executed a planned sale of 5,769 shares of Procore Technologies on June 16, 2026, at $42 per share. This transaction follows a similar sale of 5,775 shares on June 15, 2026, at an average price of $42.92 per share. Additionally, Craig Courtemanche Jr. sold 56,122 shares on June 10, 2026, at $45.14 per share, also under a planned transaction.

Other Institutional Activity in Procore Technologies

Among other institutional investors, AllianceBernstein L.P. significantly increased its stake in Procore Technologies by adding 2,441,295 shares, bringing its total to 9,751,571 shares valued at approximately $709.3 million. BlackRock, Inc. also grew its holdings by 714,345 shares, ending with 7,541,076 shares worth about $429.8 million. Meanwhile, Morgan Stanley reduced its position by 739,379 shares, leaving it with 9,081,002 shares valued at $517.6 million.

Procore Technologies, Inc. Stock Down 31.6%

Shares of Procore Technologies are currently trading at $41.81. The company has a market capitalization of approximately $6.31 billion and a forward P/E ratio of 19.72. Procore's stock has a 52-week range between $40.75 and $82.32, with a 50-day moving average of $50.68 and a 200-day moving average of $63.07. The company maintains a current ratio of 1.12 and a quick ratio of 0.96, with a debt-to-equity ratio of 7.75.

Recent Earnings

Procore Technologies reported revenue of $1.37 billion, reflecting a growth rate of 15.7%. Despite this growth, the company has a net margin of -5.6% and a return on equity of -6.46%. Procore is not currently profitable, which means it has no meaningful P/E ratio. The next earnings report is expected on August 6, 2026.

Analysts Set New Price Targets

Several analysts have maintained a positive outlook on Procore Technologies. On May 7, 2026, Goldman Sachs maintained its buy rating with a price target of $70. UBS and Piper Sandler also maintained buy ratings with targets of $68 and $71, respectively, on May 6, 2026. The consensus among 19 analysts is a buy rating, with a mean price target of $69.32.

About Procore Technologies

Procore Technologies, Inc. provides a cloud-based construction management platform that connects owners, contractors, architects, and engineers to collaborate on construction projects. Based in Carpinteria, California, the company offers products across preconstruction, project execution, resource management, and financial management, serving various segments of the construction industry. Led by CEO Dr. Ajei S. Gopal, Procore employs over 4,400 people.

Bottom Line

Insider sales like those by Kevin Connor can offer insights into executive sentiment, though they are often planned and not necessarily indicative of future performance. Procore Technologies remains a significant player in the construction management software industry, with analysts maintaining a strong buy consensus. As always, these insights are based on past filings and market data, and investors should consider multiple factors when evaluating stock performance.