Craig Jr. Courtemanche Sells 56,122 Shares of Procore Technologies (NYSE:PCOR) Stock

Posted by Francis Steltz on May 13th, 2026

Procore Technologies, Inc. (NYSE:PCOR – Get Free Report) Chairman Craig Jr. Courtemanche sold 56,122 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $51.06, for a total value of $2,865,589.32. Following the sale, the chairman directly owned 927,580 shares of the company’s stock, valued at approximately $47,362,234.80. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Procore Technologies Stock Performance

PCOR traded down $1.98 on Wednesday, hitting $46.11. 2,852,289 shares of the company traded hands, compared to its average volume of 2,776,558. The stock has a market capitalization of $6.96 billion, a PE ratio of -90.41 and a beta of 0.78. The company has a 50 day moving average of $55.34 and a 200-day moving average of $63.50. Procore Technologies, Inc. has a 12-month low of $45.54 and a 12-month high of $82.32. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $359.28 million for the quarter, compared to analysts’ expectations of $352.82 million. Procore Technologies had a negative return on equity of 2.24% and a negative net margin of 5.61%.The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share. Sell-side analysts anticipate that Procore Technologies, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PCOR. BMO Capital Markets cut their target price on Procore Technologies from $87.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Piper Sandler cut their target price on Procore Technologies from $79.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. TD Cowen cut their target price on Procore Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. KeyCorp cut their target price on Procore Technologies from $91.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, UBS Group cut their target price on Procore Technologies from $74.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Procore Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $72.56.

View Our Latest Report on PCOR

Institutional Investors Weigh In On Procore Technologies

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Procore Technologies by 6.5% during the 4th quarter. Vanguard Group Inc. now owns 13,158,506 shares of the company’s stock valued at $957,150,000 after buying an additional 804,920 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Procore Technologies by 493.9% during the 3rd quarter. Alliancebernstein L.P. now owns 6,107,945 shares of the company’s stock valued at $445,391,000 after buying an additional 5,079,534 shares during the last quarter. Wasatch Advisors LP grew its holdings in Procore Technologies by 6.8% during the 3rd quarter. Wasatch Advisors LP now owns 4,972,025 shares of the company’s stock valued at $362,560,000 after buying an additional 315,604 shares during the last quarter. Wellington Management Group LLP grew its holdings in Procore Technologies by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 3,539,062 shares of the company’s stock valued at $257,431,000 after buying an additional 137,171 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Procore Technologies by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 3,428,825 shares of the company’s stock valued at $249,416,000 after buying an additional 127,256 shares during the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Procore Technologies Company Profile

(Get Free Report)

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.