Lead Edge Capital Management LLC Takes Position in Procore Technologies, Inc. $PCOR

Posted by Stanley Muller on Aug 25th, 2026

Lead Edge Capital Management LLC purchased a new stake in shares of Procore Technologies, Inc. (NYSE:PCOR – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 515,051 shares of the company’s stock, valued at approximately $20,921,372,000. Procore Technologies accounts for about 3.8% of Lead Edge Capital Management LLC’s portfolio, making the stock its 10th largest position.

A number of other institutional investors have also added to or reduced their stakes in the stock. SJS Investment Consulting Inc. boosted its holdings in shares of Procore Technologies by 7,100.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 432 shares of the company’s stock valued at $25,000 after acquiring an additional 426 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Procore Technologies in the third quarter valued at approximately $34,000. Twin Tree Management LP acquired a new stake in Procore Technologies during the 2nd quarter worth approximately $40,000. Allworth Financial LP grew its holdings in Procore Technologies by 48.2% during the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after acquiring an additional 204 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Procore Technologies in the 2nd quarter valued at approximately $52,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procore Technologies news, insider Benjamin C. Singer sold 3,943 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $63.35, for a total value of $249,789.05. Following the transaction, the insider directly owned 86,931 shares of the company’s stock, valued at approximately $5,507,078.85. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP William Fred Fleming, Jr. sold 10,000 shares of Procore Technologies stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $58.95, for a total transaction of $589,500.00. Following the transaction, the senior vice president owned 104,981 shares of the company’s stock, valued at $6,188,629.95. This represents a 8.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 228,142 shares of company stock worth $11,333,234 in the last quarter. Insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. TD Cowen dropped their target price on shares of Procore Technologies from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Citigroup reissued a “market outperform” rating on shares of Procore Technologies in a research note on Tuesday, July 21st. BMO Capital Markets raised their price target on shares of Procore Technologies from $56.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Procore Technologies in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.44.

Get Our Latest Report on Procore Technologies

Procore Technologies Stock Performance

Shares of NYSE:PCOR opened at $62.10 on Tuesday. Procore Technologies, Inc. has a 52-week low of $38.03 and a 52-week high of $82.32. The business’s 50 day simple moving average is $48.57 and its two-hundred day simple moving average is $51.23. The firm has a market cap of $9.44 billion, a P/E ratio of -238.87 and a beta of 0.70.

Procore Technologies (NYSE:PCOR – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. Procore Technologies had a positive return on equity of 0.71% and a negative net margin of 2.73%.The firm had revenue of $375.21 million during the quarter, compared to the consensus estimate of $365.82 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts forecast that Procore Technologies, Inc. will post 0.09 earnings per share for the current fiscal year.

About Procore Technologies

(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.