Praesidium Investment Management Company LLC Purchases New Position in Procore Technologies, Inc. $PCOR

Posted by George Bondi on Aug 27th, 2026

Praesidium Investment Management Company LLC acquired a new position in Procore Technologies, Inc. (NYSE:PCOR – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 421,489 shares of the company’s stock, valued at approximately $17,120,883,000. Procore Technologies makes up about 8.0% of Praesidium Investment Management Company LLC’s portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake 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 worth $25,000 after acquiring an additional 426 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Procore Technologies in the 3rd quarter valued at approximately $34,000. Allworth Financial LP lifted its holdings in Procore Technologies by 48.2% in the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock worth $46,000 after purchasing an additional 204 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Procore Technologies in the 4th quarter worth approximately $54,000. Finally, Global Retirement Partners LLC boosted its position in Procore Technologies by 116.2% during the fourth quarter. Global Retirement Partners LLC now owns 843 shares of the company’s stock worth $61,000 after purchasing an additional 453 shares during the period. Institutional investors own 81.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PCOR. Citigroup reaffirmed a “market outperform” rating on shares of Procore Technologies in a report on Tuesday, July 21st. TD Cowen cut their price target on Procore Technologies from $70.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Procore Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. The Goldman Sachs Group decreased their price target on Procore Technologies from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Piper Sandler decreased their price objective on shares of Procore Technologies from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.44.

Read Our Latest Report on Procore Technologies

Procore Technologies Trading Down 0.2%

Shares of NYSE:PCOR opened at $60.51 on Thursday. Procore Technologies, Inc. has a 1-year low of $38.03 and a 1-year high of $82.32. The stock has a market capitalization of $9.20 billion, a P/E ratio of -232.73 and a beta of 0.70. The business has a 50-day moving average price of $49.35 and a two-hundred day moving average price of $51.34.

Procore Technologies (NYSE:PCOR – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Procore Technologies had a negative net margin of 2.73% and a positive return on equity of 0.71%. The firm had revenue of $375.21 million during the quarter, compared to analyst estimates of $365.82 million. During the same quarter in the previous year, the business earned $0.35 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts predict that Procore Technologies, Inc. will post 0.09 EPS for the current year.

Insider Activity

In related news, SVP William Fred Fleming, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $58.95, for a total transaction of $589,500.00. Following the completion of the transaction, the senior vice president owned 104,981 shares in the company, valued at approximately $6,188,629.95. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Connor Kevin J. O sold 15,386 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $54.93, for a total transaction of $845,152.98. Following the completion of the sale, the director owned 946,746 shares of the company’s stock, valued at approximately $52,004,757.78. This represents a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 228,142 shares of company stock worth $11,333,234 in the last ninety days. Company insiders own 16.80% of the company’s stock.

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.