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

Posted by Brenda Bartman on Aug 27th, 2026

Praesidium Investment Management Company LLC purchased a new position in shares of Procore Technologies, Inc. (NYSE:PCOR – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 421,489 shares of the company’s stock, valued at approximately $17,120,883. Procore Technologies makes up about 0.0% of Praesidium Investment Management Company LLC’s holdings, making the stock its 7th largest position. Praesidium Investment Management Company LLC owned about 0.28% of Procore Technologies as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Procore Technologies by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 13,158,506 shares of the company’s stock worth $957,150,000 after purchasing an additional 804,920 shares in the last quarter. BlackRock Inc. purchased a new position in Procore Technologies during the 2nd quarter worth $300,345,000. Wasatch Advisors LP raised its stake in Procore Technologies by 6.8% in the 3rd quarter. Wasatch Advisors LP now owns 4,972,025 shares of the company’s stock valued at $362,560,000 after purchasing an additional 315,604 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Procore Technologies by 95.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,398,163 shares of the company’s stock valued at $178,653,000 after buying an additional 2,146,182 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake 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 period. Institutional investors own 81.10% of the company’s stock.

Insider Activity

In other news, insider Benjamin C. Singer sold 3,943 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $63.35, for a total transaction 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 sale was disclosed in a document filed 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. Also, Director Elisa Steele sold 1,500 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $63.00, for a total transaction of $94,500.00. Following the completion of the sale, the director owned 58,371 shares of the company’s stock, valued at approximately $3,677,373. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 224,200 shares of company stock valued at $11,136,134 over the last quarter. 16.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PCOR. Barclays raised their price objective on shares of Procore Technologies from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. The Goldman Sachs Group decreased their target price on shares of Procore Technologies from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. BMO Capital Markets raised their target price 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. Wall Street Zen downgraded shares of Procore Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Piper Sandler decreased their target price on shares of Procore Technologies from $71.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.44.

Check Out Our Latest Analysis on PCOR

Procore Technologies Trading Up 0.2%

Shares of NYSE PCOR traded up $0.11 during midday trading on Friday, hitting $63.81. The company’s stock had a trading volume of 1,464,967 shares, compared to its average volume of 2,830,104. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of -245.42 and a beta of 0.70. Procore Technologies, Inc. has a one year low of $38.03 and a one year high of $82.32. The stock has a fifty day moving average price of $49.83 and a 200 day moving average price of $51.43.

Procore Technologies (NYSE:PCOR – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $365.82 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. On average, equities research analysts predict 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.