Corient Private Wealth LP Makes New $2.01 Million Investment in Procore Technologies, Inc. $PCOR

Posted by Brenda Bartman on Sep 3rd, 2026

Corient Private Wealth LP acquired a new position in Procore Technologies, Inc. (NYSE:PCOR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 49,561 shares of the company’s stock, valued at approximately $2,013,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Procore Technologies in the fourth quarter worth approximately $511,000. Goldman Sachs Group Inc. boosted its holdings in shares of Procore Technologies by 5.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 732,988 shares of the company’s stock worth $48,392,000 after buying an additional 36,426 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Procore Technologies by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 350,746 shares of the company’s stock worth $23,156,000 after buying an additional 52,507 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Procore Technologies by 56.8% during the 2nd quarter. Prudential Financial Inc. now owns 6,850 shares of the company’s stock worth $471,000 after buying an additional 2,480 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Procore Technologies by 3.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,312 shares of the company’s stock worth $500,000 after buying an additional 269 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Guggenheim began coverage on shares of Procore Technologies in a research report on Thursday, July 23rd. They set a “buy” rating and a $68.00 target price on the stock. UBS Group raised their price target on shares of Procore Technologies from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Piper Sandler decreased their price target on shares of Procore Technologies from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Barclays upped their price objective on shares of Procore Technologies from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group cut their price objective on shares of Procore Technologies from $95.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. One 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.44.

Check Out Our Latest Stock Report on PCOR

Procore Technologies Stock Down 1.4%

Shares of NYSE:PCOR opened at $59.53 on Thursday. Procore Technologies, Inc. has a twelve month low of $38.03 and a twelve month high of $82.32. The stock’s 50 day moving average is $51.63 and its 200-day moving average is $51.76. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of -228.95 and a beta of 0.74.

Procore Technologies (NYSE:PCOR – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $375.21 million for the quarter, compared to analysts’ expectations of $365.82 million. During the same period last year, the business earned $0.35 EPS. Procore Technologies’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts anticipate that Procore Technologies, Inc. will post 0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Procore Technologies

In other news, SVP William Fred Fleming, Jr. sold 10,000 shares of the business’s 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 completion of the sale, the senior vice president directly owned 104,981 shares of the company’s stock, valued at $6,188,629.95. The trade was a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $43.90, for a total transaction of $2,463,755.80. Following the completion of the sale, the chairman owned 919,704 shares in the company, valued at $40,375,005.60. This represents a 5.75% 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 sold a total of 224,200 shares of company stock valued at $11,136,134 over the last ninety days. 16.80% of the stock is currently owned by corporate insiders.

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.