VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $667,000 Investment in Procore Technologies, Inc. $PCOR

Posted by Francis Steltz on Nov 7th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Procore Technologies, Inc. (NYSE:PCOR – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,900 shares of the company’s stock, valued at approximately $667,000.

Several other institutional investors have also recently bought and sold shares of PCOR. BlackRock Inc. acquired a new position in Procore Technologies during the 2nd quarter worth $300,345,000. Assenagon Asset Management S.A. boosted its holdings in Procore Technologies by 0.7% during the third quarter. Assenagon Asset Management S.A. now owns 4,430,657 shares of the company’s stock valued at $229,154,000 after acquiring an additional 32,494 shares during the period. Wellington Management Group LLP grew its position in shares of Procore Technologies by 8.2% in the second quarter. Wellington Management Group LLP now owns 3,450,671 shares of the company’s stock valued at $140,166,000 after purchasing an additional 260,314 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Procore Technologies by 158.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,020,531 shares of the company’s stock valued at $115,170,000 after purchasing an additional 1,240,247 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of Procore Technologies in the second quarter valued at about $114,444,000. Institutional investors own 81.10% of the company’s stock.

Insider Buying and Selling at Procore Technologies

In related news, insider Benjamin Singer sold 2,586 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $75.00, for a total transaction of $193,950.00. Following the transaction, the insider directly owned 84,345 shares in the company, valued at $6,325,875. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Craig Courtemanche, Jr. sold 56,122 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $56.19, for a total value of $3,153,495.18. Following the completion of the transaction, the chairman directly owned 908,316 shares of the company’s stock, valued at approximately $51,038,276.04. This trade represents a 5.82% 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 212,808 shares of company stock valued at $12,026,454 over the last quarter. Company insiders own 16.80% of the company’s stock.

Procore Technologies Stock Down 0.4%

NYSE PCOR traded down $0.28 during midday trading on Friday, hitting $75.33. The company had a trading volume of 4,049,430 shares, compared to its average volume of 3,008,882. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of -327.49 and a beta of 0.75. The firm has a fifty day simple moving average of $57.53 and a two-hundred day simple moving average of $53.50. Procore Technologies, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $80.40.

Procore Technologies (NYSE:PCOR – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $402.31 million during the quarter, compared to analyst estimates of $384.38 million. Procore Technologies had a negative net margin of 2.73% and a positive return on equity of 0.71%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. As a group, equities analysts predict that Procore Technologies, Inc. will post 0.44 earnings per share for the current year.

Procore Technologies News Roundup

Here are the key news stories impacting Procore Technologies this week:

Positive Sentiment: Procore reported Q3 earnings of $0.51 per share, topping estimates of about $0.45–$0.46. Revenue rose 18.7% year over year to $402.3 million, also exceeding expectations. Shares climbed 12.4% following the earnings beat. Procore shares climb following earnings beat
Positive Sentiment: Several firms raised their price targets and maintained or issued bullish ratings. Citizens JMP lifted its target to $91, while UBS raised its target to $95 and reiterated Buy; Loop Capital also upgraded the stock from Hold to Buy with a $93 target. These actions signal stronger analyst confidence after the results. Citizens JMP raises Procore price target
Neutral Sentiment: A Procore director sold 7,692 shares under a pre-arranged Rule 10b5-1 trading plan. The sale was a small reduction in his holdings, which remained substantial after the transaction. Director share sale

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PCOR. Guggenheim boosted their price objective on Procore Technologies from $68.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research downgraded Procore Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. UBS Group raised their target price on Procore Technologies from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday. Citizens Jmp lifted their price target on Procore Technologies from $77.00 to $91.00 and gave the stock a “market outperform” rating in a research report on Thursday. Finally, TD Cowen upped their price target on Procore Technologies from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. Eighteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Procore Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $80.35.

Read Our Latest Research Report on Procore Technologies

Procore Technologies Company Profile

(Free Report)

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company’s technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore’s products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.