Sequoia Financial Advisors LLC Grows Stock Position in Procore Technologies, Inc. $PCOR

Posted by George Bondi on Jul 14th, 2026

Sequoia Financial Advisors LLC boosted its holdings in Procore Technologies, Inc. (NYSE:PCOR – Free Report) by 130.2% during the first quarter, Holdings Channel.com reports. The fund owned 50,749 shares of the company’s stock after acquiring an additional 28,705 shares during the period. Sequoia Financial Advisors LLC’s holdings in Procore Technologies were worth $2,893,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PCOR. Vanguard Group Inc. lifted its holdings in shares of Procore Technologies by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 13,158,506 shares of the company’s stock valued at $957,150,000 after purchasing an additional 804,920 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Procore Technologies by 493.9% during the 3rd quarter. Alliancebernstein L.P. now owns 6,107,945 shares of the company’s stock worth $445,391,000 after purchasing an additional 5,079,534 shares during the last quarter. Wasatch Advisors LP lifted 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 buying an additional 315,604 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 last quarter. Finally, Principal Financial Group Inc. grew its holdings in Procore Technologies by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 3,428,825 shares of the company’s stock valued at $249,416,000 after buying an additional 127,256 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BTIG Research reissued a “buy” rating and issued a $66.00 price target on shares of Procore Technologies in a report on Wednesday, May 6th. Piper Sandler cut their target price on shares of Procore Technologies from $79.00 to $71.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group reduced their target price on shares of Procore Technologies from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Procore Technologies in a report on Monday, July 6th. Finally, Barclays cut their price objective on shares of Procore Technologies from $65.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Procore Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $70.33.

Check Out Our Latest Analysis on Procore Technologies

Procore Technologies Stock Performance

NYSE PCOR opened at $44.08 on Tuesday. The business’s 50-day moving average price is $45.65 and its 200 day moving average price is $54.44. Procore Technologies, Inc. has a twelve month low of $38.03 and a twelve month high of $82.32. The company has a market capitalization of $6.65 billion, a PE ratio of -86.44 and a beta of 0.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Procore Technologies had a negative net margin of 5.61% and a negative return on equity of 2.24%. The business had revenue of $359.28 million during the quarter, compared to analysts’ expectations of $352.82 million. During the same quarter last year, the firm earned $0.23 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, research analysts predict that Procore Technologies, Inc. will post 0.06 earnings per share for the current year.

Insider Buying and Selling

In other Procore Technologies news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of Procore Technologies stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $45.14, for a total value of $2,533,347.08. Following the transaction, the chairman owned 919,704 shares in the company, valued at $41,515,438.56. This trade represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 3,942 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $50.00, for a total value of $197,100.00. Following the sale, the insider owned 96,723 shares of the company’s stock, valued at approximately $4,836,150. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 139,268 shares of company stock valued at $6,622,714. Insiders own 16.80% of the company’s stock.

Procore Technologies Company Profile

(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.