Freestone Grove Partners LP Takes $11.24 Million Position in Procore Technologies, Inc. $PCOR

Posted by Stanley Muller on Aug 28th, 2026

Freestone Grove Partners LP acquired a new stake in Procore Technologies, Inc. (NYSE:PCOR – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 276,687 shares of the company’s stock, valued at approximately $11,239,000. Freestone Grove Partners LP owned about 0.18% of Procore Technologies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PCOR. Argos Wealth Advisors LLC lifted its holdings in Procore Technologies by 3.9% in the 1st quarter. Argos Wealth Advisors LLC now owns 5,154 shares of the company’s stock worth $294,000 after buying an additional 195 shares during the period. Intellectus Partners LLC raised its holdings in shares of Procore Technologies by 1.6% during the fourth quarter. Intellectus Partners LLC now owns 12,705 shares of the company’s stock valued at $924,000 after acquiring an additional 200 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Procore Technologies by 48.2% during the fourth quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after acquiring an additional 204 shares in the last quarter. Vident Advisory LLC lifted its stake in Procore Technologies by 6.0% in the fourth quarter. Vident Advisory LLC now owns 3,860 shares of the company’s stock worth $281,000 after acquiring an additional 219 shares during the period. Finally, George Kaiser Family Foundation boosted its holdings in Procore Technologies by 0.5% in the fourth quarter. George Kaiser Family Foundation now owns 52,306 shares of the company’s stock valued at $3,805,000 after acquiring an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies Trading Up 5.5%

Shares of PCOR opened at $63.77 on Friday. The business’s fifty day simple moving average is $49.83 and its two-hundred day simple moving average is $51.43. Procore Technologies, Inc. has a 12 month low of $38.03 and a 12 month high of $82.32. The company has a market cap of $9.69 billion, a price-to-earnings ratio of -245.26 and a beta of 0.70.

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

Analyst Ratings Changes

Several brokerages have commented on PCOR. Guggenheim began coverage on shares of Procore Technologies in a report on Thursday, July 23rd. They issued a “buy” rating and a $68.00 price objective for the company. Barclays boosted their price target on shares of Procore Technologies from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. TD Cowen decreased their price target on shares of Procore Technologies from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, July 28th. The Goldman Sachs Group lowered their price objective on shares of Procore Technologies from $80.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, UBS Group raised their price objective 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. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.44.

Read Our Latest Stock Report on Procore Technologies

Insiders Place Their Bets

In related news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $43.90, for a total transaction of $2,463,755.80. Following the transaction, the chairman owned 919,704 shares in the company, valued at $40,375,005.60. This represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 3,943 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $63.35, for a total transaction of $249,789.05. Following the completion of the sale, the insider owned 86,931 shares in the company, valued at $5,507,078.85. This represents a 4.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 224,200 shares of company stock worth $11,136,134 in the last 90 days. Corporate 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.