Spyglass Capital Management LLC Purchases 47,537 Shares of Procore Technologies, Inc. $PCOR

Posted by Brenda Bartman on Sep 1st, 2026

Spyglass Capital Management LLC boosted its position in Procore Technologies, Inc. (NYSE:PCOR – Free Report) by 4.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,052,908 shares of the company’s stock after buying an additional 47,537 shares during the quarter. Procore Technologies makes up about 2.3% of Spyglass Capital Management LLC’s holdings, making the stock its 24th largest position. Spyglass Capital Management LLC’s holdings in Procore Technologies were worth $42,769,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. grew its stake in shares of Procore Technologies by 7,100.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 432 shares of the company’s stock worth $25,000 after acquiring an additional 426 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Procore Technologies in the 3rd quarter valued at about $34,000. Twin Tree Management LP bought a new stake in Procore Technologies in the 2nd quarter valued at about $40,000. Allworth Financial LP lifted its holdings in 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 purchasing an additional 204 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Procore Technologies during the second quarter valued at about $52,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Insider Activity

In other Procore Technologies news, insider Benjamin C. Singer sold 3,943 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $63.35, for a total value of $249,789.05. Following the completion of the transaction, the insider directly owned 86,931 shares of the company’s stock, valued at $5,507,078.85. This trade represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP William Fred Fleming, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $58.95, for a total transaction of $589,500.00. Following the transaction, the senior vice president owned 104,981 shares of the company’s stock, valued at $6,188,629.95. This trade represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 224,200 shares of company stock worth $11,136,134 in the last three months. Insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PCOR. Guggenheim started coverage on shares of Procore Technologies in a research note on Thursday, July 23rd. They issued a “buy” rating and a $68.00 target price for the company. Piper Sandler dropped their price target on shares of Procore Technologies from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. BTIG Research reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Procore Technologies in a report on Friday, July 24th. Citigroup reiterated a “market outperform” rating on shares of Procore Technologies in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group lowered their target price on shares of Procore Technologies from $95.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.44.

Get Our Latest Analysis on Procore Technologies

Procore Technologies Stock Down 1.4%

Shares of NYSE PCOR opened at $62.82 on Tuesday. The company has a market cap of $9.55 billion, a P/E ratio of -241.62 and a beta of 0.70. Procore Technologies, Inc. has a 52 week low of $38.03 and a 52 week high of $82.32. The business has a 50-day simple moving average of $50.78 and a two-hundred day simple moving average of $51.59.

Procore Technologies (NYSE:PCOR – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $365.82 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue was up 15.8% on a year-over-year basis. Equities research analysts anticipate that Procore Technologies, Inc. will post 0.09 EPS for the current 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.