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Craig F. Courtemanche Jr., Chairman of the Board at Procore Technologies, Inc. (NYSE:PCOR), sold 300,000 shares of common stock on November 19, 2025, at prices ranging from $71.63 to $72.325, for a total value of $21,573,000. The transaction occurred as PCOR shares have fallen nearly 6% over the past week, with the stock currently trading at $71.08, slightly above what InvestingPro calculates as its Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, Courtemanche also exercised options to acquire 300,000 shares of Procore common stock at a price of $2.42, for a total value of $726,000 on November 19.
On November 20, 2025, 20,673 shares were also disposed of at a price of $71.74 per share, for a total value of $1,483,081, to cover tax obligations.
Following these transactions, Courtemanche directly owns 657,123 shares of Procore Technologies . He also indirectly owns 2,692,328 shares held by the Craig F. Courtemanche and Hillary Courtemanche Family Trust, 1,230,480 shares held by the Courtemanche 2021 Irrevocable Trust, 527,349 shares held by The Courtemanche 2016 Irrevocable Trust, and 23,736 shares held by his spouse.Despite not being profitable over the last twelve months, Procore maintains impressive gross profit margins of nearly 80% and carries more cash than debt on its balance sheet. InvestingPro analysis shows analysts expect the company to achieve profitability this year. Discover more insights with the comprehensive Pro Research Report, available for PCOR and 1,400+ top US stocks.
In other recent news, Procore Technologies reported solid third-quarter financial results, with revenue growth of 14.5% year-over-year, surpassing analyst expectations. The company also saw a 23% increase in current remaining performance obligations and a 31% rise in total remaining performance obligations. Following these results, several analyst firms have adjusted their price targets for Procore Technologies. Stifel raised its target to $85, while Goldman Sachs increased it to $90, citing stabilizing growth and a strong performance despite a sluggish construction environment. Piper Sandler and KeyBanc both raised their price targets to $91, highlighting Procore’s margin expansion and consistent revenue growth. Canaccord Genuity also adjusted its price target to $90, emphasizing the company’s durable growth and focus on free cash flow per share growth. These developments reflect a positive outlook from analysts on Procore’s financial health and growth prospects.
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