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Procore Technologies (NYSE:PCOR) NASDAQ:PCOR CFO Howard Fu sold 814 shares of common stock on July 21, 2025, at a price of $74.35, for a total transaction value of $60,520. The construction management software company, currently valued at $11.15 billion, has demonstrated impressive gross profit margins of 81% and maintains strong financial health according to InvestingPro data.
According to a Form 4 filing with the Securities and Exchange Commission, the sale was executed under a pre-arranged 10b5-1 trading plan established on November 15, 2024. With the company’s next earnings report due on July 31, investors seeking deeper insights can access comprehensive analysis and 10+ additional ProTips through InvestingPro’s detailed research report. Following the transaction, Fu directly owns 197,457 shares of Procore Technologies NASDAQ:PCOR. The sale was signed off by Benjamin C. Singer, Attorney-in-Fact, on July 23, 2025.
In other recent news, Procore Technologies reported robust first-quarter earnings, with non-GAAP earnings per share of $0.23, surpassing the consensus estimate of $0.18. The company’s revenue reached $310.6 million, exceeding expectations of $302.6 million and marking a 15% year-over-year increase. Additionally, Procore’s calculated remaining performance obligations (cRPO) grew by 20% year-over-year, and total remaining performance obligations (RPO) saw a 28% increase compared to the previous year. Stifel analysts have adjusted their price target for Procore Technologies to $75 from $93, while maintaining a Buy rating. Meanwhile, JMP Securities and Citizens JMP have reiterated their Market Outperform ratings for Procore, with a price target of $95. Procore Technologies also achieved the FedRAMP In Process designation, advancing its efforts to expand in the U.S. public sector construction market. These developments underscore Procore’s strategic positioning and growth potential in the construction technology sector.
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