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Kevin J. O Connor, a director at Procore Technologies, Inc. (NYSE:PCOR), sold 45,891 shares of common stock on November 12 and 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transactions amounted to approximately $3.56 million. The construction software company, currently valued at $11.76 billion, has shown a 9.17% price return over the past year according to InvestingPro data.
The sales occurred in multiple transactions. On November 12, O Connor sold 20,906 shares at a weighted average price of $77.66, with prices ranging from $77.20 to $78.18. An additional 14,776 shares were sold at an average price of $78.58, in a range of $78.20 to $79.14. The director also sold 514 shares at an average price of $79.39, with prices varying from $79.325 to $79.42. On November 13, O Connor sold 8,576 shares at an average price of $76.30, in a range of $75.67 to $76.61, and 1,039 shares at an average price of $76.91, with prices ranging from $76.68 to $77.265.
Following these transactions, O Connor indirectly holds 1,062,134 shares through the Kevin J. O’Connor Revocable Trust U/A DTD 06-13-19 and directly holds 16,632 shares.
The sales were executed pursuant to a 10b5-1 trading plan dated November 21, 2024.
In other recent news, Procore Technologies has been the focus of several analyst upgrades following its third-quarter financial results. The company reported a 14.5% year-over-year increase in revenue, surpassing analyst expectations. Goldman Sachs noted Procore’s solid performance amid a challenging construction environment, highlighting revenue and free cash flow that exceeded expectations. Stifel also praised the company’s financial results, emphasizing the 23% year-over-year growth in current remaining performance obligations (cRPO). Piper Sandler and KeyBanc both raised their price targets for Procore to $91, citing the company’s margin expansion and consistent revenue growth. Canaccord Genuity increased its price target to $90, pointing out Procore’s durable growth and efforts to control equity dilution. The firm’s guidance for fourth-quarter revenue aligns with expectations, as noted by Goldman Sachs. Analysts from multiple firms, including Stifel and Canaccord Genuity, continue to maintain a Buy rating on Procore’s stock.
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