Archer Aviation reports manufacturing ramp with six aircraft in production
Kevin J. O’Connor, a director of Procore Technologies , INC. (NYSE:PCOR), a construction management software company with a market capitalization of $10.65 billion, sold a total of 15,717 shares of common stock on July 9th and 10th, 2025. The sales, executed under a pre-arranged 10b5-1 trading plan, resulted in proceeds of approximately $1.14 million. According to InvestingPro data, the company maintains impressive gross profit margins of 81.2%.
On July 9th, O’Connor sold 5,247 shares at an average price of $72.58, with individual sales prices ranging from $72.07 to $73.005. An additional 2,445 shares were sold on the same day at an average price of $73.41, with prices ranging from $73.155 to $73.60.
The following day, July 10th, O’Connor continued selling shares. 3,412 shares were sold at an average price of $71.82, with prices ranging from $71.27 to $72.26. Another 4,280 shares were sold at an average price of $72.58, with prices ranging from $72.30 to $73.00. The final sale on July 10th involved 343 shares at an average price of $75.03, with prices ranging from $75.00 to $75.06.
The shares are held by the Kevin J. O’Connor Revocable Trust U/A DTD 06-13-19. Following these transactions, O’Connor indirectly holds 1,154,097 shares and directly holds 16,632 shares in Procore Technologies, INC. For deeper insights into PCOR’s valuation and financial health metrics, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Procore Technologies reported its first-quarter earnings for 2025, exceeding both revenue and earnings per share (EPS) forecasts. The company achieved an EPS of $0.23, surpassing the consensus estimate of $0.18, and posted revenue of $311 million, which was above the expected $302.6 million. Procore’s calculated remaining performance obligations (cRPO) grew by 20% year-over-year, reaching $842.6 million, while total remaining performance obligations (RPO) rose by 28% to $1.290 billion. Despite these strong financial results, Stifel analysts reduced the company’s price target from $93 to $75 but maintained a Buy rating. Conversely, Citizens JMP reaffirmed its Market Outperform rating and a $95 price target, reflecting confidence in Procore’s market position. The company also provided guidance for the second quarter of 2025, expecting revenue between $310 million and $312 million, representing a 9-10% growth. Procore’s management expressed satisfaction with the progress of recent go-to-market changes and remains optimistic about achieving their full-year revenue guidance.
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