Procore Technologies CLO sells $337k in shares

Benjamin C. Singer, Chief Legal Officer and Secretary at Procore Technologies , Inc. (NYSE:PCOR), sold 4,500 shares of common stock on July 10, 2025, for $75.0 per share, totaling $337,500. The transaction occurred as shares of the $10.65 billion market cap company trade near $71.57, with InvestingPro analysis indicating the stock is currently fairly valued.

The sale was executed under a prearranged 10b5-1 trading plan established on August 15, 2024. Following the transaction, Singer directly owns 97,557 shares of Procore Technologies. The company maintains impressive gross margins of 81% and is expected to achieve profitability this year, according to InvestingPro data, which offers 8 additional key insights about PCOR’s financial health and growth prospects.

In other recent news, Procore Technologies reported its first-quarter 2025 earnings, surpassing both revenue and earnings per share (EPS) forecasts. The company achieved an EPS of $0.23, exceeding the forecast of $0.18, and reported revenue of $311 million, above the anticipated $302.6 million. Despite these positive results, Stifel analysts reduced the price target for Procore to $75 but maintained a Buy rating, while Citizens JMP reaffirmed a Market Outperform rating with a $95 target. Procore’s calculated remaining performance obligations (cRPO) impressed analysts, coming in at $842.6 million, marking a year-over-year growth of 20%. The company’s management expressed satisfaction with its go-to-market changes and maintained its full-year 2025 revenue guidance, with a slight raise on the low end. The firm also highlighted its ongoing focus on AI-driven innovation and platform integration to drive future growth. Meanwhile, BMO Capital analysts noted that Procore’s transition year of 2025 is expected to be a catalyst for growth, with updates on sales execution anticipated in the fall.

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