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Benjamin C. Singer, Chief Legal Officer and Secretary at Procore Technologies, INC. (NYSE:PCOR), sold 4,204 shares of common stock on November 21, 2025. The shares were sold at a weighted average price of $69.21, with prices ranging from $68.91 to $69.61, for a total value of $290,958. The transaction occurred amid a challenging week for Procore, which saw its stock decline 5.83% over the past week, though it currently trades at $71.08, slightly above InvestingPro’s Fair Value assessment.
On November 20, 2025, Singer also disposed of 5,596 shares of common stock at a price of $71.74. These shares, valued at $401,457, were withheld by Procore Technologies to cover tax obligations arising from the vesting of restricted stock units. Despite not being profitable over the last twelve months, Procore maintains impressive gross profit margins of 79.81% and holds more cash than debt on its balance sheet.
Following these transactions, Singer directly owns 75,676 shares of Procore Technologies, INC., representing a stake in the company’s $11.1 billion market cap. InvestingPro data reveals Procore trades at a high Price/Book multiple of 9.03. Discover more insights with the comprehensive Pro Research Report, available for Procore and 1,400+ other US equities.
In other recent news, Procore Technologies reported a strong third quarter, with revenue growth of 14.5% year-over-year, surpassing analyst expectations. The company’s current remaining performance obligations (cRPO) increased by 23% year-over-year, and total remaining performance obligations (Total-RPO) rose by 31% year-over-year. Following these results, several firms adjusted their price targets for Procore. Stifel raised its target to $85, maintaining a Buy rating, while Goldman Sachs increased its target to $90, also maintaining a Buy rating. Piper Sandler and KeyBanc both raised their targets to $91, citing Procore’s margin expansion and consistent revenue growth. Canaccord Genuity also raised its target to $90, highlighting the company’s durable growth and commitment to margin expansion. These developments reflect a positive outlook from analysts on Procore’s financial performance and future prospects.
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