Procore Technologies director O’Connor sells $1.1m in shares

Published 19/09/2025, 01:06
Procore Technologies director O’Connor sells $1.1m in shares

Director Kevin J O Connor of Procore Technologies, Inc. (NYSE:PCOR), a $10.9 billion market cap construction software company with impressive 80% gross margins, sold a total of 15,384 shares of common stock between September 16 and September 17, 2025, for approximately $1099814. According to InvestingPro analysis, the company currently trades near its Fair Value.

The sales occurred in multiple transactions. On September 16, 7,692 shares were sold at an average price of $70.41, with prices ranging from $70.05 to $70.85. On September 17, two separate sales occurred: 7,255 shares were sold at an average price of $72.55, with prices ranging from $71.80 to $72.775, and 437 shares were sold at an average price of $72.93, with prices ranging from $72.905 to $72.955. These transactions occurred with the stock trading within analysts’ target range of $70-$91.

Following these transactions, O Connor indirectly holds 1,123,329 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 plan dated November 21, 2024.

In other recent news, Procore Technologies , Inc. reported its second-quarter earnings for 2025, surpassing Wall Street expectations with an earnings per share (EPS) of $0.35, compared to the forecasted $0.26. Revenue also exceeded projections, reaching $324 million against a forecast of $311.99 million. Despite these strong results, Citizens JMP downgraded Procore’s stock rating from Market Outperform to Market Perform. Additionally, DA Davidson initiated coverage on Procore with a Neutral rating and a $70.00 price target.

Stifel, however, maintained its Buy rating on the company, with a price target of $80.00. In a strategic move, Procore has entered into a multi-year collaboration with Amazon Web Services (AWS) to enhance its construction management technology. This partnership aims to accelerate product development in artificial intelligence, data operability, and analytics. Procore’s platform is now available in the AWS Marketplace for customers in North America and Europe.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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