Piper Sandler lowers Arbor Realty Trust stock price target on credit issues
Director Kevin J O Connor of Procore Technologies (NYSE:PCOR), a $10.6 billion market cap company currently trading near InvestingPro’s Fair Value assessment, sold a total of 15382 shares of common stock on October 14 and 15, 2025, for approximately $1.1 million. The sales occurred in multiple transactions with prices ranging from $70.25 to $72.91.
On October 14, O Connor sold 4984 shares at a weighted average price of $70.25, and 2708 shares at a weighted average price of $71.14. On October 15, the director sold 5574 shares at a weighted average price of $72.36 and 2118 shares at a weighted average price of $72.91. The company maintains impressive gross profit margins of 80%.
Following these transactions, O Connor indirectly holds 1,107,945 shares through the Kevin J. O’Connor Revocable Trust U/A DTD 06-13-19, and directly holds 16,632 shares of Procore Technologies .
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 multiple analyst reports and a significant leadership change. The company announced that Ajei Gopal, former CEO of Ansys, will take over as the new Chief Executive Officer, concluding a transition process that started in March 2024. This leadership change has been met with positive reactions from analysts, with firms like BMO Capital reiterating their Outperform rating and Piper Sandler maintaining an Overweight rating with a price target of $82.00. Stifel has also reiterated a Buy rating, setting a price target of $80.00.
Additionally, Berenberg has initiated coverage on Procore Technologies with a Buy rating and a price target of $84.00, citing the company’s leadership in the construction software market. Analysts have noted that Procore is experiencing mid-teens cRPO growth, even as the overall industry faces challenges. These developments highlight Procore’s strategic positioning and the confidence analysts have in its future performance.
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