Street Calls of the Week
Benjamin C. Singer, Chief Legal Officer and Secretary at Procore Technologies (NYSE:PCOR), sold 1,036 shares of common stock on September 23, 2025, at a price of $75. The total value of the transaction was $77,700. The sale comes as Procore, currently valued at nearly $11 billion, maintains impressive gross profit margins of 80% while trading near its 52-week high of $89.
Following the transaction, Singer directly owns 85,330 shares of Procore Technologies . The sale was executed under a prearranged 10b5-1 trading plan established on August 15, 2024. While analysts maintain a bullish outlook with price targets ranging from $70 to $91, InvestingPro analysis reveals deeper insights into insider trading patterns and valuation metrics in its comprehensive Pro Research Report, available to subscribers.
In other recent news, Procore Technologies has announced the appointment of Ajei Gopal as its new Chief Executive Officer, effective November 10, 2025. This leadership transition follows the company’s upcoming third-quarter earnings release. Gopal, who previously served as CEO of Ansys, Inc., will succeed founder Tooey Courtemanche, who will transition to Executive Chair of the board. Several analyst firms have responded to this development, with BMO Capital reiterating an Outperform rating and setting a price target of $82.00. Similarly, Stifel and Goldman Sachs maintained their Buy ratings with price targets of $80.00 and $87.00, respectively. Meanwhile, Citizens JMP has kept a Market Perform rating on the stock. Analysts have noted that Gopal’s extensive experience in technology leadership could be beneficial for Procore’s future. This appointment concludes a transition process that began earlier this year.
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