Wilson Asset Management International PTY Ltd. Sells 18,426 Shares of Procore Technologies, Inc. $PCOR

Wilson Asset Management International PTY Ltd. lessened its stake in Procore Technologies, Inc. (NYSE:PCOR) by 15.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,925 shares of the company’s stock after selling 18,426 shares during the quarter. Procore Technologies makes up approximately 1.9% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 20th biggest holding. Wilson Asset Management International PTY Ltd.’s holdings in Procore Technologies were worth $7,269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in shares of Procore Technologies by 23.6% in the 3rd quarter. Versant Capital Management Inc now owns 938 shares of the company’s stock worth $68,000 after purchasing an additional 179 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Procore Technologies by 70.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 480 shares of the company’s stock worth $35,000 after purchasing an additional 199 shares during the period. Intellectus Partners LLC raised its holdings in shares of Procore Technologies by 1.6% in the 3rd quarter. Intellectus Partners LLC now owns 12,505 shares of the company’s stock worth $912,000 after purchasing an additional 200 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Procore Technologies by 1.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,685 shares of the company’s stock worth $1,068,000 after purchasing an additional 202 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Procore Technologies by 3.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,312 shares of the company’s stock valued at $500,000 after acquiring an additional 269 shares during the period. Institutional investors own 81.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PCOR shares. Citizens Jmp upgraded Procore Technologies from a “market perform” rating to a “market outperform” rating and set a $71.00 price objective on the stock in a research note on Wednesday, April 29th. Piper Sandler lowered their price objective on Procore Technologies from $79.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wall Street Zen cut Procore Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research raised shares of Procore Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Finally, Canaccord Genuity Group lowered their target price on shares of Procore Technologies from $90.00 to $72.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Fifteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Procore Technologies has an average rating of “Moderate Buy” and an average target price of $73.25.

Procore Technologies Trading Down 11.9%

Shares of PCOR opened at $54.68 on Wednesday. The business’s 50-day moving average price is $55.64 and its 200-day moving average price is $64.41. Procore Technologies, Inc. has a twelve month low of $46.08 and a twelve month high of $82.32. The stock has a market cap of $8.25 billion, a PE ratio of -81.61 and a beta of 0.78. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.02.

Procore Technologies (NYSE:PCOR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $359.28 million during the quarter, compared to the consensus estimate of $352.82 million. Procore Technologies had a negative return on equity of 3.96% and a negative net margin of 7.62%.The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. On average, equities analysts forecast that Procore Technologies, Inc. will post 0.09 EPS for the current fiscal year.

Insider Transactions at Procore Technologies

In other news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $47.64, for a total value of $2,673,652.08. Following the transaction, the chairman owned 927,580 shares of the company’s stock, valued at approximately $44,189,911.20. This represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 4,225 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $50.00, for a total transaction of $211,250.00. Following the completion of the transaction, the insider directly owned 64,660 shares in the company, valued at approximately $3,233,000. The trade was a 6.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 148,026 shares of company stock valued at $7,783,734. 16.80% of the stock is currently owned by company insiders.

Procore Technologies News Summary

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q1 revenue beat — Procore reported $359.3M in revenue (up 15.7% YoY), above Street estimates, signaling continued top‑line momentum that supported investor optimism. Procore Technologies (NYSE:PCOR) Beats Q1 CY2026 Sales Expectations But Stock Drops
• Positive Sentiment: Management raised full‑year outlook — CEO commentary and the company press release said Q1 performance exceeded the high end of guidance and enabled an increase to the full‑year outlook, a bullish signal for revenue trajectory and investor confidence. Procore Announces First Quarter 2026 Financial Results
• Positive Sentiment: New AI board appointment highlighted — The company named an AI specialist to its board, which markets viewed as a strategic move to accelerate product AI integration and future revenue opportunities. That news contributed to intraday upside in some headlines. Why Procore Technologies (PCOR) Is Up 11.6% After Narrower Losses And New AI Board Appointment – And What’s Next
• Neutral Sentiment: EPS improved YoY but missed estimates — GAAP EPS was $0.34 (versus $0.23 a year ago), showing profit improvement Y/Y, but it missed the consensus of $0.36, producing a mixed read for growth vs. near‑term profitability. Procore Technologies (PCOR) Lags Q1 Earnings Estimates
• Neutral Sentiment: Earnings call transcript & details available — Management comments in the Q1 call add color on sales strength, margin progression and AI strategy; investors should review the transcript for guidance clarity and execution cues. Procore Technologies, Inc. (PCOR) Q1 2026 Earnings Call Transcript
• Negative Sentiment: EPS miss and continued negative margins — The small EPS shortfall versus estimates and a negative net margin/ROE highlight ongoing profitability challenges that can cap valuation expansion and spark selling pressure. Procore Technologies: Earnings details (MarketBeat)
• Negative Sentiment: Q2 revenue guide slightly below consensus — Procore gave Q2 revenue guidance of about $364–$366M vs. consensus near $366.1M, a marginal miss that may have amplified downside from the EPS miss. Procore Announces First Quarter 2026 Financial Results

Procore Technologies Company Profile

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.