Sei Investments Co. Sells 204,595 Shares of Procore Technologies, Inc. $PCOR

Sei Investments Co. decreased its position in shares of Procore Technologies, Inc. (NYSE:PCOR) by 37.6% during the first quarter, HoldingsChannel reports. The firm owned 339,476 shares of the company’s stock after selling 204,595 shares during the period. Sei Investments Co.’s holdings in Procore Technologies were worth $19,350,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PCOR. SJS Investment Consulting Inc. lifted its stake in Procore Technologies by 7,100.0% during the first quarter. SJS Investment Consulting Inc. now owns 432 shares of the company’s stock worth $25,000 after purchasing an additional 426 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Procore Technologies during the 3rd quarter valued at about $34,000. V Square Quantitative Management LLC purchased a new position in shares of Procore Technologies during the 4th quarter valued at about $41,000. Allworth Financial LP raised its holdings in shares of Procore Technologies by 48.2% during the 4th quarter. Allworth Financial LP now owns 627 shares of the company’s stock valued at $46,000 after buying an additional 204 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new stake in Procore Technologies in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 81.10% of the company’s stock.

Procore Technologies Stock Performance

NYSE:PCOR opened at $50.15 on Thursday. The firm has a market cap of $7.57 billion, a PE ratio of -98.33 and a beta of 0.75. Procore Technologies, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $82.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day moving average price of $44.55 and a 200-day moving average price of $52.02.

Procore Technologies (NYSE:PCOR) last issued its earnings results on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Procore Technologies had a negative net margin of 5.61% and a negative return on equity of 2.24%. The firm had revenue of $375.21 million for the quarter, compared to analysts’ expectations of $365.82 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. Equities research analysts predict that Procore Technologies, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PCOR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Procore Technologies in a research note on Monday, July 6th. Citigroup reissued a “market outperform” rating on shares of Procore Technologies in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of Procore Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. The Goldman Sachs Group cut their price objective on shares of Procore Technologies from $80.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, BTIG Research reaffirmed a “buy” rating and set a $66.00 target price on shares of Procore Technologies in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.59.

More Procore Technologies News

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

• Positive Sentiment: Q2 results exceeded expectations: Procore reported adjusted earnings of $0.47 per share, above the $0.41 consensus estimate and up from $0.35 a year earlier. Revenue rose 15.8% year over year to approximately $375.2 million, ahead of analyst expectations. Procore Technologies Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Cash flow strengthened significantly: Operating cash flow increased 185% to $87.9 million, while cash and equivalents reached $494.4 million. Gross profit also climbed 17% to $299.8 million, supporting the view that Procore continues to generate healthy software margins. Procore Q2 2026 Earnings and Strong Cash Flow
• Positive Sentiment: DroneDeploy acquisition expands Procore’s platform: Procore agreed to acquire the robotics and visual-intelligence company for approximately $845 million in cash. The deal could enhance Procore’s artificial-intelligence and jobsite capabilities and broaden its construction technology offering. Procore to Acquire DroneDeploy
• Neutral Sentiment: Q3 outlook was broadly in line: Procore guided for revenue of $382 million to $384 million, compared with the $382.6 million consensus estimate. The guidance does not signal a major near-term acceleration but suggests continued double-digit growth.
• Negative Sentiment: Profitability remains mixed: Operating income fell sharply from the prior year, and net income attributable to common shareholders declined to $16.9 million. The all-cash DroneDeploy purchase also creates integration and capital-allocation risks.
• Negative Sentiment: Insider selling may weigh on sentiment: Company insiders recorded 35 sales and no purchases during the past six months, including substantial sales by senior executives.

Insider Buying and Selling at Procore Technologies

In related news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $43.90, for a total value of $2,463,755.80. Following the sale, the chairman directly owned 919,704 shares of the company’s stock, valued at $40,375,005.60. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 3,942 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $50.00, for a total value of $197,100.00. Following the transaction, the insider directly owned 96,723 shares of the company’s stock, valued at $4,836,150. The trade was a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 189,621 shares of company stock worth $8,791,847. 16.80% of the stock is currently owned by company insiders.

About Procore Technologies

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.