Procore Technologies, Inc. $PCOR Stock: Conestoga Capital Advisors LLC Trims Position

Conestoga Capital Advisors LLC lowered its stake in shares of Procore Technologies, Inc. (NYSE:PCOR) by 12.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 297,403 shares of the company’s stock after selling 43,935 shares during the period. Conestoga Capital Advisors LLC owned 0.20% of Procore Technologies worth $15,382,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Strs Ohio raised its holdings in shares of Procore Technologies by 9.1% during the 1st quarter. Strs Ohio now owns 2,996 shares of the company’s stock worth $171,000 after acquiring an additional 251 shares during the period. Versant Capital Management Inc boosted its position in shares of Procore Technologies by 50.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,581 shares of the company’s stock valued at $64,000 after acquiring an additional 529 shares during the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Procore Technologies by 23.2% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,756 shares of the company’s stock valued at $214,000 after acquiring an additional 708 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Procore Technologies by 0.6% in the first quarter. Assetmark Inc. now owns 129,017 shares of the company’s stock valued at $7,354,000 after purchasing an additional 778 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Procore Technologies by 0.4% in the first quarter. Swiss National Bank now owns 223,000 shares of the company’s stock valued at $12,711,000 after purchasing an additional 900 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Procore Technologies Trading Up 19.7%

NYSE PCOR opened at $75.62 on Thursday. The stock has a market cap of $11.49 billion, a PE ratio of -328.75 and a beta of 0.75. Procore Technologies, Inc. has a twelve month low of $38.03 and a twelve month high of $82.32. The stock has a fifty day simple moving average of $56.99 and a 200-day simple moving average of $53.40.

Procore Technologies (NYSE:PCOR) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $402.31 million for the quarter, compared to analyst estimates of $384.38 million. Procore Technologies had a negative net margin of 2.31% and a positive return on equity of 2.59%. Procore Technologies’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. Research analysts predict that Procore Technologies, Inc. will post 0.41 EPS for the current year.

Insider Activity at Procore Technologies

In other Procore Technologies news, SVP William Fred Fleming, Jr. sold 10,000 shares of Procore Technologies stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $58.95, for a total transaction of $589,500.00. Following the completion of the sale, the senior vice president directly owned 104,981 shares in the company, valued at $6,188,629.95. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Benjamin Singer sold 3,943 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $63.35, for a total transaction of $249,789.05. Following the completion of the sale, the insider directly owned 86,931 shares in the company, valued at $5,507,078.85. This trade represents a 4.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 206,885 shares of company stock valued at $11,601,918 over the last quarter. 16.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PCOR has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Procore Technologies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Piper Sandler started coverage on shares of Procore Technologies in a report on Monday, September 28th. They issued an “overweight” rating and a $68.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of Procore Technologies from $69.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday. BTIG Research restated a “buy” rating and set a $66.00 price target on shares of Procore Technologies in a report on Friday, July 24th. Finally, UBS Group lifted their price target on shares of Procore Technologies from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.05.

Key Stories Impacting Procore Technologies

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

• Positive Sentiment: Procore reported Q3 adjusted earnings of $0.51 per share, above analyst estimates of roughly $0.45–$0.46, while revenue of $402.3 million exceeded expectations of about $384 million and increased 18.7% year over year. Management said revenue and margins came in above the high end of guidance. Procore Q3 2026 results
• Positive Sentiment: The company said Procore AI’s “digital coworkers” became generally available, adding a product-development catalyst alongside the earnings beat. Procore Q3 2026 results
• Neutral Sentiment: JPMorgan raised its price target from $69 to $74 and maintained an Overweight rating. The new target is below the share price cited in the report, tempering the upgrade’s near-term upside signal. JPMorgan price target update
• Neutral Sentiment: Commentary on valuation was mixed: one analysis described the stock as close to fair value based on cash flow, while another estimated potential undervaluation. These are model-based assessments rather than company announcements. Procore valuation analysis

Procore Technologies Profile

Procore Technologies, Inc provides cloud-based construction management software through its Procore platform. The company’s technology is designed to connect owners, general and specialty contractors, architects, engineers and other construction professionals throughout the project lifecycle.

Procore’s products and services support preconstruction planning, project management, financial management, quality and safety programs, workforce management, construction intelligence and collaboration.