Summary: Kevin J. O’Connor, a member of Procore Technologies' board, sold 11,538 shares of the company’s common stock over two days in mid-April 2026 under a pre-established 10b5-1 arrangement. The four transactions generated proceeds of $602,485. The stock is trading notably higher than it was a week earlier, and the company’s recent quarterly results and management changes have prompted varied analyst reactions.
Insider sales details
O’Connor executed four separate sales on April 15 and April 16, 2026, disposing of a combined 11,538 shares of Procore Technologies (NASDAQ: PCOR). The aggregate proceeds from those transactions were $602,485, with execution prices spanning from $50.62 to $54.07 per share.
On April 15, the first transaction comprised 2,530 shares sold at a weighted average price of $50.62, with individual trade prices ranging from $50.15 to $51.13. Later that same day, O’Connor sold 3,239 shares at a weighted average price of $51.42, with execution prices between $51.21 and $51.77.
On April 16, a block of 5,565 shares was sold at a weighted average of $53.34, with prices recorded in the range of $52.78 to $53.68. The final reported trade was for 204 shares executed at $54.07 apiece.
These transactions were carried out under a 10b5-1 trading plan that had been put in place on November 21, 2024, indicating the sales were pre-arranged.
Holdings after the sales
Following the April transactions, O’Connor’s position in Procore consists of 16,632 shares held directly and an indirect holding of 985,214 shares through the Kevin J. O’Connor Revocable Trust U/A DTD 06-13-19.
Market context and company performance
The company’s stock was trading at $55.44 at the time of reporting, a level that represents a 17.5% increase over the previous week. Separate analysis from InvestingPro cited in connection with the company suggests the shares may still be undervalued and highlighted Procore’s nearly 80% gross profit margins. The InvestingPro platform is noted as offering extensive research, with more than 1,400 Pro Research Reports available for subscribers.
Procore reported fourth-quarter 2025 results that outperformed consensus estimates. The company posted earnings per share of $0.37 versus an expected $0.36, and revenue of $349 million compared with a forecast of $340.76 million.
In addition to the quarterly results, the company announced management changes effective April 1, 2026: Rachel Pyles will assume the role of Chief Financial Officer and Walt Hearn will take on the role of Chief Revenue Officer.
Analyst positioning
Analyst reactions following the release and management changes were mixed. Stifel maintained a Buy rating and left its price target at $63. BMO Capital kept an Outperform rating with a $67 target. By contrast, Canaccord lowered its price target to $10 from $15, citing a more muted growth outlook.
Concluding context
The disclosed sales by a company director occurred under a pre-arranged trading plan and left the director with significant remaining holdings both directly and via a trust. The company has reported a quarterly beat and announced senior executive appointments while analysts’ views and price targets show divergence.