Procore Technologies director Kevin J. O’Connor reported the sale of 15,380 shares of the company’s common stock in a Form 4 filed with the Securities and Exchange Commission. The transactions took place on February 25 and February 26, 2026, and were valued in the aggregate at approximately $815,239.
The trading activity occurred while Procore (NYSE: PCOR) shares are quoted at $55.04 and have declined 24% year-to-date. An InvestingPro analysis cited in the filing indicates the stock looks undervalued at current prices, noting that the business sustains an 80% gross profit margin and carries more cash than debt on its balance sheet.
Details of the February 25 transactions show O’Connor sold 4,694 shares at a weighted average price of $50.29, with individual trade prices spanning $50.015 to $50.93. On the same day he also disposed of 1,075 shares at a weighted average of $51.52, in a range between $51.01 and $51.96.
On February 26, O’Connor completed three additional dispositions: 2,363 shares at a weighted average price of $53.62, with trade prices from $52.91 to $53.86; 3,406 shares at a weighted average of $54.39, in a range of $53.93 to $54.805; and 3,846 shares at a weighted average price of $55.08, with individual prices between $55.00 and $55.37.
After these sales, holdings disclosed in the filing show O’Connor continues to indirectly own 1,012,136 shares through the Kevin J. O’Connor Revocable Trust U/A DTD 06-13-19, and directly holds 16,632 shares.
The Form 4 indicates the transactions were carried out under a 10b5-1 trading plan that was put in place on November 21, 2024. Such plans allow insiders to execute trades according to predetermined instructions and timing.
Separately, Procore reported quarterly financials for the fourth quarter of 2025 that beat consensus forecasts. The company recorded earnings per share of $0.37, narrowly above the expected $0.36. Revenue for the quarter was $349 million, topping the forecast of $340.76 million.
These results prompted a favorable market response, and the company’s performance has attracted attention from investors and analyst firms. The filing notes analysts have observed the quarterly outcomes, but it also states there have been no specific upgrades or downgrades reported in connection with this earnings release.
Context and implications
- Insider activity was executed under a pre-established 10b5-1 plan dated November 21, 2024.
- The director’s sales spanned two consecutive trading days and encompassed multiple tranches at progressively higher weighted-average prices.
- Procore’s recent quarterly performance slightly exceeded analyst expectations for both EPS and revenue, and InvestingPro commentary highlighted margin strength and a net cash position.