Procore Technologies’ William Fleming Jr. sells $589,500 in shares

In a recent transaction, William Fred Fleming Jr., Senior Vice President and Corporate Controller at Procore Technologies, Inc. (NASDAQ: PCOR), sold 10,000 shares of the company's common stock on August 11, 2026. The total value of the shares sold was $589,500, with each share traded at an average price of $58.95. The stock's value has since increased to $62.17, demonstrating solid momentum for the construction software firm, valued at $8.81 billion.

On the day of the sale, Fleming also purchased 3,118 additional shares through the exercise of stock options. These shares were bought at an exercise price of $12.22 per share, amounting to $38,101. The options were subject to a vesting schedule, with 1/4th of the shares becoming vested on June 4, 2019, and 1/48th vested each month thereafter, provided Fleming continued his employment through each vesting date.

Post these transactions, Fleming directly owns 104,981 shares of Procore Technologies common stock and maintains 7,552 additional stock options, exercisable through June 17, 2028.

According to InvestingPro analysis, Procore Technologies appears to be undervalued at present. For those interested in a more detailed analysis, the Pro Research Report on PCOR, along with insights on 1,400+ other US stocks, is readily available.

Procore Technologies recently reported second-quarter results that surpassed expectations, with adjusted earnings of $0.47 per share and revenue of $375 million, surpassing analysts' estimates of $0.41 per share and $365.86 million in revenue. The company has also raised its full-year outlook and achieved its first quarter of GAAP operating profitability.

In response to these results, investment firm DA Davidson increased its price target for Procore from $55.00 to $60.00, maintaining a Neutral rating, as the company's updated guidance and 2027 operating margin targets exceeded consensus expectations by about 460 basis points.

These developments underscore the company's broad-based demand and stronger bookings for its products and services. This report was created with AI assistance and has been reviewed by an editor.