Procore director O’Connor sells $830,914 in shares

Kevin J. O'Connor, a director at Procore Technologies, Inc., sold shares totaling $830,914 on October 5 and October 6, 2026. This was done through a pre-arranged 10b5-1 trading plan set up on March 13, 2026. O'Connor disposed of a total of 15,384 shares across multiple transactions, trading at prices ranging from $52.83 to $55.08 per share.

On October 5, O'Connor sold 4,478 shares at an average price of $52.83, followed by 1,291 shares at $53.46 and 1,923 shares at $55.08. The next day, October 6 saw the sale of 5,769 shares at an average price of $54.36, with an additional 1,923 shares at $55.02. After these transactions, O'Connor directly holds 21,344 shares of Procore Technologies' common stock. Furthermore, 908,286 shares are held indirectly through the Kevin J. O'Connor Revocable Trust dated June 13, 2019.

The stock has recently shown strength, increasing by 6% over the past week to trade at $54.80. Analysts view Procore as potentially undervalued, with price targets suggesting a 27% upside potential. For further insights, investors can explore the Pro Research Report covering Procore and 1,400+ other US equities. Recently, Procore Technologies reported stronger-than-expected Q2 results, surpassing Wall Street estimates with adjusted earnings of $0.47 per share and revenue of $375 million.

The company also raised its full-year outlook and announced its first quarter of GAAP operating profitability. In response, financial analysts have adjusted their financial models and ratings, with some raising price targets and others maintaining a cautious stance.