Procore director Elisa Steele sells $230,586 in PCOR stock

Elisa Steele, a director at Procore Technologies, sold 3,337 shares of the company's common stock on November 4, 2026. The sale was worth $230,586, with each share priced at $69.10. Since the transaction, Procore's stock has risen to $75.33, trading near its 52-week high of $80.41. The director's sale was carried out under a pre-arranged 10b5-1 trading plan established on March 12, 2026.

After the sale, Ms. Steele directly owns 55,034 shares of Procore Technologies common stock. Analytical data from InvestingPro indicates that the stock is currently overvalued, placing it among the most overvalued stocks in its category. Procore Technologies reported impressive third-quarter results, with non-GAAP earnings per share of $0.51, outperforming consensus estimates of $0.46.

Revenue increased by 17.1%, reaching $402 million, a 19% increase when DroneDeploy is included. Several major investment firms, including BMO Capital, Citizens, BTIG, Mizuho, and Stifel, raised their price targets for Procore, praising the company's strong performance and growth acceleration. Analysts cited strategic enterprise deal wins, new public sector opportunities, and international expansion as significant contributors to Procore's success.

These developments underscore the market's confidence in the company's future growth and the effectiveness of its management.