Procore Technologies Gains as Investors Continue to Reward Strong Q2 Execution and AI Expansion

Procore Technologies (PCOR) is up 5.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued optimism around Procore’s strong second-quarter results and its push to expand AI and jobsite automation through the planned DroneDeploy acquisition. This could also be because investors are responding favorably to the company’s financing and share repurchase actions tied to that deal, which may have helped support sentiment.

Details:

Sources:

Procore, SEC, Benzinga

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PCOR Insider Trading Activity

$PCOR insiders have traded $PCOR stock on the open market 39 times in the past 6 months. Of those trades, 0 have been purchases and 39 have been sales.

Here’s a breakdown of recent trading of $PCOR stock by insiders over the last 6 months:

• CRAIG F. JR. COURTEMANCHE has made 0 purchases and 15 sales selling 336,731 shares for an estimated $16,953,290.
• CONNOR KEVIN J O has made 0 purchases and 20 sales selling 82,697 shares for an estimated $4,255,788.
• WILLIAM FRED JR FLEMING (SVP, Corporate Controller) sold 10,000 shares for an estimated $589,500
• BENJAMIN C SINGER (Chief Legal Officer; Secretary) has made 0 purchases and 2 sales selling 7,885 shares for an estimated $446,889.
• ELISA STEELE sold 1,500 shares for an estimated $94,500

To track insider transactions, check out Quiver Quantitative’s insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$PCOR Hedge Fund Activity

We have seen 208 institutional investors add shares of $PCOR stock to their portfolio, and 334 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• ALLIANCEBERNSTEIN L.P. removed 4,662,732 shares (-47.8%) from their portfolio in Q2 2026, for an estimated $189,400,173
• AQR CAPITAL MANAGEMENT LLC removed 2,880,360 shares (-54.7%) from their portfolio in Q2 2026, for an estimated $117,000,223
• MERITAGE GROUP LP removed 2,678,410 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $108,797,014
• JPMORGAN CHASE & CO added 2,618,552 shares (+inf%) to their portfolio in Q2 2026, for an estimated $106,365,582
• TIGER GLOBAL MANAGEMENT LLC removed 2,339,500 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $95,030,490
• MORGAN STANLEY added 2,336,625 shares (+25.7%) to their portfolio in Q2 2026, for an estimated $94,913,707
• CITADEL ADVISORS LLC added 2,237,524 shares (+inf%) to their portfolio in Q2 2026, for an estimated $90,888,224

To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PCOR Analyst Ratings

Wall Street analysts have issued reports on $PCOR in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

• BTIG issued a “Buy” rating on 05/06/2026
• Piper Sandler issued a “Overweight” rating on 05/06/2026
• UBS issued a “Buy” rating on 05/06/2026

To track analyst ratings and price targets for $PCOR, check out Quiver Quantitative’s $PCOR forecast page.

$PCOR Price Targets

Multiple analysts have issued price targets for $PCOR recently. We have seen 6 analysts offer price targets for $PCOR in the last 6 months, with a median target of $70.5.

Here are some recent targets:

• Kash Rangan from Goldman Sachs set a target price of $70.0 on 05/07/2026
• Nick Altmann from BTIG set a target price of $66.0 on 05/06/2026
• Clarke Jeffries from Piper Sandler set a target price of $71.0 on 05/06/2026
• Taylor McGinnis from UBS set a target price of $68.0 on 05/06/2026
• Aaron Kimson from Citizens set a target price of $71.0 on 04/29/2026
• Andrew Sherman from TD Cowen set a target price of $75.0 on 04/21/2026

This article is not financial advice. See Quiver Quantitative’s disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.