Kevin J. O'Connor, an insider at Procore Technologies Inc (PCOR), sold 1,087,039 shares of the company's stock on November 11, 2025, at a price of $77.66 per share. This transaction totaled approximately $84.42 million. Following this sale, O'Connor retains an equal number of shares in Procore Technologies.
Insider selling can occur for various reasons, including diversification, tax planning, and personal financial needs. While significant or unusual selling patterns may attract investor attention, routine sales do not inherently signal negative sentiment toward the company.
It is important to note that insider transactions must be reported to the SEC, providing transparency into the actions of company executives and board members. However, a single insider's selling activity represents only one data point for investors to consider, alongside other fundamental and technical indicators.
Procore Technologies, which operates in the technology sector, specializes in cloud-based construction management software. The company, headquartered in Carpinteria, California, employs 4,203 full-time staff. Since its IPO on May 20, 2021, Procore has focused on connecting various stakeholders in the construction industry, facilitating collaboration through its integrated product offerings across Preconstruction, Project Execution, Resource Management, and Financial Management.
As of November 8, 2025, Procore's market capitalization stands at $11.9 billion, with a trailing twelve months (TTM) earnings per share (EPS) of -0.96. The company is scheduled to report its next earnings on April 28, 2026, with an estimated EPS of $0.39 and revenue expectations of $355.6 million.