Fleming William Fred Jr, an insider at Procore Technologies Inc (PCOR), has made a notable move by purchasing 20,170 shares of the company. The transaction occurred on December 21, 2025, with each share priced at $12.22, bringing the total investment to approximately $246,000.
Following this acquisition, Fleming now holds a total of 20,170 shares in Procore Technologies. Insider buying often signals confidence in a company's future, as executives typically possess insights into their firm's operations that are not available to the public. However, it's important to remember that such transactions should not be the sole basis for investment decisions, as there can be various personal or regulatory reasons behind these actions.
Procore Technologies, headquartered in Carpinteria, California, specializes in cloud-based construction management software. The company connects stakeholders in the construction industry, including owners, contractors, and engineers, facilitating collaboration and access to its capabilities from any internet-connected device. With a market cap of $11.5 billion and an EPS of -0.47, Procore is gearing up for its next earnings report on July 29, 2026, where analysts expect an EPS of $0.43 and revenue of $367.2 million.
As insider transactions are reported to the SEC, they provide valuable transparency regarding how executives view their stock. Investors are encouraged to consider patterns of activity across multiple insiders and time periods, rather than focusing on isolated transactions, when evaluating these signals.