Wall Street closes at a record for the first time since end of January
Craig F. Courtemanche Jr., Chairman of the Board at PROCORE TECHNOLOGIES, INC. (NYSE:PCOR), sold 55,122 shares of common stock on April 10, 2026, for approximately $2.67 million. The sales occurred at prices ranging from $47.45 to $49.54. The timing comes as shares have declined 9.3% over the past week and 32% over six months, though InvestingPro analysis suggests the stock is currently undervalued relative to its Fair Value, placing it among opportunities on the Most Undervalued stocks list.
According to a Form 4 filing with the Securities and Exchange Commission, Courtemanche also exercised options to acquire 56,122 shares of Procore Technologies common stock at a price of $2.42, for a total value of $135815.
Following these transactions, Courtemanche directly owns 927580 shares of Procore Technologies. He also indirectly owns 2692461 shares through the Craig F. Courtemanche and Hillary Courtemanche Family Trust, 1155480 shares through the Courtemanche 2021 Irrevocable Trust, 527349 shares through The Courtemanche 2016 Irrevocable Trust, and 23736 shares held by his spouse.
The sales were executed pursuant to a 10b5-1 trading plan dated December 9, 2025.
In other recent news, Procore Technologies reported better-than-expected earnings for Q4 2025, with earnings per share reaching $0.37, surpassing forecasts of $0.36. Revenue also exceeded expectations, coming in at $349 million compared to the anticipated $340.76 million. The company has announced two significant executive appointments, with Rachel Pyles set to take over as Chief Financial Officer and Walt Hearn as Chief Revenue Officer, effective April 1, 2026. These changes follow the transition of Howard Fu and Larry Stack to strategic advisory roles.
Stifel has maintained a Buy rating for Procore Technologies, setting a price target of $63.00, in light of the new leadership appointments. Meanwhile, Canaccord has lowered its price target to $10.00 from $15.00, citing a muted growth outlook and reduced revenue growth assumptions. BMO Capital continues to hold an Outperform rating on Procore shares with a price target of $67.00. These developments reflect a mix of confidence and caution among analysts regarding Procore’s future performance.
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