Procore Technologies’ William Fleming Jr. sells $589,500 in shares By Investing.com

William Fred Fleming Jr., SVP, Corporate Controller at PROCORE TECHNOLOGIES, INC. (), sold 10,000 shares of common stock on August 11, 2026. The total value of the shares sold amounted to $589,500. The sales were executed at a weighted average price of $58.95 per share, with individual transaction prices ranging from $58.90 to $58.965. The stock has since climbed to $62.17, reflecting strong recent momentum for the $8.81 billion construction software company.

On the same date, Mr. Fleming also acquired 3,118 shares of Procore Technologies common stock through the exercise of stock options. These shares were acquired at an exercise price of $12.22 per share, totaling $38,101. The options had a vesting schedule where 1/4th of the shares vested on June 4, 2019, and 1/48th vested monthly thereafter, contingent on continued service through each applicable vesting date.

Following these transactions, Mr. Fleming directly holds 104,981 shares of Procore Technologies common stock. He also retains 7,552 stock options with an exercise price of $12.22, which are exercisable through June 17, 2028. According to InvestingPro analysis, PCOR appears undervalued at current levels. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for PCOR and 1,400+ other US stocks.

In other recent news, Procore Technologies reported second-quarter results that exceeded expectations, with adjusted earnings of $0.47 per share on revenue of $375 million. These figures surpassed Wall Street’s estimates of $0.41 per share and $365.86 million in revenue. Procore also raised its full-year outlook and achieved its first quarter of GAAP operating profitability. Following these results, DA Davidson updated its financial model for Procore, raising the company’s price target from $55.00 to $60.00 while maintaining a Neutral rating. The firm noted that Procore’s updated guidance and 2027 operating margin targets exceeded consensus expectations by approximately 460 basis points. These developments reflect broad-based demand and stronger bookings for Procore’s offerings.

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