The insider selling is routine and liquidity-driven, with no bearish signal. Monitor for any unexpected large-scale sales by the CEO or CFO, which would be more informative. The strong analyst consensus (77% bullish) and recent positive price action suggest the selling is not a red flag.
Price Chart
Executive Summary
A cluster of insider selling at Procore Technologies over the past week, totaling approximately $1.73M in open-market sales by a director and a senior VP. While the dollar amount is modest relative to the $8.8B market cap (~0.02%), the cluster includes a director exercising options and immediately selling a large portion of the shares, which is a common liquidity-driven pattern. The sales are not alarming given the company's strong analyst consensus and the small proportion of market cap involved.
Key Financial Metrics
Key Facts
- Three insiders sold shares in the past week for a total of ~$1.73M in open-market sales.
- Director Craig F. Courtemanche Jr. exercised 56,122 options at $2.42 and sold 56,122 shares at ~$56.54-$57.28, netting ~$3.2M.
- SVP William Fred Fleming Jr. sold 10,000 shares at $58.95 for $589,500 after exercising options at $12.22.
- Total open-market sales represent ~0.02% of the $8.8B market cap, well below the 0.1% threshold for materiality.
- The cluster includes option exercises followed by same-day sales, a classic tax/vesting-driven pattern with no informational content.
Financial Impact
Total insider sales of ~$1.73M represent 0.02% of market cap, immaterial.
Risk Factors
- Insider selling could accelerate if the stock continues to rise, but current levels are not concerning.
- No material risk identified from this cluster.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCOR-1786669364988 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | Insider Cluster | $60.61 $51.06 | ▼ −15.76% | ▼ −16.73% | $50.95 (−15.94%) |
Aug 25, 2026 5w ago | Insider Cluster | $60.61 $51.06 | ▼ −15.76% | ▼ −16.73% | $50.95 (−15.94%) |
Aug 19, 2026 6w ago | 144 | $63.28 $51.27 | ▼ −18.98% | ▼ −18.98% | $50.95 (−19.48%) |
Aug 14, 2026 7w ago | Insider Cluster | $59.80 $56.74 | ▼ −5.12% | ▼ −3.13% | $50.95 (−14.80%) |
Aug 13, 2026 7w ago | Insider Cluster | $62.17 $53.26 | ▼ −14.33% | ▼ −12.58% | $50.95 (−18.05%) |
Aug 4, 2026 8w ago | 144 | $55.69 $59.49 | ▲ +6.82% | ▲ +7.42% | $50.95 (−8.51%) |
Jul 2, 2026 13w ago | 8-K | $43.97 $53.79 | ▲ +22.33% | ▲ +22.75% | $50.95 (+15.87%) |
Jun 18, 2026 15w ago | Insider Cluster | $39.99 $45.13 | ▲ +12.85% | ▲ +12.32% | $50.95 (+27.41%) |
Jun 15, 2026 15w ago | 144 | $41.81 $43.04 | ▲ +2.94% | ▲ +2.74% | $50.95 (+21.86%) |
May 5, 2026 21w ago | 8-K | $54.69 $52.70 | ▼ −3.64% | ▼ −8.59% | $50.95 (−6.84%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access