Monitor for follow-up selling or commentary ahead of next earnings; absence of executive participation in sales is somewhat reassuring, but director exits at scale may signal caution. Watch for changes in short interest or options activity.
Price Chart
Executive Summary
A cluster of insider activity at Procore Technologies includes open-market sales by two directors totaling approximately $2.87 million, alongside non-cash grant and derivative exercise transactions. The selling represents a modest but notable outflow, concentrated among board members rather than executive leadership.
Key Financial Metrics
Key Facts
- Director Kevin O'Connor sold 15,220 shares for $872,964 in two open-market transactions on March 11 and 12.
- Director Craig Courtemanche sold 34,969 shares for $1.99 million on March 10.
- Courtemanche also exercised options for 112,242 shares at $2.42/share, a non-cash transaction valued at $135,813 (tax implications aside).
- CFO and CRO designates received share grants totaling over 276,000 shares, which are non-cash awards.
- Total open-market sales in the cluster: $2.86 million.
- No open-market purchases or executive-level selling observed.
Financial Impact
$2.86 million in open-market sales by directors, representing 0.033% of Procore's $8.6B market cap
Risk Factors
- Perception of insider skepticism, especially given the size of Courtemanche's sale.
- Lack of offsetting insider buying to counterbalance the selling.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (8 trades, 7d window) | cluster-PCOR-1773693075158 |
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
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