Benjamin C. Singer, general counsel and secretary of Procore Technologies Inc., sold 3,943 ordinary shares on August 21 under a prearranged Rule 10b5-1 trading plan. The shares were sold at $63.35 each for a total of $249,789, according to regulatory filings.
The transaction was executed pursuant to a Rule 10b5-1 plan established on August 13, 2025. Procore withheld 5,849 shares on August 20 to satisfy tax obligations tied to the vesting of restricted stock units, valued at $62.92 per share and totaling $368,019. Singer’s direct holdings in the company totaled 86,931 shares following the transactions.
Procore reported a market capitalization of $9.43 billion, a gross profit margin of 80% and an adjusted earnings per share of $0.47 in the second quarter, exceeding analyst expectations of $0.41. Revenue reached $375 million, above projections of $365.86 million. The company also raised its full-year outlook and reported its first quarter of GAAP operational profitability.
Shares of Procore were valued at $62.09 at the time of the filing, according to InvestingPro, which described the stock as undervalued relative to its fair value. Separately, DA Davidson maintained a Neutral rating on the shares while raising its price target from $55.00 to $60.00, citing projected 2027 operational margin targets approximately 460 basis points above market consensus.
