Procore jumps as investors refocus on raised FY2026 outlook and expanding AI rollout

Procore Technologies, Inc. (PCOR) is up 11.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to renewed investor optimism following Procore’s strong Q1 FY2026 results and higher full-year guidance, alongside growing attention on its expanding AI product roadmap that embeds Datagrid capabilities directly into the platform. With the stock prone to sharp swings after major product and guidance updates, today’s rally could also reflect momentum trading as the market re-prices near-term margin and free-cash-flow potential.

Details:

Procore reported Q1 FY2026 revenue growth and improved profitability metrics, then raised its full-year FY2026 revenue outlook and non-GAAP operating margin guidance.

The company recently detailed an expanded in-product AI experience, introducing a suite of AI agents powered by embedded Datagrid intelligence, with additional AI capabilities and broader customer availability expected beginning this summer.

Procore completed its acquisition of Datagrid in January 2026, positioning the company to automate more construction workflows inside its core platform.

This could also be amplified by positioning ahead of upcoming product availability milestones and customer events highlighted in company materials.

Sources:

Procore (press release), Business Wire, U.S. SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PCOR Insider Trading Activity

$PCOR insiders have traded $PCOR stock on the open market 37 times in the past 6 months. Of those trades, 0 have been purchases and 37 have been sales.

Here’s a breakdown of recent trading of $PCOR stock by insiders over the last 6 months:

WILLIAM J.G. GRIFFITH sold 207,474 shares for an estimated $14,999,955
CRAIG F. JR. COURTEMANCHE has made 0 purchases and 11 sales selling 243,365 shares for an estimated $14,203,474.
CONNOR KEVIN J O has made 0 purchases and 19 sales selling 76,920 shares for an estimated $4,732,022.
LAWRENCE JOSEPH STACK (Chief Revenue Officer) sold 10,000 shares for an estimated $753,000
BENJAMIN C SINGER (Chief Legal Officer; Secretary) has made 0 purchases and 3 sales selling 6,938 shares for an estimated $348,023.
HOWARD FU (CFO & Treasurer) has made 0 purchases and 2 sales selling 1,610 shares for an estimated $118,652.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$PCOR Hedge Fund Activity

We have seen 265 institutional investors add shares of $PCOR stock to their portfolio, and 238 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

AQR CAPITAL MANAGEMENT LLC added 4,996,607 shares (+1849.7%) to their portfolio in Q1 2026, for an estimated $284,806,599
UBS GROUP AG added 3,664,955 shares (+840.6%) to their portfolio in Q1 2026, for an estimated $208,902,435
PRICE T ROWE ASSOCIATES INC /MD/ added 3,334,753 shares (+147.4%) to their portfolio in Q1 2026, for an estimated $190,080,921
ALLIANCEBERNSTEIN L.P. added 2,441,295 shares (+33.4%) to their portfolio in Q1 2026, for an estimated $139,153,815
WOODLINE PARTNERS LP removed 1,436,508 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $81,880,956
CAPITAL WORLD INVESTORS added 1,399,774 shares (+44.9%) to their portfolio in Q1 2026, for an estimated $79,787,118
WASATCH ADVISORS LP removed 1,278,561 shares (-30.2%) from their portfolio in Q1 2026, for an estimated $72,877,977

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PCOR Analyst Ratings

Wall Street analysts have issued reports on $PCOR in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 05/06/2026
Piper Sandler issued a "Overweight" rating on 05/06/2026
UBS issued a "Buy" rating on 05/06/2026

To track analyst ratings and price targets for $PCOR, check out Quiver Quantitative's $PCOR forecast page.

$PCOR Price Targets

Multiple analysts have issued price targets for $PCOR recently. We have seen 11 analysts offer price targets for $PCOR in the last 6 months, with a median target of $70.0.

Here are some recent targets:

Kash Rangan from Goldman Sachs set a target price of $70.0 on 05/07/2026
Nick Altmann from BTIG set a target price of $66.0 on 05/06/2026
Clarke Jeffries from Piper Sandler set a target price of $71.0 on 05/06/2026
Taylor McGinnis from UBS set a target price of $68.0 on 05/06/2026
Aaron Kimson from Citizens set a target price of $71.0 on 04/29/2026
Andrew Sherman from TD Cowen set a target price of $75.0 on 04/21/2026
David Hynes from Canaccord Genuity set a target price of $72.0 on 02/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.