Why Procore Technologies (PCOR) Stock Is Down Today

Procore Technologies (PCOR) is down 6.1% today. Here is some analysis on what might have caused this price movement. ([investors.procore.com](https://investors.procore.com/?utm_source=openai))

Analysis: The most likely explanation is a mix of broader software-sector weakness and investor caution after Procore’s recent DroneDeploy deal rather than a clearly negative company-specific announcement today. This could be because traders are reassessing valuation, integration risk, and the company’s recent use of capital after an acquisition-heavy stretch. ([schaeffersresearch.com](https://www.schaeffersresearch.com/content/ezines/2026/09/24/oracle-stock-selloff-drags-nasdaq-triple-digits?utm_source=openai))

Details:

Procore closed its DroneDeploy acquisition on September 9, 2026, for about $845 million in cash, giving investors a fresh reason to focus on integration execution and balance-sheet discipline. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1611052/000119312526386428/0001193125-26-386428.txt))

In late July, Procore also said it planned to acquire DroneDeploy and framed the transaction around AI, jobsite visibility, and workflow automation, which raised the strategic stakes for the deal. ([investors.procore.com](https://investors.procore.com/news/news-details/2026/Procore-to-Acquire-DroneDeploy-Creating-Next-Generation-Platform-That-Sees-Understands-and-Acts-on-the-Jobsite/default.aspx?utm_source=openai))

Procore’s most recent quarterly report was fundamentally solid, with 16% revenue growth, GAAP operating profitability, and stronger free cash flow, so today’s drop does not appear tied to a weak earnings release. ([investors.procore.com](https://investors.procore.com/news/news-details/2026/Procore-Announces-Second-Quarter-2026-Financial-Results/default.aspx))

Broader market conditions were also pressuring technology shares on September 24 as rising Treasury yields weighed on the Nasdaq and software names. ([schaeffersresearch.com](https://www.schaeffersresearch.com/content/ezines/2026/09/24/oracle-stock-selloff-drags-nasdaq-triple-digits?utm_source=openai))

Sources:

Procore Investor Relations, SEC, Yahoo Finance

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 36 times in the past 6 months. Of those trades, 0 have been purchases and 36 have been sales.

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

CRAIG F. JR. COURTEMANCHE has made 0 purchases and 14 sales selling 336,732 shares for an estimated $16,742,759.
CONNOR KEVIN J O has made 0 purchases and 18 sales selling 73,082 shares for an estimated $3,787,860.
WILLIAM FRED JR FLEMING (SVP, Corporate Controller) sold 10,000 shares for an estimated $589,500
BENJAMIN C SINGER (Chief Legal Officer; Secretary) has made 0 purchases and 2 sales selling 7,885 shares for an estimated $446,889.
ELISA STEELE sold 1,500 shares for an estimated $94,500

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.

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$PCOR Hedge Fund Activity

We have seen 206 institutional investors add shares of $PCOR stock to their portfolio, and 334 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ALLIANCEBERNSTEIN L.P. removed 4,662,732 shares (-47.8%) from their portfolio in Q2 2026, for an estimated $189,400,173
AQR CAPITAL MANAGEMENT LLC removed 2,880,360 shares (-54.7%) from their portfolio in Q2 2026, for an estimated $117,000,223
MERITAGE GROUP LP removed 2,678,410 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $108,797,014
JPMORGAN CHASE & CO added 2,618,552 shares (+inf%) to their portfolio in Q2 2026, for an estimated $106,365,582
TIGER GLOBAL MANAGEMENT LLC removed 2,339,500 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $95,030,490
MORGAN STANLEY added 2,336,625 shares (+25.7%) to their portfolio in Q2 2026, for an estimated $94,913,707
PRINCIPAL FINANCIAL GROUP INC removed 2,200,765 shares (-65.6%) from their portfolio in Q2 2026, for an estimated $89,395,074

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 6 analysts offer price targets for $PCOR in the last 6 months, with a median target of $70.5.

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

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.