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EdgarHawk

Singer Benjamin C

Chief Legal Officer; Secretary

Officer
3 filings analyzed · 1 company · Latest 2025-02-21

Companies

Company Buys Sells Direction
PROCORE TECHNOLOGIES, INC. PCOR 0 8 Net selling

Activity

February 2025
medium
Sell
6,937 shares
$579,922
Significance 5/10

CLO Benjamin C Singer sold 6,937 shares at $83.60 blended average (Feb 21) for $579,922.29, reducing holdings 8.8%.

Benjamin C Singer, Chief Legal Officer and Secretary at Procore, executed 2 separate sales totaling 6,937 shares for $579,922.29, reducing his holdings from 79,047 to 72,110 shares (8.8% reduction). At $83.60 blended average, the sales occurred near the 52-week peak ($88.33), roughly 4.6% below the high and only 1.6% above the current price of $82.25. Reviewing his prior transaction history at Procore reveals a consistent pattern: all 5 prior sales at this ticker posted positive 90-day returns (ranging from +8.2% to +26.2%), indicating the stock rallied after each sale—none were well-timed by the 90-day metric. This current sale adds another data point to what is becoming a pattern of sell activity that has not preceded material near-term declines at this ticker. Against the backdrop of the company's unprofitability (net income $-26.4M) despite strong revenue growth of +31.9%, the timing and scale of this insider's continued selling activity merits monitoring.

November 2024
medium
Sell
10,928 shares
$805,969
Significance 5/10

CLO Benjamin C Singer sold 10,928 shares at blended avg $73.75 on Nov 21-22 at PCOR

Benjamin C Singer, Chief Legal Officer and Secretary at Procore Technologies, executed 3 separate sales totaling 10,928 shares for $805,969.29 on November 21-22 at prices ranging from $71.36 to $76.78. This represents an 11.3% reduction in his holdings (from 97.0K to 86.0K shares). Singer's cross-ticker track record shows 84.62% well-timed sells overall, though at Procore specifically, his prior 5 trades show mixed timing: 3 of the 5 prior sales achieved negative 90-day returns (well-timed), while 2 achieved positive 90-day returns (poorly timed). The stock has gained +24.4% over 30 days and +24.9% over 90 days from the trading date, currently trading at $76.68, which is -6.9% from the 52-week high of $82.36. Notably, the company remains unprofitable (net income $-26.4M in the latest quarter), though it reported robust +31.9% annual revenue growth and has a market cap of $11.4B.

August 2024
high
Sell
9,893 shares
$587,139
Significance 7/10

PCOR CLO Singer sells 9,893 shares for $587,139.33; 5 consecutive PCOR sells all well-timed with negative 90-day returns.

Benjamin C Singer, Chief Legal Officer and Secretary of Procore Technologies, executed 2 separate sales totaling 9,893 shares for $587,139.33 on August 22–23, 2024, at a blended average price of $59.35. This reduces his holdings by 9.3% to 96.8K shares. The current stock price of $61.68 is 25.1% below the 52-week high of $82.36, and the 30-day change is -12.3%. Notably, Singer's prior 5 trades at PCOR (all sales) were uniformly well-timed at the 90-day mark—each showing negative 90-day returns—establishing a consistent pattern of selling before declines. His cross-ticker track record shows a 100.00% well-timed rate on 11 prior sales, further underscoring disciplined execution. Against this backdrop of a company that is unprofitable (net income -$6.3M in the latest quarter and negative for the full fiscal year) but growing revenue at +31.9% annually, Singer's continuation of this established selling pattern warrants investor attention to the divergence between growth metrics and profitability trends.

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