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.