Neil Chheda Sells 11,006 Shares of EquipmentShare.com (NASDAQ:EQPT) Stock

EquipmentShare.com Inc (NASDAQ:EQPT) major shareholder Neil Chheda sold 11,006 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $21.06, for a total transaction of $231,786.36. Following the sale, the insider directly owned 41,762,090 shares of the company’s stock, valued at approximately $879,509,615.40. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Neil Chheda also recently made the following trade(s):

• On Tuesday, August 18th, Neil Chheda sold 1,285,402 shares of EquipmentShare.com stock. The stock was sold at an average price of $20.62, for a total transaction of $26,504,989.24.
• On Tuesday, August 18th, Neil Chheda sold 896,945 shares of EquipmentShare.com stock. The shares were sold at an average price of $20.62, for a total transaction of $18,495,005.90.
• On Friday, August 14th, Neil Chheda sold 7,679 shares of EquipmentShare.com stock. The shares were sold at an average price of $21.06, for a total transaction of $161,719.74.

EquipmentShare.com Stock Performance

Shares of EquipmentShare.com stock opened at $19.68 on Thursday. EquipmentShare.com Inc has a one year low of $15.71 and a one year high of $35.50. The business has a fifty day moving average of $19.81. The company has a market cap of $4.97 billion and a PE ratio of 63.48. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 3.16.

EquipmentShare.com (NASDAQ:EQPT) last released its earnings results on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.28. The company had revenue of $1.45 billion for the quarter. Analysts predict that EquipmentShare.com Inc will post 0.38 EPS for the current year.

EquipmentShare.com declared that its board has approved a stock repurchase program on Friday, July 10th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 12.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

EquipmentShare.com News Summary

Here are the key news stories impacting EquipmentShare.com this week:

• Positive Sentiment: Citigroup raised its price target for EquipmentShare.com (EQPT) from $19 to $22 while maintaining a neutral rating. The revision suggests some potential upside, although the unchanged rating limits the bullish impact. Citigroup raises EquipmentShare.com price target
• Positive Sentiment: Insider William Schlacks purchased 1,850 EQPT shares for approximately $38,500 on August 14, following additional purchases of 3,100 shares on August 17 and 4,000 shares on August 18. The buying may signal confidence in the company’s valuation. EquipmentShare.com insider purchase filing
• Positive Sentiment: The company’s latest quarterly results were stronger than expected, with earnings of $0.18 per share versus consensus expectations for a $0.10 loss and revenue of $1.45 billion. A previously authorized $500 million share-repurchase program also provides potential support for the stock.
• Neutral Sentiment: Several law firms reiterated the September 21, 2026 deadline for investors to seek lead-plaintiff status in the same previously filed securities class action. The announcements are largely duplicative, but they keep legal concerns in focus. EquipmentShare securities lawsuit deadline
• Negative Sentiment: The lawsuit alleges that EquipmentShare’s IPO disclosures understated or failed to adequately describe related-party transactions involving founder-affiliated entities, including the OWN Program and T3 platform. If substantiated, the claims could lead to litigation costs, reputational damage and financial liabilities. EquipmentShare related-party transaction lawsuit allegations
• Negative Sentiment: Major shareholder Neil Chheda sold roughly 2.2 million EQPT shares for about $45.4 million across August 14 and August 18. Although he retains a large position, the sizable sales may indicate reduced conviction and create near-term supply pressure. EquipmentShare major shareholder sale filing

Institutional Investors Weigh In On EquipmentShare.com

An institutional investor recently bought a new stake in EquipmentShare.com stock. Wellington Management Group LLP bought a new position in shares of EquipmentShare.com Inc (NASDAQ:EQPT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,556,779 shares of the company’s stock, valued at approximately $168,226,000. Wellington Management Group LLP owned about 3.39% of EquipmentShare.com as of its most recent filing with the Securities and Exchange Commission (SEC).

Wall Street Analysts Forecast Growth

EQPT has been the subject of several analyst reports. Truist Financial reduced their target price on shares of EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $42.00 price target on shares of EquipmentShare.com in a report on Monday, June 22nd. Weiss Ratings upgraded shares of EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Citigroup increased their price objective on shares of EquipmentShare.com from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, BNP Paribas Exane began coverage on shares of EquipmentShare.com in a research report on Monday, June 29th. They set a “neutral” rating and a $22.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, EquipmentShare.com has a consensus rating of “Hold” and a consensus target price of $36.67.

About EquipmentShare.com

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.