EquipmentShare.com (NASDAQ:EQPT) Major Shareholder Sells 1,285,402 Shares

EquipmentShare.com Inc (NASDAQ:EQPT) major shareholder Neil Chheda sold 1,285,402 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $20.62, for a total transaction of $26,504,989.24. Following the completion of the sale, the insider directly owned 40,476,688 shares in the company, valued at approximately $834,629,306.56. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Friday, August 14th, Neil Chheda sold 11,006 shares of EquipmentShare.com stock. The stock was sold at an average price of $21.06, for a total value of $231,786.36.
• On Tuesday, August 18th, Neil Chheda sold 896,945 shares of EquipmentShare.com stock. The stock was sold at an average price of $20.62, for a total value 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 value of $161,719.74.

EquipmentShare.com Stock Performance

Shares of EQPT stock traded down $1.89 on Tuesday, hitting $19.54. The company had a trading volume of 3,253,025 shares, compared to its average volume of 2,237,074. EquipmentShare.com Inc has a twelve month low of $15.71 and a twelve month high of $35.50. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.91 and a current ratio of 2.42. The stock has a market cap of $4.93 billion and a price-to-earnings ratio of 63.03. The company’s 50-day moving average price is $19.80.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.28. The company had revenue of $1.45 billion during the quarter. Equities research analysts predict that EquipmentShare.com Inc will post 0.46 EPS for the current year.

EquipmentShare.com declared that its board has initiated a stock repurchase program on Friday, July 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 12.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

EQPT has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Wells Fargo & Company lowered their target price on shares of EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. BNP Paribas Exane began coverage on shares of EquipmentShare.com in a report on Monday, June 29th. They issued a “neutral” rating and a $22.00 target price on the stock. Citigroup upped their price target on shares of EquipmentShare.com from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Weiss Ratings upgraded EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, EquipmentShare.com currently has an average rating of “Hold” and a consensus target price of $36.67.

Hedge Funds Weigh In On EquipmentShare.com

A hedge fund recently bought a new position in EquipmentShare.com stock. Bank of New York Mellon Corp purchased a new position in shares of EquipmentShare.com Inc (NASDAQ:EQPT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,605 shares of the company’s stock, valued at approximately $326,000.

EquipmentShare.com News Roundup

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

• Positive Sentiment: Citigroup raised its price target on EquipmentShare.com from $19 to $22 while maintaining a “neutral” rating, implying potential upside from recent trading levels. Citigroup price-target update
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026 is the deadline to seek lead-plaintiff status in a federal securities class action covering EquipmentShare’s January 2026 IPO and purchases made between January 23 and June 23, 2026. The announcements primarily seek to attract potential claimants and do not represent a court finding of wrongdoing. Kaplan Fox class-action notice
• Negative Sentiment: The litigation alleges that EquipmentShare’s IPO and subsequent disclosures understated founder-affiliated related-party transactions and exposure to its OWN Program. One notice also alleges that executives controlled SEC filings and related-party disclosures, with investors suffering a reported $8.44-per-share decline. These claims could create legal costs, reputational damage and uncertainty around the company’s disclosures, weighing on investor sentiment. Pomerantz investor alert

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.