EquipmentShare.com (NASDAQ:EQPT) Major Shareholder Sells 11,006 Shares of Stock

EquipmentShare.com Inc (NASDAQ:EQPT) major shareholder Neil Chheda sold 11,006 shares of EquipmentShare.com stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $21.06, for a total transaction of $231,786.36. Following the completion of the sale, the insider directly owned 41,762,090 shares in the company, valued at $879,509,615.40. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $20.62, for a total value of $26,504,989.24.
• 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 Price Performance

Shares of EQPT traded down $1.89 during mid-day trading on Tuesday, hitting $19.54. The stock had a trading volume of 3,253,025 shares, compared to its average volume of 2,237,074. EquipmentShare.com Inc has a 52 week low of $15.71 and a 52 week 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’s fifty day moving average price is $19.80. The company has a market capitalization of $4.93 billion and a price-to-earnings ratio of 63.03.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.28. The firm had revenue of $1.45 billion for the quarter. As a group, research analysts expect that EquipmentShare.com Inc will post 0.46 earnings per share for the current fiscal year.

EquipmentShare.com announced that its board has approved a stock buyback plan on Friday, July 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 12.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EQPT shares. 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 research note on Thursday, July 2nd. Wells Fargo & Company dropped their price target on shares of EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of EquipmentShare.com in a report on Monday, June 22nd. BNP Paribas Exane started coverage on shares of EquipmentShare.com in a report on Monday, June 29th. They set a “neutral” rating and a $22.00 target price on the stock. Finally, Weiss Ratings upgraded EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $36.67.

Institutional Investors Weigh In On EquipmentShare.com

An institutional investor recently bought a new stake in EquipmentShare.com stock. Bank of New York Mellon Corp acquired a new stake in EquipmentShare.com Inc (NASDAQ:EQPT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,605 shares of the company’s stock, valued at approximately $326,000.

More EquipmentShare.com News

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

EquipmentShare.com Company Profile

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