EquipmentShare.com (NASDAQ:EQPT) CEO Acquires $37,800.00 in Stock

Key Points

• CEO insider buying: Jabbok Schlacks purchased 2,100 EQPT shares for $37,800, raising his direct ownership to 102,100 shares. He has made several additional purchases since late August.
• Stock and financial performance: EQPT traded near $17.58, well below its 12-month high of $35.50. Its latest quarterly earnings of $0.18 per share beat estimates, while revenue reached $1.45 billion.
• Legal and investor concerns: Multiple law firms announced a securities class action related to alleged undisclosed $77 million in related-party transactions. The company also has a $500 million share-repurchase authorization, while analysts maintain a consensus “Hold” rating.

EquipmentShare.com Inc (NASDAQ:EQPT - Get Free Report) CEO Jabbok Schlacks bought 2,100 shares of EquipmentShare.com stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $37,800.00. Following the completion of the transaction, the chief executive officer directly owned 102,100 shares in the company, valued at $1,837,800. This represents a 2.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jabbok Schlacks also recently made the following trade(s):

• On Tuesday, September 15th, Jabbok Schlacks purchased 22,900 shares of EquipmentShare.com stock. The stock was acquired at an average cost of $17.76 per share, with a total value of $406,704.00.
• On Wednesday, September 2nd, Jabbok Schlacks purchased 10,000 shares of EquipmentShare.com stock. The stock was acquired at an average cost of $17.69 per share, with a total value of $176,900.00.
• On Tuesday, September 1st, Jabbok Schlacks purchased 15,000 shares of EquipmentShare.com stock. The shares were acquired at an average price of $17.03 per share, for a total transaction of $255,450.00.
• On Monday, August 31st, Jabbok Schlacks acquired 15,500 shares of EquipmentShare.com stock. The shares were bought at an average price of $17.46 per share, for a total transaction of $270,630.00.
• On Friday, August 28th, Jabbok Schlacks acquired 9,500 shares of EquipmentShare.com stock. The shares were bought at an average price of $17.87 per share, for a total transaction of $169,765.00.

EquipmentShare.com Stock Performance

Shares of EquipmentShare.com stock traded down $0.10 during midday trading on Wednesday, hitting $17.58. The company had a trading volume of 3,311,185 shares, compared to its average volume of 2,236,000. The company has a fifty day simple moving average of $18.63 and a 200 day simple moving average of $21.02. The stock has a market cap of $4.45 billion and a price-to-earnings ratio of 56.71. The company has a quick ratio of 1.91, a current ratio of 2.42 and a debt-to-equity ratio of 3.16. EquipmentShare.com Inc has a 12-month low of $15.71 and a 12-month high of $35.50.

EquipmentShare.com (NASDAQ:EQPT - Get Free Report) last released its 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 company had revenue of $1.45 billion for the quarter. As a group, analysts predict that EquipmentShare.com Inc will post 0.44 earnings per share for the current fiscal year.

EquipmentShare.com declared that its board has initiated a share buyback program on Friday, July 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 12.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Key EquipmentShare.com News

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

• Negative Sentiment: Several law firms, including Kaplan Fox, Levi & Korsinsky, and Faruqi & Faruqi, reminded investors that a securities class action has been filed against EquipmentShare. The case covers investors who purchased shares in or traceable to the company’s January 2026 IPO, as well as purchases made from January 23 through June 23, 2026. Kaplan Fox class action notice
• Negative Sentiment: The allegations center on claims that EquipmentShare failed to disclose related-party transactions involving at least $77 million allegedly funneled to entities affiliated with the company’s founder. The legal complaints assert that investors were harmed after the allegations became public and the shares experienced a sharp correction. These claims have not been proven in court. SueWallSt shareholder alert
• Negative Sentiment: At least a dozen investor-law-firm notices were issued between September 14 and 16, urging affected shareholders to seek lead-plaintiff status before the September 21 deadline. The high volume of notices may amplify concerns about disclosure controls, governance, potential litigation costs, and future settlement or liability exposure. Rosen Law Firm deadline notice
• Neutral Sentiment: The announcements do not provide new quarterly results, guidance, or changes to EquipmentShare’s business outlook. Investors will likely focus on the company’s response to the allegations and any developments in the litigation.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group cut their target price on EquipmentShare.com from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, August 20th. Truist Financial reaffirmed a "buy" rating and set a $35.00 price target (down from $38.00) on shares of EquipmentShare.com in a research report on Tuesday, August 25th. Citizens Jmp restated a "market outperform" rating and issued a $42.00 price objective on shares of EquipmentShare.com in a research note on Monday, June 22nd. BNP Paribas Exane began coverage on EquipmentShare.com in a report on Monday, June 29th. They set a "neutral" rating and a $22.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on EquipmentShare.com from $32.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Six 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $34.78.

Hedge Funds Weigh In On EquipmentShare.com

A number of institutional investors have recently modified their holdings of EQPT. Engineers Gate Manager LP acquired a new position in shares of EquipmentShare.com in the 2nd quarter valued at about $679,000. Arizona State Retirement System purchased a new stake in shares of EquipmentShare.com in the second quarter worth about $205,000. Waverly Advisors LLC acquired a new stake in EquipmentShare.com during the second quarter worth about $2,387,000. Chico Wealth RIA acquired a new stake in EquipmentShare.com during the second quarter worth about $322,000. Finally, Wellington Management Group LLP purchased a new position in EquipmentShare.com during the second quarter valued at approximately $168,226,000.

About EquipmentShare.com

EquipmentShare.com is a technology-enabled equipment rental and services company serving the construction and industrial sectors. The company provides access to construction equipment, including aerial lifts, earthmoving machinery, material-handling equipment, generators and other jobsite assets, through a network of locations across the United States.

Its business combines equipment rental and sales with maintenance, repair and related support services. EquipmentShare also offers technology intended to help contractors manage fleets and jobsites.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.