Insider Selling: EquipmentShare.com (NASDAQ:EQPT) Major Shareholder Sells $231,786.36 in Stock

Key Points

• Major shareholder Neil Chheda sold $231,786 worth of EquipmentShare.com shares at an average price of $21.06, reducing his position by 0.03%. He also recently sold more than $45 million in additional shares.
• EQPT shares fell 8.8% to $19.54 during Tuesday trading, despite the company reporting quarterly earnings of $0.18 per share, beating analyst expectations of a loss.
• The company authorized a $500 million share buyback, while investors also face uncertainty from securities litigation allegations involving related-party transactions and IPO disclosures.

EquipmentShare.com Inc (NASDAQ:EQPT - Get Free Report) major shareholder Neil Chheda sold 11,006 shares of EquipmentShare.com stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $21.06, for a total value of $231,786.36. Following the transaction, the insider owned 41,762,090 shares of the company's stock, valued at $879,509,615.40. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's shares 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 value 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 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 Trading Down 8.8%

Shares of NASDAQ:EQPT traded down $1.89 during mid-day trading on Tuesday, hitting $19.54. 3,253,025 shares of the company traded hands, compared to its average volume of 2,237,074. The firm's 50-day moving average price is $19.80. EquipmentShare.com Inc has a 12-month low of $15.71 and a 12-month high of $35.50. The stock has a market cap of $4.93 billion and a PE ratio of 63.03. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.91 and a current ratio of 2.42.

EquipmentShare.com (NASDAQ:EQPT - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.28. The company had revenue of $1.45 billion during the quarter. As a group, analysts expect that EquipmentShare.com Inc will post 0.46 earnings per share for the current year.

EquipmentShare.com declared that its board has initiated a share buyback program on Friday, July 10th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 12.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Trending Headlines about EquipmentShare.com

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of EquipmentShare.com from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday. Wells Fargo & Company dropped their target price on shares of EquipmentShare.com from $32.00 to $25.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. 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 target price on the stock. Citigroup boosted their target price on EquipmentShare.com from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Citizens Jmp reaffirmed a "market outperform" rating and issued a $42.00 target price on shares of EquipmentShare.com in a report on Monday, June 22nd. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.67.

Institutional Trading of EquipmentShare.com

An institutional investor recently bought a new stake in EquipmentShare.com stock. Bank of New York Mellon Corp acquired a new position in EquipmentShare.com Inc (NASDAQ:EQPT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,605 shares of the company's stock, valued at approximately $326,000.

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.

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