Neil Chheda Sells 1,285,402 Shares of EquipmentShare.com (NASDAQ:EQPT) Stock

EquipmentShare.com Inc (NASDAQ:EQPT) major shareholder Neil Chheda sold 1,285,402 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 40,476,688 shares of the company’s stock, valued at approximately $834,629,306.56. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 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 transaction of $231,786.36.
• 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 Trading Down 8.8%

NASDAQ EQPT traded down $1.89 on Tuesday, hitting $19.54. 3,253,025 shares of the company’s stock were exchanged, compared to its average volume of 2,237,074. The business has a 50-day moving average price of $19.80. 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 Inc has a 52 week low of $15.71 and a 52 week high of $35.50. The company has a market cap of $4.93 billion and a PE ratio of 63.03.

EquipmentShare.com (NASDAQ:EQPT) last issued its earnings results on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.28. The business had revenue of $1.45 billion during the quarter. As a group, analysts predict that EquipmentShare.com Inc will post 0.46 earnings per share for the current year.

EquipmentShare.com declared that its Board of Directors has approved a stock buyback program on Friday, July 10th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 12.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in EquipmentShare.com stock. Bank of New York Mellon Corp bought a new position in shares of EquipmentShare.com Inc (NASDAQ:EQPT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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

Analysts Set New Price Targets

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

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.