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

EquipmentShare.com Inc (NASDAQ:EQPT) major shareholder Neil Chheda sold 11,006 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $21.06, for a total value of $231,786.36. Following the completion of the transaction, the insider directly owned 41,762,090 shares in the company, valued at approximately $879,509,615.40. This represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares 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 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 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 stock was sold at an average price of $21.06, for a total value of $161,719.74.

EquipmentShare.com Trading Down 8.8%

Shares of EquipmentShare.com stock opened at $19.54 on Wednesday. The company has a market cap of $4.93 billion and a price-to-earnings ratio of 63.03. The company has a debt-to-equity ratio of 3.16, a current ratio of 2.42 and a quick ratio of 1.91. EquipmentShare.com Inc has a 12 month low of $15.71 and a 12 month high of $35.50. The firm’s 50-day moving average price is $19.79.

EquipmentShare.com (NASDAQ:EQPT) last released its earnings results on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.28. The firm had revenue of $1.45 billion during the quarter. As a group, analysts predict that EquipmentShare.com Inc will post 0.38 earnings per share for the current fiscal year.

EquipmentShare.com declared that its board has approved a stock repurchase program on Friday, July 10th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 12.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

EQPT has been the subject of a number of research reports. Wells Fargo & Company cut 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 note on Tuesday, July 14th. 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 research note on Thursday, July 2nd. 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. BNP Paribas Exane began coverage on EquipmentShare.com in a research note on Monday, June 29th. They set a “neutral” rating and a $22.00 price objective on the stock. Finally, Weiss Ratings raised EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.67.

Institutional Investors Weigh In On EquipmentShare.com

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

Key Stories Impacting 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. The new target implies potential upside from recent trading levels, although the unchanged neutral recommendation limits the bullish signal. Citigroup raises EquipmentShare.com price target
• Neutral Sentiment: Multiple law firms publicized the same previously filed securities class action and reminded investors of the September 21, 2026 deadline to seek lead-plaintiff status. The announcements are largely duplicative rather than evidence of separate lawsuits, but they increase visibility around the allegations. Kaplan Fox class action deadline notice
• Negative Sentiment: EquipmentShare.com faces investor allegations tied to its January 2026 IPO and the January 23–June 23, 2026 class period. The complaints reportedly claim that IPO disclosures understated founder-affiliated related-party transactions and exposure to the company’s OWN Program, potentially creating legal costs, reputational risk and uncertainty over future liabilities. The allegations have not been proven. Pomerantz EquipmentShare investor alert
• Negative Sentiment: Major shareholder Neil Chheda disclosed sales totaling roughly 2.20 million EQPT shares for approximately $45.4 million across August 14 and August 18 transactions. Although he continues to own a significant stake, the sizable disposals may be interpreted as reduced insider conviction and add near-term selling pressure. EquipmentShare.com SEC insider sale filing

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.