CEO Kneen Quintin purchased 41,615 shares of TDW at $48.06 ($2.0M), increasing holdings 30.9%, amid 56.8% decline from 52-week high.
Kneen Quintin, the CEO and president, deployed approximately $2.0M to purchase 41,615 shares at $48.06, a substantial open-market acquisition that increased his stake by 30.9% to 176,239 shares post-transaction. The purchase occurs amid material stock weakness: the current price is $47.05, representing a 56.8% decline from the 52-week high of $108.83, with the stock down 36.9% over the prior 90 days. Contextually, the company exhibits strong fundamentals—annual revenue growth of 55.9%, a P/E of 13.56, and recent quarterly net income of $46.4M on revenue of $340.4M—suggesting the stock's depressed valuation may not reflect operational performance. Notably, Quintin's prior 3 trades at TDW were all sales, each well-timed (all three achieved negative 90-day returns), establishing a track record of recognizing tops; the reversal to a significant buy represents a notable shift in positioning at substantially lower price levels.