Director Naveen Bhatia bought 10,000 shares of EQPT at $24.22; stock now $24.29, down 31.6% from 52-week high of $35.50.
Naveen Bhatia, a director of EquipmentShare.com Inc, purchased 10,000 shares at $24.22, bringing his holdings to 312,000 shares. The transaction occurs as EQPT trades near its 52-week low relative to its high, having declined 31.6% from the $35.50 peak. Over the past 30 days, the stock has recovered 21.4%, though it remains down 28.1% over 90 days. The company posted revenue of $989.0M in the latest quarter with net income of $-29.0M, indicating current profitability challenges despite annual revenue growth of 16.3%. The director's purchase at this price level and current valuation provides a data point on insider activity during a period of significant stock volatility and negative earnings.