Yahoo Finance Insider Sale: Tidewater Inc (TDW) Director, President & CEO Quintin Kneen Sells 150,000 Shares
On May 7, 2024, Quintin Kneen, Director, President & CEO of Tidewater Inc (NYSE:TDW), sold 150,000 shares of the company. The transaction was filed on May 9, 2024, as reported in the SEC Filing.
Tidewater Inc operates globally, providing offshore service vessels and marine support services to the global energy industry. The company helps in the production and transportation of offshore oil and natural gas.
Over the past year, the insider has sold a total of 150,000 shares and has not purchased any shares. The insider transaction history for Tidewater Inc shows 6 insider buys and 9 insider sells over the past year.
On the day of the sale, shares of Tidewater Inc were priced at $109.01, giving the company a market cap of approximately $5.64 billion. The price-earnings ratio of the company stands at 42.45, which is above the industry median.
According to the GF Value, the intrinsic value of Tidewater Inc is estimated at $50.08 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 2.18.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
