Expro Group (NYSE:XPRO) Shares Gap Down Following Insider Selling

Shares of Expro Group Holdings (NYSE:XPRO – Get Rating) gapped down before the market opened on Friday after an insider sold shares in the company. The stock had previously closed at $23.61, but opened at $23.07. Expro Group shares last traded at $23.20, with a volume of 59,313 shares changing hands.

Specifically, Director Michael C. Kearney sold 3,546 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $20.01, for a total value of $70,955.46. Following the sale, the director now directly owns 232,766 shares of the company’s stock, valued at $4,657,647.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Michael C. Kearney sold 3,546 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $20.01, for a total transaction of $70,955.46. Following the completion of the sale, the director now owns 232,766 shares of the company’s stock, valued at $4,657,647.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hill Advisors Lp Oak sold 9,200,000 shares of Expro Group stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $16.50, for a total transaction of $151,800,000.00. Following the completion of the transaction, the insider now directly owns 19,895,891 shares of the company’s stock, valued at approximately $328,282,201.50. The disclosure for this sale can be found here. Insiders have sold 9,278,111 shares of company stock valued at $153,529,560 in the last ninety days. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XPRO shares. Piper Sandler boosted their price objective on Expro Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, December 20th. Barclays boosted their price target on Expro Group from $16.00 to $22.00 in a research note on Thursday.

Expro Group Trading Up 0.0 %

The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -131.22 and a beta of 1.09. The business has a fifty day moving average price of $19.52 and a 200 day moving average price of $16.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.98 and a quick ratio of 1.63.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Expro Group by 14.3% during the third quarter. BlackRock Inc. now owns 5,235,636 shares of the company’s stock worth $66,702,000 after purchasing an additional 653,751 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Expro Group by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 5,218,078 shares of the company’s stock valued at $66,479,000 after acquiring an additional 49,055 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Expro Group by 20.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,204,573 shares of the company’s stock valued at $58,099,000 after acquiring an additional 551,821 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Expro Group by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,642,516 shares of the company’s stock valued at $33,666,000 after acquiring an additional 55,038 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Expro Group by 28.1% in the second quarter. William Blair Investment Management LLC now owns 2,192,579 shares of the company’s stock valued at $25,259,000 after acquiring an additional 480,658 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

About Expro Group

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Expro Group Holdings NV engages in the provision of energy services. Its products and services include well construction, well flow management, well intervention and integrity, and subsea well access. The company was founded in 1938 and is headquartered in Houston, TX.