Kenneth Traub, a director of offshore vessel operator Tidewater Inc., disposed of 10,000 shares of the company’s common stock on September 2, 2026. The transactions, filed in a Form 4 with the SEC on September 3, generated roughly $990,000, with trade prices ranging from $99.00 to $99.28 per share and a weighted‑average price of $99.00. After the sale, Traub’s direct holding stands at 63,521 shares.
Tidewater’s shares have risen sharply, trading near a 52‑week high of $101.58 and up about 87% year‑to‑date and 65% over the past twelve months. InvestingPro’s analysis continues to list the stock as undervalued relative to its fair‑value estimate.
In the latest quarter, Tidewater reported revenue of $342.3 million, topping analysts’ consensus of $330.42 million, while adjusted earnings per share came in at $0.43 versus the $0.45 forecast. The company cited improved cash flow driven by higher day rates and better vessel utilization. Following the results, BTIG upgraded the stock from Neutral to Buy and set a price target of $120, citing expectations of a tightening offshore supply‑vessel market over the next two years.
