Forum Energy Technologies SVP Michael Danford sells $118,365 in stock By Investing.com

Michael Dewayne Danford, Senior Vice President and Chief Human Resources Officer at Forum Energy Technologies, Inc. (), sold shares of common stock totaling $118,365 on August 10, 2026.

The transaction involved the sale of 1,500 shares at a price of $78.91 per share. Following this transaction, Mr. Danford directly owns 52,639 shares of Forum Energy Technologies common stock. The sale came as FET stock trades near its 52-week high of $83.18, with shares currently at $83.07. The stock has surged 266% over the past year and 125% year-to-date, according to InvestingPro data.

The transaction was reported in a Form 4 filing with the Securities and Exchange Commission on August 11, 2026. InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value. For deeper insights, investors can access FET’s comprehensive Pro Research Report, available for this and 1,400+ US equities.

In other recent news, Forum Energy Technologies reported impressive second-quarter 2026 results, surpassing Wall Street expectations in both earnings and revenue. The company achieved earnings of $1.16 per share, significantly exceeding the forecasted $0.51 per share. Revenue also outperformed projections, reaching $226.22 million compared to the anticipated $210.4 million. Management has raised its full-year guidance, attributing this to strong orders, margin expansion, and better-than-expected performance in its oilfield equipment businesses. These developments have attracted attention from analysts, although specific upgrades or downgrades were not mentioned. Forum Energy Technologies’ robust financial performance highlights its effective execution in the current market environment. The company continues to focus on enhancing its operational efficiency and capitalizing on market opportunities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.