Knight-Swift CEO Reid Dove sells $12.3m in company stock By Investing.com

Reid Dove, CEO of AAA Cooper Transportation and a Director at Knight-Swift Transportation Holdings Inc. (), disposed of common stock totaling approximately $12,301,121 across two transactions in mid-August. The shares were sold at weighted average prices ranging from $71.4898 to $73.132 per share. The sales come as KNX shares have surged approximately 73% over the past year, currently trading at $72.42 with a market capitalization of $11.93 billion. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list.

On August 12, 2026, Mr. Dove indirectly sold 42,290 shares of Class A Common Stock. These shares were sold at a weighted average price of $71.4898 per share, with individual sales occurring at prices ranging from $70.445 to $72.215. Following this transaction, 126,864 shares remained indirectly owned by a foundation.

The following day, August 13, 2026, Mr. Dove indirectly sold an additional 126,864 shares of Class A Common Stock. The shares were sold at a weighted average price of $73.132 per share, with individual sales occurring at prices ranging from $72.99 to $73.455. After this transaction, the foundation’s indirect beneficial ownership of Class A Common Stock was reduced to zero.For deeper insights into Knight-Swift’s valuation and performance, InvestingPro offers access to over 10 additional ProTips and comprehensive Pro Research Reports covering more than 1,400 US equities.

In other recent news, Knight-Swift Transportation Holdings reported stronger-than-expected second-quarter 2026 results. The company achieved adjusted earnings per share of $0.63, surpassing the consensus estimate of $0.51 and exceeding management’s guidance range. Revenue for the quarter reached $2.1 billion, slightly above the forecast of $2.04 billion. Analysts from Benchmark and Stifel both maintained their Buy ratings on the stock, with price targets of $90 and $88, respectively. Benchmark highlighted the Truckload segment as a key driver of the earnings beat, while Stifel noted the significant year-over-year increase in earnings per share. Citizens also reiterated a Market Outperform rating, emphasizing the company’s margin strength despite GAAP earnings per share falling short of expectations. These recent developments reflect a positive quarter for Knight-Swift, with improvements in pricing and network efficiency contributing to the results.

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