Tidewater EVP Daniel Hudson sells $445,050 in common stock By Investing.com

Daniel A. Hudson, Executive Vice President, Chief Legal Officer, and Corporate Secretary at Tidewater Inc. (), sold 5,000 shares of the company’s common stock on August 10, 2026. The shares were sold at a price of $89.01 per share, totaling $445,050. The stock has since appreciated to $94.28, trading near its 52-week high of $95.31.

Following this transaction, Mr. Hudson directly beneficially owns 48,229 shares of Tidewater common stock. The sale was executed pursuant to a Rule 10b5-1 trading plan, which Mr. Hudson adopted on March 17, 2026. According to InvestingPro analysis, Tidewater remains undervalued based on Fair Value calculations and trades at an attractive PEG ratio of 0.65. For deeper insights into TDW’s valuation and 12 additional InvestingPro Tips, investors can access the comprehensive Pro Research Report.

In other recent news, Tidewater Inc. reported its second-quarter financial results, revealing revenue that surpassed Wall Street expectations. The company achieved revenue of $342.3 million, exceeding analyst projections of $330.42 million. Despite this positive revenue performance, Tidewater’s adjusted earnings per share were slightly below forecasts, coming in at $0.43 compared to the expected $0.45. The company noted an improvement in cash flow during this period. These developments indicate a significant improvement in the company’s operational metrics, such as higher day rates and stronger utilization. Analysts have been closely monitoring these metrics as they assess Tidewater’s financial health. The revenue beat suggests robust business conditions, even as earnings per share fell short of predictions. Investors will likely be evaluating these results in the context of broader industry trends and future company performance.

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