Aris Water Solutions, Inc. (NYSE:ARIS) has reported several stock transactions involving its President and CEO, Amanda M. Brock, according to a recent SEC filing. The executive sold a significant number of shares in a series of transactions.
Between May 10 and May 14, Brock parted with a total of 198,000 shares of Class A Common Stock at prices ranging from $16.43 to $16.65, accumulating over $3.3 million from the sales. Notably, the transactions occurred over three separate trading days, with the largest single-day sale on May 10 involving 107,946 shares at a weighted average price of $16.65. On May 13, another 62,054 shares were sold at an average price of $16.43, followed by a sale of 30,000 shares on May 14 at an average price of $16.64.
The disclosed prices represent a weighted average, factoring in multiple trades executed at varying prices within the specified ranges. Brock has committed to providing full details of the individual trades to the SEC, the issuer, or a security holder upon request.
Following these transactions, Brock still holds a substantial number of shares in the company. The CEO's remaining direct ownership in Class A Common Stock stands at 457,909 shares. Additionally, the filing indicates that Brock has indirect ownership through Class B Common Stock, which grants voting rights but no economic interest, totaling 406,693 shares.
These sales have been publicly disclosed as required by SEC regulations for company insiders. Aris Water Solutions, Inc., based in Houston, Texas, operates in the oil and gas field services industry and is incorporated in Delaware.
InvestingPro Insights
Amid the recent news of Aris Water Solutions, Inc.'s (NYSE:ARIS) CEO Amanda M. Brock's stock transactions, InvestingPro offers valuable insights into the company's financial health and stock performance. An analysis from InvestingPro highlights that ARIS is anticipated to experience net income growth this year, which could be a driving factor behind the CEO's confidence in managing her stock holdings.
The company boasts impressive gross profit margins, standing at 57.3% for the last twelve months as of Q1 2024. This robust margin suggests efficient operations and strong pricing power within its industry. It's also worth noting that ARIS has demonstrated a high return over the last year, with a price total return of 90.87%, showcasing the stock's strong performance in the market.
InvestingPro Tips indicate that ARIS is trading at a low P/E ratio relative to near-term earnings growth, with a P/E ratio of 23.75 and an adjusted P/E ratio for the last twelve months as of Q1 2024 at 22.95. This could suggest that the stock is undervalued considering its growth prospects. Additionally, the company has seen a large price uptick over the last six months, with a 91.3% total return, which may interest investors looking for momentum in their portfolio.
For investors seeking more detailed analysis and tips, there are 7 additional InvestingPro Tips available at https://www.investing.com/pro/ARIS. To enhance your investment research, use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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