The filing signals continued insider selling by an officer, adding to a pattern of insider distribution in a stock with overwhelmingly bearish analyst consensus. While the absolute dollar amount is small relative to market cap, the cumulative insider selling trend and weak sell-side sentiment suggest caution. Monitor for additional Form 144 or Form 4 filings, and watch the next quarterly report for any operational deterioration that could explain the selling.
Price Chart
Executive Summary
Michael Danford, an officer of Forum Energy Technologies, filed a Form 144 notice of intent to sell 1,500 shares of common stock, with an approximate market value of $118,365 based on a recent sale price of $78.91. This follows a prior sale of 3,000 shares on May 13, 2026, for about $166,476, and comes amid weak analyst sentiment (0% bullish) and a history of insider selling. The filing itself is a routine advance notice of a small sale relative to the company's $882M market cap, but the pattern of officer selling in a stock with bearish consensus warrants attention.
Key Facts
- Officer Michael Danford filed Form 144 to sell 1,500 shares of FET common stock.
- Estimated sale value based on recent price: ~$118,365.
- Danford previously sold 3,000 shares on May 13, 2026, for ~$166,476.
- FET has 0% analyst bullish rating (3 Hold, 4 Sell, 1 Strong Sell).
- Recent insider activity (30d) shows 2 sells totaling $353K.
Financial Impact
Proposed sale of 1,500 shares valued at ~$118,365; prior sale of 3,000 shares for ~$166,476 in May 2026.
Risk Factors
- Continued insider selling may indicate management's lack of confidence in near-term prospects.
- Bearish analyst consensus (0% buy ratings) suggests headwinds in the oil & gas machinery sector.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-055555 |
| Document: 0001628280-26-055555-index.html | 0001628280-26-055555 |
| Document: 0001628280-26-055555.txt | 0001628280-26-055555 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $88.87 | awaiting T+20 | — | $88.87 (+0.00%) |
Aug 21, 2026 9w ago | Insider Cluster | $76.05 $80.95 | ▼ −6.44% | ▼ −5.15% | $88.87 (−16.86%) |
Aug 17, 2026 10w ago | Insider Cluster | $82.51 $82.18 | ▼ −0.40% | ▲ +0.59% | $88.87 (+7.71%) |
Aug 14, 2026 10w ago | 144 | $85.36 $80.69 | ▼ −5.47% | ▼ −3.48% | $88.87 (+4.11%) |
Aug 12, 2026 10w ago | Insider Cluster | $82.42 $83.02 | ▲ +0.73% | ▲ +2.48% | $88.87 (+7.83%) |
Aug 11, 2026 10w ago | Insider Cluster | $82.86 $80.96 | ▼ −2.29% | ▼ −0.40% | $88.87 (+7.25%) |
Aug 11, 2026 10w ago | 144 | $83.07 $80.22 | ▲ +3.43% | ▲ +2.37% | $88.87 (−6.98%) |
Jun 9, 2026 19w ago | 144 | $52.18 $47.48 | ▼ −9.01% | ▼ −10.45% | $88.87 (+70.31%) |
May 12, 2026 23w ago | 8-K | $55.59 $51.87 | ▼ −6.69% | ▼ −4.96% | $88.87 (+59.87%) |
Mar 27, 2026 30w ago | DEFA14A | $61.92 $63.41 | ▲ +2.41% | ▼ −10.33% | $88.87 (+43.52%) |
US Market Status
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