Select Water Solutions, Inc. (NASDAQ:WTTR) has seen notable insider activity following the recent sale of shares by its top leadership. Michael Skarke, serving as the company's Executive Vice President and Chief Operating Officer, moved to reduce his position through a series of transactions executed on May 11 and May 12, 2026.
Details of the Transactions
The divestment was split into two distinct phases. On May 11, Mr. Skarke disposed of 90,000 shares of Class A Common Stock. These sales were conducted through multiple trades, with prices ranging from $16.715 to $17.610 per share, resulting in a weighted average price of $17.31.
The following day, May 12, the COO sold an additional 20,000 shares of the Class A Common Stock. This second tranche was executed through various trades at prices between $17.52 and $18.10, achieving a weighted average price of $17.78 per share. In total, the 110,000 shares sold represent an aggregate value of $1,913,500.
Following these liquidations, Mr. Skarke maintains a direct ownership stake in Select Water Solutions consisting of 360,738 shares of Class A Common Stock.
Market Context and Valuation
This insider selling arrives while WTTR is performing strongly in the market, currently trading near its 52-week high of $18.50. The stock has experienced a significant upward trajectory, delivering a 113% return over the past twelve months. However, this price action exists alongside analysis indicating that the company appears to be overvalued based on Fair Value assessments, which may provide context for the decision by the executive to sell shares at these levels.
Recent Financial Performance
The stock activity follows a period of robust financial reporting from Select Water Solutions. For the first quarter of 2026, the company delivered results that exceeded market expectations in several key areas:
- Earnings Per Share (EPS): The company reported an EPS of $0.08, outperforming the forecasted $0.07 by a margin of 14.29%.
- Revenue: Reported revenue reached $366 million, which was a 6.28% surprise compared to the anticipated $344.37 million.
Additionally, the company recently conducted its 2026 Annual Meeting of Stockholders. The meeting saw high levels of participation, with approximately 87.24% of outstanding shares represented as stockholders voted on three separate proposals. These metrics collectively highlight a period of active shareholder engagement and strong financial output for the organization.