Two 59%+ winners, four above 25% in Aug – How this AI model keeps picking winners
Fastenal (NASDAQ:FAST) CEO Daniel L. Flornes sold 84,612 shares of Fastenal Co common stock on August 12, 2025, at a price of $48.4408, for a total of $4,098,672. The sale comes as the stock trades near its 52-week high of $49.26, having delivered an impressive 51.67% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, Flornes also exercised options to acquire 84,612 shares of Fastenal common stock at an exercise price of $13, for a total value of $1,099,956.
Following the sale, Flornes directly owns 565,036 shares of the company’s common stock. In addition, Flornes indirectly owns 20,000 shares held by spouse and 23,056 shares held in 401(K) Plan.
In other recent news, Fastenal reported its second-quarter earnings, revealing a strong performance with earnings per share of $0.29, which surpassed the consensus forecast of $0.28. The company achieved revenue of $2.08 billion, slightly exceeding expectations and reflecting positive operational updates. Following these results, BofA Securities raised its price target for Fastenal to $49.00 from $42.50, maintaining a Buy rating, while noting the company’s outperformance in sales, gross margin, and operating margin. JPMorgan also increased its price target to $41.00 from $38.00, highlighting better-than-anticipated gross margins and projecting higher pricing in the fourth quarter. Additionally, Baird upgraded Fastenal to Outperform from Neutral, raising its price target to $55.00, citing expectations of accelerating growth and a favorable cyclical setup. UBS maintained its Neutral rating with a $41.00 price target, acknowledging Fastenal’s accelerating sales growth, which reached 9.8% year over year. These developments indicate growing confidence in Fastenal’s strategic changes and performance.
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