Intel stock spikes after report of possible US government stake
Fastenal (NASDAQ:FAST) Senior Executive Vice President of Information Technology, John Lewis (JO:LEWJ) Soderberg, sold 34,612 shares of common stock on August 8, 2025, for $48.0302 each, totaling approximately $1.66 million. The sale comes as the stock trades near its 52-week high of $48.38, with InvestingPro analysis indicating the stock is currently overvalued.
According to a Form 4 filing with the Securities and Exchange Commission, on the same day, Soderberg also exercised options to acquire 34,612 shares of Fastenal common stock at an exercise price of $13 per share, for a total value of $449956. The transaction occurs amid strong market performance, with the stock showing a 31% return over the past six months. InvestingPro data reveals 19 additional key insights about Fastenal’s valuation and growth prospects.
Following the transaction, Soderberg directly holds no shares. However, Soderberg indirectly holds 28,638 shares of Fastenal through a 401(k) plan. The company, currently valued at $55.21 billion, maintains strong financial health according to InvestingPro’s comprehensive analysis, available in the Pro Research Report.
In other recent news, Fastenal reported its second-quarter earnings, achieving earnings per share of $0.29, which exceeded the consensus forecast of $0.28. The company’s revenue reached $2.08 billion, slightly surpassing expectations, with strong performance in sales, gross margin, and operating margin. BofA Securities responded by raising its price target for Fastenal to $49.00 from $42.50, maintaining a Buy rating. JPMorgan also increased its price target to $41.00 from $38.00, citing the company’s better-than-anticipated gross margins and projecting higher pricing in the fourth quarter. UBS maintained a Neutral rating on Fastenal with a $41.00 price target, noting the company’s accelerating sales growth of 9.8% year over year. Meanwhile, Baird upgraded Fastenal’s stock rating to Outperform, raising its price target to $55.00 from $47.00 due to expectations of accelerating outgrowth. These developments reflect growing confidence in Fastenal’s strategic changes and its favorable cyclical setup.
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