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Lehner Keefer McGovern, an Executive Vice President and Chief Financial Officer at KLX Energy Services Holdings, Inc. (NASDAQ:KLXE), has recently sold a portion of the company’s common stock. According to a filing with the Securities and Exchange Commission, McGovern sold 1,000 shares on February 24, 2025, at a weighted average price of $4.39 per share, totaling $4,390. The sale comes as KLX Energy, with a market capitalization of $69 million, has seen its stock decline by over 42% in the past six months, currently trading near its 52-week low of $4.11. InvestingPro analysis indicates the stock is trading close to its Fair Value.
The transaction was conducted as part of a Rule 10b5-1 trading plan, which McGovern adopted in September 2024 for tax and estate planning purposes. Following this sale, McGovern holds 122,701 shares of KLX Energy. The shares were sold in multiple transactions, with prices ranging from $4.36 to $4.43. With the company’s next earnings report due on March 6, InvestingPro subscribers have access to 10+ additional exclusive insights and a comprehensive Pro Research Report, providing deeper analysis of KLXE’s financial health and market position.
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