Tidewater EVP Daniel Hudson sells $445,050 in common stock

Tidewater Inc.'s Executive Vice President, Chief Legal Officer, and Corporate Secretary, Daniel A. Hudson, sold 5,000 shares of the company's common stock on August 10, 2026. The shares were sold at $89.01 per share, amounting to a total of $445,050. The stock has since increased in value to $94.28, trading close to its 52-week high of $95.31.

Following this transaction, Mr. Hudson now directly beneficially owns 48,229 shares of Tidewater common stock. The sale was executed according to a pre-approved Rule 10b5-1 trading plan, which Mr. Hudson had set up on March 17, 2026. According to InvestingPro analysis, Tidewater appears to be undervalued based on Fair Value calculations and currently trades with a PEG ratio of 0.65.

Investors can explore further insights into TDW’s valuation and additional tips in the Pro Research Report. Additionally, Tidewater reported its second-quarter financial results, where revenue exceeded analyst expectations, reaching $342.3 million compared to the projected $330.42 million. Despite this positive revenue performance, adjusted earnings per share were slightly below forecasts at $0.43, as opposed to the expected $0.45.

The company highlighted an improvement in cash flow during this period. These developments suggest a significant improvement in Tidewater's operational metrics, including higher day rates and stronger utilization. Analysts are closely watching these metrics as they evaluate the company's financial health. The revenue beat indicates robust business conditions, even though earnings per share were lower than anticipated.

Investors will likely analyze these results in the context of broader industry trends and future company performance.