Legence Corp. chief accounting officer sells $226k in stock

Philippe Le Bris, Chief Accounting Officer at Legence Corp., sold 4,196 shares of Class A common stock on September 15, 2026. The shares were sold at $54.06 apiece, amounting to $226,835. This sale occurred concurrently with the exercise of 4,196 employee stock options, purchased at $28.00 per share, totaling $117,488. The transaction's timing coincided with Legence stock trading at $54.69, a decline from its 52-week high of $107.24, although the company has given an 84% return over the past year.

InvestingPro's analysis suggests the stock is undervalued, with a Fair Value of $68.59. Additionally, 341 shares were sold at $53.03 apiece, generating $18,083 to cover tax withholding obligations following the vesting of Restricted Stock Units. All transactions followed a Rule 10b5-1 trading plan adopted by Mr. Le Bris on June 16, 2026.

The employee stock options are part of a grant that vests in three equal installments, with the first occurring on September 11, 2026, and expiring on September 11, 2035. For further analysis of Legence’s valuation and growth potential, InvestingPro provides over 10 ProTips and Pro Research Reports on more than 1,400 US equities.

Legence Corp also reported notable financial developments in Q2, with revenue surging to $1.262 billion from $599 million the previous year, fueled by strong organic growth and the acquisition of Bowers Group. Despite this revenue increase, Legence missed earnings expectations, reporting an adjusted EPS of -$0.37 versus the expected $0.21.

Tigress Financial Partners raised its price target to $130, citing AI infrastructure potential, while BTIG lowered its target to $100, citing margin concerns. The disparity in analyst opinions reflects differing views on Legence’s future performance.