Shoals Technologies (SHLS) CLO JR Sells $66K of Stock
Chief Legal Officer King Bobbie Lee Jr sold shares of SHLS on June 15, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
King Bobbie Lee JR, Chief Legal Officer at Shoals Technologies Group, Inc. ($SHLS), sold 6,377 shares at an average price of $10.30, worth about $65,683.10, on June 15, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $SHLS is up 6.2% after 1 week, up 11.7% after 1 month and down 30.4% to date (from the $10.30 close on Jun 15, 2026).
SHLS
Shoals Technologies Group, Inc.
Key Points
- King Bobbie Lee Jr, Chief Legal Officer, sold 6,377 shares of SHLS valued at $65,683 on June 15, 2026.
- SHLS shares traded at $10.30 with recent institutional activity from BlackRock, Price T Rowe, and others.
- Analysts from Wells Fargo and UBS maintained ratings on SHLS with targets of $10 and $12, respectively.
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King Bobbie Lee Jr, the Chief Legal Officer at SHLS, sold 6,377 shares on June 15, 2026. The shares were sold at an average price of $10.30, totaling approximately $65,683. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Shoals Technologies Group, Inc.
King Bobbie Lee Jr conducted several transactions around mid-June 2026. On June 16, he sold 10,000 shares at $10.41 and 1,000 shares at an unspecified price. Additionally, he sold 6,377 shares at $9.96. Other notable insider sales include President Jeffery Tolnar, who sold 8,630 shares at $12.18, and Chief Financial Officer Dominic Bardos, who sold 30,204 shares at the same price, both on June 1, 2026.
Other Institutional Activity in SHLS
Institutional investors have been active in SHLS. BlackRock, Inc. reduced its holdings by 2,775,251 shares, bringing its total to 19,847,256 shares worth about $130.6 million. Price T Rowe Associates Inc increased its position significantly by 6,841,406 shares, ending with 19,595,190 shares valued at approximately $128.9 million. Invesco Ltd. added 1,899,036 shares, resulting in 7,776,688 shares worth roughly $51.2 million. Vanguard Capital Management LLC reported a new position with 7,361,341 shares valued at $48.4 million, while First Trust Advisors LP grew its stake by 972,382 shares to 7,304,064 shares, valued at $48.1 million.
Analysts Set New Price Targets
On June 11, 2026, Wells Fargo maintained a 'hold' rating on SHLS with a price target of $10. UBS also maintained a 'buy' rating with a $12 target on May 7, 2026. JP Morgan and Citigroup have also weighed in, with JP Morgan maintaining a 'buy' rating and a $10 target on May 6, 2026, while Citigroup held a 'hold' rating with a $9.5 target on the same day.
Bottom Line
The recent insider transactions by King Bobbie Lee Jr and other executives at SHLS provide insight into the company's internal trading activities. Institutional movements show a mix of reductions and increases, reflecting varied strategies among major shareholders. Analysts have maintained their ratings, indicating a steady outlook. Investors keep a close eye on such activities as they can offer clues about the company's future performance, but it's important to remember that this data is historical and may not reflect current positions.
Related Filing Alerts
Source: King Bobbie Lee JR's Form 4 filing on $SHLS (Jun 15, 2026). Find the original filing: SHLS Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts