Shoals Technologies (SHLS) CLO JR Sells $64K of Stock
King Bobbie Lee Jr, Chief Legal Officer, sold 6,377 shares of SHLS on June 16, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
King Bobbie Lee JR, Chief Legal Officer at Shoals Technologies Group, Inc. ($SHLS), sold 6,377 shares at an average price of $9.96, worth about $63,514.92, on June 16, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $SHLS is up 3.2% after 1 week, up 5.8% after 1 month and down 28.0% to date (from the $9.96 close on Jun 16, 2026).
SHLS
Shoals Technologies Group, Inc.
Key Points
- King Bobbie Lee Jr, Chief Legal Officer of SHLS, sold 6,377 shares on June 16, 2026, for $63,514.92.
- Shares of SHLS traded at $10.30 with recent analyst ratings maintaining a hold or buy stance.
- Major funds like BlackRock and T. Rowe Price adjusted their SHLS holdings significantly.
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King Bobbie Lee Jr, the Chief Legal Officer of SHLS, sold 6,377 shares of the company on June 16, 2026. The shares were sold at an average price of $9.96, totaling $63,514.92. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Shoals Technologies Group, Inc.
On June 16, 2026, King Bobbie Lee Jr sold a total of 6,377 shares of SHLS at $9.96 each. This wasn't the only transaction he made recently; he also sold 10,000 shares at $10.41 on the same day. Other insiders like President Jeffery Tolnar and CFO Dominic Bardos also sold shares earlier in June.
Other Institutional Activity in SHLS
Several major funds adjusted their positions in SHLS recently. BlackRock, Inc. reduced its holdings by 2,775,251 shares, ending with 19,847,256 shares valued at approximately $130.6 million. In contrast, Price T Rowe Associates Inc added 6,841,406 shares, bringing its total to 19,595,190 shares worth about $128.9 million. Invesco Ltd. also increased its position by 1,899,036 shares, now holding 7,776,688 shares valued at $51.2 million.
Shoals Technologies Group, Inc. Stock Up 35.5%
Shares of SHLS traded near $10.30 recently. The company's stock has seen various analyst ratings, with some maintaining a hold stance and others a buy rating. The stock's performance and market conditions continue to be of interest to investors.
Analysts Set New Price Targets
Analyst activity around SHLS has been consistent, with Wells Fargo maintaining a hold rating and setting a price target of $10.00 on June 11, 2026. UBS and JP Morgan continue to hold a buy rating, with price targets of $12.00 and $10.00, respectively. The consensus among analysts suggests a mixture of hold and buy ratings, reflecting varied expectations for the company's future performance.
Bottom Line
King Bobbie Lee Jr's recent sale of SHLS shares is part of a broader trend of insider transactions and institutional adjustments. Investors closely follow these moves to gauge insider sentiment and institutional confidence. As always, these transactions are backward-looking and may not reflect current positions or future intentions.
Related Filing Alerts
Source: King Bobbie Lee JR's Form 4 filing on $SHLS (Jun 16, 2026). Find the original filing: SHLS Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts