WD-40 Company sees institutional investment and insider stock sale

WD-40 Company (NASDAQ: WDFC) has seen recent activity regarding its stock holdings and insider transactions. One Wealth Advisors LLC established a new position in the specialty chemicals company during the second quarter, purchasing 6,996 shares valued at approximately $1.71 million.

In a separate transaction, insider Patricia Olsem sold 200 shares of WD-40 stock on August 13 at an average price of $234.72, totaling approximately $46,944. Following this sale, Olsem retains 4,574 shares.

The company recently reported quarterly earnings that exceeded analyst expectations, posting $2.33 earnings per share against a consensus estimate of $1.58. Revenue for the quarter reached $195.12 million, representing a 24.3% increase compared to the same period last year.