Insider sale details
Kevin P. Knight, the Executive Chairman of Knight-Swift Transportation Holdings Inc (NYSE: KNX), reported a sale of 30,000 shares of Class A common stock on February 20, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were disposed of at a weighted average price of $61.0029, producing proceeds of approximately $1.83 million. Transaction prices recorded in the filing ranged between $60.62 and $61.695.
Post-transaction holdings
Following the sale, Knight is listed as directly owning 14,009 shares and indirectly owning 1,305,347 shares held in trust.
Market context
The sale coincides with Knight-Swift shares trading near a 52-week high of $62.63, a level that represents a roughly 33% increase over the past six months. An InvestingPro analysis cited in the filing notes that, at current quotations, the stock appears overvalued on a price-to-earnings basis, trading at a P/E ratio of 146. The filing indicates additional research is available through a Pro Research Report covering KNX and over 1,400 U.S. equities.
Earnings backdrop and analyst responses
Knight Transportation reported adjusted earnings per share of $0.31 for the fourth quarter of 2025, a result that fell short of multiple analyst expectations and the company’s own guidance. The FactSet consensus stood at $0.35, while the company had guided to a range of $0.34 to $0.40.
Brokerage forecasts noted in the same disclosure include Benchmark’s expectation of $0.34, UBS’s projection of $0.36, and Stifel’s projection of $0.37. Despite the miss, Benchmark reiterated a Buy rating and raised its price target to $65, citing the company’s scale as the largest for-hire truckload carrier as a potential advantage in a market recovery.
Other broker actions were mixed. Stephens reduced its price target to $63 from $65, attributing the cut in part to an earnings shortfall driven by weakness in the non-reportable segment. UBS nudged its price target to $54 from $51 while maintaining a Neutral rating. Stifel adjusted its target to $61 from $63 and continued to carry a Buy rating. Collectively, these moves reflect a varied analyst response to Knight Transportation’s recent financial performance, with the Truckload segment noted as a relative source of strength that partially offset broader shortfalls.
Takeaway
The insider sale, executed while the stock trades near its yearly high, arrives in the wake of an earnings report that missed consensus and internal guidance and has prompted divergent analyst reactions and price-target revisions. The combination of insider activity, valuation commentary from InvestingPro, and the company’s reported quarter offers investors a concentrated set of data points to assess Knight-Swift’s near-term outlook.
Note: The information above is drawn from the company’s regulatory filing and cited analyst notes as presented in public disclosures.