WMS - Insider Decision: Robert M Klein Offloads $538K Worth Of Advanced Drainage Systems Stock | Benzinga
Revealing a significant insider sell on May 29, Robert M Klein, EVP at Advanced Drainage Systems (NYSE:WMS), as per the latest SEC filing.
What Happened: Klein's decision to sell 3,059 shares of Advanced Drainage Systems was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total value of the sale is $538,231.
The latest market snapshot at Thursday morning reveals Advanced Drainage Systems shares down by 0.0%, trading at $171.76.
Unveiling the Story Behind Advanced Drainage Systems
Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.
Understanding the Numbers: Advanced Drainage Systems's Finances
Positive Revenue Trend: Examining Advanced Drainage Systems's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.87% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When ...