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FWRD Smart Money

Forward Air Corporation
1W: -1.1% 1M: -0.8% 3M: +3.8% YTD: -39.8% 1Y: -23.0% 3Y: -79.9% 5Y: -82.3%
$15.14
+0.06 (+0.40%)
After Hours: $15.25 (+0.11, +0.73%)
Weekly Expected Move ±6.6%
$13 $14 $15 $16 $17
NASDAQ · Industrials · Integrated Freight & Logistics · Tech Score Sell · Power 40 · $511.4M mcap · 27M float · 4.25% daily turnover · Short 60% of daily vol
Credit Risk of going bust: higher than 94% of companies Debt: 80.6% of company value Bonds: $148.2M held by 79 funds, 555 bp over Treasuries → details ▾
Of US companies ranked in the riskiest tenth, about 1 in 20 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $4.36 (down 71%), Forward Air Corporation would be worth roughly what it owes.
Total debt $2.11B against a stock market value of $509.4M.
Distance to default 1.01 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $846.7M (short-term plus half of long-term), stock volatility 91.7%; Altman Z'' -1.33. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

🏦 Institutional Activity

Latest: Q2 2026
240
Institutions Holding
+14 vs prior
81.6%
Ownership
-14.65%
51 New
67 Increased
96 Reduced
50 Closed

👔 Insider Trades

25 records
Date Name Title Type Shares Price Value Filing
2026-06-18 Gorjanc Christine Marie director A-Grant/Award 9,545 $— $0 Filing
2026-06-18 Boyles Dale W director A-Grant/Award 9,545 $— $0 Filing
2026-06-18 Svindland Paul C. director A-Grant/Award 9,545 $— $0 Filing
2026-02-19 Smith Douglas James officer: chief people officer A-Grant/Award 5,850 $— $0 Filing
2026-02-19 Faught James R. officer: chief accounting officer A-Grant/Award 2,340 $— $0 Filing
2026-02-19 Faught James R. officer: chief accounting officer F-Tax Withholding 362 $27.78 $10K Filing
2026-02-19 LORRAIN Jerome Jean-Pierre officer: executive chairman A-Grant/Award 10,799 $— $0 Filing
2026-02-19 HERREN JESSICA L officer: chief supply chain officer A-Grant/Award 4,950 $— $0 Filing
2026-02-19 HERREN JESSICA L officer: chief supply chain officer F-Tax Withholding 436 $27.78 $12K Filing
2026-02-19 Brandt Eric Frederick officer: chief commercial officer A-Grant/Award 8,999 $— $0 Filing
2026-02-19 Smith Douglas James officer: chief people officer F-Tax Withholding 516 $27.78 $14K Filing
2026-02-19 OSBORNE TIMOTHY R officer: executive vp of operations A-Grant/Award 5,850 $— $0 Filing
2026-02-19 OSBORNE TIMOTHY R officer: executive vp of operations F-Tax Withholding 513 $27.78 $14K Filing
2026-02-19 Hance Michael L officer: clo and secretary A-Grant/Award 10,799 $— $0 Filing
2026-02-19 Hance Michael L officer: clo and secretary F-Tax Withholding 946 $27.78 $26K Filing
2026-02-19 Pierson Jamie G. officer: cfo A-Grant/Award 20,698 $— $0 Filing
2026-02-19 Pierson Jamie G. officer: cfo F-Tax Withholding 1,662 $27.78 $46K Filing
2026-02-19 Stewart Shawn officer: chief executive officer A-Grant/Award 43,197 $— $0 Filing
2026-02-19 Stewart Shawn officer: chief executive officer F-Tax Withholding 3,214 $27.78 $89K Filing
2026-02-19 Brandt Eric Frederick officer: chief commercial officer F-Tax Withholding 1,057 $27.78 $29K Filing
2026-02-09 Hance Michael L officer: clo and secretary F-Tax Withholding 225 $30.23 $7K Filing
2026-02-09 OSBORNE TIMOTHY R officer: executive vp of operations F-Tax Withholding 111 $30.23 $3K Filing
2025-12-12 Smith Douglas James officer: chief people officer F-Tax Withholding 243 $25.47 $6K Filing
2025-11-18 HERREN JESSICA L officer: chief supply chain officer F-Tax Withholding 148 $21.05 $3K Filing
2025-11-12 Cetus Capital VI, L.P. 10% owner S-Sale 10,000 $22.38 $224K Filing

🏛️ Congressional Trades

0 records
Date Politician Chamber Type Amount Filing
No congressional trades found

🏦 Top Institutional Holders

20 holders
Holder Shares Value Date Reported Filing
CLEARLAKE CAPITAL GROUP, L.P. 3,825,000 $52M — 2026-06-30 Filing
BlackRock, Inc. 2,774,600 $37M -925,487 2026-06-30 Filing
FMR LLC 2,008,264 $27M +921,615 2026-06-30 Filing
Bracebridge Capital, LLC 1,404,913 $19M +1,404,913 2026-06-30 Filing
VANGUARD CAPITAL MANAGEMENT LLC 1,169,316 $16M +142,619 2026-06-30 Filing
PRIVATE MANAGEMENT GROUP INC 1,145,760 $15M -9,645 2026-06-30 Filing
CIBC WORLD MARKET INC. 1,072,138 $14M +337,866 2026-06-30 Filing
D. E. Shaw & Co., Inc. 1,000,105 $14M +1,000,105 2026-06-30 Filing
HRT FINANCIAL LP 785,954 $11M +378,769 2026-06-30 Filing
BARCLAYS PLC 706,620 $10M +691,102 2026-06-30 Filing
DEUTSCHE BANK AG 613,841 $8M +354,530 2026-06-30 Filing
BNP PARIBAS FINANCIAL MARKETS 596,864 $8M +116,668 2026-06-30 Filing
GEODE CAPITAL MANAGEMENT, LLC 581,416 $8M +29,856 2026-06-30 Filing
STATE STREET CORP 579,828 $8M -473,531 2026-06-30 Filing
Qube Research & Technologies Ltd 565,049 $8M +565,049 2026-06-30 Filing
JANE STREET GROUP, LLC 492,458 $7M -348 2026-06-30 Filing
MORGAN STANLEY 464,489 $6M +46,960 2026-06-30 Filing
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 425,287 $6M -72,402 2026-06-30 Filing
Sixth Street Partners Management Company 425,287 $6M +425,287 2026-06-30 Filing
MILLENNIUM MANAGEMENT LLC 422,193 $6M +319,099 2026-06-30 Filing

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms