ADT announced a secondary public offering of over 102 million shares, sold by Apollo Global Management's affiliates.
Quiver AI Summary
ADT Inc. announced the pricing of a secondary public offering of 102,000,366 shares of its common stock, all sold by entities affiliated with Apollo Global Management, with the offering set to close on May 5, 2026. The company will not sell any shares or receive proceeds from the offering but has agreed to repurchase 29,142,961 shares at the same price paid by underwriters, under its existing $1.5 billion share repurchase plan. The primary underwriters include Barclays, Citigroup, Morgan Stanley, Goldman Sachs, and BTIG. Investors are advised to refer to the relevant filings with the Securities and Exchange Commission for more information. ADT emphasizes that this announcement does not constitute an offer to sell or solicit offers to buy shares.
Potential Positives
- The company is executing a secondary public offering of over 102 million shares, indicating strong investor interest and market confidence.
- ADT plans to repurchase approximately 29 million shares as part of its $1.5 billion share repurchase plan, which can enhance shareholder value and reduce the total number of shares outstanding.
- The process is being facilitated by reputable underwriters including Barclays, Citigroup, Morgan Stanley, Goldman Sachs, and BTIG, enhancing the credibility of the offering.
Potential Negatives
- ADT is not selling any shares in the secondary public offering, indicating a lack of new capital influx to the company.
- The company will not receive any proceeds from the offering, which may raise concerns about its financial condition.
- The offering involves a significant quantity of shares being sold by major stakeholders (Apollo Global Management), which could suggest a lack of confidence in ADT’s future prospects from these investors.
FAQ
What is the secondary public offering announced by ADT?
ADT announced a secondary public offering of 102,000,366 shares of its common stock, managed by Apollo Global Management.
Who are the selling stockholders in this offering?
The selling stockholders are certain entities managed by affiliates of Apollo Global Management, Inc.
Will ADT receive any proceeds from this offering?
No, ADT is not selling any shares and will not receive any proceeds from the offering.
What is the purpose of the share repurchase by ADT?
The share repurchase is part of ADT’s existing $1.5 billion plan and involves acquiring 29,142,961 shares from underwriters.
How can I access documents related to this secondary offering?
Documents can be accessed for free through the SEC’s EDGAR website or by contacting specific financial institutions listed in the press release.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ADT Insider Trading Activity
$ADT insiders have traded $ADT stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ADT stock by insiders over the last 6 months:
- DAVID A. SCOTT (EVP, Chief People & Admin. Off) purchased 7,300 shares for an estimated $49,056
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
$ADT Revenue
$ADT had revenues of $2.6B in Q1 2026. This is an increase of 101.74% from the same period in the prior year.
You can track ADT financials on Quiver Quantitative's ADT stock page.
$ADT Hedge Fund Activity
We have seen 230 institutional investors add shares of $ADT stock to their portfolio, and 269 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AQR CAPITAL MANAGEMENT LLC added 8,778,704 shares (+24.3%) to their portfolio in Q4 2025, for an estimated $70,844,141
- PACER ADVISORS, INC. removed 6,772,704 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $54,655,721
- ZIMMER PARTNERS, LP added 4,287,435 shares (+53.1%) to their portfolio in Q4 2025, for an estimated $34,599,600
- UBS GROUP AG removed 4,239,459 shares (-66.9%) from their portfolio in Q4 2025, for an estimated $34,212,434
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,811,595 shares (-71.8%) from their portfolio in Q4 2025, for an estimated $30,759,571
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,688,104 shares (-21.1%) from their portfolio in Q4 2025, for an estimated $29,762,999
- LAZARD ASSET MANAGEMENT LLC removed 3,400,635 shares (-71.9%) from their portfolio in Q4 2025, for an estimated $27,443,124
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
$ADT Price Targets
Multiple analysts have issued price targets for $ADT recently. We have seen 2 analysts offer price targets for $ADT in the last 6 months, with a median target of $7.75.
Here are some recent targets:
- Peter Christiansen from Citigroup set a target price of $8.5 on 03/04/2026
- Toni Kaplan from Morgan Stanley set a target price of $7.0 on 03/03/2026
Full Release
BOCA RATON, Fla., May 04, 2026 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) (“ADT” or the “Company”) today announced the pricing of the previously announced secondary public offering of 102,000,366 shares of the Company’s common stock. All of the shares in the offering are being sold by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”) and represent all the remaining shares owned by the Selling Stockholders. The offering is expected to close on May 5, 2026, subject to satisfaction of customary conditions. The Company is not selling any shares and will not receive any proceeds from the offering.
In addition, ADT has agreed to purchase from the underwriters 29,142,961 shares of common stock as part of the secondary public offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the “Share Repurchase”), subject to the completion of the offering. The Share Repurchase will be made pursuant to the Company’s existing $1.5 billion share repurchase plan. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company.
The underwriters may offer the shares of common stock, other than shares subject to the Share Repurchase, from time to time for sale in one or more transactions to purchasers, directly or through agents, or through brokers in brokerage transactions, on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by them and subject to their right to reject any order in whole or in part.
Barclays, Citigroup, Morgan Stanley, Goldman Sachs and BTIG are acting as book-running managers for the proposed offering.
A shelf registration statement (including a prospectus) relating to these securities has been filed with the Securities and Exchange Commission (the “Commission”) and is effective. A preliminary prospectus supplement relating to the offering has also been filed with the Commission. Before investing, interested parties should read the shelf registration statement, preliminary prospectus supplement and other documents filed with the Commission for information about ADT and the offering. You may get these documents for free by visiting EDGAR on the Commission’s website at sec.gov. Alternatively, a copy may be obtained from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at: (888) 603-5847 or by email at [email protected] ; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146; Morgan Stanley & Co. LLC, Attn: Prospectus Department, at 180 Varick Street, 2nd Floor, New York, NY 10014; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, New York 10282, by telephone at: 1-866-471-2526, by facsimile at 212-902-9316 or by emailing [email protected]; and BTIG, LLC, 65 East 55th Street, New York, New York, 10022, by E-mail at [email protected] , or by telephone at (212) 593-7555. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About ADT Inc.
ADT is a leading provider of security, interactive, and smart home solutions serving residential and small business customers in the U.S. Through innovative offerings, unrivaled safety, and a premium customer experience delivered by the largest network of smart home security professionals in the U.S., ADT empowers people to protect and connect to what matters most, every second, every day. For more information, visit www.adt.com .
Forward-Looking Statements
ADT has made statements in this press release that may constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. While ADT has specifically identified certain information as being forward-looking in the context of its presentation, we caution you that all statements contained in this press release that are not clearly historical in nature, including, among other things, the proposed secondary public offering of the common stock; the proposed repurchase of shares of the common stock; any stated or implied outcomes with regards to the foregoing; and other matters. Without limiting the generality of the preceding sentences, any time the Company uses the words “ongoing,” “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and, in each case, their negative or other various or comparable terminology, and similar expressions, the Company intends to clearly express that the information deals with possible future events and is forward-looking in nature. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. For ADT, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include, without limitation, risks related to and the effect of the proposed secondary public offering of the common stock; activity in repurchasing shares of ADT’s common stock; and risks that are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and other filings with the Commission, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. Any forward-looking statement represents our estimates and assumptions only as of the date of this press release and, except as required by law, ADT undertakes no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events, or otherwise after the date of this press release.