BORR CEO Bruno Morand de Oliveira Buys Shares Worth $456,500
CEO Bruno Morand de Oliveira purchased 275,000 shares of BORR at $1.66 each.
Key Points
- BORR's CEO, Bruno Morand de Oliveira, bought 275,000 shares on June 17, 2026, for $1.66 each, totaling $456,500.
- Shares of BORR traded at $4.22 on Monday, with BlackRock and Goldman Sachs among institutional investors increasing their stakes.
- Analysts from Citigroup and BTIG have maintained their ratings, with price targets ranging from $3.25 to $12.00.
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On June 17, 2026, BORR's Chief Executive Officer, Bruno Morand de Oliveira, bought 275,000 shares of the company at an average price of $1.66 each. This transaction, valued at $456,500, was not made under a pre-arranged trading plan.
Insider Buying and Selling at Borr Drilling Limited
In addition to Bruno Morand de Oliveira's purchase, several other insiders were active. Patrick Schorn acquired 1,200,000 shares at the same price of $1.66 on June 17, 2026. Meanwhile, Thiago Mordehachvili sold 8,000,000 shares at $4.70 on June 9, 2026, and Tor Olav Troim bought 1,063,000 shares at $4.70 on the same day.
Other Institutional Activity in BORR
BlackRock, Inc. increased its holdings in BORR by 799,006 shares, bringing its total to 16,632,385 shares valued at approximately $95.97 million. Goldman Sachs Group Inc. significantly boosted its stake by 3,307,141 shares, ending with 6,264,417 shares worth about $36.15 million. D. E. Shaw & Co., Inc. dramatically increased its position by 5,692,803 shares, totaling 6,241,502 shares valued at roughly $36.01 million. State Street Corp added 424,280 shares, resulting in a total of 4,637,267 shares worth $26.76 million. Nuveen, LLC also expanded its holdings by 3,237,190 shares, ending with 3,975,871 shares valued at $22.94 million.
Borr Drilling Limited Stock Down 5.2%
On Monday, BORR's shares traded at $4.22. The company has seen various institutional activities, with key players like BlackRock and Goldman Sachs increasing their stakes. The stock's performance is being closely watched by investors, given the recent insider transactions and institutional interest.
$BORR stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Citigroup has consistently maintained a "hold" rating on BORR, with recent price targets ranging from $3.25 to $6.25. On February 25, 2026, Citigroup set the target at $6.25. Meanwhile, BTIG has maintained a "buy" rating, with a price target of $10.00 as of February 27, 2024.
Bottom Line
The recent insider buying by BORR's CEO and other insiders, along with increased institutional interest, highlights the market's focus on the company's potential. While the stock traded at $4.22 on Monday, analysts have set varied price targets, reflecting differing views on its future performance. As always, these insights are based on past filings and do not necessarily indicate current positions.
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