Borr Drilling (BORR) Insider Patrick Schorn Buys $664K of Stock
Patrick Schorn acquired 400,000 shares of BORR, valued at $664,000, on June 17.
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Patrick Schorn bought 400,000 shares of Borr Drilling Limited ($BORR) at an average price of $1.66, worth about $664,000, on June 17, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $BORR is up 2.3% after 1 week, down 2.6% after 1 month and up 6.3% to date (from the $4.27 close on Jun 17, 2026).
BORR
Borr Drilling Limited
Key Points
- Patrick Schorn purchased 400,000 shares of BORR at $1.66 each, totaling $664,000 on June 17, 2026.
- Shares of BORR traded near $4.22 on Monday, with institutional investors like BlackRock holding significant positions.
- Analyst Citigroup maintained a hold rating for BORR with a price target of $6.25 as of February 25, 2026.
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Patrick Schorn made a notable move by purchasing 400,000 shares of BORR at $1.66 each, totaling about $664,000, on June 17, 2026. This insider transaction was not part of a pre-planned trading program.
Insider Buying and Selling at Borr Drilling Limited
Patrick Schorn wasn't the only insider active in BORR. On the same day, Bruno Morand de Oliveira, the CEO, also bought shares in two transactions: 183,333 shares and 275,000 shares, both at $1.66 per share. On June 9, Thiago Mordehachvili sold 8,000,000 shares at $4.70, while Tor Olav Trøim bought 1,063,000 shares at the same price.
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 to 6,264,417 shares, a 111.8% increase, worth about $36.15 million. D. E. Shaw & Co., Inc. also made a substantial addition, acquiring 5,692,803 shares, resulting in a 1,037.5% increase to 6,241,502 shares, valued at $36.01 million. Morgan Stanley added 728,996 shares, ending with 3,670,434 shares valued at $21.18 million.
Borr Drilling Limited Stock Down 7.3%
As of Monday, BORR shares traded around $4.22. The company has seen active trading, with significant interest from both institutional investors and insiders. The stock's performance has been under close watch, with a 52-week range that reflects its volatility.
Analysts Set New Price Targets
On February 25, 2026, Citigroup maintained its hold rating on BORR, setting a price target of $6.25. This follows a series of consistent hold ratings from Citigroup, reflecting cautious optimism about the stock's future performance. Meanwhile, BTIG has maintained a buy rating, with a higher target of $10.00 as of February 27, 2024.
Bottom Line
Patrick Schorn's recent purchase of BORR shares highlights ongoing insider interest in the company. Institutional investors like BlackRock and Goldman Sachs are also increasing their stakes, indicating confidence in BORR's potential. Analysts remain steady in their ratings, with Citigroup maintaining a hold position. As always, it's important to remember that these filings reflect past actions and may not indicate current positions.
Related Filing Alerts
Source: Patrick Schorn's Form 4 filing on $BORR (Jun 17, 2026). Find the original filing: BORR Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts