Borr Drilling (BORR) COO Snowling Buys $1.5M of Stock

Chief Operating Officer Harvey Edward Snowling bought 300,000 shares of Borr Drilling Limited (NYSE: BORR) on October 14, 2026, for about $1.47 million. The shares were purchased at a price of $4.91 each.

Inside Harvey Edward Snowling's Trade

Snowling's purchase adds to the recent insider activity at Borr Drilling. His acquisition of 300,000 shares comes on the same day that Director Troim Tor Olav also bought 750,000 shares at an average price of $4.72.

Other Institutional Activity in Borr Drilling

Borr Drilling has seen mixed activity among its institutional investors. Blackrock Inc. reduced its holdings by 1,945,954 shares, bringing its total to 14,686,129 shares worth about $66.68 million. In contrast, Shaw D.E. & Co., Inc. increased its stake by 1,007,382 shares, now holding 7,248,907 shares valued at approximately $32.91 million. Sona Asset Management (US) LLC also boosted its position by 3,025,000 shares, totaling 6,050,000 shares worth about $27.47 million.

Borr Drilling Limited Stock Up 1.4%

As of October 16, 2026, Borr Drilling shares traded around $4.62. This price point is below the average purchase price for Snowling's recent acquisition. The company has faced challenges, including a trailing twelve-month revenue of $1.02 billion and a negative net margin of 24.0%.

Recent Earnings

Borr Drilling reported trailing twelve-month revenue of $1.02 billion, but it has struggled with a net margin of -24.0%. The company is set to report its next earnings on November 18, 2026.

Insider Buying and Selling at Borr Drilling Limited

In addition to Snowling's purchase, Director Troim Tor Olav has been active in acquiring shares. On October 9, he bought 2.5 million shares for about $11.84 million, followed by another purchase of 1.5 million shares on October 13, valued at around $7.4 million. On the same day as Snowling's trade, he purchased 750,000 shares at $4.72 each.

About Borr Drilling

Borr Drilling Limited operates as an offshore drilling contractor, focusing on the oil and gas industry. It provides jack-up rigs for shallow-water drilling operations across various regions, including the Americas and Europe. The recent purchasing activity by insiders indicates a potential confidence in the company's future despite ongoing challenges.

Bottom Line

Investors should watch for Borr Drilling's upcoming earnings report on November 18, 2026, to gauge its performance amid a tough market. The recent insider buying could suggest a belief in a turnaround, but the company's financial health will be key to its future prospects.