Borr Drilling (BORR) Director Troim Tor Olav Buys $3.5M of Stock

Director Troim Tor Olav bought 750,000 shares of Borr Drilling Limited (NYSE: BORR) on October 14, 2026, for about $3.54 million at a price of $4.72 per share. This purchase comes as part of a series of recent acquisitions by Olav, showing his commitment to the company.

Inside Troim Tor Olav's Trade

This latest buy adds to Olav's growing stake, following earlier purchases of 2.5 million shares on October 9 and 1.5 million shares on October 13. His total recent investment amounts to approximately $22.2 million, reflecting a strong belief in the company's potential despite its recent struggles.

Other Institutional Activity in Borr Drilling

Borr Drilling has seen mixed activity from other 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. Shaw D.E. & Co., Inc. increased its stake by 1,007,382 shares, ending with 7,248,907 shares valued at approximately $32.91 million. Meanwhile, Sona Asset Management (US) LLC added 3,025,000 shares, totaling 6,050,000 shares worth about $27.47 million. Goldman Sachs Group Inc. cut its position by 799,355 shares, now holding 5,465,185 shares valued at around $24.81 million. State Street Corporation also reduced its stake by 285,201 shares, bringing its total to 4,352,212 shares worth about $19.76 million.

Borr Drilling Limited Stock Up 1.4%

As of October 16, 2026, Borr Drilling shares are trading around $4.62, which is about 6.1% above the 50-day moving average of $4.35. However, the stock is still 30.6% below its 52-week high of $6.66. The company's market cap stands at approximately $1.4 billion, and it has a forward P/E ratio of 56.12.

Recent Earnings

Borr Drilling reported trailing twelve-month revenue of approximately $1.02 billion, although it has faced challenges with a year-over-year revenue decline of 13.2%. The company is expected to announce its next earnings report on November 18, 2026.

Insider Buying and Selling at Borr Drilling Limited

Troim Tor Olav has been active in purchasing shares recently. On October 9, he bought 2.5 million shares at an average price of $4.74, valued at about $11.84 million. He followed this with a purchase of 1.5 million shares on October 13 at $4.93, totaling approximately $7.4 million. On the same day as his latest buy, Chief Operating Officer Harvey Edward Snowling sold 300,000 shares at $4.91, valued at around $1.47 million, while also purchasing 300,000 shares on the same day.

About Borr Drilling

Borr Drilling Limited operates as an offshore drilling contractor, primarily serving the oil and gas industry across various regions, including the Americas and Europe. The company owns and operates jack-up rigs for shallow-water drilling operations, providing equipment and crews for exploration and production.

Bottom Line

Investors will be watching Borr Drilling as it approaches its next earnings date on November 18, 2026. With Troim Tor Olav's recent significant purchases, there may be more insider activity to follow in the coming weeks.