Borr Drilling (BORR) Director Troim Tor Olav Buys $2.3M of Stock

Director Troim Tor Olav bought 500,000 shares of Borr Drilling Limited (NYSE: BORR) on October 15, 2026, for about $2.3 million, at an average price of $4.60 per share. This purchase adds to his significant stake in the company, coming just days after he bought 1.5 million shares valued at $7.4 million on October 13, 2026.

Inside Troim Tor Olav's Trade

Olav's latest transaction is not his first in October. Earlier, he purchased 1.5 million shares at $4.93, showing his ongoing confidence in Borr Drilling. His total stake now includes these recent buys, reflecting a robust investment strategy in the energy sector.

Other Institutional Activity in Borr Drilling

Several other institutional investors have also made moves with Borr Drilling. BlackRock Inc. reduced its holdings by 1,945,954 shares, bringing its total to 14,686,129 shares valued at about $66.7 million. Shaw D.E. & Co., Inc. increased its stake by 1,007,382 shares, ending with 7,248,907 shares worth approximately $32.9 million. Sona Asset Management (US) LLC opened a new position, acquiring 3,025,000 shares, totaling 6,050,000 shares valued at around $27.5 million. Goldman Sachs Group Inc. trimmed its position by 799,355 shares, now holding 5,465,185 shares worth about $24.8 million, while State Street Corporation reduced its stake by 285,201 shares, resulting in 4,352,212 shares valued at roughly $19.8 million.

Borr Drilling Limited Stock Up 1.4%

As of October 16, 2026, Borr Drilling shares recently traded around $4.62, which is above its 52-week low of $2.53 but below its high of $6.66. The stock is currently above its 50-day moving average of $4.35 but below its 200-day average of $4.89. The average price target among analysts is $4.97, suggesting some room for growth.

Recent Earnings

Borr Drilling reported trailing twelve-month revenue of approximately $1.02 billion, but it faced challenges with a net margin of -24.0% and a return on equity of -24.7%. The next earnings report is scheduled for November 18, 2026, which could provide further insights into its financial performance.

Insider Buying and Selling at Borr Drilling Limited

In addition to Olav's recent purchase, Chief Operating Officer Harvey Edward Snowling made two trades on October 14, 2026. He sold 300,000 shares at $4.91, valued at $1.47 million, and then bought 300,000 shares at the same price, also worth $1.47 million. Both transactions were not under a Rule 10b5-1 plan.

Analysts Set New Price Targets

However, the consensus recommendation is a 'buy' based on six analyst opinions, with a mean target price of $4.97.

About Borr Drilling

Borr Drilling Limited operates as an offshore drilling contractor, focusing on shallow-water drilling for the oil and gas industry. The company owns and operates jack-up rigs, providing essential services for exploration and production in various regions, including the Americas and Europe. Olav's recent purchases suggest a strong belief in the company's future prospects amid current market conditions.

Bottom Line

Investors should watch for Borr Drilling's upcoming earnings report on November 18, 2026, as it could shed light on its financial health. Additionally, further insider transactions may indicate ongoing confidence from company leadership.