Borr Drilling (BORR) Director Troim Tor Olav Buys $12M of Stock

Director Troim Tor Olav of Borr Drilling Limited (NYSE: BORR) bought 2.5 million shares on October 9, 2026, at an average price of $4.74, totaling approximately $11.84 million. This purchase reflects Olav's commitment to the company amid recent market fluctuations.

Inside Troim Olav's Trade

Troim Tor Olav's recent purchase adds significantly to his holdings, now totaling 1.5 million shares bought on October 13, which were valued at about $7.4 million. This shows a strong belief in the company's future despite its recent challenges.

Other Institutional Activity in Borr Drilling

Blackrock Inc. reduced its stake by 1,945,954 shares, leaving it with 14,686,129 shares valued at about $66.68 million. Shaw D.E. & Co., Inc. increased its holdings by 1,007,382 shares, totaling 7,248,907 shares worth approximately $32.91 million. Sona Asset Management (US) LLC grew its position by 3,025,000 shares, now holding 6,050,000 shares valued at around $27.47 million. Goldman Sachs Group Inc. cut its stake by 799,355 shares, with a remaining 5,465,185 shares worth about $24.81 million. State Street Corporation also decreased its holdings by 285,201 shares, ending with 4,352,212 shares valued at approximately $19.76 million.

Borr Drilling Limited Stock Up 1.4%

Borr Drilling shares are currently trading around $4.62 as of October 16, 2026. This price is below the level at which Olav made his recent purchase, suggesting that the stock has seen a decline since his investment. The company has faced difficulties, as indicated by a revenue drop of 13.2% year-over-year.

Recent Earnings

Borr Drilling reported trailing twelve-month revenue of $1.02 billion, but it has been struggling financially, 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 will be crucial for assessing the company's recovery.

Insider Buying and Selling at Borr Drilling Limited

In addition to Troim Tor Olav's recent purchase, CEO Bruno Morand de Oliveira bought 275,000 shares on June 17, 2026, at $1.66 each, totaling about $456,500. On October 14, COO Harvey Edward Snowling sold 300,000 shares at $4.91, valued at $1.47 million, before buying 300,000 shares the same day under similar conditions.

Analysts Set New Price Targets

Investors will be looking closely at the upcoming earnings report for insights into the company's financial health.

About Borr Drilling

Borr Drilling Limited is an offshore drilling contractor based in Bermuda, specializing in shallow-water drilling for the oil and gas industry across various global regions. The company operates jack-up rigs and provides necessary equipment and crews to conduct drilling operations. This insider activity highlights the confidence of Borr Drilling's leadership in navigating current market challenges.

Bottom Line

Investors should keep an eye on Borr Drilling's next earnings report on November 18, 2026, for further insights into its financial health. The recent insider trades, particularly by Troim Tor Olav, suggest a strong commitment to the company's future despite its ongoing struggles.