HTFL Heartflow, Inc.
Price Chart
Executive Summary
Heartflow's CMO and CEO sold a combined $918K in open-market sales within a week of the company's strong Q1 earnings beat and raised guidance. The CEO sale at $29.12 and CMO sale at $28.34 follow a 41% YoY revenue surge to $52.6M, but the insider selling pattern—especially the CEO's $657K sale—introduces a cautionary signal against the otherwise bullish earnings backdrop.
Key Financial Metrics
Actionable Insight
The CEO and CMO sales are small relative to market cap but carry disproportionate signaling weight given the timing right after a strong earnings beat. Monitor for additional insider sales in the next 30 days; if the CEO continues selling, it could indicate a top. The raised guidance and revenue acceleration remain the dominant fundamental narrative.
Key Facts
- CEO John Farquhar sold 22.6K shares for $657K on 2026-05-11 at $29.12.
- CMO Rogers Campbell sold 9.2K shares for $261K on 2026-05-18 at $28.34 after exercising options.
- Total insider sales of $918K represent ~0.04% of Heartflow's $2.3B market cap.
- Q1 2026 revenue of $52.6M beat consensus of $49.7M; FY2026 guidance raised to $228M-$232M.
- The cluster occurred 6 days after the earnings release, within the typical post-earnings window.
Financial Impact
Insider sales of $918K, or 0.04% of market cap, are trivial in absolute size but notable for involving both the CEO and CMO immediately after strong earnings.
Risk Factors
- CEO selling $657K post-earnings may signal management sees limited near-term upside despite strong results.
- CMO's sale was part of an option exercise/stock sale, which is routine but still adds to the selling cluster.
- Historical calibration shows cluster insider trades at this company have amplified impact (PMI=2.53), increasing the weight of this signal.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HTFL-1779314177432 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 20, 2026
3d ago
|
Insider Cluster
| — | awaiting T+5 | — | — |
|
May 14, 2026
9d ago
|
8-K
| $32.16 awaiting T+5 | awaiting T+5 | — | $29.49 (−8.30%) |
|
May 14, 2026
9d ago
|
Press Release
| $32.16 awaiting T+5 | awaiting T+5 | — | $29.49 (−8.30%) |
|
Apr 29, 2026
24d ago
|
DEFA14A
| $29.53 $29.96 | ▲ +1.46% | ▼ −1.65% | $29.49 (−0.14%) |
|
Apr 23, 2026
4w ago
|
Press Release
| $30.44 $29.76 | ▼ −2.23% | ▼ −3.14% | $29.49 (−3.12%) |
|
Mar 18, 2026
9w ago
|
Press Release
| $25.89 $25.88 | ▼ −0.04% | ▲ +2.17% | $29.49 (+13.90%) |
|
Mar 18, 2026
9w ago
|
Insider Cluster
| $25.47 $27.75 | ▲ +8.95% | ▲ +9.67% | $29.49 (+15.78%) |
|
Mar 18, 2026
9w ago
|
Insider Cluster
| $25.47 $27.75 | ▼ −8.95% | ▼ −9.67% | $29.49 (−15.78%) |
US Market Status
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