NE CLUSTER SEC Filing Analysis

Latest settled — T+20d

NE ▼ -1.88% at T+20d

NEUTRAL call ✗ call lost -1.88% · α vs SPY -7.35% · entry $50.98 → $50.02

Next anchor: T+60d in 6w

Last close $46.98 (close Jun 8) · -7.85% from $50.98 entry

Entry anchored
Apr 27, 03:59 PM ET
via Databento tick

T+1d

-1.33%

call -1.33% · α -1.32%

$50.30

settled 6w ago

T+5d

-0.10%

call -0.10% · α -1.79%

$50.93

settled 5w ago

T+20d

-1.88%

call -1.88% · α -7.35%

$50.02

settled 15d ago

T+60d

—

call — · α —

—

in 6w

Price Chart

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Executive Summary

Two Noble Corp insiders sold a combined $936K in stock within days of the company's strong Q1 2026 earnings report. The sales are small relative to the $8B market cap (0.012%) and follow a quarter where EPS grew to $0.75 and adjusted EBITDA rose to $277M, suggesting routine portfolio diversification rather than a bearish signal.

Key Financial Metrics

Direction

selling

Total Value

$936.0K

Insiders

2

Actionable Insight

The insider sales are routine in size and timing relative to strong earnings. No bearish read-through. Monitor for any acceleration in insider selling volume or C-suite departures, but this cluster alone does not warrant action.

Key Facts

Two SVP-level insiders sold shares totaling $936K in open-market transactions from April 28-30, 2026
Sales represent 0.012% of Noble Corp's $8.0B market cap — trivial in size
Q1 2026 earnings (reported April 27) showed EPS of $0.75, up from $0.54 in Q4 2025, and adjusted EBITDA of $277M, up from $232M
Company maintained full-year 2026 revenue and EBITDA guidance, raised capex guidance by $25M for rig reactivation
No insider buying in the cluster — all transactions were sales

Financial Impact

Total insider sales of $936K, representing 0.012% of market cap — immaterial

Risk Factors

Insider sales could increase if management sees headwinds in offshore drilling demand
Capex increase for rig reactivation may pressure near-term cash flows

Market Snapshot

Exchange

NYSE

Sector

Drilling Oil & Gas Wells

Analyst Consensus

43% bullish (21 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-NE-1777596227406

4 reports for NE

T+1T+5T+20T+60

Filters

Reports for NE — sortable, filterable
	Type				Now
May 5, 2026 5w ago	Insider Cluster NEUTRAL ★ 4/10	$49.95 $47.13	▼ −5.65%	▼ −10.60%	$46.98 (−5.95%)
Apr 30, 2026 5w ago	Insider Cluster NEUTRAL ★ 2/10	$51.03 $47.20	▼ −7.51%	▼ −12.47%	$46.98 (−7.94%)
Apr 28, 2026 6w ago	Insider Cluster NEUTRAL ★ 3/10	$50.98 $50.02	▼ −1.88%	▼ −7.35%	$46.98 (−7.85%)
Mar 16, 2026 12w ago	DEFA14A NEUTRAL ★ 3/10	$46.21 $47.67	▲ +3.16%	▼ −0.62%	$46.98 (+1.67%)

US Market Status

Market Closed — Opens in 6h 56m

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