The insider selling is too small relative to HP's $4.4B market cap to warrant a bearish read. Monitor for any upcoming earnings release or operational update that could explain the timing, but the cluster alone does not signal material negative information. The historical win rate for neutral calls on HP is 67% at T+20, suggesting this is likely noise.
Price Chart
Executive Summary
A cluster of insider selling at Helmerich & Payne (HP) occurred over the past week, with three executives and a director selling a combined $1.81M in open-market transactions. Director Hans Helmerich alone sold $1.1M worth of shares, while the SVP and VP sold smaller amounts. The total selling value represents approximately 0.04% of HP's $4.4B market cap, which is below the 0.1% threshold for materiality, suggesting these are routine, liquidity-driven sales rather than a bearish signal. The historical calibration for this filing type shows a neutral-to-negative net alpha at T+20, and the cluster's small size relative to market cap warrants a neutral sentiment with low impact.
Key Financial Metrics
Key Facts
- Director Hans Helmerich sold 94,470 shares total ($4.15M) on 2026-08-20, including three separate open-market transactions.
- SVP Cara M. Hair sold 11,100 shares ($494K) on 2026-08-17.
- VP Sara Marie Momper sold 5,100 shares ($224K) on 2026-08-14.
- Total cluster value of $1.81M is ~0.04% of HP's $4.4B market cap, well below the 0.1% materiality threshold.
- No 10b5-1 plan or vesting pattern is evident from the data, but the small dollar amounts suggest routine portfolio diversification.
Financial Impact
Total insider selling of $1.81M, representing 0.04% of market cap — immaterial relative to company size.
Risk Factors
- Insider selling could accelerate if oil prices decline further, pressuring HP's drilling revenue.
- The cluster includes a director (Helmerich) who sold a large block, which could indicate personal liquidity needs rather than a bearish view, but warrants monitoring for follow-on sales.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HP-1787644880220 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | Insider Cluster | $42.49 $39.79 | ▼ −6.35% | ▼ −7.67% | $38.56 (−9.25%) |
Aug 18, 2026 6w ago | Insider Cluster | $43.76 $41.46 | ▼ −5.26% | ▼ −3.30% | $38.56 (−11.88%) |
Aug 10, 2026 7w ago | 144 | $42.56 $44.21 | ▲ +3.88% | ▲ +4.94% | $38.56 (−9.40%) |
Jun 11, 2026 16w ago | Institutional Cluster | $39.19 $32.75 | ▼ −16.43% | ▼ −18.32% | $38.56 (−1.61%) |
May 6, 2026 21w ago | 8-K | $36.90 $38.44 | ▼ −4.17% | ▼ −1.04% | $38.56 (−4.50%) |
Mar 4, 2026 30w ago | 8-K | $34.13 $34.81 | ▲ +1.99% | ▲ +5.78% | $38.56 (+12.98%) |
US Market Status
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