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Insider Cluster (2 insiders) ·Filed Aug 25, 2026

HTFL

Heartflow, Inc.
NEUTRAL
Impact 4/10
Horizondays Processed2mo ago
Insider cluster: 2 insiders, $1.7M total
Actionable Insight • Neutral

The insider sales are small and likely liquidity-driven following a strong earnings beat. Monitor for any additional insider selling in the next 30 days; a pattern of sustained C-suite selling above $2M would be more concerning. The strong Q2 results and raised guidance remain the dominant narrative.

DirectionNeutral
Confidencemedium
Horizondays
Latest settled — T+20d
HTFL ▼ -0.57% at T+20d
NEUTRAL call -0.57% · α vs SPY -0.80% · entry $48.94 → $48.66
Next anchor: T+60d in 22d
Latest observation: T+41 +8.18% FF3 residual α
Entry = T+0 close
Aug 25, 2026
via day close
T+1d
-1.72%
call -1.72% · α -2.37%
$48.10
settled 2mo ago
T+5d
+2.17%
call +2.17% · α +2.29%
$50.00
settled 8w ago
T+20d
-0.57%
call -0.57% · α -0.80%
$48.66
settled 5w ago
T+60d
Pending
in 22d

Price Chart

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Executive Summary

CEO John Farquhar and CMO Campbell Rogers sold a combined $1.74M in HTFL stock over a 7-day window, following a strong Q2 earnings beat and raised guidance. The CEO's sale at $50 is the largest, but the cluster is small relative to HTFL's $4.4B market cap (~0.04%). While insider sales after positive news are often liquidity-driven, the cluster's proximity to the earnings release and the CEO's timing warrant attention but not alarm.

Key Financial Metrics

Direction
selling
Total Value
$1.7M
Insiders
2

Key Facts

  • CEO John Farquhar sold 27,230 shares for $1.36M on 2026-08-21 at $50/share.
  • CMO Campbell Rogers sold 9,200 shares for $380K on 2026-08-17 at $41.23/share.
  • Total insider sales of $1.74M represent ~0.04% of HTFL's $4.4B market cap.
  • Sales occurred 8-12 days after HTFL reported Q2 2026 revenue of $64.1M (+48% YoY) and raised FY2026 guidance to $246-250M.
  • HTFL has 87% analyst bullish consensus (13 Buy/Strong Buy, 2 Hold).

Financial Impact

Insider sales of $1.74M, or ~0.04% of market cap, are trivial relative to company size.

dilution

Risk Factors

  • CEO selling at $50 near recent highs could signal perceived valuation peak.
  • Cluster of two senior executives selling within a week, though small, may indicate coordinated portfolio rebalancing.

Market Snapshot

Exchange
Nasdaq
Sector
Surgical & Medical Instruments & Apparatus
Analyst Consensus
87% bullish (15 analysts)

Investment Themes

Healthcare & Medical Devices

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-HTFL-1787695295375
25 reports for HTFL
Performance horizon
75% Hit rate @ T+5 6 of 8 directional calls Went positive at some point 7 of 9 best @ T+5▲ +18.23%Aug 13, 2026
Filters
Rows
Reports for HTFL — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
144
NEUTRAL ★ 3/10
$55.43awaiting T+5—$57.01 (+2.84%)
Oct 22, 2026
4d ago
144
BEARISH ★ 5/10
$55.43awaiting T+5—$57.01 (−2.84%)
Oct 19, 2026
7d ago
Press Release
NEUTRAL ★ 1/10
$55.59awaiting T+5—$57.01 (+2.55%)
Sep 21, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$50.17 $49.83▲ +0.68%▼ −0.51%$57.01 (−13.62%)
Sep 18, 2026
5w ago
Insider Cluster
BEARISH ★ 4/10
$50.33 $49.92▲ +0.81%▼ −0.21%$57.01 (−13.26%)
Sep 15, 2026
5w ago
Insider Cluster
NEUTRAL ★ 3/10
$48.30 $47.39▼ −1.88%▼ −4.45%$57.01 (+18.02%)
Sep 14, 2026
6w ago
Insider Cluster
BEARISH ★ 4/10
$48.33 $50.17▼ −3.81%▼ −1.68%$57.01 (−17.95%)
Aug 28, 2026
8w ago
Press Release
BULLISH ★ 7/10
$47.78 $48.91▲ +2.37%▲ +2.26%$57.01 (+19.31%)
Aug 25, 2026
8w ago
Insider Cluster
NEUTRAL ★ 4/10
$48.94 $50.00▲ +2.17%▲ +2.29%$57.01 (+16.48%)
Aug 20, 2026
9w ago
Insider Cluster
NEUTRAL ★ 4/10
$49.75 $47.78▼ −3.96%▼ −4.43%$57.01 (+14.58%)
Showing 10 of 25

US Market Status

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Report published Aug 25, 2026