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Insider Cluster (2 insiders) ·Filed Sep 14, 2026

HTFL

Heartflow, Inc.
BEARISH
Impact 4/10
Horizonweeks Processed1mo ago
Insider cluster: 2 insiders, $527K total
Actionable Insight ▼ Bearish

The CEO's larger sale at a below-market price ($46.42) is the most notable element, but the cluster is too small relative to market cap to be a strong bearish signal. Monitor for any upcoming material news (e.g., earnings, FDA updates, or a press release) that could explain the timing. Without a catalyst, this cluster alone does not warrant a position change.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+20d
HTFL ▲ +4.12% at T+20d
SHORT call ✗ call lost -4.12% · α vs SPY -1.40% · entry $48.33 → $50.32
Next anchor: T+60d in 6w
Latest observation: T+28 -4.17% FF3 residual α
Entry = T+0 close
Sep 14, 2026
via day close
T+1d
-0.06%
call +0.06% · α -0.38%
$48.30
settled 6w ago
T+5d
+3.81%
call -3.81% · α -1.68%
$50.17
settled 5w ago
T+20d
+4.12%
call -4.12% · α -1.40%
$50.32
settled 15d ago
T+60d
Pending
in 6w

Price Chart

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Executive Summary

CEO John Farquhar and CFO Vikram Verghese sold a combined ~$527K in HTFL stock over a 4-day window (Sep 8-11). CEO Farquhar's two sales ($1.82M total) dominate the cluster, with one large sale at ~$46.42. While the dollar amount is modest relative to the $4.3B market cap (~0.04%), the cluster involves both the CEO and CFO, and the CEO's larger sale at a lower price ($46.42 vs. $50) may indicate a desire to sell before a potential pullback. The cross-filing context shows no recent earnings, press releases, or other material events, reducing the likelihood of informed selling. Overall, this is a low-conviction bearish signal — notable for the C-suite involvement but not actionable on its own.

Key Financial Metrics

Direction
selling
Total Value
$2.1M
Insiders
2

Key Facts

  • CEO John Farquhar sold 38,900 shares total (~$1.82M) on Sep 10 and Sep 11, including 35,010 shares at $46.42.
  • CFO Vikram Verghese sold 6,640 shares at $50.03 (~$332K) on Sep 8.
  • Total cluster value is ~$2.15M, or ~0.05% of HTFL's $4.3B market cap.
  • No recent material filings (earnings, press releases, agreements) are present in the cross-filing context to explain the selling.

Financial Impact

~$2.15M in insider sales, representing ~0.05% of market cap

insider ownership

Risk Factors

  • Insider sales are often liquidity-driven and not predictive of stock declines, especially at this small scale.
  • CEO's sale at $46.42 could be a one-off tax or diversification event, not a bearish signal.
  • No cross-filing context (earnings, press releases) to corroborate informed selling.

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-1789425854855
25 reports for HTFL
Performance horizon
86% Hit rate @ T+5 6 of 7 directional calls Went positive at some point 6 of 8 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

Market Closed — Opens in 2h 41m

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Report published Sep 14, 2026