Insider Selling: HP (NYSE:HPQ) Insider Sells 18,997 Shares of Company Stock

Key Points

• HP insider Anneliese Olson sold 18,997 shares at an average price of $32.56, generating approximately $618,542. The sale covered tax-withholding obligations tied to vested equity awards and left Olson with 169 shares.
• HP shares fell 1.7% to $31.89 during Thursday trading. The stock has traded between $17.56 and $36.22 over the past year and has a market capitalization of approximately $28.76 billion.
• HP’s latest quarterly results exceeded expectations, with EPS of $0.83 and revenue of $15.68 billion, up 12.5% year over year. However, analysts hold a consensus “Reduce” rating with an average price target of $25.42.

HP Inc. (NYSE:HPQ - Get Free Report) insider Anneliese Olson sold 18,997 shares of the firm's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the sale, the insider owned 169 shares of the company's stock, valued at $5,502.64. This trade represents a 99.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

HP Trading Down 1.7%

Shares of HPQ traded down $0.56 during mid-day trading on Thursday, reaching $31.89. The company's stock had a trading volume of 12,952,975 shares, compared to its average volume of 17,526,486. HP Inc. has a 1-year low of $17.56 and a 1-year high of $36.22. The business has a 50-day simple moving average of $31.70 and a two-hundred day simple moving average of $24.45. The stock has a market cap of $28.76 billion, a P/E ratio of 12.17, a PEG ratio of 1.75 and a beta of 1.17.

HP (NYSE:HPQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The firm had revenue of $15.68 billion during the quarter, compared to analysts' expectations of $14.44 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Research analysts anticipate that HP Inc. will post 3.23 EPS for the current year.

Hedge Funds Weigh In On HP

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of HP during the second quarter worth $2,357,757,000. Primecap Management Co. CA acquired a new stake in shares of HP during the 2nd quarter valued at $545,984,000. Legal & General Group Plc acquired a new stake in shares of HP during the 2nd quarter valued at $180,689,000. Man Group plc bought a new stake in HP during the 2nd quarter worth $149,223,000. Finally, Deutsche Bank AG bought a new stake in HP during the 2nd quarter worth $140,172,000. Institutional investors own 77.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group increased their price objective on HP from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, August 27th. Barclays boosted their target price on shares of HP from $19.00 to $23.00 and gave the company an "underweight" rating in a research report on Friday, August 28th. Weiss Ratings raised shares of HP from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 16th. Zacks Research lowered HP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Bank of America reissued an "underperform" rating on shares of HP in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, HP has a consensus rating of "Reduce" and an average target price of $25.42.

About HP

HP Inc NYSE: HPQ is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.

The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.

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