Major Insider Sale: 10% owner of $NBR unloads 305,000 shares

A significant development has come to light regarding a 10% owner of a company known as NBR, who recently conducted a sale of company shares. Reports indicate that PARTNERS INC VARDE, the aforementioned stakeholder, sold 305,000 shares on 09-11-2025, amounting to an estimated $12,507,317. This sale represented roughly 17.7% of their total shares of this particular class of stock. As a result of this transaction, PARTNERS INC VARDE now retains ownership of 1,413,430 shares of the same class of NBR stock.

Examining recent activities within NBR, insider trading has been noted. Over the past 6 months, NBR insiders have engaged in stock trades on two occasions. These trades consisted of 0 acquisitions and 2 sales, with PARTNERS INC VARDE conducting the sales of 312,378 shares, totaling an approximate sum of $12,819,602. For further monitoring of insider transactions, individuals can refer to Quiver Quantitative’s insider trading dashboard.

In parallel, notable hedge fund activity surrounding NBR has unfolded, with 90 institutional investors augmenting their holdings of NBR stock, while 121 decreased their positions in the most recent quarter. Some of the standout moves include CIBC WORLD MARKET INC. adding 442,705 shares to their portfolio, totaling an estimated $12,404,594, and VANGUARD GROUP INC including 357,640 shares at a value of $10,021,072 during Q2 2025. Conversely, VARDE MANAGEMENT, L.P. divested 295,500 shares, representing a reduction of 14.7% from their holdings, worth $8,279,910.

Analysis from Wall Street analysts regarding NBR has been insightful, with 1 firm advocating for buy ratings, while 3 firms have designated sell ratings. Recent assessments include a “Underweight” rating provided by Piper Sandler on 07/15/2025, JP Morgan on 05/28/2025, and Barclays on 05/19/2025, whereas Morgan Stanley issued an “Overweight” rating on 05/16/2025. Individuals interested in tracking analyst ratings and price targets for NBR can refer to Quiver Quantitative’s dedicated forecast page.

Furthermore, multiple analysts have projected price targets for NBR in recent times. Over the last 6 months, 7 analysts have put forth varying price targets for NBR, with a median target of $38.0. Notable predictions include Charles Minervino from Susquehanna setting a target price of $39.0 on 08/27/2025, Keith Mackey from RBC Capital at $47.0 on 08/21/2025, and an analyst from Piper Sandler at $32.0 on 08/14/2025. Similarly, Arun Jayaram from JP Morgan noted a target price of $25.0 on 05/28/2025, Eddie Kim from Barclays at $28.0 on 05/19/2025, Daniel Kutz from Morgan Stanley at $50.0 on 05/16/2025, and Scott Gruber from Citigroup at $38.0 on 05/13/2025.

It is essential to note that the information presented does not constitute financial advice. For further details and disclaimers, individuals are encouraged to refer to Quiver Quantitative’s official statements.