Todd M. Hornbeck, President and Chief Executive Officer of Hornbeck Offshore Services, Inc. (NASDAQ: HOS), has acquired shares of the company’s common stock totaling approximately $1,500,009, according to recent filings. The insider purchase occurred as the stock trades at $5.57, down 46% over the past six months, though InvestingPro data suggests the shares may be overvalued relative to its Fair Value assessment.
The transactions took place over two days, November 10 and 11, 2026, and involved the purchase of 280,865.849 shares. On November 10, Mr. Hornbeck purchased 189,569.877 shares at a weighted average price of $5.275 per share. These shares were acquired in multiple transactions with prices ranging from $5.205 to $5.325. The following day, November 11, he acquired an additional 91,295.972 shares at a weighted average price of $5.477 per share, with individual transaction prices ranging from $5.46 to $5.50.
Following these acquisitions, Mr. Hornbeck’s direct beneficial ownership of Hornbeck Offshore Services common stock stands at 5,950,513.961 shares. He also serves as a Director on the company’s board. The company, valued at $1.81 billion, has shown 16.6% revenue growth despite recent stock weakness.
In other recent news, Hornbeck Offshore Services reported its third-quarter 2026 earnings, which fell short of Wall Street expectations. The company posted adjusted earnings of $0.13 per share and revenue of $293.34 million, both of which were below analyst forecasts. This earnings miss was a significant development for investors, as it came despite Hornbeck’s stronger adjusted operating results and an expansion of its offshore services platform. The company’s financial performance was a key focus for analysts and investors alike. Although the stock experienced a decline in regular trading, the after-hours session saw a slight uptick. The recent earnings results and subsequent stock movement highlight the challenges Hornbeck faces in meeting market expectations.
The stock closed at $5.57, up $0.350 (+6.70%), on November 11, and in pre-market trading on November 12 it was at $5.78, up $0.210 (+3.77%).
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