Heartflow CEO John Farquhar sells $2.17 million in shares

CEO and Director John C.M. Farquhar of Heartflow, Inc. (NASDAQ:HTFL) sold $2.17 million worth of shares on November 10, 2026. Heartflow's stock was trading near its 52-week high of $60.56, having surged 91% year-to-date. The sale comprised 38,900 shares, valued at $55.74 per share, with 15,620 shares acquired via stock options and the rest from previously held stock.

The option exercise occurred under a Rule 10b5-1 trading plan Farquhar adopted on September 12, 2025. Despite Heartflow's 91% year-to-date increase, analysts do not expect profitability this year, and the company is currently valued as overvalued. Heartflow reported stronger-than-expected Q2 2026 financials, with adjusted EPS of negative $0.07, surpassing Wall Street's estimate and increasing revenue by 48% to $64.1 million.

Industry analysts responded positively, with Piper Sandler raising its price target to $64 and Canaccord to $56.