Fair Isaac Corp (NASDAQ: FICO) disclosed a director-level transaction that moved through an affiliated trust on February 13, 2026. Joanna Rees, acting through the Joanna Rees Revocable Trust, sold 358 shares of Fair Isaac common stock at $1,360.00 per share. The sale produced a gross transaction amount of $486,880.
Also on February 13, 2026, Rees exercised options to acquire 358 shares of Fair Isaac common stock at an exercise price of $391.57 per share. The total cash value associated with that options exercise was $140,182.
Those insider transactions coincided with the company publishing its fiscal first-quarter results for 2026. Fair Isaac reported non-GAAP earnings per share of $7.33, ahead of the analyst consensus of $7.07. The company’s revenue for the quarter came in at $512 million, topping the forecast of $500.72 million and representing a 16% increase from the prior year period.
Despite the quarter’s beats on both the earnings and revenue lines, Fair Isaac’s shares traded lower in extended hours, registering a decline of 2.8% after the results were released. The after-hours move indicates an immediate market reaction to the release, even though the reported figures exceeded expectations.
In tandem with the quarterly report, BofA Securities moved to reinstate coverage on Fair Isaac with a Buy rating and assigned a price target of $1,900. In its published view, BofA pointed to the company’s pricing power and the strength of its core FICO Score product. The research note characterized the FICO Score as an entrenched industry standard across lending channels and identified it as a key profit center for the business.
Taken together, the director-level sale and options exercise, the company’s fiscal Q1 performance, the after-hours share reaction, and the resumption of Buy-side coverage by a major brokerage firm constitute the recent developments in Fair Isaac’s public filings and market activity. The article presents the transactions and financial results as reported and the analyst assessment as stated by BofA Securities.
Clear summary: Joanna Rees, via her revocable trust, sold 358 Fair Isaac shares for $486,880 on February 13, 2026, and exercised options to buy 358 shares for $140,182 the same day. Fair Isaac posted fiscal Q1 non-GAAP EPS of $7.33 on $512 million of revenue, both above consensus, while shares slipped 2.8% in after-hours trading and BofA Securities reinstated coverage with a Buy rating and a $1,900 price target.