Insider Trading February 13, 2026

IDEXX Executive Sells $7.3M in Stock as Company Posts Mixed Quarter-to-Quarter Results

Transactions by EVP George Fennell coincide with divergent Q4 metrics and a trimmed analyst price target

By Ajmal Hussain IDXX
IDEXX Executive Sells $7.3M in Stock as Company Posts Mixed Quarter-to-Quarter Results
IDXX

IDEXX Laboratories Executive Vice President George Fennell sold 10,615 shares on February 10, 2026, generating roughly $7.3 million. The filings show he also exercised options for a combined 12,821 shares in early February. The company reported fourth-quarter revenue and headline EPS that beat some analyst expectations, while a separate report cited a narrow EPS miss for Q4 2025. BTIG kept a Buy rating but lowered its price target, citing concerns about 2026 guidance.

Key Points

  • George Fennell sold 10,615 shares on February 10, 2026, for roughly $7.3 million, with execution prices between $642.9974 and $650.32 per share.
  • Fennell exercised options to acquire a total of 12,821 shares (1,476 on February 9 and 11,345 on February 10) at $67.85 per share, reported as $869,904 in value.
  • Idexx reported Q4 revenue of $1.091 billion (14% year-over-year growth) and EPS of $3.08, beating some estimates; however, a separate report noted Q4 2025 EPS of $2.92, narrowly missing the $2.93 forecast, and BTIG cut its price target from $830 to $800 while keeping a Buy rating.

Insider activity and transaction specifics

Executive Vice President George Fennell sold 10,615 shares of common stock of Idexx Laboratories (NASDAQ: IDXX) on February 10, 2026, according to a Form 4 filing. The sales were carried out in more than one trade at prices ranging from $642.9974 to $650.32 per share, totaling approximately $7.3 million.

The same filing shows option exercises tied to early-February transactions. Fennell exercised options to acquire 1,476 shares on February 9 and 11,345 shares on February 10 at an exercise price of $67.85 per share. The filing lists the aggregate value of those exercised options as $869,904.


Quarterly results and contrasting reports

Idexx reported fourth-quarter revenue of $1.091 billion, a year-over-year increase of 14%, which exceeded an analyst expectation of $1.072 billion. The company’s reported earnings per share for the quarter were $3.08, above the Street estimate of $2.93.

However, a separate report highlighted a slight miss for the company’s Q4 2025 earnings, with EPS at $2.92, narrowly under a forecast of $2.93, even as revenue came in at $1.09 billion versus an expected $1.07 billion. Those two portrayals present a mixed picture of the quarter depending on which metrics and estimates are emphasized.


Analyst stance and investor scrutiny

BTIG retained a Buy rating on Idexx Laboratories but trimmed its price target from $830.00 to $800.00, specifically citing concerns about the company’s 2026 guidance. Taken together, the insider share sale, option exercises and the mixed earnings signals are noted in the filing and analyst commentary as factors that keep investor attention focused on the company’s near-term outlook.

Contextual note

The filings and analyst action detailed above reflect ongoing market interest and scrutiny of Idexx’s financial performance and guidance. The company’s reported top-line growth and reported EPS beats sit alongside a narrowly reported EPS miss in another account, and an unchanged-but-lowered price target from a covering analyst firm.

Risks

  • Analyst concern about the company’s 2026 guidance, as expressed by BTIG, introduces uncertainty for investors and may affect equity valuations.
  • Divergent accounts of Q4 results - one showing revenue and EPS beats and another reporting a slight EPS miss - create ambiguity about the company’s near-term performance trajectory.
  • Insider sales and option exercises can draw investor scrutiny and may influence market perceptions of executive confidence in the short term.

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