Key insider transactions
Patricia Leckman, who serves as Senior Vice President and Chief People Officer at Illumina, INC. (NASDAQ:ILMN), reported two disposals of common stock in mid-February 2026. A Form 4 filing shows Leckman sold 2,370 shares on February 18, 2026, at $116.18 per share, for a total transaction value of $275,346. Three days earlier, on February 15, 2026, she sold 1,304 shares at $116.51 each, which was recorded as a $151,929 sale.
Shareholdings and market movement
After those transactions, Leckman retains direct ownership of 16,321 Illumina shares. The price at which she sold in mid-February has since been substantially exceeded: Illumina's stock reached $167.76, a rise of 44% relative to the $116.18 sale price. Over a broader timeframe, InvestingPro data indicates the company has delivered an 80.18% price return over the past six months.
Corporate actions and financial backdrop
While the filings document insider selling, InvestingPro notes that Illumina's management has been an active buyer of shares through repurchase activity. InvestingPro also assigns Illumina a fair financial health score of 2.3.
On the earnings front, Illumina posted a strong fourth quarter for 2025. Reported earnings per share were $1.35, outpacing the $1.22 consensus estimate. Revenue came in at $1.16 billion versus an expected $1.1 billion. Management attributed the performance in part to robust revenue outside China and growth in consumables, driven largely by ongoing adoption of the NovaSeq X platform.
Analyst stances and guidance considerations
Following the results, Stifel reiterated a Buy rating on Illumina with a $155.00 price target. Canaccord Genuity maintained a Hold rating and a $150.00 price target, describing conditions as stabilizing. Stifel commented that Illumina's 2026 guidance was generally consistent with expectations but flagged that some assumptions embedded in the forecast will require additional review.
Even with the beat on quarterly results, the stock exhibited a modest decline in after-hours trading.
Contextual note
The transactions and company performance outlined here are drawn from regulatory filings and InvestingPro data as reported. The available disclosures show insider disposals, continued buyback activity by management, and recent quarterly outperformance against analyst forecasts.