Summary: Elliot Dean Hoops, the general counsel and corporate secretary of MP Materials Corp (NYSE: MP), sold 13,914 shares of the company on March 16, 2026 for roughly $834,979. The sales were carried out at prices between $60.00 and $60.10 under a pre-established Rule 10b5-1 trading plan adopted November 20, 2025. Following the disposition, Hoops retains 61,053 shares held directly and an additional 1,000 shares indirectly through a spouse.
Details of the insider sale
The transaction by Hoops was executed in a narrow price band, with the reported sale prices ranging from $60.00 to $60.10 per share. The filing documenting the sale also records the current holdings that remain in Hoops' name and those held indirectly via a spouse.
Context from recent financial results and analyst reactions
MP Materials released its fourth-quarter 2025 results showing earnings per share of $0.09, surpassing analyst expectations of $0.02. Revenue for the period, however, was reported at $52.69 million, short of the forecasted $89.93 million and described as a 41.41% miss relative to the projection.
Following the quarterly disclosure, DA Davidson reiterated a Buy rating on MP Materials, keeping a price target of $82.00 and updating its forward estimates to reflect changes in pricing assumptions and production outlook prompted by the quarter. William Blair also maintained an Outperform rating and highlighted the company's role in U.S. rare earth independence, noting MP Materials' importance in domestic rare earth processing and magnet production.
Research and investor tools
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This report presents the transaction details disclosed in the filing and summarizes the company’s recent quarterly results and analyst responses. It does not attempt to assess motives behind the sale beyond the fact that the trades were executed under an existing Rule 10b5-1 plan.