TH Target Hospitality (TH) Insider Trading, Ownership & Congress Trades
Restaurants & Leisure · Hotels, rooming houses, camps & other lodging places · CIK 0001712189
C-suite buying · 2Form 144 · 2
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
123
13F, latest reported quarter
Conversions, 180 days
6
Codes C/M, not in net · no price filed
What the filings say about TH
Insiders, 180 days
-$202.0M net sold
2 buyers · 1 seller · 0% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$202.4M
2 notices
Target Hospitality insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Target Hospitality Corp. insiders sold a net $202.0M of stock across 62 Form 4 purchases and sales, with 2 insiders buying. Source: SEC Form 4 filings, as of 2026-10-27.
Insider
Filed
Shares
Value
Since filing
Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 67.8% of the 16,226,363 shares held after it.
- No other insider sold within 30 days.
- 123 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Insider TDR Capital II Investments LP sold about $202.4M of TH on Oct 1, 2026, the largest insider sale at the company on our record; 123 funds added in the latest 13F quarter.Context
- 12 earlier Form 4 trades (code P or S) here by this insider (1 buy, 11 sales), the last on Sep 18, 2025.
- The trade is 2.7% of the 216,995 shares held after it.
- 1 other insider bought within 30 days.
- 123 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Commercial Officer Schrenk Troy C. bought about $125.0K of TH on Sep 18, 2026; 1 other insider bought within 30 days and 123 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 0.7% of the 1,845,441 shares held after it.
- 1 other insider bought within 30 days.
- 123 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director and CEO and President Archer James Bradley bought about $250.2K of TH on Sep 15, 2026; 1 other insider bought within 30 days and 123 funds added in the latest 13F quarter.Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 sales), the last on Dec 15, 2025.
- The trade is 6.8% of the 131,742 shares held after it.
- No other insider sold within 30 days.
- 123 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, General Counsel & Sec Lewis Heidi Diane sold about $66.1K of TH on Jan 20, 2026; 123 funds added in the latest 13F quarter.Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Nov 17, 2025.
- The trade is 9.6% of the 140,742 shares held after it.
- No other insider sold within 30 days.
- 123 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, General Counsel & Sec Lewis Heidi Diane sold about $114.4K of TH on Dec 15, 2025; 123 funds added in the latest 13F quarter.62 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$202.0M over 180 days
-$202.0M over 90 days · -$202.4M of it by a 10%+ holder
below 95% of Restaurants & Leisure
Congress
no House purchase disclosed in the last 12 months
Funds
123 funds bought in last quarter
more than 50% of Restaurants & Leisure
Revenue
+3.4% year over year
below 58% of Restaurants & Leisure
Margin
-13.5% net margin
below 77% of Restaurants & Leisure
Buybacks
no share repurchases reported
Short interest
4.7% of the float short (float per yahoo 2026-10-26) · 1.7 days to cover · settled 2026-09-30
more than 53% of Restaurants & Leisure
What changed in the last 30 days
Oct 5Insider TDR Capital II Investments LP sold $202.4M (Oct 1)
Oct 110% Stockholder Arrow Holdings S.a.r.l. filed to sell $153.9M by Oct 1 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.
Oct 110% Stockholder MFA Global S.a.r.l. filed to sell $48.5M by Oct 1 (Form 144)
Why it matters
A Form 144 is a notice of intent to sell; the sale may not happen, and it says nothing about the price.
Watch TH
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+93.7%12M
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns TH: institutional holders (13F)
13F holdings, latest reported quarter
3,261,078 sh
$66.4M
3,158,745 sh
$64.3M
2,690,673 sh
$54.8M
2,586,389 sh
$52.7M
2,103,813 sh
$42.8M
Congress trades in TH
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
TH planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Arrow Holdings S.a.r.l.
Filed 2026-10-01
$153.9M
MFA Global S.a.r.l.
Filed 2026-10-01
$48.5M
TH mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Private Capital Management Value Fund
$3.6M position · as of 2026-07-31
5.0%
FULLERTHALER BEHAVIORAL MICRO-CAP EQUITY FUND
$630.1K position · as of 2026-06-30
2.1%
Counterpoint Quantitative Equity ETF
$7.2M position · as of 2026-06-30
2.0%
State Street(R) Galaxy Transformative Tech Accelerators ETF
$145.3K position · as of 2026-07-31
0.9%
Driehaus Micro Cap Growth Fund
$5.4M position · as of 2026-06-30
0.9%
Harbor Small Cap Growth Fund
$22.1M position · as of 2026-07-31
0.8%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Mr. Archer
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2023
$3.5M
-$3.7M
$1.1M
+516%
+87%
2022
$4.9M
$25.7M
$3.0M
+858%
+28%
2021
$3.6M
$5.1M
$1.6M
+125%
+53%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $202.0M sold by insiders over 180 days, 123 funds added last quarter, $202.4M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
TH financials
Revenue growth
+3.4%
XBRL, annual
Net margin
-13.5%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$347.4M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM TH
| FY Dec 2025 | $320.6M |
| FY Dec 2024 | $386.3M |
| FY Dec 2023 | $563.6M |
| FY Dec 2022 | $502.0M |
| FY Dec 2021 | $291.3M |
| Jun 2026 | $85.5M |
| Mar 2026 | $72.8M |
| Dec 2025 | $89.8M |
| Sep 2025 | $99.4M |
| Jun 2025 | $61.6M |
| Mar 2025 | $69.9M |
| Dec 2024 | $83.7M |
| Sep 2024 | $95.2M |
At each fiscal year end
Single quarter
Net margin, TTM
-10.8%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM TH
| FY Dec 2025 | -11.6% |
| FY Dec 2024 | +18.5% |
| FY Dec 2023 | +30.8% |
| FY Dec 2022 | +14.7% |
| FY Dec 2021 | -1.6% |
| Jun 2026 | -10.6% |
| Mar 2026 | -17.8% |
| Dec 2025 | -16.6% |
| Sep 2025 | -0.8% |
| Jun 2025 | -24.2% |
| Mar 2025 | -9.2% |
| Dec 2024 | +15.1% |
| Sep 2024 | +21.0% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$162.0M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM TH
| FY Dec 2025 | $73.3M |
| FY Dec 2024 | $151.0M |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | $104.2M |
| Jun 2026 | $96.2M |
| Mar 2026 | $6.9M |
| Dec 2025 | $5.7M |
| Sep 2025 | $53.3M |
| Jun 2025 | $25.9M |
| Mar 2025 | -$11.6M |
| Dec 2024 | $30.2M |
| Sep 2024 | $31.4M |
At each fiscal year end
Single quarter
Debt to equity
0.60x
long-term 2026-06-30 plus current 2024-12-31 (18 months older than the period end); equity 2026-06-30
Debt to equity TH
| FY Dec 2025 | 0.47x |
| FY Dec 2024 | 0.43x |
| FY Dec 2023 | 1.02x |
| FY Dec 2022 | 1.64x |
| FY Dec 2021 | 3.51x |
| Jun 2026 | 0.60x |
| Mar 2026 | 0.56x |
| Dec 2025 | 0.47x |
| Sep 2025 | 0.45x |
| Jun 2025 | 0.52x |
| Mar 2025 | 0.54x |
| Dec 2024 | 0.43x |
| Sep 2024 | 0.43x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.76x
TTM operating cash flow over long-term 2026-06-30 plus current 2024-12-31 (18 months older than the period end)
Cash flow to debt TH
| FY Dec 2025 | 0.41x |
| FY Dec 2024 | 0.83x |
| FY Dec 2023 | 0.41x |
| FY Dec 2022 | 0.93x |
| FY Dec 2021 | 0.31x |
| Jun 2026 | 0.76x |
| Mar 2026 | 0.36x |
| Dec 2025 | 0.41x |
| Sep 2025 | 0.54x |
| Jun 2025 | 0.37x |
| Mar 2025 | 0.47x |
| Dec 2024 | 0.83x |
| Sep 2024 | 0.88x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-9.8%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity TH
| FY Dec 2025 | -9.2% |
| FY Dec 2024 | +17.9% |
| FY Dec 2023 | +60.1% |
| FY Dec 2022 | +49.6% |
| FY Dec 2021 | -4.7% |
| Jun 2026 | -9.8% |
| Mar 2026 | -11.0% |
| Dec 2025 | -9.2% |
| Sep 2025 | -2.3% |
| Jun 2025 | +2.8% |
| Mar 2025 | +11.3% |
| Dec 2024 | +17.9% |
| Sep 2024 | +25.6% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-6.3%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets TH
| FY Dec 2025 | -5.9% |
| FY Dec 2024 | +10.1% |
| FY Dec 2023 | +23.7% |
| FY Dec 2022 | +11.5% |
| FY Dec 2021 | -0.9% |
| Jun 2026 | -6.3% |
| Mar 2026 | -7.9% |
| Dec 2025 | -5.9% |
| Sep 2025 | -1.5% |
| Jun 2025 | +1.8% |
| Mar 2025 | +7.1% |
| Dec 2024 | +10.1% |
| Sep 2024 | +13.7% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital TH
| FY Dec 2025 | n/a |
| FY Dec 2024 | +19.3% |
| FY Dec 2023 | +34.9% |
| FY Dec 2022 | +32.2% |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | +4.3% |
| Mar 2025 | +10.9% |
| Dec 2024 | +19.3% |
| Sep 2024 | +25.0% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-7.5%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed TH
| FY Dec 2025 | -7.4% |
| FY Dec 2024 | +19.5% |
| FY Dec 2023 | +39.9% |
| FY Dec 2022 | +34.1% |
| FY Dec 2021 | +8.0% |
| Jun 2026 | -7.5% |
| Mar 2026 | -9.8% |
| Dec 2025 | -7.4% |
| Sep 2025 | +0.6% |
| Jun 2025 | +6.6% |
| Mar 2025 | +13.6% |
| Dec 2024 | +19.5% |
| Sep 2024 | +30.4% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing TH
| FY Dec 2025 | n/a |
| FY Dec 2024 | 13.81x |
| FY Dec 2023 | 6.32x |
| FY Dec 2022 | 20.19x |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | 71.20x |
| Mar 2025 | 15.30x |
| Dec 2024 | 13.81x |
| Sep 2024 | 8.94x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$1.6B
market value at close 2026-10-26 on 2026-08-06 shares, plus long-term 2026-06-30 plus current 2024-12-31 (18 months older than the period end), minus cash 2026-06-30
Enterprise value TH
| FY Dec 2025 | $972.9M |
| FY Dec 2024 | $947.4M |
| FY Dec 2023 | $1.3B |
| FY Dec 2022 | $1.6B |
| FY Dec 2021 | $680.6M |
| Jun 2026 | $2.3B |
| Mar 2026 | $1.1B |
| Dec 2025 | $972.9M |
| Sep 2025 | $998.1M |
| Jun 2025 | $894.9M |
| Mar 2025 | $842.6M |
| Dec 2024 | $947.4M |
| Sep 2024 | $784.3M |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+11.6%
TTM free cash flow over market value at close 2026-10-26
FCF yield TH
| FY Dec 2025 | +9.2% |
| FY Dec 2024 | +15.8% |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | +28.7% |
| Jun 2026 | +7.9% |
| Mar 2026 | +9.9% |
| Dec 2025 | +9.2% |
| Sep 2025 | +11.6% |
| Jun 2025 | +10.7% |
| Mar 2025 | +13.6% |
| Dec 2024 | +15.8% |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing TH
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | 0.06x |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $320.6M | $386.3M | $563.6M | $502.0M |
| Gross profit | $42.7M | $178.2M | $313.3M | $247.1M |
| Operating income | -$34.7M | $108.8M | $240.6M | $174.4M |
| Net income | -$37.1M | $71.4M | $173.7M | $73.9M |
| EPS (diluted) | -0.37 | 0.70 | 1.56 | 0.74 |
| Operating cash flow | $74.1M | $151.7M | $156.8M | $305.6M |
| Cash | $8.3M | $190.7M | $103.9M | $181.7M |
| Long-term debt | $1.7M | $1.5M | $178.1M | $329.9M |
| Buybacks | n/a | $33.5M | n/a | n/a |
SEC XBRL, fiscal years, as known on 2026-10-27
TH Stock Sonar score 6/7 axes
Find similar shapesCompareTH ranks highest on financial health (68th percentile) and growth (68th), and lowest on profitability (25th), among Restaurants & Leisure peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
TH filings, in plain words
Are Target Hospitality insiders buying or selling TH?
In the 180 days to 2026-10-27, Target Hospitality insiders were net sellers, a net $202.0M: $375.2K of purchases and $202.4M of sales reported on Form 4, by 2 buyers and 1 seller.
Are there planned insider sales of TH?
Yes. 2 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-27, covering $202.4M of stock; the latest, by Arrow Holdings S.a.r.l., was filed 2026-10-01.
Read the full summary
In the 180 days to 2026-10-27, Target Hospitality insiders were net sellers of TH, a net $202.0M across purchases and sales reported on Form 4 by 2 buyers and 1 seller. Most of that figure, $202.4M, came from a holder of 10% or more rather than an officer or director. Sales outweighed purchases more than tenfold by value. 2 different insiders reported purchases within the last 90 days, a cluster buy, which is rarer than a single purchase. Insiders filed 2 Form 144 notices of intent to sell in the 90 days to 2026-10-27, covering $202.4M of stock. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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