FTRE

Fortrea Holdings Inc.

Nasdaq · Services-Medical Laboratories · CIK 0001965040

$16.08 -6.78% $1.5B

Insider Selling Cluster (3 insiders)High Impact Filing (7/10)3 Institutional Exits

Vol

Market Cap$1.5B

Cap SizeSmall Cap

Analyst ConsensusBuy (59%)

Inst. Holders9 funds

Inst. Value$399.6M

Inst. Activity1 buys / 3 sells

Insider Activity0B / 10S

Insider Net $-$276.7K

SEC Reports6

Press Releases2

Exchange Nasdaq·Sector Services-Medical Laboratories·CIK 0001965040·Prev Close $17.25

Recent Activity

Jun 2, 2026 Press

Fortrea announced that CEO Anshul Thakral, CFO Jill McConnell, and SVP of Investor Relations Tracy Krumme will participa

Impact 2/10

Jun 2, 2026 contract

Fortrea to Attend Jefferies Global Healthcare Conference

DURHAM, N.C., June 02, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire

Jun 2, 2026 Insider

Mcconnell Jill G. sold 4,866 shares

Chief Financial Officer @ $15.49 ($75.4K)

Jun 2, 2026 Insider

Morais Mark A. sold 4,866 shares

Chief Operating Officer @ $15.49 ($75.4K)

Jun 1, 2026 Insider

Mcconnell Jill G. sold 11,006 shares

Chief Financial Officer @ $0.00 ($0.00)

May 5, 2026 SEC

Fortrea reported Q1 2026 revenue of $636.5M (down 2.3% YoY from $651.3M) and an adjusted diluted EPS of $0.16, significa

8-K — Impact 5/10

May 5, 2026 SEC

Fortrea reported Q1 2026 adjusted EPS of $0.16, significantly above the $0.05 consensus, though GAAP EPS was -$0.25 due

PRESS-RELEASE — Impact 6/10

Apr 27, 2026 SEC

Fortrea Holdings Inc. filed a definitive proxy statement (DEFA14A) for its 2026 Annual Meeting, which includes the elect

DEFA14A — Impact 2/10

Price Targets

$16.21 +0.8% upside Hold

Current $16.08 Low $9.50 Median $16.00 High $20.00 11 analysts

$9.50 $20.00

Analyst Ratings

Hold59% buy · 17 analysts

4Strong Buy

6Buy

6Hold

1Sell

0Strong Sell

Recent Analyst Actions

Date	Firm	Action	Rating
May 12, 2026	Mizuho	MAINTAIN	Neutral → Neutral
May 6, 2026	Citigroup	MAINTAIN	Buy → Buy
May 6, 2026	Barclays	MAINTAIN	Equal-Weight → Equal-Weight
Apr 14, 2026	Barclays	MAINTAIN	Equal-Weight → Equal-Weight
Apr 8, 2026	Evercore ISI Group	MAINTAIN	Outperform → Outperform

Earnings Estimates

Period	EPS Est.	Range	Growth	#
Current Q	$0.18	$0.14 — $0.21	-7% YoY	10
Next Q	$0.21 ▼ -3.8%	$0.15 — $0.25	72% YoY	10
Current FY	$0.81 ▲ +14.0%	$0.72 — $0.95	88% YoY	11
Next FY	$1.08 ▲ +14.6%	$0.77 — $1.73	34% YoY	12

Latest Reports

NEUTRAL Press 2/10

Fortrea announced that CEO Anshul Thakral, CFO Jill McConnell, and SVP of Investor Relations Tracy Krumme will participa

Jun 2, 2026

MIXED 8-K 5/10

Fortrea reported Q1 2026 revenue of $636.5M (down 2.3% YoY from $651.3M) and an adjusted diluted EPS of $0.16, significa

May 5, 2026

MIXED PRESS-RELEASE 6/10

Fortrea reported Q1 2026 adjusted EPS of $0.16, significantly above the $0.05 consensus, though GAAP EPS was -$0.25 due

May 5, 2026

Top Institutional Holders

Fund	Value	Move
VANGUARD GROUP INC	$143.7M	—
Corvex Management LP	$77.8M	ADD
CHARLES SCHWAB INVESTMENT MANAGEMENT	$55.5M	ADD
FMR LLC	$45.5M	TRIM
MORGAN STANLEY	$42.6M	TRIM

Recent Insider Trades

Date	Insider	Type	Value
Jun 2, 2026	Mcconnell Jill	SELL	$75.4K
Jun 2, 2026	Morais Mark	SELL	$75.4K
Jun 1, 2026	Mcconnell Jill	M	$0.00
Jun 1, 2026	Mcconnell Jill	M	$0.00
Jun 1, 2026	Morais Mark	M	$0.00

9 institutional holders with $399.6M total value (23,166,961 shares) as of 2025-Q4. Top holders: VANGUARD, Corvex, CHARLES. Net selling activity: 3 institutions trimmed/exited vs 1 added.

Top Institutional Holders — 2025-Q4

#	Fund	Shares	Value	% of Tracked	Last Move
1	VANGUARD GROUP INC	8,331,016	$143.7M	36.0%	—
2	Corvex Management LP	4,508,531	$77.8M	19.5%	ADD +28.6%
3	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	3,219,029	$55.5M	13.9%	ADD +48.2%
4	FMR LLC	2,640,156	$45.5M	11.4%	TRIM -41.5%
5	MORGAN STANLEY	2,467,625	$42.6M	10.7%	TRIM -50.9%
6	RENAISSANCE TECHNOLOGIES LLC	789,709	$13.6M	3.4%	TRIM -39.0%
7	BANK OF AMERICA CORP /DE/	750,444	$12.9M	3.2%	TRIM -50.8%
8	TWO SIGMA INVESTMENTS, LP	340,454	$5.9M	1.5%	TRIM -69.6%
9	WELLS FARGO & COMPANY/MN	119,997	$2.1M	0.5%	ADD +35.7%

Recent Position Changes

Fund	Action	Prev Shares	Curr Shares	Change %	Value	Quarter
RENAISSANCE TECHNOLOGIES LLC	TRIM	1,295,000	789,709	-39.0%	$13.6M	2025-Q4
BANK OF AMERICA CORP /DE/	TRIM	1,525,023	750,444	-50.8%	$12.9M	2025-Q4
TWO SIGMA INVESTMENTS, LP	TRIM	1,120,255	340,454	-69.6%	$5.9M	2025-Q4
WELLS FARGO & COMPANY/MN	ADD	88,459	119,997	+35.7%	$2.1M	2025-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	ADD	1,789,664	2,653,138	+48.2%	$22.3M	2025-Q3
BANK OF AMERICA CORP /DE/	ADD	856,332	1,525,023	+78.1%	$12.8M	2025-Q3
RENAISSANCE TECHNOLOGIES LLC	DOUBLED	592,600	1,295,000	+118.5%	$10.9M	2025-Q3
UBS Group AG	TRIM	1,438,560	820,543	-43.0%	$6.9M	2025-Q3
FMR LLC	TRIM	5,252,640	3,071,083	-41.5%	$15.2M	2025-Q2
MORGAN STANLEY	TRIM	5,414,956	2,658,365	-50.9%	$13.1M	2025-Q2
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	ADD	952,021	1,789,664	+88.0%	$8.8M	2025-Q2
UBS Group AG	DOUBLED	401,737	1,438,560	+258.1%	$7.1M	2025-Q2
TWO SIGMA INVESTMENTS, LP	DOUBLED	399,409	1,067,892	+167.4%	$5.3M	2025-Q2
BANK OF AMERICA CORP /DE/	DOUBLED	372,346	856,332	+130.0%	$4.2M	2025-Q2
RENAISSANCE TECHNOLOGIES LLC	ADD	385,500	592,600	+53.7%	$2.9M	2025-Q2
WELLS FARGO & COMPANY/MN	DOUBLED	31,087	74,783	+140.6%	$369.4K	2025-Q2
MORGAN STANLEY	DOUBLED	1,044,459	5,414,956	+418.4%	$40.9M	2025-Q1
FMR LLC	TRIM	8,086,806	5,252,640	-35.0%	$39.7M	2025-Q1
Corvex Management LP	ADD	3,480,898	4,474,898	+28.6%	$33.8M	2025-Q1
CITADEL ADVISORS LLC	DOUBLED	264,814	1,097,573	+314.5%	$8.3M	2025-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	ADD	612,897	952,021	+55.3%	$7.2M	2025-Q1
TWO SIGMA INVESTMENTS, LP	NEW	—	399,409	—	$3.0M	2025-Q1
NORGES BANK	EXIT	17,685	0	-100.0%	$0.00	2025-Q1
Corvex Management LP	ADD	2,220,742	3,480,898	+56.7%	$64.9M	2024-Q4
UBS Group AG	DOUBLED	98,932	395,746	+300.0%	$7.4M	2024-Q4

5 unique insiders with 10 transactions. Net insider value: -$276.7K ($0.00 bought, $276.7K sold).

Insider Transactions

Date	Insider	Title	Type	Shares	Price	Value
Jun 2, 2026	Mcconnell Jill G.	Chief Financial Officer	SELL	4,866	$15.49	$75.4K
Jun 2, 2026	Morais Mark A.	Chief Operating Officer	SELL	4,866	$15.49	$75.4K
Jun 1, 2026	Mcconnell Jill G.	Chief Financial Officer	M	11,006	$0.00	$0.00
Jun 1, 2026	Mcconnell Jill G.	Chief Financial Officer	M	11,006	$0.00	$0.00
Jun 1, 2026	Morais Mark A.	Chief Operating Officer	M	11,006	$0.00	$0.00
Jun 1, 2026	Morais Mark A.	Chief Operating Officer	M	11,006	$0.00	$0.00
May 18, 2026	Parks Robert	Chief Accounting Officer	SELL	2,000	$13.44	$26.9K
May 14, 2026	NEUPERT PETER M	Director	M	148,536	$0.00	$0.00
May 14, 2026	NEUPERT PETER M	Director	M	148,536	$0.00	$0.00
Mar 20, 2026	Russell Erin L	Director	M	23,946	$0.00	$0.00
Mar 20, 2026	Russell Erin L	Director	M	23,946	$0.00	$0.00
Mar 16, 2026	Morais Mark A.	Chief Operating Officer	SELL	1,804	$9.22	$16.6K
Mar 16, 2026	Mcconnell Jill G.	Chief Financial Officer	SELL	1,804	$9.22	$16.6K
Mar 13, 2026	Morais Mark A.	Chief Operating Officer	M	4,284	$0.00	$0.00
Mar 13, 2026	Morais Mark A.	Chief Operating Officer	M	4,284	$0.00	$0.00
Mar 13, 2026	Mcconnell Jill G.	Chief Financial Officer	M	4,284	$0.00	$0.00
Mar 13, 2026	Mcconnell Jill G.	Chief Financial Officer	M	4,284	$0.00	$0.00
Mar 10, 2026	Mcconnell Jill G.	Chief Financial Officer	SELL	2,530	$8.93	$22.6K
Mar 10, 2026	Morais Mark A.	Chief Operating Officer	SELL	2,299	$8.93	$20.5K
Mar 10, 2026	Parks Robert	Chief Accounting Officer	SELL	963	$8.93	$8.6K
Mar 9, 2026	Mcconnell Jill G.	Chief Financial Officer	M	15,283	$0.00	$0.00
Mar 9, 2026	Mcconnell Jill G.	Chief Financial Officer	M	15,283	$0.00	$0.00
Mar 9, 2026	Morais Mark A.	Chief Operating Officer	M	13,966	$0.00	$0.00
Mar 9, 2026	Morais Mark A.	Chief Operating Officer	M	13,966	$0.00	$0.00
Mar 9, 2026	Parks Robert	Chief Accounting Officer	M	5,270	$0.00	$0.00
Mar 9, 2026	Parks Robert	Chief Accounting Officer	M	5,270	$0.00	$0.00
Mar 6, 2026	Parks Robert	Chief Accounting Officer	A	22,893	$0.00	$0.00
Mar 6, 2026	Morais Mark A.	Chief Operating Officer	A	52,030	$0.00	$0.00
Mar 6, 2026	Morais Mark A.	Chief Operating Officer	A	66,667	$0.00	$0.00
Mar 6, 2026	Mcconnell Jill G.	Chief Financial Officer	A	66,667	$0.00	$0.00
Mar 6, 2026	Mcconnell Jill G.	Chief Financial Officer	A	88,450	$0.00	$0.00
Feb 10, 2026	Morais Mark A.	Chief Operating Officer	SELL	589	$13.65	$8.0K
Feb 10, 2026	Mcconnell Jill G.	Chief Financial Officer	SELL	440	$13.65	$6.0K
Feb 9, 2026	Morais Mark A.	Chief Operating Officer	M	2,255	$0.00	$0.00
Feb 9, 2026	Morais Mark A.	Chief Operating Officer	M	2,255	$0.00	$0.00
Feb 9, 2026	Mcconnell Jill G.	Chief Financial Officer	M	1,685	$0.00	$0.00
Feb 9, 2026	Mcconnell Jill G.	Chief Financial Officer	M	1,685	$0.00	$0.00

6 SEC filing reports analyzed. Sentiment: 0 bullish, 1 bearish, 2 mixed, 3 neutral. Avg impact: 4.2/10.

MIXED 8-K 5/10

Fortrea reported Q1 2026 revenue of $636.5M (down 2.3% YoY from $651.3M) and an adjusted diluted EPS

May 5, 2026

MIXED PRESS-RELEASE 6/10

Fortrea reported Q1 2026 adjusted EPS of $0.16, significantly above the $0.05 consensus, though GAAP

May 5, 2026

NEUTRAL DEFA14A 2/10

Fortrea Holdings Inc. filed a definitive proxy statement (DEFA14A) for its 2026 Annual Meeting, whic

Apr 27, 2026

NEUTRAL CLUSTER 2/10

Director Russell Erin L exercised derivative securities for 47,892 shares at $0 in a non-cash transa

Mar 24, 2026

NEUTRAL CLUSTER 3/10

Two C-suite executives at Fortrea Holdings — the COO and CFO — each sold 1,804 shares in open-market

Mar 17, 2026

BEARISH 8-K 7/10

Fortrea reported full-year 2025 revenue of $2.72 billion, up 1.0% YoY, with adjusted EBITDA of $189.

Feb 26, 2026

NEUTRAL 2/10

Fortrea announced that CEO Anshul Thakral, CFO Jill McConnell, and SVP of Investor Relations Tracy K

Jun 2, 2026

NEUTRAL 3/10

Fortrea Holdings granted 130,000 restricted stock units (RSUs) to four new employees as an inducemen

Mar 10, 2026

Current analyst consensus: Hold (59% buy). Based on 17 analysts: 4 strong buy, 6 buy, 6 hold, 1 sell, 0 strong sell.

Analyst Price Targets

$16.21 mean target +0.8% upside Hold (2.33)

$9.50 Low $20.00 High

Metric	Value
Current Price	$16.08
Target Low	$9.50
Target Mean	$16.21
Target Median	$16.00
Target High	$20.00
# Analysts	11
Recommendation	Hold (2.33)

Earnings Estimates & Revisions

Period	EPS Avg	EPS Low	EPS High	EPS Growth	30d Rev.	Up/Down	Rev. Avg	Rev. Growth	Analysts
Current Q 2026-06-30	$0.18	$0.14	$0.21	-7.4%	-0.4%	3↑ 3↓	$0.6B	-8.8%	10
Next Q 2026-09-30	$0.21	$0.15	$0.25	72.4%	-3.8%	4↑ 3↓	$0.7B	-6.3%	10
Current FY 2026-12-31	$0.81	$0.72	$0.95	87.5%	+14.0%	9↑ 1↓	$2.6B	-4.3%	11
Next FY 2027-12-31	$1.08	$0.77	$1.73	33.5%	+14.6%	8↑ 2↓	$2.7B	3.3%	12

Current Quarter EPS Revision History

Timepoint	EPS Estimate	Change
Current	$0.176
7d ago	$0.173	+0.003
30d ago	$0.177	-0.001
60d ago	$0.180	-0.004
90d ago	$0.201	-0.025

7 analyst firms have rated this stock: 5 upgrades, 0 downgrades, 0 initiations.

Individual Analyst Actions

Date	Analyst Firm	Action	Previous Rating	New Rating
May 12, 2026	Mizuho	MAINTAIN	Neutral	Neutral
May 6, 2026	Citigroup	MAINTAIN	Buy	Buy
May 6, 2026	Barclays	MAINTAIN	Equal-Weight	Equal-Weight
Apr 14, 2026	Barclays	MAINTAIN	Equal-Weight	Equal-Weight
Apr 8, 2026	Evercore ISI Group	MAINTAIN	Outperform	Outperform
Mar 9, 2026	TD Cowen	UPGRADE	Hold	Buy
Feb 27, 2026	Barclays	MAINTAIN	Equal-Weight	Equal-Weight
Feb 27, 2026	Baird	MAINTAIN	Outperform	Outperform
Jan 22, 2026	TD Cowen	MAINTAIN	Hold	Hold
Jan 8, 2026	Truist Securities	UPGRADE	Hold	Buy
Jan 6, 2026	Evercore ISI Group	UPGRADE	In-Line	Outperform
Dec 18, 2025	Mizuho	MAINTAIN	Neutral	Neutral
Dec 15, 2025	Barclays	UPGRADE	Underweight	Equal-Weight
Dec 11, 2025	Citigroup	UPGRADE	Neutral	Buy

Monthly Consensus History

Period	Strong Buy	Buy	Hold	Sell	Strong Sell	Buy %
Jun 1, 2026	4	6	6	1	0	59%
May 1, 2026	4	6	6	1	0	59%
Apr 1, 2026	4	6	6	1	0	59%
Mar 1, 2026	4	5	7	1	0	53%
Feb 1, 2026	4	5	6	2	0	53%
Jan 1, 2026	2	0	9	3	2	13%

Strong BuyBuyHoldSellStrong Sell

∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

∅

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

Jun 2, 2026

contract

Fortrea to Attend Jefferies Global Healthcare Conference

DURHAM, N.C., June 02, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=fRk8qfzXmQICSbAQwm4b3YaBOCmP-L1b

Jun 1, 2026

short_volume

Short Volume: FTRE — 62.8% short (0.4M / 0.6M)

Short: 382,682 | Exempt: 0 | TRF Vol: 609,138 | Short Ratio: 62.8% | Off-exchange volume (dark pool + OTC)

May 5, 2026

earnings

Fortrea Reports First Quarter 2026 Results

Strong first-quarter performance reinforces confidence in FY 2026 guidance Book-to-bill of 1.15x is third consecutiv

May 5, 2026

earnings_calendar

FTRE Q1 2026 Earnings Before Market Open — 2026-05-05

May 4, 2026

short_volume

Short Volume: FTRE — 59.7% short (0.6M / 1.1M)

Short: 629,507 | Exempt: 0 | TRF Vol: 1,054,947 | Short Ratio: 59.7% | Off-exchange volume (dark pool + OTC)

May 1, 2026

short_volume

Short Volume: FTRE — 65.9% short (0.3M / 0.5M)

Short: 338,550 | Exempt: 0 | TRF Vol: 513,586 | Short Ratio: 65.9% | Off-exchange volume (dark pool + OTC)

Apr 30, 2026

short_volume

Short Volume: FTRE — 80.4% short (0.9M / 1.1M)

Short: 865,149 | Exempt: 0 | TRF Vol: 1,075,851 | Short Ratio: 80.4% | Off-exchange volume (dark pool + OTC)

Apr 29, 2026

short_volume

Short Volume: FTRE — 91.1% short (1.4M / 1.5M)

Short: 1,411,126 | Exempt: 0 | TRF Vol: 1,548,625 | Short Ratio: 91.1% | Off-exchange volume (dark pool + OTC)

Apr 27, 2026

short_volume

Short Volume: FTRE — 71.7% short (0.6M / 0.9M)

Short: 642,867 | Exempt: 650 | TRF Vol: 896,576 | Short Ratio: 71.7% | Off-exchange volume (dark pool + OTC)

Apr 23, 2026

short_volume

Short Volume: FTRE — 63.2% short (0.4M / 0.7M)

Short: 433,765 | Exempt: 7,264 | TRF Vol: 686,708 | Short Ratio: 63.2% | Off-exchange volume (dark pool + OTC)

Apr 21, 2026

earnings

Fortrea Announces Date for First Quarter 2026 Financial Results and Conference Call

DURHAM, N.C., April 21, 2026 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), t

Apr 21, 2026

short_volume

Short Volume: FTRE — 84.4% short (0.4M / 0.5M)

Short: 440,575 | Exempt: 0 | TRF Vol: 522,094 | Short Ratio: 84.4% | Off-exchange volume (dark pool + OTC)

Apr 16, 2026

short_volume

Short Volume: FTRE — 71.2% short (0.5M / 0.7M)

Short: 465,207 | Exempt: 0 | TRF Vol: 653,551 | Short Ratio: 71.2% | Off-exchange volume (dark pool + OTC)

Mar 13, 2026

short_interest

FTD: FTRE — 143,467 shares ($1.3M) failed to deliver

Settlement: 20260313, Price: $9.04, FTD Value: $1,296,941.68, FORTREA HLDGS INC COM

Mar 10, 2026

contract

Fortrea Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

DURHAM, N.C., March 10, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=kkZXREDtXF-K9SG9Y1u2zrxAIwgYTt5qyolbvL_B4y4E