Enterprise software leader Appian stock has rebounded back near its latest buy point following a short-lived breakout move. The post Enterprise Software Leader Appian Rebounds Near Buy Point After Short-Lived Breakout appeared first on Investor's Business Daily .
APPN Appian Corporation Class A Common Stock
XNAS
51.15
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
APPN
$51.15
—
Key stats
$51.15
Pre-market
$50.19
-1.88%
- 52-Week Range
- $18.63 – $51.38
- YTD
- +50.18%
- IV Rank (30D)
- 71.89
- Straddle Price
- $9.20
- P/C Vol Ratio
- 0.20
- Market Cap
- $3.5B
- Open
- $48.81
- Day Range
- $48.59 – $51.38
- Volume
- 1,844,411
- Prev Close
- $48.73
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.12% |
| Beta vs SPY | 1.39 |
| Cost of Equity (CAPM) | 12.76% (VRP-adj) |
| WACC | 12.28% |
| Volatility Risk Premium | +40.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +18.5% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 10.1% |
| Book / Price | -1.6% |
| Gross Margin (TTM) | 71.8% |
| FCF Margin (TTM) | 10.1% |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $38.69 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $39.79 |
| Bollinger Width / SMA20 | 107.9% (drives anchor stability) |
| Net Debt | $0.1B |
| Market Cap | $4B |
Peers used for multiples: BOX, CRM, MSFT, NOW, P, QLYS, RAMP, WK
60-Day Conviction
18%
20-Day Fair Value
≈ by Nov 23, 2026
$51.56
α +0.8%
rank 6%
conviction
50%
40-Day Fair Value
≈ by Dec 22, 2026
$51.07
α -0.2%
rank 6%
conviction
3%
60-Day Fair Value
≈ by Jan 20, 2027
$50.91
α -0.5%
rank 6%
conviction
18%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $24.53 | 25% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $0.99 | 8% | median 45.1× · 8 peers |
| Peer EV/EBITDA | $5.04 | 8% | median 29.2× · 8 peers |
| Peer P/B | n/a | 0% | median 12.1× · 7 peers |
| Peer P/S | $81.00 | 8% | median 7.2× · 8 peers |
| Market Anchor (SMA50) | $38.69 | 38% | stability 76% (BB-width) |
| Options Expected (B-L 30d) | $50.46 | 14% | 11 strikes · skew +0.43 |
As of 2026-10-23 · updated
Related
About
- Industry (SIC)
- SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
- Exchange
- XNAS
- Market Cap
- $3.5B
- Employees
- 2,149
- List Date
- 2017-05-25
- CIK
- 0001441683
- Next Earnings
- 2026-11-05 (Pre-Market)
- EPS Forecast
- $0.17 (4 est.)
- Headquarters
- Mclean, VA
- Homepage
- https://www.appian.com
Appian Corp is an enterprise software company whose platform unifies process orchestration, artificial intelligence, and data for automating complex business operations. Its platform combines low-code application development, process automation and process mining, AI agents, and a data fabric that connects information across an organization's existing systems without replicating it. The company also provides maintenance and support as well as consulting services and training related to its platform. The majority of its revenue is subscription-based, with the remainder coming from services, and…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 52.03% | -14.38% | 27.67% | -7.14% | 5.72% | -18.09% | 7.64% |
| Feb | -18.56% | 3.16% | -4.58% | 6.02% | -6.40% | -0.56% | -3.49% |
| Mar | -28.90% | 1.86% | 7.74% | 11.72% | -8.39% | -8.67% | -4.11% |
| Apr | -11.72% | -21.59% | -14.65% | -1.00% | 7.40% | -13.56% | -9.19% |
| May | -21.66% | -6.15% | 12.36% | -22.71% | 0.54% | 3.82% | -5.63% |
| Jun | 57.28% | -0.11% | 7.09% | 7.34% | -4.51% | -17.54% | 8.26% |
| Jul | -14.41% | 2.95% | 6.60% | 20.09% | -9.36% | 12.57% | 3.07% |
| Aug | -5.91% | -4.79% | -5.29% | 10.25% | 11.85% | 55.00% | 10.19% |
| Sep | -14.99% | -7.81% | -7.95% | 8.00% | -0.36% | -12.68% | -5.96% |
| Oct | 5.00% | 18.07% | -11.43% | 8.63% | -2.29% | 35.42%* | 8.90% |
| Nov | -24.77% | -24.51% | -7.39% | 3.33% | 33.33% | -- | -4.00% |
| Dec | -4.24% | -14.68% | -0.08% | -15.13% | -11.49% | -- | -9.12% |
| Total | -50.41% | -54.55% | 2.67% | 23.06% | 8.87% | 13.58% | -9.46% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $39.79
SMA 50: $38.69
SMA 200: $28.40
Current: $51.15
EMA 12: $43.22
EMA 26: $40.52
MACD: 2.6972 | Signal: 1.1948
BULLISH
ADX (14): 32.51
TREND
+DI: 44.69
−DI: 8.09
Momentum Oscillators
RSI (14): 74.44
OVERBOUGHT
Stoch %K: 94.97
Stoch %D: 85.62
Williams %R: -1.55
Volume & Volatility
BB Upper: $48.33
BB Lower: $31.25
OVERBOUGHT
OBV: 29,357,899
Vol SMA 20: 970,955
Vol ROC: 66.37%
ATR: $2.63
True Range: $2.79
HV 20: 76.2%
HV 30: 70.6%
HV 60: 72.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis
APPN (Appian Corporation) - Comprehensive Stock Analysis Report
Executive Summary
Overall Assessment: BULLISH | Confidence Level: 7/10
Key Drivers:
- Strong bullish technical momentum with positive MACD crossover (0.63 histogram) and price trading above all major moving averages
- Favorable macro tailwinds: AI automation and workflow automation markets expanding at 31.62% and projected growth to $64.88B respectively
- Low systematic risk (Beta 0.45) provides downside protection while maintaining upside exposure
- Positive recent sentiment on AI positioning ("Did Appian Just Prove It's an AI Winner?" - 2026-08-06)
Primary Risks:
- Declining volume momentum (-54.71% rate of change) suggests weakening institutional interest despite bullish price action
- Elevated historical volatility (HV60: 72.5%) vs. current price stability creates potential whipsaw risk
- ADX at 19.08 indicates range-bound regime rather than strong trending environment
- Stochastic oscillators (70.07 %K, 78.73 %D) suggest near-term overbought conditions
Investment Thesis: Appian is positioned favorably within accelerating AI automation and workflow automation secular trends, supported by bullish technical alignment and low market correlation. However, the divergence between strong price momentum and declining volume—combined with overbought short-term readings—suggests consolidation risk near-term before potential continuation higher. The stock offers a balanced risk/reward for investors with medium-term horizons, particularly given its defensive beta profile.
Recent News Sentiment Impact: MODERATELY POSITIVE The three most recent headlines (September 2026) focus on industry tailwinds and certifications rather than company-specific catalysts. The August 6th Motley Fool piece on AI positioning appears to have supported the 36.6% move from the $28.08 200-day MA, but no breakthrough company announcement has recently confirmed further upside conviction.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): BULLISH with caution
- Price $38.45 trades above SMA 20 ($37.54), SMA 50 ($37.27), and SMA 200 ($28.08)
- All moving averages in bullish alignment (20 > 50 > 200 progression developing)
- However, ADX at 19.08 indicates range-bound regime, not strong directional commitment
- Price is 1.21% above SMA 20, suggesting limited near-term acceleration without momentum confirmation
Medium-term (1-3 months): BULLISH
- Strong uptrend from 200-day MA ($28.08) to current price represents +36.6% appreciation
- EMA 12 ($38.12) remains above EMA 26 ($37.49), confirming intermediate bullish structure
- Price consolidating within upper Bollinger Bands without breakdown, suggesting support for higher levels
- No reversal pattern has formed; trend remains constructive
Long-term (3-12 months): BULLISH
- Macro backdrop of AI/workflow automation expansion (31.62% CAGR, $64.88B market opportunity) provides fundamental support
- Stock's low beta (0.45) and positive alpha (0.46) indicate sustained outperformance potential
- Low correlation (0.09) to market suggests APPN moves on company-specific drivers rather than systematic risk
Support/Resistance Levels
| Level | Type | Significance | Distance | |-------|------|--------------|----------| | $40.16 | Resistance | Upper Bollinger Band | +4.4% | | $39.50 | Resistance | Psychological/recent swing high | +2.7% | | $38.45 | Current | Price | — | | $37.54 | Support | SMA 20 (near-term floor) | -2.4% | | $37.27 | Support | SMA 50 (intermediate support) | -3.1% | | $36.00 | Support | Psychological round number | -6.3% | | $34.93 | Support | Lower Bollinger Band | -9.2% | | $28.08 | Support | SMA 200 (major technical floor) | -27.0% |
Critical Observation: The $37.27-$37.54 band (SMA 50/20) represents the immediate pivot. A close below $37.27 would signal weakness to the $34.93 lower Bollinger Band. Conversely, a breakout above $40.16 would likely target $41-42 resistance.
Momentum Signals
RSI (14): 53.93 - NEUTRAL
- Reading falls squarely in neutral zone (30-70), indicating neither overbought nor oversold conditions
- No RSI divergence detected between price (near highs) and oscillator (mid-range)
- Suggests room for upside movement without extreme momentum warning
- However, lacks conviction of strong bullish RSI >60 reading
MACD: BULLISH CONFIRMATION
- MACD (0.63) trading above Signal line (0.12) with positive histogram (+0.51)
- This represents an active bullish crossover structure
- Strength Assessment: Moderate; histogram size (0.51) is positive but not extreme, indicating building rather than explosive momentum
- No bearish divergence present
Stochastic Oscillators: OVERBOUGHT WARNING
- %K at 70.07 (above 70 threshold) and %D at 78.73 (deeply overbought) suggest short-term exhaustion risk
- This is the primary technical warning sign for near-term pullback potential (1-3 week horizon)
- Historically, overbought stochastic readings often precede 3-7% retracements before continuing higher
- Williams %R at -33.16 (neutral zone: -50 to 0) provides some balance to the overbought stochastic picture
Bollinger Bands: NEUTRAL
- Price $38.45 sits between middle band ($37.54) and upper band ($40.16)
- Band width of 13.92 is moderate, not indicating extreme squeeze or expansion
- Price neither touching upper band (would indicate overbought) nor lower band (would indicate oversold)
- Position suggests equilibrium without mean reversion pressure
Volume Analysis
Volume Indicators - CONCERNING DIVERGENCE:
| Metric | Value | Interpretation | |--------|-------|-----------------| | Volume SMA 20 | 784,049 shares | Baseline average | | Volume ROC | -54.71% | MAJOR RED FLAG | | OBV | 26,685,789 | Cumulative; positive but stagnant | | Recent Trend | Declining | Last 5-10 trading days showing reduced participation |
Key Concern: The -54.71% volume rate of change indicates institutional interest is declining sharply despite price making higher highs. This is a classic warning sign:
- Price strength without volume support often precedes reversals
- Suggests retail/technical buying pushing price higher while smart money quietly reduces exposure
- ADX weakness (19.08) combined with volume decline indicates the rally may lack followthrough
Positive Aspect: OBV remains positive and hasn't turned negative, so the selling isn't aggressive accumulation; rather, it's reduced buying enthusiasm.
News & Sentiment Analysis
Recent Headlines Summary (Last 3-12 months)
Theme 1: Industry Growth Tailwinds (3 headlines)
- AI automation market reaching $2,041.82B by 2035 at 31.62% CAGR (Sept 2026)
- Workflow automation market projected at $64.88B by 2035 (July 2026)
- These represent Appian's core addressable markets with strong secular growth drivers
Theme 2: Company Positioning (1 headline)
- "Did Appian Just Prove It's an AI Winner?" (Motley Fool, Aug 6, 2026) - Most directly relevant to stock performance
- This headline timing aligns with strong price momentum in August-September period
- Suggests institutional/analyst community recognizing APPN as AI automation beneficiary
Theme 3: Partnership/Ecosystem News (1 headline)
- Grab's majority stake buyout in Atome Financial (Sept 16, 2026) - Indirect/neutral
- Suggests healthy M&A activity in Appian's ecosystem but not company-specific catalyst
Theme 4: Customer Milestones (1 headline)
Generated
News
All APPN news →
Earnings History
19 of 23 under expected move
Avg Expected Move
12.99%
Avg Actual Move
6.30%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-18 | Pre-Market | 10.54% | 0.00% | 0.00x | Within |
| 2021-05-06 | Pre-Market | 15.23% | 3.30% | 0.22x | Within |
| 2021-08-05 | Pre-Market | 14.65% | 2.11% | 0.14x | Within |
| 2021-11-04 | Pre-Market | 13.21% | 4.43% | 0.34x | Within |
| 2022-02-17 | Pre-Market | 12.41% | 10.04% | 0.81x | Within |
| 2022-05-05 | Pre-Market | 17.01% | 7.89% | 0.46x | Within |
| 2022-08-05 | Pre-Market | 13.53% | 1.73% | 0.13x | Within |
| 2022-11-03 | Pre-Market | 19.06% | 0.51% | 0.03x | Within |
| 2023-02-16 | Pre-Market | 10.06% | 1.45% | 0.14x | Within |
| 2023-05-09 | Pre-Market | 10.70% | 0.39% | 0.04x | Within |
| 2023-08-03 | Pre-Market | 11.15% | 0.45% | 0.04x | Within |
| 2023-11-02 | Pre-Market | 11.65% | 6.62% | 0.57x | Within |
| 2024-02-15 | Pre-Market | 11.56% | 12.67% | 1.10x | Exceeded |
| 2024-04-16 | Pre-Market | 8.29% | 3.87% | 0.47x | Within |
| 2024-08-01 | Pre-Market | 13.74% | 20.34% | 1.48x | Exceeded |
| 2024-11-07 | Pre-Market | 12.41% | 2.62% | 0.21x | Within |
| 2025-02-19 | Pre-Market | 13.26% | 16.20% | 1.22x | Exceeded |
| 2025-05-08 | Pre-Market | 10.44% | 5.33% | 0.51x | Within |
| 2025-08-07 | Pre-Market | 11.60% | 8.27% | 0.71x | Within |
| 2025-11-06 | Pre-Market | 11.93% | 30.79% | 2.58x | Exceeded |
| 2026-02-19 | Pre-Market | 16.21% | 2.00% | 0.12x | Within |
| 2026-05-07 | Pre-Market | 14.13% | 2.50% | 0.18x | Within |
| 2026-08-06 | Pre-Market | 16.02% | 1.50% | 0.09x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
APPN Options Activity & IV Rank
APPN IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 79.8%
7-DTE IV: —
Expected Move: $9.20
7-DTE Move: $9.20
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 553
Put Volume: 112
P/C Volume: 0.203
BULLISH
Call OI: 1,351
Put OI: 1,662
P/C OI: 1.23
Total OI: 3,013
ATM Options Pricing
ATM Call: $5.00
ATM Put: $4.20
Call %: 9.8%
Put %: 8.2%
Chain Summary
Chain Volume: 1,279
Chain OI: 6,408
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 84th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
84%
vs own history
GEX tilt
+0.64
OI-weighted, today
Vanna tilt
+0.24
δ-sensitivity to IV
Charm tilt
-0.41
δ-decay vs time
Charm tilt -0.41: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 14 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · No data
30 DTE / 10d
78%
+11.9
pts
EXTREME
as of Oct 22 · ATM 79.9% / Wing 91.8%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
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Volatility Smile
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IV Rank (7 DTE)
IV Rank (30 DTE)71.9MediumOct 22
Straddle Price (30 DTE)$9.20Oct 22
Beta Analysis
Risk Metrics
Beta: 0.5081
Alpha: 67.97%
Correlation: 0.0925
R-Squared: 0.9%
Stock Volatility: 70.1%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
APPN Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 74,311,500 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
6 filers$6.62M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $4.04M | 61.12% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $900.63K | 13.61% | 2025-09-30 |
| 3 | Citadel Advisors LLC Custodian | $828.98K | 12.53% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $801.50K | 12.11% | 2026-06-30 |
| 5 | Walleye Capital LLC | $22.90K | 0.35% | 2026-06-30 |
| 6 | Walleye Trading LLC | $18.32K | 0.28% | 2026-06-30 |
6 filers$3.44M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $1.18M | 34.35% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $964.75K | 28.04% | 2025-09-30 |
| 3 | Susquehanna International Group, LLP Custodian | $496.93K | 14.44% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $451.13K | 13.11% | 2026-06-30 |
| 5 | Squarepoint Ops LLC | $215.26K | 6.26% | 2026-06-30 |
| 6 | Walleye Trading LLC | $130.53K | 3.79% | 2026-06-30 |
APPN Insider Trading (Form 4)
Latest: 2026-10-08Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-08 | Matthew W Calkins | CEO and President | Sell (S) | −45,000 | $37.50 | -$1.69M | EDGAR |
| 2026-10-02 | David Forrest Link | Director | Award (A) | +886 | — | EDGAR | |
| 2026-10-02 | Mark Steven Lynch | Director | Award (A) | +886 | — | EDGAR | |
| 2026-10-02 | Carl Joseph Hartman II | Director | Award (A) | +886 | — | EDGAR | |
| 2026-10-02 | Shirley Ann Edwards | Director | Award (A) | +886 | — | EDGAR | |
| 2026-10-02 | Bobbie G Kilberg | Director | Award (A) | +886 | — | EDGAR | |
| 2026-09-11 | Bobbie G Kilberg | Director | Conv (C) | +10,800 | — | EDGAR | |
| 2026-09-10 | Matthew W Calkins | CEO and President | Sell (S) | −45,000 | $35.19 | -$1.58M | EDGAR |
| 2026-08-11 | Matthew W Calkins | CEO and President | Sell (S) | −45,000 | $34.46 | -$1.55M | EDGAR |
| 2026-08-06 | Mark Dorsey | Chief Revenue Officer | Mixed | +3,181 | $29.96 | -$40.5K | EDGAR |
| 2026-08-06 | Srdjan Tanjga | Chief Financial Officer | Mixed | +30,570 | $29.96 | -$849.4K | EDGAR |
| 2026-08-06 | Mark Dorsey | Chief Revenue Officer | Mixed | +3,181 | $29.96 | -$40.5K | EDGAR |
| 2026-08-06 | Srdjan Tanjga | Chief Financial Officer | Mixed | +30,570 | $29.96 | -$849.4K | EDGAR |
| 2026-07-08 | Matthew W Calkins | CEO and President | Sell (S) | −50,000 | $24.72 | -$1.24M | EDGAR |
| 2026-07-02 | David Forrest Link | Director | Award (A) | +1,364 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
APPN Insider Holdings
18 insiders · @ $51.15
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Colin T. Moran | 10%+ Owner | 7,863,623 | $402.22M | -$333.55M | 26 | 2025-06-06 |
| 2 | Abdiel Partners, LLC | 10%+ Owner | 6,939,889 | $354.98M | -$46.41M | 10 | 2025-07-11 |
| 3 | Abdiel Capital LP | 10%+ Owner | 6,164,056 | $315.29M | $107.55M | 24 | 2025-07-24 |
| 4 | Abdiel Capital Management, LLC | 10%+ Owner | 4,658,624 | $238.29M | -$1.65B | 28 | 2025-08-08 |
| 5 | Matthew W Calkins | CEO and President | 1,638,893 | $83.83M | -$99.55M | 20 | 2026-10-08 |
| 6 | Robert Charles Kramer | General Manager | 323,057 | $16.52M | -$27.45M | 42 | 2026-03-03 |
| 7 | Bobbie G Kilberg | Director | 85,177 | $4.36M | -$1.83M | 45 | 2026-10-02 |
| 8 | Albert G.W. Biddle III | Director | 48,214 | $2.47M | -$19.55M | 52 | 2026-01-05 |
| 9 | Mark Steven Lynch | Director | 47,514 | $2.43M | -$15.78M | 60 | 2026-10-02 |
| 10 | Srdjan Tanjga | Chief Financial Officer | 39,799 | $2.04M | $0 | 5 | 2026-08-06 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
APPN Board & Officers
As of SEC filings through Oct 8, 2026Directors 10
- Albert G.W. Biddle III · since May 24, 2017
- Bobbie G Kilberg · since May 24, 2017
- Matthew W Calkins · since May 24, 2017
- Robert Charles Kramer · since May 24, 2017
- William D. McCarthy · since Jun 7, 2022
- Mark Steven Lynch · listed since Jul 2022
- Shirley Ann Edwards · since Jan 1, 2023
- Carl Joseph Hartman II · since Sep 25, 2024
- Michael Beckley · since Nov 5, 2024
- David Forrest Link · since Jan 25, 2026
Officers 5
- Matthew W Calkins · CEO and President · since May 24, 2017
- Srdjan Tanjga · Chief Financial Officer · since May 27, 2025
- Pavel Zamudio-Ramirez · Chief Customer Officer · since Feb 15, 2022
- Mark Dorsey · Chief Revenue Officer · since Nov 5, 2024
- Robert Charles Kramer · General Manager · since May 24, 2017
10% owners 1
- Matthew W Calkins · since May 24, 2017
Changes in the last 10 years (78)
| Jan 25, 2026 | David Forrest Link became a director |
| Nov 6, 2025 | Christopher Winters reported in an SEC filing no longer being General Counsel |
| Aug 8, 2025 | Colin T. Moran reported in an SEC filing no longer being a 10% owner |
| Aug 8, 2025 | Abdiel Qualified Master Fund LP reported in an SEC filing no longer being a 10% owner |
| Aug 8, 2025 | Abdiel Partners, LLC reported in an SEC filing no longer being a 10% owner |
| Aug 8, 2025 | Abdiel Capital Management, LLC reported in an SEC filing no longer being a 10% owner |
| Aug 8, 2025 | Abdiel Capital LP reported in an SEC filing no longer being a 10% owner |
| Aug 8, 2025 | Abdiel Capital Advisors, LP reported in an SEC filing no longer being a 10% owner |
| May 27, 2025 | Srdjan Tanjga became Chief Financial Officer |
| Apr 21, 2025 | The company announced the departure of Mark Steven Lynch as Interim CFO in an SEC filing |
| Jan 10, 2025 | Mark Steven Lynch first listed as Interim CFO in an SEC filing |
| Nov 5, 2024 | Michael Beckley became a director |
| Nov 5, 2024 | Mark Dorsey became Chief Revenue Officer |
| Oct 9, 2024 | The company announced the departure of Mark Matheos as Chief Financial Officer in an SEC filing |
| Sep 25, 2024 | Carl Joseph Hartman II became a director |
| Mar 25, 2024 | The company announced the departure of Christopher M Jones as Chief Revenue Officer in an SEC filing |
| Jan 20, 2023 | Abdiel Partners, LLC became a 10% owner |
| Jan 1, 2023 | Shirley Ann Edwards became a director |
| Aug 1, 2022 | Christopher M Jones became Chief Revenue Officer |
| Jul 1, 2022 | Mark Steven Lynch first listed as a director in an SEC filing |
| Jun 7, 2022 | William D. McCarthy became a director |
| May 17, 2022 | The company announced the departure of Eric Calvin Cross as Chief Revenue Officer in an SEC filing |
| May 5, 2022 | Mark Matheos listed as Chief Financial Officer (previously Chief Accounting Officer) in SEC filings |
| Feb 15, 2022 | Pavel Zamudio-Ramirez became Chief Customer Officer |
| Dec 31, 2021 | Mark Matheos became Chief Accounting Officer |
| Dec 1, 2021 | The company announced the departure of Mark Steven Lynch as Chief Financial Officer in an SEC filing |
| May 11, 2020 | Eric Calvin Cross became Chief Revenue Officer |
| Apr 18, 2019 | Albert G.W. Biddle III no longer listed as a 10% owner in SEC filings |
| Feb 14, 2019 | Novak Biddle Venture Partners V L P reported in an SEC filing no longer being a 10% owner |
| Feb 14, 2019 | Novak Biddle Co V, LLC reported in an SEC filing no longer being a 10% owner |
| Feb 14, 2019 | E Rogers Novak JR reported in an SEC filing no longer being a 10% owner |
| Jan 1, 2019 | David Leon Mitchell became Senior VP, Worldwide Sales |
| Feb 15, 2018 | Scott D Sandell reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | Ravi Viswanathan reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | Peter W. Sonsini reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | Peter J Barris reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | Patrick J Kerins reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | New Enterprise Associates 14, L.P. reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | Nea 14 Gp, Ltd reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | NEA Partners 14, L.P. reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | M James Barrett reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | Forest Baskett reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | David M Mott reported in an SEC filing no longer being a 10% owner |
| Feb 15, 2018 | Anthony A. Florence Jr. reported in an SEC filing no longer being a 10% owner |
| May 31, 2017 | Colin T. Moran became a 10% owner |
| May 31, 2017 | Abdiel Qualified Master Fund LP became a 10% owner |
| May 31, 2017 | Abdiel Capital Management, LLC became a 10% owner |
| May 31, 2017 | Abdiel Capital LP became a 10% owner |
| May 31, 2017 | Abdiel Capital Advisors, LP became a 10% owner |
| May 24, 2017 | Scott D Sandell became a 10% owner |
| May 24, 2017 | Robert Charles Kramer became a director |
| May 24, 2017 | Robert Charles Kramer became General Manager |
| May 24, 2017 | Ravi Viswanathan became a 10% owner |
| May 24, 2017 | Prashanth Boccassam became a director |
| May 24, 2017 | Peter W. Sonsini became a 10% owner |
| May 24, 2017 | Peter J Barris became a 10% owner |
| May 24, 2017 | Patrick J Kerins became a 10% owner |
| May 24, 2017 | Novak Biddle Venture Partners V L P became a 10% owner |
| May 24, 2017 | Novak Biddle Co V, LLC became a 10% owner |
| May 24, 2017 | New Enterprise Associates 14, L.P. became a 10% owner |
| May 24, 2017 | Nea 14 Gp, Ltd became a 10% owner |
| May 24, 2017 | NEA Partners 14, L.P. became a 10% owner |
| May 24, 2017 | Michael J. Mulligan became a director |
| May 24, 2017 | Michael G Devine became a director |
| May 24, 2017 | Matthew W Calkins became a director |
| May 24, 2017 | Matthew W Calkins became a 10% owner |
| May 24, 2017 | Matthew W Calkins became CEO and President |
| May 24, 2017 | Mark Steven Lynch became Chief Financial Officer |
| May 24, 2017 | M James Barrett became a 10% owner |
| May 24, 2017 | Forest Baskett became a 10% owner |
| May 24, 2017 | Edward L Hughes became Senior VP, Worldwide Sales |
| May 24, 2017 | E Rogers Novak JR became a 10% owner |
| May 24, 2017 | David M Mott became a 10% owner |
| May 24, 2017 | Christopher Winters became General Counsel |
| May 24, 2017 | Bobbie G Kilberg became a director |
| May 24, 2017 | Anthony A. Florence Jr. became a 10% owner |
| May 24, 2017 | Albert G.W. Biddle III became a director |
| May 24, 2017 | Albert G.W. Biddle III became a 10% owner |
Not reported recently (5)
- Michael J. Mulligan · Last reported as a director in an SEC filing dated Apr 2, 2024
- Prashanth Boccassam · Last reported as a director in an SEC filing dated Apr 4, 2023
- Michael G Devine · Last reported as a director in an SEC filing dated Oct 4, 2022
- David Leon Mitchell · Last reported as Senior VP, Worldwide Sales in an SEC filing dated Mar 9, 2020
- Edward L Hughes · Last reported as Senior VP, Worldwide Sales in an SEC filing dated Dec 6, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
APPN Proposed Insider Sales (Form 144)
Latest: 2026-10-07
? Form 144 Guide
Last 30d:
1 filing
· $1.7M notice value
· Last 90d:
3 filings
· $4.8M notice value
· 1 unique filer
· 100% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Matthew W. Calkins (3, $4.8M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-07 | Matthew W. Calkins | CEO and President, 10% Owner | 45,000 | $1.68M | 2026-10-07 | J.P. Morgan Securities LLC | 10b5-1 | EDGAR |
| 2026-09-08 | Matthew W. Calkins | CEO and President, 10% Owner | 45,000 | $1.73M | 2026-09-08 | J.P. Morgan Securities LLC | 10b5-1 | EDGAR |
| 2026-08-07 | Matthew W. Calkins | CEO and President, 10% Owner | 45,000 | $1.37M | 2026-08-07 | J.P. Morgan Securities LLC | 10b5-1 | EDGAR |
| 2026-07-07 | Matthew Calkins | CEO and President, 10% Owner | 50,000 | $1.22M | 2026-07-07 | J.P. Morgan Securities LLC | 10b5-1 | EDGAR |
| 2026-06-08 | Matthew Calkins | CEO and President, 10% Owner | 50,000 | $1.24M | 2026-06-08 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-03-03 | Mark Lynch | Director | 9,530 | $256.8K | 2026-03-03 | Merrill Lynch | — | EDGAR |
| 2024-12-02 | McCarthy William D. | Director | 700 | $26.5K | 2024-12-02 | Charles Schwab Corporation | — | EDGAR |
| 2023-11-14 | Lynch Mark Steven | Officer | 4,598 | $172.9K | 2023-11-14 | Merrill Lynch | — | EDGAR |
| 2023-09-11 | Winters Christopher | Officer | 30,000 | $1.51M | 2023-09-11 | Merrill Lynch | — | EDGAR |
| 2023-09-11 | JONES CHRISTOPHER M | Officer | 4,500 | $225.2K | 2023-09-11 | Merrill Lynch | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
69 ETFs hold APPN
25 shown · $335.97M total exposure · 0.08% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.06% | $47.7M | $74.2B | 2026-10-21 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $40.4M | — | 2026-09-30 |
| 3 | SKYY First Trust Cloud Computing ETF | First Trust | 1.04% | $36.5M | $3.5B | 2026-10-21 |
| 4 | VGT Vanguard Information Technology ETF | Vanguard | 0.02% | $28.5M | — | 2026-09-30 |
| 5 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.02% | $27.4M | — | 2026-09-30 |
| 6 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.31% | $20.6M | $6.6B | 2026-10-21 |
| 7 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.13% | $17.7M | $13.6B | 2026-10-21 |
| 8 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.03% | $15.2M | — | 2026-09-30 |
| 9 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $14.2M | — | 2026-09-30 |
| 10 | ROBT First Trust Nasdaq Artificial Intelligence and Robotics ETF | First Trust | 1.81% | $13.7M | $758.5M | 2026-10-21 |
| 11 | FYC First Trust Small Cap Growth AlphaDEX® Fund | First Trust | 0.88% | $11.9M | $1.3B | 2026-10-21 |
| 12 | IGV iShares Expanded Tech-Software Sector ETF | iShares (BlackRock) | 0.06% | $8.5M | $14.4B | 2026-10-21 |
| 13 | SMLF iShares U.S. Small-Cap Equity Factor ETF | iShares (BlackRock) | 0.20% | $8.2M | $4.2B | 2026-10-21 |
| 14 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.05% | $8.0M | — | 2026-09-30 |
| 15 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.43% | $5.8M | $1.4B | 2026-10-21 |
| 16 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.02% | $5.0M | $21.7B | 2026-10-21 |
| 17 | XSW State Street® SPDR® S&P® Software & Services ETF | SPDR (State Street) | 1.00% | $4.8M | $482.7M | 2026-10-21 |
| 18 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.02% | $4.5M | — | 2026-05-31 |
| 19 | JSML Janus Henderson Small Cap Growth Alpha ETF | Janus | 0.90% | $3.3M | $360.1M | 2026-10-21 |
| 20 | GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF | Goldman | 0.27% | $2.9M | $1.0B | 2026-10-21 |
| 21 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $2.6M | $96.2B | 2026-10-21 |
| 22 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.03% | $2.5M | — | 2026-10-21 |
| 23 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.00% | $2.4M | — | 2026-10-21 |
| 24 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.01% | $2.2M | — | 2026-10-21 |
| 25 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.09% | $1.5M | — | 2026-09-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$0.02
TTM Revenue
$762.69M
TTM Net Income
$885.00K
TTM Op. Cash Flow
$66.73M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $202.18M | $-1.52M | $-0.02 | $48.83M |
| Q4 '25 | 2025-12-31 | $202.87M | $-5.10M | $-0.06 | $1.14M |
| Q3 '25 | 2025-09-30 | $187.00M | $7.83M | $0.10 | $18.71M |
| Q2 '25 | 2025-06-30 | $170.64M | $-312.00K | — | $-1.94M |
| Q1 '25 | 2025-03-31 | $166.43M | $-1.18M | $-0.02 | $44.97M |
| Q4 '24 | 2024-12-31 | $166.69M | $-13.65M | $-0.18 | $13.87M |
| Q3 '24 | 2024-09-30 | $154.05M | $-2.10M | $-0.03 | $-8.24M |
| Q2 '24 | 2024-06-30 | $146.45M | $-43.59M | $-0.60 | $-17.61M |
| Q1 '24 | 2024-03-31 | $149.84M | $-32.92M | $-0.45 | $18.87M |
| Q4 '23 | 2023-12-31 | $145.32M | $-10.01M | $-0.13 | $-8.24M |
| Q3 '23 | 2023-09-30 | $137.09M | $-22.25M | $-0.30 | $-65.00M |
| Q2 '23 | 2023-06-30 | $127.72M | $-42.35M | $-0.58 | $-11.94M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-07
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
2557.50
P/B
—
P/S
4.98
EV/EBITDA
274.54
EV/Sales
5.09
ROE
—
ROA
0.1%
Div Yield
0.00%
FCF Yield
1.76%
Debt/Equity
—
Current Ratio
—
Market Cap
$3.80B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
4.88M
SI % of Float
12.85%
Days to Cover
6.36
Short Vol Ratio
49.7%
Free Float
37.98M
Float %
93.7%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-08-14