CBRS Cerebras Systems Inc. Class A Common Stock

XNAS 168.57 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

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CBRS $168.57 —
Key stats
$168.57
52-Week Range
$160.81 – $386.34
YTD
-45.81%
IV Rank (30D)
5.46
Straddle Price
$24.40
P/C Vol Ratio
0.62
Market Cap
$40.3B
Fair Value
MODEL: LONG

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)5.26%
Beta vs SPY2.90
Cost of Equity (CAPM)20.20% (VRP-adj)
WACC5.23%
Volatility Risk Premium+6.2pp (IV − HV30), ERP adj +16bps
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Debt / Equity0.02
Quality Score1/6 — cyclical/struggling (5y DCF)
SMA 50$202.13 (Market Anchor value)
SMA 20 / Bollinger Mid$195.31
Bollinger Width / SMA2011.6% (drives anchor stability)
Net Debt$-6.6B
Peers used for multiples: ALAB, AMD, AVGO, INTC, MRVL, MU, NVDA, QCOM
60-Day Conviction
93%
20-Day Fair Value
≈ by Nov 2, 2026
$173.98
α +3.6% rank 77%
conviction
99%
40-Day Fair Value
≈ by Dec 1, 2026
$171.68
α +2.3% rank 72%
conviction
67%
60-Day Fair Value
≈ by Dec 30, 2026
$175.62
α +4.6% rank 73%
conviction
93%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) n/a 0%
Peer P/E n/a 0% median 43.8× · 7 peers
Peer EV/EBITDA n/a 0% median 36.6× · 8 peers
Peer P/B n/a 0% median 13.8× · 8 peers
Peer P/S n/a 0% median 18.5× · 8 peers
Market Anchor (SMA50) $202.13 65% stability 92% (BB-width)
Options Expected (B-L 30d) $166.79 35% 51 strikes · skew +0.34
As of 2026-10-02 · updated
About
Industry (SIC)
SEMICONDUCTORS & RELATED DEVICES (3674)
Exchange
XNAS
Market Cap
$40.3B

Cerebras Systems Inc is an AI company. It designs the world's fastest AI infrastructure for training and inference. The company builds the world's largest semiconductor as well as the AI systems to power, cool, and feed the processors data. It develops software to link these systems together into industry-leading supercomputers that are simple to use even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use its supercomputers to train industry-leading models. The company uses these supercomputers to run inference at speeds unobtainable from alternative com…

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
MonthAvg ReturnYears of Data
Jan — 0
Feb — 0
Mar — 0
Apr — 0
May -32.29% 1
Jun -4.69% 1
Jul -7.78% 1
Aug -3.28% 1
Sep -1.00% 1
Oct -7.72% 1
Nov — 0
Dec — 0
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: $194.20
SMA 50: $201.09
SMA 200: —
Current: $168.33
EMA 12: $188.40
EMA 26: $193.58
MACD: -5.1777 | Signal: -2.9544
BEARISH
ADX (14): 12.84
RANGE
+DI: 22.46
−DI: 29.17

Momentum Oscillators

RSI (14): 36.46
NEUTRAL
Stoch %K: 2.39
Stoch %D: 17.74
Williams %R: -95.60

Volume & Volatility

BB Upper: $219.21
BB Lower: $169.19
OVERSOLD
OBV: -47,494,565
Vol SMA 20: 6,805,315
Vol ROC: -36.16%
ATR: $13.81
True Range: $8.90
HV 20: 68.5%
HV 30: 69.2%
HV 60: 105.8%

Data Summary

Data Points: 97
Last Updated:
Date Range: 2026-05-14T00:00:00 – 2026-10-01T00:00:00
AI Analysis

CEREBRAS SYSTEMS (CBRS) - COMPREHENSIVE STOCK ANALYSIS

Executive Summary

Overall Assessment: BEARISH with confidence level: 7/10

Key Drivers & Primary Risks:

  • Price is 9.7% below the 20-day SMA ($196.34) and 9.8% below the 50-day SMA ($203.05), signaling downward momentum
  • MACD histogram (-0.88) shows bearish momentum with increasing negative divergence
  • Extremely high beta (2.81) amplifies market and sector volatility risk
  • Negative alpha (-0.95) indicates underperformance relative to systematic risk taken
  • Low ADX (12.95) suggests weak directional conviction despite negative price action

Investment Thesis: CBRS is in a vulnerable technical position with price trading significantly below both short and intermediate-term moving averages while momentum indicators deteriorate. Despite neutral-to-positive news sentiment around AI demand and backlog strength, the stock has declined 19% in three months, suggesting fundamental headwinds or profit-taking may be overwhelming positive narratives. The extremely high beta (2.81) means investors bear 2.8x market risk for negative alpha, a poor risk-reward proposition.

Recent News Sentiment Impact: News headlines (dated Sept 17-29, 2026) maintain largely positive/neutral sentiment focused on CBRS' strong backlog and AI demand positioning. However, this positive sentiment has NOT prevented a 19% three-month decline, indicating either: (1) the market is pricing in future execution risks, (2) sector-wide AI chip rotation is occurring, or (3) valuation concerns override narrative optimism. This disconnect between positive news and negative price action is a critical red flag.

Technical Analysis

Trend Direction

Short-term (1-4 weeks): BEARISH

  • Price ($183.43) is 9.7% below SMA20 ($196.34) and 7.2% below EMA12 ($197.04)
  • Both short-term EMAs (12: $197.04, 26: $198.12) are declining and positioned above price
  • Lower lows pattern evident in recent price action

Medium-term (1-3 months): BEARISH

  • Price is 9.8% below SMA50 ($203.05), confirming intermediate downtrend
  • The 19% decline over three months indicates sustained selling pressure
  • SMA20 has crossed below SMA50, a bearish alignment

Long-term (3-12 months): INCONCLUSIVE

  • SMA200 data unavailable, limiting long-term trend assessment
  • Without 200-day MA reference, cannot assess whether current weakness is pullback within uptrend or start of major decline
  • Data quality flag: Missing SMA200 limits confidence in long-term trend identification

Support/Resistance Levels

Current Support Levels (descending order of strength):

  1. Bollinger Band Lower ($177.87) — Technical floor; break below would signal significant weakness

    • Current price $183.43 is 3.1% above lower band
    • This represents the nearest critical support

  2. $180 psychological level — Round number support, ~1.9% below current price

  3. $175-177 range — If lower BB breaks, next technical support

Current Resistance Levels (ascending order):

  1. EMA26 ($198.12) — Immediate overhead resistance, 8.0% above current price
  2. SMA50 ($203.05) — Intermediate resistance, 10.7% above current price
  3. Bollinger Band Upper ($214.82) — Major resistance, 17.1% above current price
  4. SMA20 ($196.34) — Short-term resistance, 7.1% above current price

Key Observation: Price is sandwiched between the lower Bollinger Band support and multiple resistance levels above, suggesting limited upside room before hitting resistance zone.

Momentum Signals

RSI (14): 42.14 — NEUTRAL with slight bearish lean

  • Reading is in neutral zone (30-70) but closer to oversold (30) than overbought (70)
  • Indicates no extreme condition but suggests momentum is cooling
  • Not yet oversold enough for typical reversal buy signals
  • Current trajectory suggests potential move toward 30 oversold level

MACD: -1.08 (MACD Line) / Signal: -0.20 / Histogram: -0.88 — BEARISH

  • MACD line (-1.08) is significantly below signal line (-0.20), confirming bearish momentum
  • Histogram (-0.88) is deeply negative and expanding, indicating accelerating bearish momentum
  • This is the most concerning momentum indicator; magnitude of negative histogram suggests selling is intensifying
  • No signs of bullish crossover imminent

Stochastic Oscillators:

  • %K (39.26) is below %D (51.93), indicating downward momentum
  • Both readings are in lower half of range but not yet oversold (<20)
  • Suggests momentum deterioration continues but may have room to extend lower

Williams %R (-83.84) — OVERSOLD SIGNAL

  • Reading near -100 extreme indicates recent selling intensity
  • Typically signals potential short-term reversal, but must be confirmed by other indicators
  • In context of worsening MACD, this may just reflect recent weakness rather than reliable reversal signal

Momentum Synthesis: Multiple momentum indicators show deterioration. MACD's expanding negative histogram is most concerning, suggesting selling is accelerating rather than stabilizing. RSI and Stochastic suggest continued downward pressure possible.

Bollinger Bands Analysis

Current Position: NEUTRAL with downward bias

  • Price ($183.43) is between lower band ($177.87) and middle band/SMA20 ($196.34)
  • Width (18.82) indicates moderate volatility expansion from previous squeeze levels
  • Price is 70% of the way from upper to lower band, positioning in lower half

Interpretation:

  • Not touching lower band yet, so not at extreme oversold level requiring mean reversion
  • Distance from upper band ($214.82) is significant at 17.1%, leaving room to fall
  • Moderate band width suggests volatility is elevated but not at extremes
  • Pattern suggests drift toward lower band is likely, not bounce from current level

Volume Analysis

Volume Trends:

  • Volume SMA20: 6,000,198 shares (baseline average)
  • Volume Rate of Change: -2.16% (declining volume trend)
  • Current volume is slightly below 20-day average, suggesting light institutional interest

On-Balance Volume (OBV): -19,431,813.83 — BEARISH

  • Deeply negative OBV cumulative indicates selling volume has significantly exceeded buying volume over the analyzed period
  • This is a major red flag: price declines accompanied by net selling pressure
  • Negative OBV suggests lack of institutional accumulation during weakness
  • In a healthy correction, we'd expect OBV to stabilize; continued negative OBV suggests conviction in selling

Institutional Activity Signal:

  • Volume below average + negative OBV suggests institutions are NOT using weakness to accumulate
  • This reduces confidence in mean-reversion thesis
  • If large players were buying dips, we'd expect higher volume and rising OBV; absence suggests weakness is structural, not cyclical

Volume Synthesis: Volume profile does NOT support a bullish reversal narrative. Declining volume combined with deeply negative OBV suggests selling pressure is persistent and lacking bounce-back demand.

News & Sentiment Analysis

Recent Headlines Summary

Key Themes from Last 10 Articles (Sept 17-29, 2026):

  1. AI Chip Demand & Backlog Strength (Headlines #2, #3, #4)

    • CBRS' backlog is described as "strong" and riding AI demand
    • Positioned favorably against NVIDIA and AMD in competitive comparisons
    • Suggested as potential outperformer in AI chip space

  2. Comparative Stock Analysis (Headlines #1, #3, #4, #5)

    • Multiple "vs." comparisons suggest analyst interest but also indicate CBRS is being evaluated against alternatives (Nebius, BigBear.ai, Rigetti, TI)
    • Pattern suggests investors are choosing between CBRS and competitors rather than viewing it as sole solution

  3. Recent Price Decline Context (Headline #6 - Sept 17)

    • Explicit acknowledgment of "19% drop in 3 months"
    • Article framed as "Buy, Sell or Hold?" — uncertain tone

Sentiment Assessment

**Aggregate News Sentiment: NEUTRAL-POSITIVE with execution

Generated
News
Earnings History
1 of 2 under expected move
Avg Expected Move
14.39%
Avg Actual Move
16.12%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2026-06-23 After-Close 15.44% 20.40% 1.32x Exceeded
2026-08-12 After-Close 13.34% 11.85% 0.89x Within
Options Activity
IV Rank (30D)
5.46
IV Rank (7D)
42.83
Avg IV
72.0%
Straddle (30D)
$24.40
Straddle (7D)
$12.20
P/C Volume
0.62
Spread Scanner GPU
Full Algorithm Docs ↗

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.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

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

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
2.87
Correlation (SPY)
30.6%
R²
0.09
Ann. Volatility
117.0%
SPY Volatility
12.5%

High volatility - stock moves more than market

Beta & Alpha Over Time
Institutional Ownership (13F)
Latest filings — 2026-06-30
Diluted shares outstanding: 150,968,000 (as of 2026-06-30)

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.

408 filers88,464,900 shares$19.44B value58.60% of float
# Filer Shares Value % of Total % of Float Period
1 ECLIPSE OPERATIONS, LLC 11,446,270 $2.53B 13.01% 7.58% 2026-06-30
2 FMR LLC Custodian 8,435,095 $1.86B 9.59% 5.59% 2026-06-30
3 Altimeter Capital Management, LP 7,225,037 $1.60B 8.21% 4.79% 2026-06-30
4 COATUE MANAGEMENT LLC 7,011,028 $1.55B 7.97% 4.64% 2026-06-30
5 Capital World Investors 3,894,458 $860.68M 4.43% 2.58% 2026-06-30
6 MORGAN STANLEY Custodian 3,224,209 $712.55M 3.67% 2.14% 2026-06-30
7 Atreides Management, LP 3,110,086 $687.33M 3.54% 2.06% 2026-06-30
8 JPMORGAN CHASE & CO Custodian 3,100,806 $670.27M 3.45% 2.05% 2026-06-30
9 TIGER GLOBAL MANAGEMENT LLC 2,999,000 $662.78M 3.41% 1.99% 2026-06-30
10 VY Capital Management Co. Ltd. 2,146,825 $474.45M 2.44% 1.42% 2026-06-30
11 BlackRock, Inc. Custodian 2,075,168 $458.61M 2.36% 1.37% 2026-06-30
12 PRICE T ROWE ASSOCIATES INC /MD/ 2,044,623 $451.86M 2.32% 1.35% 2026-06-30
13 VANGUARD PORTFOLIO MANAGEMENT LLC 1,551,946 $342.98M 1.76% 1.03% 2026-06-30
14 VANGUARD CAPITAL MANAGEMENT LLC 1,379,809 $304.94M 1.57% 0.91% 2026-06-30
15 CITADEL ADVISORS LLC Custodian 1,248,170 $275.85M 1.42% 0.83% 2026-06-30
16 BALYASNY ASSET MANAGEMENT L.P. 1,120,356 $247.60M 1.27% 0.74% 2026-06-30
17 Value Aligned Research Advisors, LLC 1,094,722 $241.93M 1.24% 0.73% 2026-06-30
18 HARVARD MANAGEMENT CO INC 1,081,283 $238.96M 1.23% 0.72% 2026-06-30
19 Capital Research Global Investors 883,000 $195.14M 1.00% 0.58% 2026-06-30
20 WELLINGTON MANAGEMENT GROUP LLP Custodian 881,688 $194.85M 1.00% 0.58% 2026-06-30
21 NORGES BANK 846,636 $187.11M 0.96% 0.56% 2026-06-30
22 ADVANCED MICRO DEVICES INC 794,467 $175.58M 0.90% 0.53% 2026-06-30
23 ARK Investment Management LLC 764,613 $168.98M 0.87% 0.51% 2026-06-30
24 UBS Group AG Custodian 565,720 $125.02M 0.64% 0.37% 2026-06-30
25 WASHINGTON UNIVERSITY 551,086 $121.79M 0.63% 0.36% 2026-06-30
32 filers$2.46B notional
# Filer Notional Value % of Total Period
1 JANE STREET GROUP, LLC Custodian $1.10B 44.65% 2026-06-30
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian $462.77M 18.80% 2026-06-30
3 CITADEL ADVISORS LLC Custodian $218.55M 8.88% 2026-06-30
4 Atreides Management, LP $154.70M 6.29% 2026-06-30
5 IMC-Chicago, LLC Custodian $98.26M 3.99% 2026-06-30
6 GROUP ONE TRADING LLC Custodian $86.79M 3.53% 2026-06-30
7 SIMPLEX TRADING, LLC Custodian $43.25M 1.76% 2026-06-30
8 Belvedere Trading LLC $41.06M 1.67% 2026-06-30
9 JPMORGAN CHASE & CO Custodian $40.64M 1.65% 2026-06-30
10 PEAK6 LLC $32.88M 1.34% 2026-06-30
11 Walleye Trading LLC $29.46M 1.20% 2026-06-30
12 Tidal Investments LLC $25.26M 1.03% 2026-06-30
13 Talos Eurisko Asset Management LP $22.10M 0.90% 2026-06-30
14 ExodusPoint Capital Management, LP $19.87M 0.81% 2026-06-30
15 AKUNA SECURITIES LLC $17.75M 0.72% 2026-06-30
16 Meridiem Capital Partners LP $17.68M 0.72% 2026-06-30
17 Caption Management, LLC $8.84M 0.36% 2026-06-30
18 GOLDMAN SACHS GROUP INC Custodian $7.74M 0.31% 2026-06-30
19 Shay Capital LLC $7.74M 0.31% 2026-06-30
20 CenterStar Asset Management, LLC $7.18M 0.29% 2026-06-30
21 Jain Global LLC $5.53M 0.22% 2026-06-30
22 Graham Capital Management, L.P. $5.53M 0.22% 2026-06-30
23 LMR Partners LLP $2.25M 0.09% 2026-06-30
24 MILLENNIUM MANAGEMENT LLC Custodian $1.52M 0.06% 2026-06-30
25 UBS Group AG Custodian $1.44M 0.06% 2026-06-30
23 filers$1.54B notional
# Filer Notional Value % of Total Period
1 JANE STREET GROUP, LLC Custodian $638.42M 41.36% 2026-06-30
2 SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian $543.09M 35.19% 2026-06-30
3 CITADEL ADVISORS LLC Custodian $193.95M 12.57% 2026-06-30
4 IMC-Chicago, LLC Custodian $59.60M 3.86% 2026-06-30
5 Temasek Holdings (Private) Ltd $21.97M 1.42% 2026-06-30
6 SIMPLEX TRADING, LLC Custodian $17.22M 1.12% 2026-06-30
7 Brown University $16.34M 1.06% 2026-06-30
8 AKUNA SECURITIES LLC $11.62M 0.75% 2026-06-30
9 Belvedere Trading LLC $9.37M 0.61% 2026-06-30
10 Walleye Trading LLC $6.94M 0.45% 2026-06-30
11 GROUP ONE TRADING LLC Custodian $5.37M 0.35% 2026-06-30
12 Oribel Capital Management, LP $4.88M 0.32% 2026-06-30
13 SANDLER CAPITAL MANAGEMENT $4.42M 0.29% 2026-06-30
14 CANTOR FITZGERALD, L. P. $2.21M 0.14% 2026-06-30
15 Graham Capital Management, L.P. $2.21M 0.14% 2026-06-30
16 PEAK6 LLC $1.37M 0.09% 2026-06-30
17 Capital Markets Trading UK LLP $1.22M 0.08% 2026-06-30
18 LPL Financial LLC Custodian $1.10M 0.07% 2026-06-30
19 Crawford Fund Management, LLC $663.00K 0.04% 2026-06-30
20 CITIGROUP INC Custodian $552.50K 0.04% 2026-06-30
21 BOOTHBAY FUND MANAGEMENT, LLC $508.30K 0.03% 2026-06-30
22 MAI Capital Management $221.00K 0.01% 2026-06-30
23 Marathon Trading Investment Management LLC $221.00K 0.01% 2026-06-30
Insider Activity
Latest: 2026-09-30
Form 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
2026-09-30 Yagnesh Patel Chief Accounting Officer Sell (S) −1,320 $204.50 -$269.9K EDGAR
2026-09-30 Robert Patrick Komin Jr. Chief Financial Officer Sell (S) −32,500 $203.53 -$6.61M EDGAR
2026-09-30 Dhiraj Mallick Chief Operating Officer Mixed −120,000 $204.04 -$80.80M EDGAR
2026-09-28 Sean Lie Chief Technology Officer Mixed −36,000 $208.97 -$25.08M EDGAR
2026-09-25 Lior Susan Director Other (J) −401,626 — EDGAR
2026-09-23 Eric Vishria Director Other (J) +44,507 — EDGAR
2026-09-23 Andrew D. Feldman CEO, President Other (J) +120 — EDGAR
2026-09-17 Lior Susan Director Other (J) −402,918 — EDGAR
2026-09-10 Eric Vishria Director Other (J) +44,507 — EDGAR
2026-09-08 Steven Vassallo Director Sell (S) −50,000 $210.30 -$10.52M EDGAR
2026-09-08 Sean Lie Chief Technology Officer Mixed −23,357 $210.16 -$11.24M EDGAR
2026-09-08 Andrew D. Feldman CEO, President Mixed +120 $210.46 -$7.88M EDGAR
2026-09-04 Lior Susan Director Other (J) −808,311 — EDGAR
2026-08-26 Benchmark AI Infrastructure Management Co., L.L.C. 10%+ Owner — — — EDGAR
2026-08-26 Eric Vishria Director Other (J) +44,507 — 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.
Insider Holdings
12 insiders · @ $168.33
Officers, directors, and 10%+ owners 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 Lior Susan Director 6,842,638 $1.15B $0 8 2026-09-25
2 Benchmark Founders' Fund IX-B, L.P. 10%+ Owner 2,402,352 $404.39M $0 1 2026-08-19
3 Benchmark Capital Partners VIII, L.P. 10%+ Owner 963,818 $162.24M $0 2 2026-08-26
4 Sean Lie Chief Technology Officer 311,769 $52.48M -$193.79M 6 2026-09-28
5 Eric Vishria Director 275,854 $46.43M -$15.69M 5 2026-09-23
6 Steven Vassallo Director 171,977 $28.95M -$21.42M 5 2026-09-08
7 Foundation Capital VIII, L.P. 10%+ Owner 87,313 $14.70M $0 2 2026-08-25
8 Dhiraj Mallick Chief Operating Officer 68,830 $11.59M -$103.56M 6 2026-09-30
9 Robert Patrick Komin Jr. Chief Financial Officer 27,899 $4.70M -$6.61M 3 2026-09-30
10 Andrew D. Feldman CEO, President 17,779 $2.99M -$64.25M 7 2026-09-23
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.
Notice of Proposed Sale (Form 144)
Latest: 2026-09-29
Last 30d: 6 filings · $135.9M notice value  ·  Last 90d: 14 filings · $391.5M notice value · 6 unique filers · 64% 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. Amendments (Form 144/A) and post-cancellation refilings can inflate this if you sum naively; the rollup above excludes filings with zero stated value.

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: Sean Lie (5, $196.9M) · Dhiraj Mallick (2, $87.7M) · Andrew D. Feldman (3, $63.7M) · Vassallo Family Revocable Trust dated 7/15/02 (2, $21.1M) · Vishria Eric (1, $15.7M)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-09-29 DHIRAJ MALLICK Officer 396,000 $77.91M 2026-09-29 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-09-29 ROBERT KOMIN Officer 32,500 $6.39M 2026-09-29 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-09-25 SEAN LIE Officer 120,000 $24.77M 2026-09-25 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-09-04 ANDREW FELDMAN Director, Officer 37,441 $7.13M 2026-09-04 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-09-04 SEAN LIE Officer 53,460 $10.18M 2026-09-04 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-09-04 Vassallo Family Revocable Trust dated 7/15/02 Director 50,000 $9.52M 2026-09-04 Merrill Lynch — EDGAR
2026-08-21 SEAN LIE Officer, 10% Stockholder 16,293 $3.42M 2026-08-21 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-08-21 ANDREW FELDMAN Director, Officer 237,559 $49.85M 2026-08-21 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-08-20 SEAN LIE Officer 710,247 $153.19M 2026-08-20 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-08-18 Andrew D. Feldman Officer, Director 26,644 $6.71M 2026-08-18 Morgan Stanley Smith Barney LLC … — 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.
ETF Holders
# ETF Provider Weight $ Exposure ETF AUM As Of
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.

TTM Revenue$0.2B
TTM Net Income$-0.5B
TTM EPS$-2.98