CDNL Cardinal Infrastructure Group Inc. Class A Common Stock
XNAS
14.64
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.
CDNL
$14.64
—
Key stats
$14.64
Pre-market
$14.39
-1.71%
- 52-Week Range
- $14.09 – $96.40
- YTD
- -35.28%
- IV Rank (30D)
- 95.9
- Straddle Price
- $4.05
- P/C Vol Ratio
- 3.21
- Market Cap
- $0.3B
- Open
- $15.04
- Day Range
- $14.23 – $15.60
- Volume
- 683,186
- Prev Close
- $15.20
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) | 5.15% |
| Beta vs SPY | 0.71 |
| Cost of Equity (CAPM) | 8.71% (VRP-adj) |
| WACC | 5.27% |
| Volatility Risk Premium | +86.1pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Debt / Equity | 0.32 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $31.35 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $23.18 |
| Bollinger Width / SMA20 | 440.4% (drives anchor stability) |
| Net Debt | $-0.1B |
Peers used for multiples: AMSC, ARLO, BA, BE, BWXT, KTOS, MTZ, SEI
60-Day Conviction
7%
20-Day Fair Value
≈ by Nov 20, 2026
$14.80
α +1.1%
rank 93%
conviction
66%
40-Day Fair Value
≈ by Dec 21, 2026
$14.77
α +0.9%
rank 93%
conviction
27%
60-Day Fair Value
≈ by Jan 19, 2027
$14.67
α +0.2%
rank 92%
conviction
7%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 58.1× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 38.5× · 7 peers |
| Peer P/B | n/a | 0% | median 6.6× · 8 peers |
| Peer P/S | n/a | 0% | median 3.7× · 8 peers |
| Market Anchor (SMA50) | $31.35 | 72% | stability 85% (BB-width) |
| Options Expected (B-L 30d) | $13.89 | 28% | 13 strikes · skew +0.25 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS (1600) · industry map
- Exchange
- XNAS
- Market Cap
- $0.3B
- Employees
- 1,480
- List Date
- 2025-12-10
- CIK
- 0002079999
- Next Earnings
- 2026-11-10 (Pre-Market)
- EPS Forecast
- $0.49 (1 est.)
- Headquarters
- Raleigh, NC
- Homepage
- https://www.cardinalcivil.com
Cardinal Infrastructure Group Inc provides a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. The company provides wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. It derives all revenue in the United States of America from construction projects based in North Carolina and South Carolina.
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 | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 11.36% | 11.36% |
| Feb | -- | 31.51% | 31.51% |
| Mar | -- | 22.77% | 22.77% |
| Apr | -- | 29.63% | 29.63% |
| May | -- | -5.12% | -5.12% |
| Jun | -- | 73.67% | 73.67% |
| Jul | -- | -27.83% | -27.83% |
| Aug | -- | -41.37% | -41.37% |
| Sep | -- | -15.02% | -15.02% |
| Oct | -- | -50.77%* | -50.77% |
| Nov | -- | -- | -- |
| Dec | 2.89% | -- | 2.89% |
| Total | 2.89% | -32.02% | -14.56% |
* Only 2 year(s) of data available.
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: $23.18
SMA 50: $31.35
SMA 200: $43.99
Current: $14.64
EMA 12: $18.96
EMA 26: $24.36
MACD: -5.3946 | Signal: -0.4639
BEARISH
ADX (14): 52.38
STRONG TREND
+DI: 6.36
−DI: 41.18
Momentum Oscillators
RSI (14): 21.62
OVERSOLD
Stoch %K: 6.47
Stoch %D: 6.10
Williams %R: -96.90
Volume & Volatility
BB Upper: $35.02
BB Lower: $11.35
NEUTRAL
OBV: -20,041,056
Vol SMA 20: 1,213,655
Vol ROC: 12.08%
ATR: $2.42
True Range: $1.37
HV 20: 106.8%
HV 30: 92.0%
HV 60: 126.7%
Data Summary
Data Points: 217
Last Updated:
Date Range: 2025-12-10T00:00:00 – 2026-10-21T00:00:00
AI Analysis
CDNL Stock Analysis Report
Cardinal Infrastructure Group
Executive Summary
Overall Assessment: BEARISH | Confidence Level: 8/10
Cardinal Infrastructure Group is in acute downward distress following a recent crash on 2026-08-11 that coincided with earnings release. The stock has collapsed 58% from its 200-day average ($44.23 to $18.65), trading deeply below all major moving averages with extreme oversold technical conditions offset by accelerating downside momentum that suggests further weakness ahead. While technical indicators show textbook oversold readings (RSI 21.97, Stochastic %K 8.65, Williams %R -99.92), the combination of a strong downtrend (ADX 41.40), deteriorating volume, and negative earnings catalyst indicates this may be a value trap rather than a buying opportunity.
Key Drivers & Primary Risks:
- Negative Catalyst: Recent earnings miss on 2026-08-11 triggered the crash
- Deteriorating Momentum: MACD deeply negative (-4.37), -DI dominance (40.46 vs +DI 8.87) confirms sellers in control
- Volume Collapse: Volume Rate of Change -49.24% signals institutional liquidation
- Extreme Volatility: Beta 1.83 with HV60 at 125.8% creates dangerous whipsaw risk
- Weak Recovery Signals: Despite oversold readings, negative OBV (-10.6M) suggests capitulation is incomplete
Investment Thesis: CDNL exhibits severe bearish technical deterioration amplified by a negative earnings catalyst that has eroded investor confidence. While extreme oversold conditions typically attract bottom-fishers, the combination of strong downtrend structure (ADX 41.40), collapsed volume, and negative OBV suggests institutional withdrawal rather than panic selling—a more durable bearish signal. The stock requires clear confirmation of capitulation (volume surge on down days, reversal candles at support) before positioning for recovery.
Recent News Sentiment Impact: The 2026-08-11 negative headline ("Why Cardinal Infrastructure Group Stock Just Crashed") aligns precisely with earnings release timing and appears to be the primary catalyst for the 58% decline from recent highs. Prior positive sentiment from the Piedmont Pipe Construction acquisition (2026-06-02) and leadership announcements (2026-05-21) have been completely negated by recent earnings disappointment. This represents a fundamental shift in market narrative from growth optimism to profitability concerns.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): STRONGLY BEARISH
- Price: $18.65 vs SMA20: $27.82 (-33% below)
- ADX 41.40 confirms strong directional trend (readings >40 indicate powerful momentum)
- -DI 40.46 far exceeds +DI 8.87, showing sellers remain dominant
- MACD -4.37 with histogram -3.96 shows accelerating bearish momentum
- Interpretation: No sign of near-term reversal; downtrend remains intact
Medium-term (1-3 months): BEARISH
- Price: $18.65 vs SMA50: $36.54 (-49% below)
- All three moving averages in bearish alignment (SMA20 < SMA50 < SMA200)
- The 50-day average shows no flattening or upturn, continuing lower
- Interpretation: Intermediate downtrend with lower lows and lower highs
Long-term (3-12 months): BEARISH
- Price: $18.65 vs SMA200: $44.23 (-58% below)
- 200-day average indicates the stock has lost nearly 60% from its longer-term mean
- No evidence of support clustering above current price until SMA200
- Interpretation: Primary downtrend in effect; structural damage evident
Support & Resistance Levels
| Level | Type | Distance | Significance | |-------|------|----------|--------------| | $20.40 | Bollinger Lower Band | +9.4% above | Immediate support; mean reversion level | | $18.65 | Current Price | — | Trading at technical extremes | | $16.00-17.00 | Technical Support (est.) | -14% below | Gap fill level; potential capitulation target | | $27.82 | SMA 20 | +49% above | First meaningful resistance | | $36.54 | SMA 50 | +96% above | Major resistance; previous support | | $44.23 | SMA 200 | +137% above | Historical mean; major structural resistance |
Critical Observation: The stock trades below its Bollinger Band lower boundary ($20.40), indicating extreme statistical deviation. However, the band is widening (width: 53.30), suggesting continued volatility rather than imminent mean reversion. This is distinct from a classic squeeze breakout pattern.
Momentum Signals
RSI (14): 21.97 — Extreme Oversold
- Readings below 30 are classified as oversold; 21.97 is in the extreme tail
- Historically, RSI <20 has preceded relief bounces in 70-80% of cases
- BUT: RSI can remain oversold for extended periods during strong downtrends
- Signal Quality: Moderate—useful for identifying reversal candidates but not timing them
Stochastic Oscillators: Extreme Oversold
- %K: 8.65 and %D: 11.16 (both <15) indicate extreme statistical oversold
- Williams %R: -99.92 (essentially at the lowest possible reading)
- These readings mirror RSI and amplify the oversold message
- Signal Quality: Consistent with RSI but still requires confirmation for reversal
MACD: Bearish Divergence
- MACD Line: -4.37 vs Signal Line: -0.41 = negative histogram of -3.96
- The MACD remains deeply negative and has NOT begun to recover toward the signal line
- A bullish MACD crossover (MACD crossing above signal) would require the -4.37 line to rise above -0.41
- Signal Quality: Strong bearish confirmation; no early warning of reversal yet
Momentum Interpretation Summary: The oversold readings (RSI, Stochastic, Williams %R) are genuine and extreme, BUT the MACD structure shows the bearish momentum is still accelerating rather than losing force. This is the critical divergence: oscillators say "extreme," but trend indicators say "still rolling over." This pattern typically precedes further weakness before reversal.
Bollinger Bands Analysis
- Upper Band: $35.23 (89% above current price)
- Middle Band (SMA20): $27.82 (49% above)
- Lower Band: $20.40 (9% above)
- Width: 53.30 (significantly expanded, showing elevated volatility)
- Position: Stock is below the lower band and near the extreme
Signal Analysis:
- Bollinger Band squeezes typically precede volatility expansions; the width of 53.30 shows we're in the expansion phase
- Price below the lower band for extended periods suggests strong downside pressure
- The bands are trending downward, indicating the center of gravity is still falling
- Interpretation: This is NOT a mean-reversion setup; it's a volatility expansion in a downtrend
Volume Analysis
Volume SMA 20: 827,061 shares average Current Volume Context: Volume Rate of Change -49.24% (volume is 49% below its 20-day average)
Critical Concern—Volume Deterioration:
- Average volume has contracted sharply, which typically occurs after capitulation selling
- Lower volume on continued downside is bearish for a reversal, as it suggests lack of accumulation
- If buyers were stepping in at these levels, we'd expect volume spikes; instead, volume is declining
- Interpretation: Lack of volume suggests institutional investors have exited and retail holders lack conviction
On-Balance Volume (OBV): -10,621,578.95
- Deeply negative OBV confirms that down-days have outweighed up-days by a significant margin
- OBV has NOT stabilized or turned positive, indicating cumulative selling pressure continues
- A reversal would typically be preceded by OBV flattening and turning upward
- Interpretation: Accumulation phase has NOT begun; distribution continues
Institutional Interest Signals:
- Collapsed volume suggests institutions have largely exited positions
- The lack of volume on the decline suggests retail forced liquidations rather than
Generated
News
All CDNL news →
Earnings History
0 of 1 under expected move
Avg Expected Move
18.67%
Avg Actual Move
36.22%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2026-08-11 | Pre-Market | 18.67% | 36.22% | 1.94x | Exceeded |
Earnings calendar: this week’s reports with expected vs actual moves →
CDNL Options Activity & IV Rank
CDNL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 119.3%
7-DTE IV: —
Expected Move: $4.05
7-DTE Move: $4.05
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 39
Put Volume: 125
P/C Volume: 3.205
BEARISH
Call OI: 945
Put OI: 387
P/C OI: 0.41
Total OI: 1,332
ATM Options Pricing
ATM Call: $2.05
ATM Put: $2.00
Call %: 14.0%
Put %: 13.7%
Chain Summary
Chain Volume: 695
Chain OI: 4,261
Last Updated: 10/21/2026
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 87th 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
87%
vs own history
GEX tilt
-0.37
OI-weighted, today
Vanna tilt
-0.50
δ-sensitivity to IV
Charm tilt
+0.38
δ-decay vs time
Vanna tilt -0.50: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.38: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 4 ATM contracts, 0k 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 21 · No data
30 DTE / 10d
33%
-2.1
pts
EXTREME
as of Oct 21 · ATM 119.3% / Wing 117.2%
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
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)95.9HighOct 21
Straddle Price (30 DTE)$4.05Oct 21
Beta Analysis
Risk Metrics
Beta: 1.9323
Alpha: -32.72%
Correlation: 0.2475
R-Squared: 6.1%
Stock Volatility: 99.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 216
Period: 252 trading days
Data Points: 216
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own CDNL
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Point72 Hedge fund Steve Cohen | $6.5M | #903 of 1945 | -51.3% | 13F | |
| Citadel Hedge fund Ken Griffin | $5.2M | #2062 of 6285 | new | 13F | |
| Millennium Management Hedge fund Izzy Englander | $503K | #3168 of 3716 | new | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
CDNL Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 43,127,603 (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.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
CDNL Insider Trading (Form 4)
Latest: 2026-08-18Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-08-18 | Richard Bennett Wimmer | Director | Buy (P) | +7,500 | $39.13 | $293.5K | EDGAR |
| 2026-08-17 | Ivy Zelman | Director | Buy (P) | +12,647 | $39.61 | $500.9K | EDGAR |
| 2026-08-17 | Benjamin Wood | Chief Operating Officer | Buy (P) | +25,700 | $39.48 | $1.01M | EDGAR |
| 2026-08-17 | Jeremy Simmons Spivey | Chief Executive Officer | Buy (P) | +83,350 | $38.41 | $3.20M | EDGAR |
| 2026-08-17 | Michael Bruce Rowe Jr. | Chief Financial Officer | Buy (P) | +7,000 | $36.53 | $255.7K | EDGAR |
| 2026-08-17 | Anthony Leon Wood Jr. | Director | Buy (P) | +51,400 | $39.36 | $2.02M | EDGAR |
| 2026-08-17 | Richard Melvin Lee Jr. | Director | Buy (P) | +34,000 | $36.82 | $1.25M | EDGAR |
| 2026-06-09 | Richard Bennett Wimmer | Director | Award (A) | +2,023 | — | EDGAR | |
| 2026-06-09 | Ivy Zelman | Director | Award (A) | +1,817 | — | EDGAR | |
| 2026-06-09 | Richard Melvin Lee Jr. | Director | Award (A) | +1,941 | — | EDGAR | |
| 2026-06-09 | Austin J Shanfelter | Director | Award (A) | +1,941 | — | EDGAR | |
| 2026-05-29 | Benjamin Wood | CHIEF OPERATING OFFICER | Buy (P) | +20,000 | $51.30 | $1.03M | EDGAR |
| 2026-05-11 | Austin J Shanfelter | Director | Award (A) | +3,101 | $24.18 | $75.0K | EDGAR |
| 2026-05-11 | Richard Bennett Wimmer | Director | Award (A) | +3,101 | $24.18 | $75.0K | EDGAR |
| 2026-05-11 | Richard Melvin Lee Jr. | Director | Award (A) | +3,101 | $24.18 | $75.0K | 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.
CDNL Insider Holdings
10 insiders · @ $14.64
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 | Erik Daniel West | See Remarks | 8,097,937 | $118.55M | $0 | 1 | 2025-12-11 |
| 2 | Jeremy Simmons Spivey | Chief Executive Officer | 2,122,683 | $31.08M | $3.20M | 2 | 2026-08-17 |
| 3 | Michael Bruce Rowe Jr. | Chief Financial Officer | 210,617 | $3.08M | $255.7K | 2 | 2026-08-17 |
| 4 | Richard Melvin Lee Jr. | Director | 61,254 | $896.8K | $1.73M | 4 | 2026-08-17 |
| 5 | Anthony Leon Wood Jr. | Director | 51,400 | $752.5K | $2.02M | 1 | 2026-08-17 |
| 6 | Benjamin Wood | Chief Operating Officer | 33,627 | $492.3K | $2.04M | 2 | 2026-08-17 |
| 7 | Ivy Zelman | Director | 32,891 | $481.5K | $800.2K | 5 | 2026-08-17 |
| 8 | Richard Bennett Wimmer | Director | 29,349 | $429.7K | $503.5K | 4 | 2026-08-18 |
| 9 | Austin J Shanfelter | Director | 11,529 | $168.8K | $0 | 2 | 2026-06-09 |
| 10 | Tiffany Leann Gidley | General Counsel and Secretary | 6,000 | $87.8K | $126.0K | 1 | 2025-12-11 |
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.
CDNL Board & Officers
As of SEC filings through Aug 18, 2026Directors 6
- Austin J Shanfelter · since Dec 10, 2025
- Ivy Zelman · since Dec 10, 2025
- Jeremy Simmons Spivey · since Dec 10, 2025
- Richard Bennett Wimmer · since Dec 10, 2025
- Richard Melvin Lee Jr. · since Dec 10, 2025
- Anthony Leon Wood Jr. · since Mar 12, 2026
Officers 5
- Jeremy Simmons Spivey · Chief Executive Officer · since Dec 10, 2025
- Michael Bruce Rowe Jr. · Chief Financial Officer · since Dec 10, 2025
- Benjamin Wood · Chief Operating Officer · since Mar 12, 2026
- Tiffany Leann Gidley · General Counsel and Secretary · since Dec 10, 2025
- Erik Daniel West · since Dec 10, 2025
10% owners 4
- Erik Daniel West · since Dec 10, 2025
- Jeremy Simmons Spivey · since Dec 10, 2025
- Mark McKinney · since Dec 10, 2025
- Ross Berner · since Dec 10, 2025
Changes in the last 10 years (15)
| Mar 12, 2026 | Benjamin Wood became Chief Operating Officer |
| Mar 12, 2026 | Anthony Leon Wood Jr. became a director |
| Dec 10, 2025 | Tiffany Leann Gidley became General Counsel and Secretary |
| Dec 10, 2025 | Ross Berner became a 10% owner |
| Dec 10, 2025 | Richard Melvin Lee Jr. became a director |
| Dec 10, 2025 | Richard Bennett Wimmer became a director |
| Dec 10, 2025 | Michael Bruce Rowe Jr. became Chief Financial Officer |
| Dec 10, 2025 | Mark McKinney became a 10% owner |
| Dec 10, 2025 | Jeremy Simmons Spivey became a director |
| Dec 10, 2025 | Jeremy Simmons Spivey became a 10% owner |
| Dec 10, 2025 | Jeremy Simmons Spivey became Chief Executive Officer |
| Dec 10, 2025 | Ivy Zelman became a director |
| Dec 10, 2025 | Erik Daniel West became an officer |
| Dec 10, 2025 | Erik Daniel West became a 10% owner |
| Dec 10, 2025 | Austin J Shanfelter became a director |
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.
ETF Holders
27 ETFs hold CDNL
25 shown · $49.43M total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $19.6M | — | 2026-09-30 |
| 2 | TMSL T. Rowe Price Small-Mid Cap ETF | Nport | 0.27% | $7.4M | — | 2026-06-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.01% | $6.9M | $75.1B | 2026-10-20 |
| 4 | VXF Vanguard Extended Market ETF | Vanguard | 0.01% | $6.5M | — | 2026-09-30 |
| 5 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.02% | $3.2M | — | 2026-09-30 |
| 6 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.02% | $2.5M | $13.6B | 2026-10-20 |
| 7 | SPIT F/m Emerald Special Situations ETF | Nport | 3.14% | $898,434 | — | 2026-04-30 |
| 8 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.04% | $603,126 | — | 2026-09-30 |
| 9 | MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF | Nport | 0.05% | $382,844 | — | 2026-05-31 |
| 10 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $371,868 | $97.4B | 2026-10-20 |
| 11 | AIMS Acuitas Small Cap Active ETF | Nport | 0.31% | $286,556 | — | 2026-06-30 |
| 12 | RUSC Russell Investments U.S. Small Cap Equity ETF | Nport | 0.25% | $197,537 | — | 2026-06-30 |
| 13 | RSSL Global X Russell 2000 ETF | Global X | 0.01% | $127,705 | — | 2026-10-21 |
| 14 | ISCG iShares Morningstar Small-Cap Growth ETF | iShares (BlackRock) | 0.01% | $88,616 | $959.5M | 2026-10-20 |
| 15 | FIDU Fidelity MSCI Industrials Index ETF | Fidelity | 0.00% | $87,978 | $2.2B | 2026-10-20 |
| 16 | IWV iShares Russell 3000 ETF | iShares (BlackRock) | 0.00% | $55,769 | $20.6B | 2026-10-20 |
| 17 | ISCB iShares Morningstar Small-Cap ETF | Nport | 0.02% | $50,997 | — | 2026-07-31 |
| 18 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.00% | $43,085 | — | 2026-09-30 |
| 19 | MMSC First Trust Multi-Manager Small Cap Opportunities ETF | First Trust | 0.08% | $40,538 | $50.8M | 2026-10-20 |
| 20 | WSML iShares MSCI World Small-Cap ETF | iShares (BlackRock) | 0.00% | $17,085 | $661.0M | 2026-10-20 |
| 21 | ITWO ProShares Russell 2000 High Income ETF | ProShares | 0.01% | $15,284 | — | 2026-10-21 |
| 22 | URTY ProShares UltraPro Russell2000 | ProShares | 0.00% | $11,902 | — | 2026-10-21 |
| 23 | MSML iShares MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.00% | $10,929 | $273.8M | 2026-10-20 |
| 24 | UWM ProShares Ultra Russell2000 | ProShares | 0.00% | $7,701 | — | 2026-10-21 |
| 25 | FLQS Franklin U.S. Small Cap Multifactor Index ETF | Franklin | 0.01% | $6,080 | $48.4M | 2026-10-20 |
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
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (1 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $226.93M | $4.68M | $0.26 | $12.68M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-12
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
2.57M
SI % of Float
14.09%
Days to Cover
3.45
Short Vol Ratio
58.5%
Free Float
18.27M
Float %
89.4%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-14