CDP COPT Defense Properties

XNYS 33.93 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

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.

CDP $33.93 —
Key stats
$33.93
52-Week Range
$27.05 – $38.90
YTD
+23.43%
IV Rank (30D)
84.37
Straddle Price
$3.17
P/C Vol Ratio
0.14
Market Cap
$3.9B
Open
$34.02
Day Range
$33.83 – $34.36
Volume
549,570
Prev Close
$34.10
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)4.96%
Beta vs SPY0.55
Cost of Equity (CAPM)7.73% (VRP-adj)
WACC7.36%
Volatility Risk Premium+50.9pp (IV − HV30)
Effective Tax Rate0.5%
Rev. Growth (YoY, DCF input)+4.6%
DCF Horizon10 years explicit + fade
Forward Tilt (NTM/TTM)×1.05 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$0.0B
Return on Equity (TTM)10.7%
Book / Price40.7% — banking bias active (P/B is primary)
Gross Margin (TTM)93.4%
FCF Margin (TTM)4.0%
Debt / Equity1.64
Quality Score2/6 — normal (10y DCF)
SMA 50$34.73 (Market Anchor value)
SMA 20 / Bollinger Mid$33.49
Bollinger Width / SMA2012.3% (drives anchor stability)
Net Debt$2.6B
Market Cap$4B
Peers used for multiples: BXP, CUZ, DLR, KRC, PLD, VNO (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
46%
20-Day Fair Value
≈ by Nov 25, 2026
$34.44
α +1.5% rank 39%
conviction
77%
40-Day Fair Value
≈ by Dec 24, 2026
$34.81
α +2.6% rank 34%
conviction
79%
60-Day Fair Value
≈ by Jan 22, 2027
$34.39
α +1.3% rank 37%
conviction
46%
MethodImplied PriceWeightDetail
DCF $-15.90 0%
DDM (Gordon) $41.63 21%
Peer P/E $174.10 8% median 115.6× · 6 peers
Peer EV/EBITDA $37.19 8% median 16.0× · 6 peers
Peer P/B $21.09 8% median 1.5× · 6 peers
Peer P/S $30.87 8% median 4.3× · 6 peers
Market Anchor (SMA50) $34.73 47% stability 88% (BB-width)
Options Expected (B-L 30d) $34.18 0% 6 strikes · skew +0.40
As of 2026-10-27 · updated
About
Industry (SIC)
REAL ESTATE INVESTMENT TRUSTS (6798) · industry map
Exchange
XNYS
Market Cap
$3.9B
Employees
430
List Date
1991-12-23
CIK
0000860546
Next Earnings
2026-10-29 (After-Close)
EPS Forecast
$0.69 (1 est.)
Headquarters
Columbia, MD
Homepage
https://www.copt.com

COPT Defense Properties is a fully-integrated and self-managed real estate investment trust (REIT) focused on owning, operating and developing properties in locations proximate to, or sometimes containing, key U.S. Government (USG) defense installations and missions. The company has two reportable segments: Defense/IT Portfolio; and Other. Defense/IT Portfolio includes sub-segments such as: Fort George G. Meade and the Baltimore/Washington Corridor (Fort Meade/BW Corridor); Redstone Arsenal in Huntsville, Alabama; Northern Virginia Defense/IT Locations (NoVA Defense/IT); Lackland Air Force Bas…

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
'23'24'25'26Avg
Jan---9.03%-4.66%12.08%-0.54%
Feb--3.59%-7.30%3.38%-0.11%
Mar---1.59%2.17%-4.67%-1.36%
Apr--0.97%-4.01%2.19%-0.28%
May--2.92%4.81%3.39%3.71%
Jun--2.29%-0.58%15.01%5.57%
Jul--15.65%-2.61%3.12%5.39%
Aug--2.97%5.50%-4.10%1.46%
Sep-3.95%3.62%0.03%-5.97%-1.57%
Oct-3.02%5.06%-3.56%1.98%*0.11%
Nov5.63%3.13%8.40%--5.72%
Dec0.27%-4.48%-8.82%---4.34%
Total-1.34%25.89%-11.52%27.28%10.08%
* Only 4 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: $33.47
SMA 50: $34.68
SMA 200: $33.53
Current: $33.93
EMA 12: $33.63
EMA 26: $33.84
MACD: -0.2083 | Signal: 0.1734
BEARISH
ADX (14): 32.19
TREND
+DI: 16.81
−DI: 19.31

Momentum Oscillators

RSI (14): 50.92
NEUTRAL
Stoch %K: 83.14
Stoch %D: 80.59
Williams %R: -26.27

Volume & Volatility

BB Upper: $34.10
BB Lower: $32.85
NEUTRAL
OBV: 1,301,467
Vol SMA 20: 842,317
Vol ROC: -22.40%
ATR: $0.62
True Range: $0.53
HV 20: 17.3%
HV 30: 16.1%
HV 60: 15.1%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-29T00:00:00 – 2026-10-27T00:00:00
AI Analysis

Here is my comprehensive stock analysis report for CDP:

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers: Technical trends, options market sentiment, and recent news headlines

Primary Risks: Volatility regime change, potential breakdown below SMA 200

Investment Thesis: CDP's technical indicators suggest a range-bound trading environment, while options market sentiment suggests a moderate bullish bias. Recent news headlines have been generally positive, supporting the stock's current price level.

Recent News Sentiment Impact: Positive news headlines have contributed to the stock's recent upward movement.

Technical Analysis

Trend Direction: Range-bound (Short-term), Neutral (Medium-term), Bullish (Long-term)

Support/Resistance Levels:

  • SMA 20: $37.46
  • SMA 50: $36.29
  • Upper Bollinger Band: $38.60

Momentum Signals:

  • RSI: 48.09 (neutral)
  • MACD: Bullish, with a strong histogram signal
  • Bollinger Bands: Neutral, with a moderate width and no signs of squeezing or mean reversion

Volume Analysis:

  • Volume SMA 20: 860433.89
  • On-Balance Volume (OBV): 18705709.27
  • Volume Rate of Change: 4.05%

News & Sentiment Analysis

Recent Headlines Summary: Positive earnings headlines, neutral news articles about dividend stocks and growth investing

Sentiment Assessment: Neutral to positive overall sentiment from recent news headlines

Catalyst Identification:

  • Earnings release date: No available data
  • Product launches: None reported recently
  • Regulatory changes: None affecting the stock

Market Narrative: Technical signals suggest a range-bound trading environment, while options market sentiment suggests a moderate bullish bias. News headlines have been generally positive, supporting the stock's current price level.

Risk & Volatility Assessment

Beta Interpretation: Low risk relative to the market (beta = 0.16)

Volatility Regime: Low volatility - stock moves less than the market

Options Market Signals:

  • IV Rank: Medium (64.7%)
  • Current IV: 96.0%
  • Expected Move: $3.92 (32 DTE)
  • Volume Flow: Bullish, with more calls than puts
  • Open Interest: Bullish, with a higher number of calls than puts

Downside Protection:

  • Support levels: SMA 20 and SMA 50
  • Risk management considerations: Stop-loss levels below SMA 200

Market Context & Positioning

Sector Performance: CDP's sector has been relatively strong recently

Institutional Activity: Moderate institutional interest, with a slight bias towards buying

Correlation Analysis: CDP moves in tandem with the market (R-squared = 0.11)

Relative Valuation: CDP is positioned within its trading range, with potential for further consolidation or breakout.

Key Levels & Action Items

Critical Price Levels:

  • SMA 20: $37.46
  • Upper Bollinger Band: $38.60

Breakout/Breakdown Levels:

  • Potential breakdown below SMA 200

Time-Sensitive Catalysts: Earnings release date (no available data)

Risk Management: Stop-loss levels below SMA 200, considering position sizing and risk management strategies.

Please let me know if you would like me to elaborate on any of these points or if there are any specific areas you would like me to expand upon.

Generated
News
All CDP news →
Showing 1–10 of 50
Page 1 of 5
Earnings History
12 of 12 under expected move
Avg Expected Move
11.69%
Avg Actual Move
1.83%
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
2023-10-26 After-Close 12.70% 2.17% 0.17x Within
2024-02-08 After-Close 6.25% 2.23% 0.36x Within
2024-04-25 After-Close 13.92% 3.41% 0.24x Within
2024-07-29 After-Close 9.46% 2.87% 0.30x Within
2024-10-28 Pre-Market 16.10% 0.84% 0.05x Within
2025-02-06 After-Close 15.98% 0.77% 0.05x Within
2025-04-28 After-Close 10.30% 4.16% 0.40x Within
2025-07-28 Pre-Market 10.61% 0.29% 0.03x Within
2025-10-30 After-Close 18.67% 3.11% 0.17x Within
2026-02-05 After-Close 7.34% 1.41% 0.19x Within
2026-04-27 Pre-Market 10.90% 0.65% 0.06x Within
2026-07-27 After-Close 8.10% 0.08% 0.01x Within

Earnings calendar: this week’s reports with expected vs actual moves →

CDP Options Activity & IV Rank

CDP IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 43.4%
7-DTE IV: —
Expected Move: $3.17
7-DTE Move: $3.17
Days to Exp: 24 (2026-11-20)

Options Flow

Call Volume: 7
Put Volume: 1
P/C Volume: 0.143
BULLISH
Call OI: 8
Put OI: 1
P/C OI: 0.125
Total OI: 9

ATM Options Pricing

ATM Call: $0.70
ATM Put: $2.48
Call %: 2.1%
Put %: 7.3%

Chain Summary

Chain Volume: 101
Chain OI: 187
Last Updated: 10/27/2026
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.

Dealer Positioning
LOW γ vs HISTORY

Estimated net dealer gamma is at the 16th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
16%
vs own history
GEX tilt
-0.39
OI-weighted, today
Vanna tilt
-0.18
δ-sensitivity to IV
Charm tilt
+0.96
δ-decay vs time
Charm tilt +0.96: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.

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.

· 3 ATM contracts, 0k total OI
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
as of Oct 26 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 26 · ATM 48.8% / 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)84.4HighOct 27
Straddle Price (30 DTE)$3.17Oct 27
Beta Analysis

Risk Metrics

Beta: 0.1197
Alpha: 18.53%
Correlation: 0.0824
R-Squared: 0.7%
Stock Volatility: 18.5%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own CDP
4 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Millennium Management Hedge fund
Izzy Englander
$47.2M
0.03%
#653 of 3716+28.1%13F
Rockefeller Capital Management Family office
Rockefeller family
$21.5M
0.03%
#466 of 4729+8.1%13F
Renaissance Technologies Hedge fund
Jim Simons
$13.5M
0.02%
#901 of 3138+46.4%13F
Citadel Hedge fund
Ken Griffin
$3.9M
0.00%
#2289 of 6285-56.1%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

CDP Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 113,924,000 (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.

339 filers145,269,858 shares$5.08B value127.51% of float
# Filer Shares Value % of Total % of Float Period
1 BlackRock, Inc. Custodian 19,915,482 $724.72M 14.26% 17.48% 2026-06-30
2 Vanguard Group Inc Custodian 17,127,858 $476.15M 9.37% 15.03% 2025-12-31
3 Vanguard Portfolio Management LLC 12,076,995 $439.48M 8.65% 10.60% 2026-06-30
4 AllianceBernstein L.P. 8,880,283 $271.74M 5.35% 7.79% 2026-06-30
5 State Street Corp 6,871,138 $252.14M 4.96% 6.03% 2026-06-30
6 JPMorgan Chase & Co Custodian 6,080,134 $222.97M 4.39% 5.34% 2026-06-30
7 Vanguard Capital Management LLC 5,095,897 $185.44M 3.65% 4.47% 2026-06-30
8 EARNEST PARTNERS LLC 4,420,946 $160.88M 3.16% 3.88% 2026-06-30
9 Geode Capital Management, LLC Custodian 3,465,042 $126.11M 2.48% 3.04% 2026-06-30
10 Channing Capital Management, LLC 2,891,994 $105.24M 2.07% 2.54% 2026-06-30
11 WESTWOOD HOLDINGS GROUP INC 2,840,694 $103.37M 2.03% 2.49% 2026-06-30
12 Charles Schwab Investment Management, Inc. 2,368,640 $86.19M 1.70% 2.08% 2026-06-30
13 Bank of America Corp Custodian 2,309,954 $84.06M 1.65% 2.03% 2026-06-30
14 SEI INVESTMENTS CO Custodian 2,204,679 $80.23M 1.58% 1.94% 2026-06-30
15 Morgan Stanley Custodian 2,089,769 $76.05M 1.50% 1.83% 2026-06-30
16 GRS Advisors, LLC 1,930,934 $70.27M 1.38% 1.69% 2026-06-30
17 Northern Trust Corp Custodian 1,883,872 $68.55M 1.35% 1.65% 2026-06-30
18 Principal Financial Group, Inc. 1,751,745 $63.75M 1.25% 1.54% 2026-06-30
19 Two Sigma Investments, LP Custodian 1,720,245 $62.60M 1.23% 1.51% 2026-06-30
20 Goldman Sachs Group Inc Custodian 1,676,030 $60.99M 1.20% 1.47% 2026-06-30
21 Dimensional Fund Advisors LP Custodian 1,669,150 $60.74M 1.19% 1.47% 2026-06-30
22 AQR Capital Management, LLC Custodian 1,575,072 $57.28M 1.13% 1.38% 2026-06-30
23 Bank of New York Mellon Corp Custodian 1,312,183 $47.75M 0.94% 1.15% 2026-06-30
24 Millennium Management LLC Custodian 1,296,926 $47.20M 0.93% 1.14% 2026-06-30
25 Ameriprise Financial, Inc. Custodian 1,241,459 $45.18M 0.89% 1.09% 2026-06-30
2 filers$4.76M notional
# Filer Notional Value % of Total Period
1 LANDMARK INVESTMENT PARTNERS, L.P. $4.74M 99.54% 2026-06-30
2 GROUP ONE TRADING LLC Custodian $21.83K 0.46% 2026-06-30
2 filers$1.09M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $622.27K 57.00% 2026-06-30
2 Susquehanna International Group, LLP Custodian $469.43K 43.00% 2026-06-30

CDP Insider Trading (Form 4)

Latest: 2026-08-07
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
2026-08-07 Robert L Denton Director Conv (C) −1,000 RSU — EDGAR
2026-08-07 Robert L Denton Director Conv (C) −1,000 RSU — EDGAR
2026-07-30 Robert L Denton Director Conv (C) — — EDGAR
2026-06-26 Robert L Denton Director Conv (C) — — EDGAR
2026-04-30 Robert L Denton Director Conv (C) — — EDGAR
2017-06-21 Steven D Kesler Director Sell (S) −3,637 $35.40 -$128.7K EDGAR
2017-06-07 Robert L Denton Director Mixed −2,000 $34.51 -$69.0K EDGAR
2017-05-19 David M Jacobstein Director Sell (S) −3,118 $33.54 -$104.6K EDGAR
2017-05-19 Robert L Denton Director Sell (S) −3,118 $32.73 -$102.0K EDGAR
2017-05-18 Richard Szafranski Director Award (A) +2,508 — EDGAR
2017-05-18 Thomas F Brady Director Award (A) +2,508 — EDGAR
2017-05-18 Philip L Hawkins Director Award (A) +2,508 — EDGAR
2017-05-18 C Taylor Pickett Director Award (A) +2,508 — EDGAR
2017-05-18 Elizabeth Ann Hight Director Award (A) +2,508 — EDGAR
2017-05-18 Steven D Kesler Director Award (A) +2,508 — 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.

CDP Insider Holdings

1 insider · @ $33.93
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 Robert L Denton Director 2,508 $85.1K -$3.92M 36 2026-08-07
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.

CDP Board & Officers

As of SEC filings through Aug 7, 2026

Directors 8

Officers 4

Changes in the last 10 years (12)
Feb 5, 2024Stephen E Budorick first listed as a director in an SEC filing
Dec 1, 2023Britt A. Snider became EVP & COO
Mar 3, 2023Todd W. Hartman reported in an SEC filing no longer being EVP & COO
Feb 27, 2023Matthew T Myers became Svp-Cao & Controller
Oct 1, 2022Essye B. Miller became a director
May 4, 2022The company announced the departure of Greg J Thor as SVP--CAO & Controller in an SEC filing
Mar 8, 2021Raymond Lee Owens became a director
Dec 1, 2020Todd W. Hartman became EVP & COO
Oct 1, 2020Letitia A Long became a director
Oct 2, 2017Lisa G Trimberger became a director
Feb 9, 2017Stephen E Budorick listed as President & CEO (previously EVP & COO) in SEC filings
Nov 28, 2016Paul R Adkins became Executive Vice President &COO
Not reported recently (6)
  • Thomas F Brady · Last reported as a director in an SEC filing dated May 13, 2024
  • Steven D Kesler · Last reported as a director in an SEC filing dated Dec 14, 2023
  • David M Jacobstein · Last reported as a director in an SEC filing dated Jun 7, 2021
  • Paul R Adkins · Last reported as Executive Vice President &COO in an SEC filing dated Mar 3, 2020
  • Richard Szafranski · Last reported as a director in an SEC filing dated May 18, 2017
  • Elizabeth Ann Hight · Last reported as a director in an SEC filing dated May 18, 2017
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.

CDP Proposed Insider Sales (Form 144)

Latest: 2026-02-23
Last 30d: 0 filings  ·  Last 90d: 0 filings

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.

Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-02-23 PHILIP L. HAWKINS Director 5,536 $181.1K 2026-02-23 Morgan Stanley Smith Barney LLC … — EDGAR
2025-09-17 Trimberger Lisa G Director 3,000 $91.6K 2025-09-17 William Blair & CO — EDGAR
2025-09-17 LISA TRIMBERGER Director 4,896 $150.4K 2025-09-17 Morgan Stanley Smith Barney LLC … — EDGAR
2023-12-20 LISA G TRIMBERGER Director 7,357 $187.4K 2023-12-20 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. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-20
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Accession Link
2026-05-20 0000860546-26-000031 EDGAR
2026-04-27 0000860546-26-000024 EDGAR
2026-02-05 0000860546-26-000007 EDGAR
2026-02-04 0000860546-26-000003 EDGAR
2025-10-30 0000860546-25-000045 EDGAR
2025-10-10 0000860546-25-000042 EDGAR
2025-10-02 0001104659-25-095906 EDGAR
2025-09-29 0001104659-25-094473 EDGAR
2025-09-23 0001104659-25-092336 EDGAR
2025-07-28 0000860546-25-000034 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-20 0000860546-26-000011 EDGAR
2025-02-21 0000860546-25-000008 EDGAR
2024-02-22 0000860546-24-000013 EDGAR
2023-02-24 0000860546-23-000010 EDGAR
2022-02-22 0000860546-22-000013 EDGAR
2021-02-12 0000860546-21-000010 EDGAR
2020-02-19 0000860546-20-000007 EDGAR
2019-02-21 0000860546-19-000007 EDGAR
2018-02-16 0000860546-18-000013 EDGAR
2017-02-17 0000860546-17-000006 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-05-06 0000860546-26-000029 EDGAR
2025-11-04 0000860546-25-000048 EDGAR
2025-07-31 0000860546-25-000038 EDGAR
2025-05-01 0000860546-25-000026 EDGAR
2024-11-04 0000860546-24-000062 EDGAR
2024-08-01 0000860546-24-000054 EDGAR
2024-05-01 0000860546-24-000039 EDGAR
2023-11-03 0000860546-23-000048 EDGAR
2023-08-02 0000860546-23-000036 EDGAR
2023-05-03 0000860546-23-000020 EDGAR
ETF Holders
122 ETFs hold CDP
25 shown · $1.00B total exposure · 0.14% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VNQ Vanguard Real Estate ETF Vanguard 0.22% $143.4M — 2026-09-30
2 IJH iShares Core S&P Mid-Cap ETF iShares (BlackRock) 0.11% $138.5M $122.8B 2026-10-26
3 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.01% $121.2M — 2026-09-30
4 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.14% $101.8M $75.5B 2026-10-26
5 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.05% $85.2M — 2026-09-30
6 VBR Vanguard Morningstar Small-Cap Value ETF Vanguard 0.09% $55.5M — 2026-09-30
7 VXF Vanguard Extended Market ETF Vanguard 0.05% $42.5M — 2026-09-30
8 IWN iShares Russell 2000 Value ETF iShares (BlackRock) 0.27% $37.5M $14.0B 2026-10-26
9 XMMO Invesco S&P MidCap Momentum ETF Invesco 0.49% $32.6M — 2026-10-26
10 MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust SPDR (State Street) 0.11% $28.9M $25.8B 2026-10-26
11 DFAR Dimensional US Real Estate ETF Dimensional 0.31% $26.4M — 2026-10-26
12 SCHH Schwab U.S. REIT ETF Nport 0.26% $25.6M — 2026-05-31
13 VTWO Vanguard Russell 2000 ETF Vanguard 0.13% $22.6M — 2026-09-30
14 SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF SPDR (State Street) 0.11% $20.9M $18.5B 2026-10-26
15 SCHA Schwab U.S. Small-Cap ETF Nport 0.08% $17.4M — 2026-05-31
16 USRT iShares Core U.S. REIT ETF iShares (BlackRock) 0.34% $14.5M $4.2B 2026-10-26
17 FESM Fidelity Enhanced Small Cap Core ETF Fidelity 0.18% $11.8M $6.7B 2026-10-26
18 IJJ iShares S&P Mid-Cap 400 Value ETF iShares (BlackRock) 0.13% $11.4M $8.6B 2026-10-26
19 REET iShares Global REIT ETF iShares (BlackRock) 0.22% $10.6M $4.8B 2026-10-26
20 FNDA Schwab Fundamental U.S. Small Company ETF Nport 0.11% $10.0M — 2026-05-31
21 XMLV Invesco S&P MidCap Low Volatility ETF Invesco 1.35% $9.7M — 2026-10-26
22 IJK iShares S&P Mid-Cap 400 Growth ETF iShares (BlackRock) 0.09% $9.7M $10.4B 2026-10-26
23 DES WisdomTree U.S. SmallCap Dividend Fund Nport 0.38% $8.2M — 2026-06-30
24 DFGR Dimensional Global Real Estate ETF Dimensional 0.20% $7.7M $3.8B 2026-10-26
25 RWR State Street® SPDR® Dow Jones® REIT ETF SPDR (State Street) 0.38% $7.0M $1.8B 2026-10-26
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
23.56
TTM Diluted EPS
$1.44
TTM Revenue
$784.18M
TTM Net Income
$163.38M
TTM Op. Cash Flow
$337.44M
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$197.39M$46.22M$0.40$91.06M
Q1 '262026-03-31$200.64M$38.56M$0.34$96.41M
Q4 '252025-12-31$197.36M$36.88M$0.33$81.32M
Q3 '252025-09-30$188.79M$41.73M$0.37$68.64M
Q2 '252025-06-30$189.91M$38.19M$0.34$87.90M
Q1 '252025-03-31$187.86M$34.74M$0.31$72.08M
Q4 '242024-12-31$183.43M$34.61M$0.31$101.08M
Q3 '242024-09-30$189.22M$36.09M$0.32$65.05M
Q2 '242024-06-30$187.34M$35.11M$0.31$93.83M
Q1 '242024-03-31$193.27M$32.46M$0.29$70.99M
Q4 '232023-12-31$179.73M$34.74M$0.29$66.64M
Q3 '232023-09-30$168.56M$-217.18M$-1.94$68.72M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-03
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
23.56
P/B
2.44
P/S
4.93
EV/EBITDA
15.80
EV/Sales
8.20
ROE
10.3%
ROA
3.6%
Div Yield
3.61%
FCF Yield
8.73%
Debt/Equity
1.64
Current Ratio
—
Market Cap
$3.87B
as of 2026-10-27
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
8.65M
SI % of Float
7.76%
Days to Cover
8.32
Short Vol Ratio
62.8%
Free Float
111.49M
Float %
98.3%
Short interest 2026-09-30 • Short volume 2026-10-27 • Float 2026-08-14