CMRC Commerce.com, Inc. Series 1 Common Stock

XNAS 3.49 Delayed
Find condors

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.

CMRC $3.49 —
Key stats
$3.49
52-Week Range
$1.95 – $5.54
YTD
-14.04%
IV Rank (30D)
11.79
Straddle Price
$6.08
P/C Vol Ratio
0.00
Market Cap
$0.3B
Open
$3.50
Day Range
$3.45 – $3.52
Volume
33,071
Prev Close
$3.53
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)4.96%
Beta vs SPY0.93
Cost of Equity (CAPM)9.60% (VRP-adj)
WACC8.24%
Volatility Risk Premium+79.6pp (IV − HV30)
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)-1.8%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$0.0B
Return on Equity (TTM)-11.2%
Book / Price17.9%
Gross Margin (TTM)77.2%
FCF Margin (TTM)5.6%
Debt / Equity2.95
Quality Score2/6 — normal (10y DCF)
Market-Implied Growth+4.1% (reverse-DCF on current price)
SMA 50$3.03 (Market Anchor value)
SMA 20 / Bollinger Mid$3.40
Bollinger Width / SMA20638.3% (drives anchor stability)
Net Debt$0.1B
Market Cap$0B
Peers used for multiples: GDDY, GLBE, NTES, QLYS, SHOP, SSTK, TRIP, VTEX
60-Day Conviction
7%
20-Day Fair Value
≈ by Nov 25, 2026
$3.49
α -0.1% rank 71%
conviction
4%
40-Day Fair Value
≈ by Dec 24, 2026
$3.45
α -1.2% rank 71%
conviction
40%
60-Day Fair Value
≈ by Jan 22, 2027
$3.49
α -0.2% rank 71%
conviction
7%
MethodImplied PriceWeightDetail
DCF $2.14 27%
DDM (Gordon) n/a 0%
Peer P/E n/a 0% median 74.4× · 4 peers
Peer EV/EBITDA $1.97 8% median 12.3× · 5 peers
Peer P/B $8.44 11% median 13.3× · 5 peers
Peer P/S $11.91 11% median 2.8× · 5 peers
Market Anchor (SMA50) $3.03 43% stability 79% (BB-width)
Options Expected (B-L 30d) n/a 0%
As of 2026-10-27 · updated
About
Industry (SIC)
SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
Exchange
XNAS
Market Cap
$0.3B
Employees
1,079
List Date
2020-08-05
CIK
0001626450
Next Earnings
2026-11-05 (Pre-Market)
EPS Forecast
($0.03) (2 est.)
Headquarters
Austin, TX
Homepage
https://www.bigcommerce.com

Commerce.com Inc is engaged in offering a Software-as-a-Service (SaaS) e-commerce platform. The company's SaaS platform engages in the creation of online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. It powers both the customers' branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems. The group operates in a single segment covering geographical areas of Americas-U.S.; Americas-other; EMEA; and APAC, of which the majority of its revenue is generated from Ameri…

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
'25'26Avg
Jan---23.15%-23.15%
Feb---12.85%-12.85%
Mar---5.32%-5.32%
Apr--4.81%4.81%
May---0.32%-0.32%
Jun---9.48%-9.48%
Jul--0.64%0.64%
Aug3.56%-23.97%-10.21%
Sep10.89%33.90%22.39%
Oct-5.51%7.87%*1.18%
Nov-0.86%---0.86%
Dec-9.45%---9.45%
Total-2.59%-33.72%-18.16%
* 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: $3.42
SMA 50: $3.06
SMA 200: $2.95
Current: $3.50
EMA 12: $3.51
EMA 26: $3.38
MACD: 0.1301 | Signal: -0.0107
BULLISH
ADX (14): 34.78
TREND
+DI: 28.22
−DI: 13.81

Momentum Oscillators

RSI (14): 54.41
NEUTRAL
Stoch %K: 44.22
Stoch %D: 50.55
Williams %R: -61.59

Volume & Volatility

BB Upper: $3.77
BB Lower: $3.08
NEUTRAL
OBV: 6,029,930
Vol SMA 20: 598,950
Vol ROC: -94.31%
ATR: $0.21
True Range: $0.08
HV 20: 66.0%
HV 30: 59.4%
HV 60: 107.7%

Data Summary

Data Points: 311
Last Updated:
Date Range: 2025-08-01T00:00:00 – 2026-10-26T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

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

Key Drivers:

  • Technical signals indicate overbought conditions, with RSI above 70.
  • MACD is bearish, suggesting a potential reversal.
  • Bollinger Bands are overbought, indicating a need for mean reversion.

Primary Risks:

  • High volatility and beta (1.07) suggest amplified market movements.
  • Options activity indicates bullish sentiment, but IV rank is relatively low.

Recent News Sentiment Impact: NEUTRAL

Technical Analysis

Trend Direction: Neutral to Bearish Short-term (1-4 weeks), Medium-term (1-3 months)

Support/Resistance Levels:

  • SMA 20: $2.43
  • SMA 50: $2.71
  • Upper Bollinger Band: $3.04

Momentum Signals:

  • RSI interpretation: Overbought (>70)
  • MACD signal: Bearish (below signal line)
  • Bollinger Bands position: Overbought (squeeze)

Volume Analysis: Volume is decreasing, indicating potential exhaustion.

News & Sentiment Analysis

Recent Headlines Summary: Negative news sentiment from recent articles, with a focus on Commerce.com's Q2 results and the unsolicited proposal from Rezolve Ai.

Sentiment Assessment: NEUTRAL

Catalyst Identification: Earnings data is not available, but upcoming events could impact stock performance.

Market Narrative: News headlines contradict technical signals, suggesting potential mean reversion.

Risk & Volatility Assessment

Beta Interpretation: High-risk stock with a beta of 1.07.

Volatility Regime: Above-average volatility.

Options Market Signals: IV rank is low, indicating relatively low volatility expectations. Put/call ratios suggest bullish sentiment.

Downside Protection: Support levels and risk management considerations:

  • SMA 20: $2.43
  • Lower Bollinger Band: $1.81

Market Context & Positioning

Sector Performance: Commerce.com is a standalone stock, not part of a specific sector.

Institutional Activity: Volume patterns suggest institutional interest is moderate.

Correlation Analysis: Stock moves with market amplification (correlation: 0.19).

Relative Valuation: Position within trading range:

  • Upper Bollinger Band: $3.04
  • Lower Bollinger Band: $1.81

Key Levels & Action Items

Critical Price Levels:

  • SMA 20: $2.43
  • SMA 50: $2.71
  • Upper Bollinger Band: $3.04

Breakout/Breakdown Levels:

  • SMA 200: $3.10 (breakout above)
  • Lower Bollinger Band: $1.81 (breakdown below)

Time-Sensitive Catalysts: Earnings data is not available, but upcoming events could impact stock performance.

Risk Management: Stop-loss levels and position sizing considerations:

  • SMA 20: $2.43
  • SMA 50: $2.71

Please note that this report provides an objective analysis of the provided data, without offering buy or sell recommendations.

Generated
Earnings History
3 of 4 under expected move
Avg Expected Move
24.94%
Avg Actual Move
16.61%
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
2025-11-06 Pre-Market 20.88% 0.64% 0.03x Within
2026-02-12 Pre-Market 23.72% 10.22% 0.43x Within
2026-05-07 Pre-Market 19.97% 23.61% 1.18x Exceeded
2026-08-06 Pre-Market 35.19% 31.96% 0.91x Within

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

CMRC Options Activity & IV Rank

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

Volatility Metrics

Current IV: 103.3%
7-DTE IV: —
Expected Move: $6.08
7-DTE Move: $6.08
Days to Exp: 24 (2026-11-20)

Options Flow

Call Volume: 7
Put Volume: 0
P/C Volume: —
BULLISH
Call OI: 13
Put OI: 0
P/C OI: —
Total OI: 13

ATM Options Pricing

ATM Call: $1.07
ATM Put: $5.00
Call %: 30.8%
Put %: 143.3%

Chain Summary

Chain Volume: 230
Chain OI: 5,317
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
TYPICAL γ

Estimated net dealer gamma is at the 41st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
41%
vs own history
GEX tilt
+0.20
OI-weighted, today
Vanna tilt
-0.01
δ-sensitivity to IV
Charm tilt
-0.16
δ-decay vs time

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.

· 5 ATM contracts, 1k 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 158.3% / 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)11.8LowOct 27
Straddle Price (30 DTE)$6.08Oct 27
Beta Analysis

Risk Metrics

Beta: 1.0685
Alpha: -16.41%
Correlation: 0.1806
R-Squared: 3.3%
Stock Volatility: 75.1%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own CMRC
3 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Renaissance Technologies Hedge fund
Jim Simons
$3.7M
0.01%
#1627 of 3138-1.1%13F
Citadel Hedge fund
Ken Griffin
$503K
0.00%
#4460 of 6285-56.2%13F
Point72 Hedge fund
Steve Cohen
$52K
0.00%
#1874 of 1945-93.4%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

CMRC Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 81,540,250 (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.

155 filers68,202,736 shares$210.92M value83.64% of float
# Filer Shares Value % of Total % of Float Period
1 Vanguard Group Inc Custodian 7,803,109 $32.15M 15.24% 9.57% 2025-12-31
2 Lynrock Lake LP 9,266,666 $27.43M 13.00% 11.36% 2026-06-30
3 BlackRock, Inc. Custodian 5,520,205 $16.34M 7.75% 6.77% 2026-06-30
4 Vanguard Portfolio Management LLC 4,724,240 $13.98M 6.63% 5.79% 2026-06-30
5 Divisar Capital Management LLC 3,142,845 $9.30M 4.41% 3.85% 2026-06-30
6 ACADIAN ASSET MANAGEMENT LLC 3,116,400 $9.22M 4.37% 3.82% 2026-06-30
7 Pale Fire Capital SE 3,054,890 $9.04M 4.29% 3.75% 2026-06-30
8 Vanguard Capital Management LLC 3,039,302 $9.00M 4.27% 3.73% 2026-06-30
9 AQR Capital Management, LLC Custodian 2,358,569 $6.98M 3.31% 2.89% 2026-06-30
10 Ameriprise Financial, Inc. Custodian 1,930,519 $5.71M 2.71% 2.37% 2026-06-30
11 Geode Capital Management, LLC Custodian 1,858,023 $5.50M 2.61% 2.28% 2026-06-30
12 S SQUARED TECHNOLOGY, LLC 1,599,142 $4.73M 2.24% 1.96% 2026-06-30
13 State Street Corp 1,437,291 $4.25M 2.02% 1.76% 2026-06-30
14 Connor, Clark & Lunn Investment Management Ltd. 1,375,848 $4.07M 1.93% 1.69% 2026-06-30
15 RENAISSANCE TECHNOLOGIES LLC 1,237,800 $3.66M 1.74% 1.52% 2026-06-30
16 MONIMUS CAPITAL MANAGEMENT, LP 1,067,329 $3.16M 1.50% 1.31% 2026-06-30
17 COMMERCE BANK 1,000,000 $2.96M 1.40% 1.23% 2026-06-30
18 Marshall Wace, LLP Custodian 910,392 $2.69M 1.28% 1.12% 2026-06-30
19 P.A.W. CAPITAL CORP 900,000 $2.66M 1.26% 1.10% 2026-06-30
20 SEGALL BRYANT & HAMILL, LLC 824,473 $2.44M 1.16% 1.01% 2026-06-30
21 Goldman Sachs Group Inc Custodian 818,882 $2.42M 1.15% 1.00% 2026-06-30
22 Northern Trust Corp Custodian 612,961 $1.81M 0.86% 0.75% 2026-06-30
23 Charles Schwab Investment Management, Inc. 570,023 $1.69M 0.80% 0.70% 2026-06-30
24 Potrero Capital Research LLC 562,424 $1.66M 0.79% 0.69% 2026-06-30
25 Legal & General Group Plc Custodian 527,084 $1.56M 0.74% 0.65% 2026-06-30
3 filers$211.94K notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $120.18K 56.70% 2026-06-30
2 Susquehanna International Group, LLP Custodian $51.80K 24.44% 2026-06-30
3 Citadel Advisors LLC Custodian $39.96K 18.85% 2026-06-30
2 filers$190.03K notional
# Filer Notional Value % of Total Period
1 Crawford Fund Management, LLC $148.00K 77.88% 2026-06-30
2 Citadel Advisors LLC Custodian $42.03K 22.12% 2026-06-30

CMRC Insider Trading (Form 4)

Latest: 2026-10-23
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
2026-10-23 Daniel Lentz CFO & COO Tax (F) −1,724 $3.62 -$6.2K EDGAR
2026-10-23 Charles D Cassidy General Counsel and Secretary Tax (F) −406 $3.62 -$1.5K EDGAR
2026-10-23 Hubert S Ban Chief Accounting Officer Tax (F) −388 $3.62 -$1.4K EDGAR
2026-10-23 Christopher Travis Hess Chief Exec Officer Tax (F) −3,448 $3.62 -$12.5K EDGAR
2026-09-23 Charles D Cassidy General Counsel and Secretary Tax (F) −281 $3.33 -$936 EDGAR
2026-08-26 Daniel Lentz CFO & COO Sell (S) −797 $2.22 -$1.8K EDGAR
2026-08-25 Daniel Lentz CFO & COO Tax (F) −1,724 $2.22 -$3.8K EDGAR
2026-08-25 Charles D Cassidy General Counsel and Secretary Tax (F) −406 $2.22 -$901 EDGAR
2026-08-25 Christopher Travis Hess Chief Exec Officer Tax (F) −3,448 $2.22 -$7.7K EDGAR
2026-08-25 Hubert S Ban Chief Accounting Officer Tax (F) −3,243 $2.22 -$7.2K EDGAR
2026-08-17 Anil Kamath Director Award (A) +3,836 — EDGAR
2026-08-17 Sarah Gilligan Director Award (A) +4,042 — EDGAR
2026-08-17 Donald E Clarke Director Award (A) +5,156 — EDGAR
2026-07-06 Daniel Lentz CFO & COO Sell (S) −1,544 $2.96 -$4.6K EDGAR
2026-07-02 Daniel Lentz CFO & COO Tax (F) −3,339 $2.96 -$9.9K 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.

CMRC Insider Holdings

11 insiders · @ $3.50
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 Christopher Travis Hess Chief Exec Officer 880,023 $3.08M $0 6 2026-10-23
2 Daniel Lentz CFO & COO 471,017 $1.65M -$26.2K 10 2026-10-23
3 Russell Scott Klein Chief Commercial Officer 444,001 $1.55M -$450.2K 1 2025-09-16
4 Ellen F Siminoff Executive Chair 431,319 $1.51M $294.1K 2 2026-02-19
5 Donald E Clarke Director 224,903 $786.0K $0 5 2026-08-17
6 Sarah Gilligan Director 191,314 $668.6K $0 5 2026-08-17
7 Satish Malhotra Director 181,999 $636.1K $0 4 2026-05-18
8 Charles D Cassidy General Counsel and Secretary 164,637 $575.4K $0 9 2026-10-23
9 Anil Kamath Director 151,463 $529.4K $0 5 2026-08-17
10 Hubert S Ban Chief Accounting Officer 80,606 $281.7K $0 7 2026-10-23
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.

CMRC Board & Officers

As of SEC filings through Oct 23, 2026

Directors 6

Officers 6

Changes in the last 10 years (85)
Feb 24, 2026Daniel Lentz listed as CFO & COO (previously Chief Financial Officer) in SEC filings
Oct 6, 2025The company announced the departure of Russell Scott Klein as Chief Commercial Officer in an SEC filing
Sep 12, 2025Ellen F Siminoff first listed as Executive Chair in an SEC filing
Jul 1, 2025Anil Kamath became a director
Jun 27, 2025The company announced the departure of Lawrence S Bohn from the board in an SEC filing
Mar 3, 2025Christopher Travis Hess listed as Chief Exec Officer (previously President) in SEC filings
Mar 3, 2025Christopher Travis Hess first listed as a director in an SEC filing
Jan 21, 2025Robert Walter became Chief Revenue Officer
May 28, 2024Christopher Travis Hess became President
Mar 7, 2024Charles D Cassidy listed as General Counsel and Secretary (previously General Counsel) in SEC filings
Jan 23, 2024The company announced the departure of Steven Chung as President in an SEC filing
Aug 14, 2023Steven Chung became President
Jun 30, 2023Daniel Lentz became Chief Financial Officer
Jun 8, 2023Hubert S Ban became Chief Accounting Officer
Jun 2, 2023Jeff Mengoli left as Chief Legal Officer/Secretary, per their own SEC filing
Jun 2, 2023Charles D Cassidy became General Counsel
May 19, 2023Thomas Aylor left as VP - Prin. Accounting Officer, per their own SEC filing
May 18, 2023The company announced the departure of Robert Alvarez as Chief Financial Officer in an SEC filing
Jul 29, 2022The company announced the departure of Steven Joseph Murray from the board in an SEC filing
Jul 29, 2022The company announced the departure of John T McDonald from the board in an SEC filing
Not reported recently (9)
  • Brian Singh Dhatt · Last reported as Chief Technology Officer in an SEC filing dated Mar 25, 2025
  • Jeffrey Gordon Richards · Last reported as a director in an SEC filing dated Aug 15, 2024
  • Brent Bellm · Last reported as a director in an SEC filing dated May 30, 2024
  • Lisa Eggerton · Last reported as Chief Marketing Officer in an SEC filing dated Aug 14, 2023
  • Marc Ostryniec · Last reported as Chief Sales Officer in an SEC filing dated May 31, 2023
  • Robert Kaloustian · Last reported as Chief Services Officer in an SEC filing dated May 9, 2023
  • Jimmy Duvall · Last reported as Chief Product Officer in an SEC filing dated Aug 11, 2021
  • GGV Capital V Entrepreneurs Fund L.P. · Last reported as a director in an SEC filing dated Mar 17, 2021
  • GGV Capital V L.P. · Last reported as a director in an SEC filing dated Mar 17, 2021
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.

CMRC Proposed Insider Sales (Form 144)

Latest: 2026-10-23
Last 30d: 1 filing · $3K notice value  ·  Last 90d: 2 filings · $5K notice value · 1 unique filer · 100% under 10b5-1 plans

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: DANIEL LENTZ (2, $5K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-10-23 DANIEL LENTZ Officer 797 $2.9K 2026-10-23 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-08-24 DANIEL LENTZ Officer 797 $1.8K 2026-08-24 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-07-01 DANIEL LENTZ Officer 1,544 $4.6K 2026-07-01 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-05-26 DANIEL LENTZ Officer 6,840 $20.4K 2026-05-26 Morgan Stanley Smith Barney LLC … 10b5-1 EDGAR
2026-01-30 RUSSELL S KLEIN Officer 29,640 $91.3K 2026-01-30 Morgan Stanley Smith Barney LLC … — EDGAR
2026-01-29 RUSSELL S KLEIN Officer 55,000 $168.8K 2026-01-29 Morgan Stanley Smith Barney LLC … — EDGAR
2026-01-28 RUSSELL S KLEIN Officer 20,954 $65.7K 2026-01-28 Morgan Stanley Smith Barney LLC … — EDGAR
2026-01-27 RUSSELL S KLEIN Officer 53,000 $167.9K 2026-01-27 Morgan Stanley Smith Barney LLC … — EDGAR
2026-01-21 RUSSELL S KLEIN Officer 108,800 $364.5K 2026-01-21 Morgan Stanley Smith Barney LLC … — EDGAR
2026-01-16 RUSSELL S KLEIN Officer 21,200 $81.0K 2026-01-16 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).
ETF Holders
35 ETFs hold CMRC
25 shown · $34.50M total exposure · 0.01% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $6.9M — 2026-09-30
2 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.01% $6.7M $74.6B 2026-10-23
3 VGT Vanguard Information Technology ETF Vanguard 0.00% $5.8M — 2026-09-30
4 IWO iShares Russell 2000 Growth ETF iShares (BlackRock) 0.02% $2.6M $13.7B 2026-10-23
5 VXF Vanguard Extended Market ETF Vanguard 0.00% $2.5M — 2026-09-30
6 VTWO Vanguard Russell 2000 ETF Vanguard 0.01% $1.4M — 2026-09-30
7 VFVA Vanguard U.S. Value Factor ETF Vanguard 0.13% $1.3M — 2026-10-23
8 PSC Principal U.S. Small-Cap ETF Nport 0.05% $1.2M — 2026-06-30
9 SCHA Schwab U.S. Small-Cap ETF Nport 0.00% $1.0M — 2026-05-31
10 SMLF iShares U.S. Small-Cap Equity Factor ETF iShares (BlackRock) 0.02% $984,557 $4.2B 2026-10-23
11 IWC iShares Micro-Cap ETF iShares (BlackRock) 0.07% $830,516 $1.2B 2026-10-23
12 SFLO VictoryShares Small Cap Free Cash Flow ETF Nport 0.11% $657,623 — 2026-06-30
13 GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Goldman 0.04% $467,499 $1.0B 2026-10-23
14 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.00% $422,636 $96.5B 2026-10-23
15 AVSC Avantis U.S. Small Cap Equity ETF Avantis 0.01% $370,767 $3.2B 2026-10-23
16 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.01% $355,449 — 2026-07-31
17 VTWG Vanguard Russell 2000 Growth ETF Vanguard 0.02% $268,268 — 2026-09-30
18 VFMF Vanguard U.S. Multifactor ETF Vanguard 0.02% $266,555 — 2026-10-23
19 EES WisdomTree U.S. SmallCap Fund Nport 0.02% $161,927 — 2026-06-30
20 RSSL Global X Russell 2000 ETF Global X 0.01% $131,132 — 2026-10-26
21 EBIZ Global X E-Commerce ETF Global X 0.36% $92,052 — 2026-10-26
22 SQLV Royce Quant Small-Cap Quality Value ETF Franklin 0.23% $91,702 $40.0M 2026-10-23
23 IWV iShares Russell 3000 ETF iShares (BlackRock) 0.00% $73,397 $20.4B 2026-10-23
24 DFMC Dimensional US Micro Cap ETF Dimensional 0.00% $29,879 — 2026-10-23
25 VTHR Vanguard Russell 3000 ETF Vanguard 0.00% $25,688 — 2026-09-30
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$-0.07
TTM Revenue
$346.90M
TTM Net Income
$-5.78M
TTM Op. Cash Flow
$35.00M
Quarterly figures (4 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$84.51M$1.10M$0.01$5.09M
Q1 '262026-03-31$86.84M$3.73M$0.05$18.37M
Q4 '252025-12-31$89.52M$-8.36M$-0.10$980.00K
Q3 '252025-09-30$86.03M$-2.24M$-0.03$10.55M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-06
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
—
P/B
5.52
P/S
0.82
EV/EBITDA
18.22
EV/Sales
1.10
ROE
-11.2%
ROA
-1.8%
Div Yield
0.00%
FCF Yield
12.28%
Debt/Equity
2.95
Current Ratio
—
Market Cap
$284.98M
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
6.56M
SI % of Float
9.69%
Days to Cover
9.51
Short Vol Ratio
58.6%
Free Float
67.68M
Float %
81.7%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-09-09