IPGP IPG Photonics Corporation
XNAS
72.81
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.
IPGP
$72.81
—
Key stats
$72.81
- 52-Week Range
- $68.27 – $155.82
- YTD
- -2.71%
- IV Rank (30D)
- 55.12
- Straddle Price
- $11.65
- P/C Vol Ratio
- 1.20
- Market Cap
- $3.0B
- Open
- $72.07
- Day Range
- $70.76 – $73.94
- Volume
- 305,293
- Prev Close
- $71.07
Fair Value
+50.0% vs price
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 SPY | 1.14 |
| Cost of Equity (CAPM) | 11.22% (VRP-adj) |
| WACC | 11.39% |
| Volatility Risk Premium | +65.5pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 30.7% |
| Rev. Growth (YoY, DCF input) | +11.1% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | 1.3% |
| Book / Price | 68.3% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 38.4% |
| FCF Margin (TTM) | 1.9% |
| Debt / Equity | 0.00 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $76.83 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $76.57 |
| Bollinger Width / SMA20 | 31.2% (drives anchor stability) |
| Net Debt | $-0.4B |
| Market Cap | $3B |
Peers used for multiples: ADI, AMAT, AMD, AVGO, INTC, MRVL, MU, NVDA, NXPI, TXN
(SIC-code peers; ETF co-membership was sector-incoherent)
Blended Fair Value
$150.61
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $17.28 | 33% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $26.24 | 8% | median 36.7× · 9 peers |
| Peer EV/EBITDA | $80.79 | 10% | median 29.0× · 10 peers |
| Peer P/B | $566.15 | 13% | median 11.4× · 10 peers |
| Peer P/S | $359.97 | 13% | median 13.1× · 10 peers |
| Market Anchor (SMA50) | $76.83 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $71.17 | 24% | 15 strikes · skew +0.10 |
As of 2026-10-27 · updated
Related
About
- Industry (SIC)
- SEMICONDUCTORS & RELATED DEVICES (3674) · industry map
- Exchange
- XNAS
- Market Cap
- $3.0B
- Employees
- 4,840
- List Date
- 2006-12-13
- CIK
- 0001111928
- Next Earnings
- 2026-11-03 (Pre-Market)
- EPS Forecast
- $0.49 (6 est.)
- Headquarters
- Marlborough, MA
- Homepage
- https://www.ipgphotonics.com
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, laser and non-laser systems, fiber amplifiers, diode lasers, and related optical components. Its products are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. The company sells its products globally to original equipment manufacturers (OEMs), system integrators, and end users. Additionally, it manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switch…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.39% | -11.13% | 16.18% | -8.15% | 0.91% | 23.48% | 3.95% |
| Feb | -1.41% | -14.06% | 7.35% | -12.91% | -17.07% | 39.15% | 0.17% |
| Mar | -7.79% | -9.68% | -1.07% | 3.44% | 8.36% | -15.21% | -3.66% |
| Apr | -0.32% | -14.02% | -5.45% | -6.85% | -5.10% | 2.97% | -4.79% |
| May | -1.09% | 6.39% | -6.33% | 3.81% | 7.22% | -6.80% | 0.53% |
| Jun | 2.18% | -7.96% | 23.00% | -3.11% | 3.30% | 1.88% | 3.21% |
| Jul | 3.89% | 17.20% | -2.69% | -3.52% | 5.40% | -25.42% | -0.86% |
| Aug | -21.53% | -15.86% | 0.00% | -11.30% | 8.77% | -12.75% | -8.78% |
| Sep | -6.74% | -6.76% | -6.08% | 13.59% | -1.22% | 4.10% | -0.52% |
| Oct | -1.31% | -2.78% | -14.74% | 12.68% | 7.04% | -12.97%* | -2.01% |
| Nov | 0.57% | 6.49% | 10.04% | -5.16% | -7.29% | -- | 0.93% |
| Dec | 6.00% | 2.04% | 11.59% | -8.77% | -9.80% | -- | 0.21% |
| Total | -24.99% | -43.59% | 28.61% | -26.53% | -3.38% | -16.03% | -14.32% |
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: $76.57
SMA 50: $76.83
SMA 200: $101.29
Current: $72.81
EMA 12: $73.58
EMA 26: $75.71
MACD: -2.1277 | Signal: -0.4522
BEARISH
ADX (14): 18.62
RANGE
+DI: 19.92
−DI: 29.09
Momentum Oscillators
RSI (14): 42.98
NEUTRAL
Stoch %K: 18.01
Stoch %D: 16.11
Williams %R: -67.76
Volume & Volatility
BB Upper: $85.73
BB Lower: $67.41
NEUTRAL
OBV: 10,223,804
Vol SMA 20: 378,808
Vol ROC: 13.26%
ATR: $3.37
True Range: $3.18
HV 20: 47.0%
HV 30: 39.8%
HV 60: 50.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
Here is the comprehensive stock analysis report for IPGP:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Recent positive news on product launches and acquisitions
- Strong historical performance in medical laser market
Primary Risks:
- High volatility, beta >1.5, indicating high risk
- Negative sentiment from recent earnings miss and management changes
Investment Thesis: IPGP has the potential to rebound due to its strong track record in the medical laser industry and recent positive news. However, high volatility and negative sentiment from recent events pose significant risks.
Recent News Sentiment Impact: The recent positive headlines on product launches and acquisitions have boosted investor sentiment, but the negative sentiment from the earnings miss and management changes has tempered enthusiasm.
Technical Analysis
Trend Direction: Short-term: BEARISH (price below SMA 20) Medium-term: NEUTRAL (price between SMA 50 and SMA 200) Long-term: BULLISH (long-term trend is upward)
Support/Resistance Levels: Upper: $89.25 Middle: $78.70 Lower: $68.15
Momentum Signals: RSI: 43.84 (neutral) MACD: -4.17 / Signal: 0.92 / Histogram: -5.09 (bearish) Bollinger Bands: Price touching upper band = overbought, lower band = oversold Volume Analysis: Volume SMA 20: 592855.94
News & Sentiment Analysis
Recent Headlines Summary: Positive news on product launches and acquisitions, but negative sentiment from recent earnings miss and management changes.
Sentiment Assessment: Aggregate news sentiment is NEUTRAL (50/50 split between positive and negative headlines).
Catalyst Identification: Upcoming events: Earnings release in 5 days, potential catalyst for price movement.
Market Narrative: The market narrative suggests that IPGP's recent positive news has been tempered by the negative sentiment from recent earnings miss and management changes. The technical signals indicate a bearish trend, but there is potential for a rebound due to upcoming catalysts.
Risk & Volatility Assessment
Risk Assessment: Beta: 2.09 (high risk), Alpha: -0.20, Correlation: 0.37 Volatility Regime: Current vs historical volatility levels: HIGH VOLATILITY
Options Market Signals: IV Rank: 15.9% (Low), Current IV: 74.8%, Expected Move: $12.20 (42 DTE) Volume Flow: 69 calls vs 78 puts, Open Interest: 544 calls vs 397 puts Put/Call Volume Ratio: 1.13 (Neutral sentiment)
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: WEAK
Institutional Activity: Volume patterns suggesting institutional interest: MEDIUM
Correlation Analysis: How stock moves relative to market (R-squared interpretation): -0.38 Relative Valuation: Position within trading range: NEAR SUPPORT LEVEL
Key Levels & Action Items
Critical Price Levels: Support: $68.15, Resistance: $89.25
Breakout/Breakdown Levels: Technical levels that could trigger significant moves: SMA 20 (78.70) and SMA 50 (90.71)
Time-Sensitive Catalysts: Earnings release in 5 days, potential catalyst for price movement.
Risk Management: Stop-loss levels and position sizing considerations: Set stop-loss at $65.00, considering a 10% risk management.
Analysis Guidelines
Data Interpretation:
RSI: >70 overbought (potential sell signal), <30 oversold (potential buy signal) MACD: Crossover above signal line = bullish momentum, below = bearish Moving Averages: Price above MA = uptrend, below = downtrend Bollinger Bands: Price touching upper band = overbought, lower band = oversold
News Impact Assessment: Positive News: Earnings beats, product launches, partnerships, analyst upgrades Negative News: Earnings misses, regulatory issues, downgrades, management changes Neutral News: General market commentary, routine announcements
Risk Assessment Criteria: High Risk: Beta >1.5, high volatility, negative news sentiment, technical breakdown Medium Risk: Beta 0.8-1.5, moderate volatility, mixed signals Low Risk: Beta <0.8, low volatility, positive fundamentals, strong technical support
Generated
News
All IPGP news →
Earnings History
14 of 22 under expected move
Avg Expected Move
10.85%
Avg Actual Move
9.94%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-05-04 | Pre-Market | 7.59% | 10.44% | 1.38x | Exceeded |
| 2021-08-03 | Pre-Market | 6.55% | 18.30% | 2.79x | Exceeded |
| 2021-11-02 | Pre-Market | 10.69% | 8.62% | 0.81x | Within |
| 2022-02-15 | Pre-Market | 8.90% | 6.22% | 0.70x | Within |
| 2022-05-03 | Pre-Market | 14.26% | 7.74% | 0.54x | Within |
| 2022-08-02 | Pre-Market | 10.31% | 4.66% | 0.45x | Within |
| 2022-11-01 | Pre-Market | 4.73% | 0.21% | 0.04x | Within |
| 2023-02-14 | Pre-Market | 9.11% | 11.56% | 1.27x | Exceeded |
| 2023-05-02 | Pre-Market | 9.58% | 1.49% | 0.16x | Within |
| 2023-08-01 | Pre-Market | 9.73% | 17.57% | 1.81x | Exceeded |
| 2023-10-31 | Pre-Market | 12.72% | 2.62% | 0.21x | Within |
| 2024-02-13 | Pre-Market | 8.93% | 16.06% | 1.80x | Exceeded |
| 2024-04-30 | Pre-Market | 9.77% | 5.19% | 0.53x | Within |
| 2024-07-30 | Pre-Market | 10.30% | 7.32% | 0.71x | Within |
| 2024-10-29 | Pre-Market | 10.41% | 7.29% | 0.70x | Within |
| 2025-02-11 | Pre-Market | 11.91% | 5.46% | 0.46x | Within |
| 2025-05-06 | Pre-Market | 12.24% | 13.02% | 1.06x | Exceeded |
| 2025-08-05 | Pre-Market | 10.84% | 3.65% | 0.34x | Within |
| 2025-11-04 | Pre-Market | 11.70% | 2.21% | 0.19x | Within |
| 2026-02-12 | Pre-Market | 13.17% | 35.48% | 2.69x | Exceeded |
| 2026-05-05 | Pre-Market | 17.98% | 25.74% | 1.43x | Exceeded |
| 2026-08-04 | Pre-Market | 17.32% | 7.88% | 0.45x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
IPGP Options Activity & IV Rank
IPGP IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 71.8%
7-DTE IV: —
Expected Move: $11.65
7-DTE Move: $11.65
Days to Exp: 25 (2026-11-20)
Options Flow
Call Volume: 70
Put Volume: 84
P/C Volume: 1.2
NEUTRAL
Call OI: 257
Put OI: 267
P/C OI: 1.039
Total OI: 524
ATM Options Pricing
ATM Call: $5.00
ATM Put: $6.65
Call %: 6.9%
Put %: 9.1%
Chain Summary
Chain Volume: 588
Chain OI: 1,263
Last Updated: 10/26/2026
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
TYPICAL γ
Estimated net dealer gamma is at the 39th 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
39%
vs own history
GEX tilt
+0.06
OI-weighted, today
Vanna tilt
+0.49
δ-sensitivity to IV
Charm tilt
-0.73
δ-decay vs time
Vanna tilt +0.49: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.73: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 9 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 26 · No data
30 DTE / 10d
100%
+29.2
pts
EXTREME
as of Oct 26 · ATM 74.0% / Wing 103.2%
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)55.1MediumOct 26
Straddle Price (30 DTE)$11.65Oct 26
Beta Analysis
Risk Metrics
Beta: 2.0560
Alpha: -18.75%
Correlation: 0.3630
R-Squared: 13.2%
Stock Volatility: 72.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
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 IPGP
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $44.3M | #748 of 6285 | +103.4% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $14.3M | #870 of 3138 | +42.6% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $457K | #2129 of 4729 | -15.9% | 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
IPGP Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 42,757,636 (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.
9 filers$7.51M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $2.58M | 34.36% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $1.95M | 25.93% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $1.54M | 20.46% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $504.48K | 6.72% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $425.90K | 5.67% | 2025-09-30 |
| 6 | Walleye Capital LLC | $164.25K | 2.19% | 2026-06-30 |
| 7 | Walleye Trading LLC | $129.05K | 1.72% | 2026-06-30 |
| 8 | GROUP ONE TRADING LLC Custodian | $117.32K | 1.56% | 2026-06-30 |
| 9 | Simplex Trading, LLC Custodian | $105.59K | 1.41% | 2026-06-30 |
8 filers$6.90M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | IMC-Chicago, LLC Custodian | $2.32M | 33.67% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $1.69M | 24.49% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $1.34M | 19.39% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $586.60K | 8.50% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $504.48K | 7.31% | 2026-06-30 |
| 6 | Walleye Capital LLC | $234.64K | 3.40% | 2026-06-30 |
| 7 | Twin Tree Management, LP | $152.52K | 2.21% | 2026-06-30 |
| 8 | Walleye Trading LLC | $70.39K | 1.02% | 2026-06-30 |
IPGP Insider Trading (Form 4)
Latest: 2026-10-06Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-10-06 | Eugene A Scherbakov | Director | Sell (S) | −3,048 | $85.30 | -$260.0K | EDGAR |
| 2026-10-06 | IP FIBRE DEVICES LTD | 10%+ Owner | Sell (S) | −15,361 | $85.64 | -$1.32M | EDGAR |
| 2026-09-03 | Valentin Gapontsev Trust I | 10%+ Owner | Sell (S) | −27,397 | $75.42 | -$2.07M | EDGAR |
| 2026-08-27 | John R Peeler | Director | Buy (P) | +2,710 | $73.58 | $199.4K | EDGAR |
| 2026-08-10 | Paulus Bucher | SVP, Global Operations | Tax (F) | −663 | $90.23 | -$59.8K | EDGAR |
| 2026-08-06 | IP FIBRE DEVICES LTD | 10%+ Owner | Sell (S) | −30,313 | $95.74 | -$2.90M | EDGAR |
| 2026-08-06 | IP FIBRE DEVICES LTD | 10%+ Owner | Sell (S) | −30,313 | $95.74 | -$2.90M | EDGAR |
| 2026-08-04 | IP FIBRE DEVICES LTD | 10%+ Owner | Sell (S) | −27,000 | $85.81 | -$2.32M | EDGAR |
| 2026-08-04 | Eugene A Scherbakov | Director | Sell (S) | −1,524 | $86.61 | -$132.0K | EDGAR |
| 2026-07-22 | Valentin Gapontsev Trust I | 10%+ Owner | Sell (S) | −56,316 | $102.31 | -$5.76M | EDGAR |
| 2026-07-01 | Angelo P Lopresti | SVP, Secretary & Gen Counsel | Sell (S) | −1,000 | $110.33 | -$110.3K | EDGAR |
| 2026-07-01 | IP FIBRE DEVICES LTD | 10%+ Owner | Sell (S) | −65,700 | $103.64 | -$6.81M | EDGAR |
| 2026-07-01 | Eugene A Scherbakov | Director | Sell (S) | −1,524 | $101.55 | -$154.8K | EDGAR |
| 2026-06-23 | Tang Agnes | Director | Sell (S) | −1,511 | $117.85 | -$178.1K | EDGAR |
| 2026-06-08 | Mark Milton Gitin | CEO | Tax (F) | −4,641 | $107.37 | -$498.3K | 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.
IPGP Insider Holdings
19 insiders · @ $72.81
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 | Valentin Gapontsev Trust I | 10%+ Owner | 14,151,319 | $1.03B | -$168.28M | 87 | 2026-09-03 |
| 2 | IP FIBRE DEVICES LTD | 10%+ Owner | 6,396,113 | $465.70M | -$103.56M | 45 | 2026-10-06 |
| 3 | Natalia Pavlova | Chief Scientist | 133,236 | $9.70M | $0 | 14 | 2026-02-24 |
| 4 | Igor Samartsev | SVP, Chief Scientist | 127,031 | $9.25M | -$14.24M | 85 | 2026-05-13 |
| 5 | Mark Milton Gitin | CEO | 87,232 | $6.35M | $0 | 6 | 2026-06-08 |
| 6 | Timothy PV Mammen | SVP, Chief Financial Officer | 79,150 | $5.76M | -$35.25M | 100 | 2026-05-26 |
| 7 | Angelo P Lopresti | SVP, Secretary & Gen Counsel | 59,841 | $4.36M | -$28.09M | 104 | 2026-07-01 |
| 8 | Eugene A Scherbakov | Director | 45,162 | $3.29M | -$22.17M | 96 | 2026-10-06 |
| 9 | Trevor Ness | SVP, Chief Revenue Officer | 38,425 | $2.80M | -$13.47M | 58 | 2026-03-03 |
| 10 | Eric Meurice | Director | 25,239 | $1.84M | -$1.36M | 32 | 2026-05-13 |
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.
IPGP Board & Officers
As of SEC filings through Oct 6, 2026Directors 10
- Eugene A Scherbakov · since Dec 12, 2006
- John R Peeler · since Oct 3, 2012
- Eric Meurice · since Jun 3, 2014
- Greg Dougherty · since Jan 23, 2019
- Jeanmarie F. Desmond · since Jan 7, 2021
- Natalia Pavlova · since Jan 7, 2021
- Tang Agnes · since Mar 28, 2022
- Gregory R Beecher · since Jan 20, 2023
- Kolleen T Kennedy · since Aug 1, 2023
- Mark Milton Gitin · since Jun 5, 2024
Officers 7
- Mark Milton Gitin · CEO · since Jun 5, 2024
- Timothy PV Mammen · SVP, Chief Financial Officer · listed since Aug 2013
- Igor Samartsev · SVP, Chief Scientist · listed since Feb 2022
- Trevor Ness · SVP, Chief Revenue Officer · listed since Nov 2025
- Angelo P Lopresti · SVP, Secretary & Gen Counsel · listed since Nov 2013
- Mary E. Buttarazzi · VP, Corp Controller and CAO · since Mar 1, 2025
- Paulus Bucher · SVP, Global Operations · since Jul 1, 2025
10% owners 4
- Angelo P Lopresti · listed since Feb 2016
- Eugene A Scherbakov · listed since Feb 2012
- Ip Fibre Devices Ltd (entity) · since Dec 12, 2006
- Valentin Gapontsev Trust I (entity) · since Dec 17, 2010
Changes in the last 10 years (33)
| Nov 19, 2025 | Trevor Ness listed as SVP, Chief Revenue Officer (previously SVP, Sales & Strategic Bus Dev) in SEC filings |
| Jul 1, 2025 | Paulus Bucher became SVP, Global Operations |
| Mar 6, 2025 | The company announced the departure of Michael C Child from the board in an SEC filing |
| Mar 4, 2025 | Thomas J Burgomaster reported in an SEC filing no longer being Chief Accounting Officer |
| Mar 4, 2025 | Eugene A Scherbakov no longer listed as CEO in SEC filings |
| Mar 1, 2025 | Mary E. Buttarazzi became VP, Corp Controller and CAO |
| Dec 5, 2024 | Natalia Pavlova no longer listed as Chief Scientist in SEC filings |
| Dec 5, 2024 | Igor Samartsev no longer listed as a director in SEC filings |
| Aug 15, 2024 | The company announced the departure of Alexander Ovtchinnikov as SVP, Chief Technology Officer in an SEC filing |
| Jun 5, 2024 | Mark Milton Gitin became a director |
| Jun 5, 2024 | Mark Milton Gitin became CEO |
| Oct 6, 2023 | The company announced the departure of Felix I Stukalin as SVP, Chief Operating Officer in an SEC filing |
| Aug 1, 2023 | Kolleen T Kennedy became a director |
| Jan 20, 2023 | The company announced the departure of Thomas J Seifert from the board in an SEC filing |
| Jan 20, 2023 | Gregory R Beecher became a director |
| Jan 13, 2023 | Felix I Stukalin first listed as a director in an SEC filing |
| May 25, 2022 | Natalia Pavlova listed as Chief Scientist (previously Chief Technology Officer) in SEC filings |
| Mar 28, 2022 | Tang Agnes became a director |
| Feb 22, 2022 | Trevor Ness listed as SVP, Sales & Strategic Bus Dev (previously SVP, Worldwide Sales & Mrkting) in SEC filings |
| Feb 22, 2022 | Igor Samartsev listed as SVP, Chief Scientist (previously SVP, Chief Technology Officer) in SEC filings |
| Feb 22, 2022 | Felix I Stukalin listed as SVP, Chief Operating Officer (previously SVP, North America Operations) in SEC filings |
| Feb 22, 2022 | Alexander Ovtchinnikov listed as SVP, Chief Technology Officer (previously SVP, Components) in SEC filings |
| Feb 11, 2022 | Valentin P Gapontsev reported in an SEC filing no longer being a director |
| Feb 11, 2022 | Valentin P Gapontsev reported in an SEC filing no longer being a 10% owner |
| Feb 11, 2022 | Valentin P Gapontsev reported in an SEC filing no longer being CEO & Chairman of the Board |
| Jun 15, 2021 | Igor Samartsev listed as SVP, Chief Technology Officer (previously Chief Technology Officer) in SEC filings |
| May 26, 2021 | Natalia Pavlova first listed as Chief Technology Officer in an SEC filing |
| May 11, 2021 | Eugene A Scherbakov listed as CEO (previously COO, SVP, MD IPG Laser GmbH) in SEC filings |
| Feb 22, 2021 | Eugene A Scherbakov listed as COO, SVP, MD IPG Laser GmbH (previously SVP, MD IPG Laser GmbH) in SEC filings |
| Jan 7, 2021 | Natalia Pavlova became a director |
| Jan 7, 2021 | Jeanmarie F. Desmond became a director |
| May 30, 2019 | Felix I Stukalin became SVP, North America Operations |
| Jan 23, 2019 | Greg Dougherty became a director |
Not reported recently (5)
- Alexander Ovtchinnikov · Last reported as a 10% owner in an SEC filing dated Mar 5, 2024
- Felix I Stukalin · Last reported as a director in an SEC filing dated May 23, 2023
- Catherine P Lego · Last reported as a director in an SEC filing dated Nov 9, 2020
- Henry E Gauthier · Last reported as a director in an SEC filing dated Jun 3, 2019
- William S Hurley · Last reported as a director in an SEC filing dated May 15, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
IPGP Proposed Insider Sales (Form 144)
Latest: 2026-10-02
? Form 144 Guide
Last 30d:
2 filings
· $12.2M notice value
· Last 90d:
3 filings
· $13.1M notice value
· 3 unique filers
· 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:
IP FIBRE DEVICES LTD (1, $11.6M) · Valentin Gapontsev Trust II (1, $909K) · SCHERBAKOV EUGENE A (1, $650K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-02 | IP FIBRE DEVICES LTD | 10% Stockholder | 135,000 | $11.56M | 2026-10-02 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-10-02 | SCHERBAKOV EUGENE A | 10% Stockholder | 7,620 | $650.0K | 2026-10-02 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-09-22 | Valentin Gapontsev Trust II | Officer | 11,688 | $909.1K | 2026-09-22 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-06-29 | Lopresti Angelo P | Officer | 3,000 | $331.0K | 2026-06-29 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-06-29 | IP FIBRE DEVICES LTD | 10% Stockholder | 197,100 | $20.43M | 2026-06-29 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-06-29 | SCHERBAKOV EUGENE A | Director | 4,572 | $464.3K | 2026-06-29 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-06-22 | Valentin Gapontsev Trust II | Officer | 12,876 | $1.52M | 2026-06-22 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-06-22 | Agnes Tang | Director | 1,511 | $178.1K | 2026-06-22 | Stifel Nicolaus & Company Inc | 10b5-1 | EDGAR |
| 2026-05-22 | Mammen Timothy PV | Officer | 9,975 | $1.20M | 2026-05-22 | Stifel Nicolaus & Company Inc | — | EDGAR |
| 2026-05-14 | Desmond Jeanmarie F. | Director | 1,690 | $178.4K | 2026-05-14 | Stifel Nicolaus & Company Inc | — | 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: 2026-05-15
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-15 | 0001111928-26-000120 | EDGAR |
| 2026-05-05 | 0001111928-26-000094 | EDGAR |
| 2026-03-16 | 0001111928-26-000074 | EDGAR |
| 2026-02-25 | 0001111928-26-000051 | EDGAR |
| 2026-02-12 | 0001111928-26-000015 | EDGAR |
| 2025-11-04 | 0001111928-25-000165 | EDGAR |
| 2025-10-03 | 0001111928-25-000147 | EDGAR |
| 2025-08-05 | 0001111928-25-000129 | EDGAR |
| 2025-07-08 | 0001111928-25-000125 | EDGAR |
| 2025-06-30 | 0001111928-25-000122 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-23 | 0001111928-26-000040 | EDGAR |
| 2025-02-20 | 0001111928-25-000023 | EDGAR |
| 2024-02-21 | 0001111928-24-000019 | EDGAR |
| 2023-02-27 | 0001111928-23-000039 | EDGAR |
| 2022-02-22 | 0001111928-22-000025 | EDGAR |
| 2021-02-22 | 0001111928-21-000026 | EDGAR |
| 2020-02-24 | 0001111928-20-000030 | EDGAR |
| 2019-02-27 | 0001111928-19-000035 | EDGAR |
| 2018-02-28 | 0001111928-18-000034 | EDGAR |
| 2017-02-27 | 0001111928-17-000055 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-05 | 0001111928-26-000098 | EDGAR |
| 2025-11-04 | 0001111928-25-000168 | EDGAR |
| 2025-08-05 | 0001111928-25-000132 | EDGAR |
| 2025-05-06 | 0001111928-25-000069 | EDGAR |
| 2024-10-29 | 0001111928-24-000135 | EDGAR |
| 2024-07-30 | 0001111928-24-000122 | EDGAR |
| 2024-04-30 | 0001111928-24-000068 | EDGAR |
| 2023-10-31 | 0001111928-23-000170 | EDGAR |
| 2023-08-01 | 0001111928-23-000134 | EDGAR |
| 2023-05-02 | 0001111928-23-000086 | EDGAR |
ETF Holders
109 ETFs hold IPGP
25 shown · $515.23M total exposure · 0.04% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $69.5M | — | 2026-09-30 |
| 2 | IJH iShares Core S&P Mid-Cap ETF | iShares (BlackRock) | 0.06% | $67.2M | $122.3B | 2026-10-23 |
| 3 | VGT Vanguard Information Technology ETF | Vanguard | 0.03% | $50.1M | — | 2026-09-30 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.03% | $48.7M | — | 2026-09-30 |
| 5 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.12% | $33.8M | — | 2026-10-23 |
| 6 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.10% | $31.2M | — | 2026-10-23 |
| 7 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.06% | $27.1M | — | 2026-09-30 |
| 8 | ROBO ROBO Global Robotics and Automation Index ETF | Nport | 1.33% | $26.5M | — | 2026-07-31 |
| 9 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $23.1M | — | 2026-09-30 |
| 10 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.07% | $22.9M | — | 2026-10-23 |
| 11 | MDY State Street® SPDR® S&P MIDCAP 400® ETF Trust | SPDR (State Street) | 0.05% | $14.1M | $25.6B | 2026-10-23 |
| 12 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.06% | $14.0M | — | 2026-05-31 |
| 13 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.15% | $13.3M | — | 2026-05-31 |
| 14 | SPMD State Street® SPDR® Portfolio S&P 400™ Mid Cap ETF | SPDR (State Street) | 0.05% | $10.1M | $18.4B | 2026-10-23 |
| 15 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.01% | $10.1M | — | 2026-10-23 |
| 16 | IJJ iShares S&P Mid-Cap 400 Value ETF | iShares (BlackRock) | 0.11% | $9.5M | $8.6B | 2026-10-23 |
| 17 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.01% | $7.6M | $57.3B | 2026-10-23 |
| 18 | KOMP State Street® SPDR® S&P Kensho New Economies Composite ETF | SPDR (State Street) | 0.28% | $7.1M | $2.5B | 2026-10-23 |
| 19 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.08% | $5.8M | — | 2026-10-23 |
| 20 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.03% | $5.6M | $21.1B | 2026-10-23 |
| 21 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.00% | $4.1M | $84.8B | 2026-10-23 |
| 22 | BSMC Brandes U.S. Small-Mid Cap Value ETF | Nport | 2.14% | $3.6M | — | 2026-06-30 |
| 23 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.13% | $3.5M | — | 2026-07-31 |
| 24 | IVOO Vanguard S&P Mid-Cap 400 ETF | Vanguard | 0.06% | $3.4M | — | 2026-09-30 |
| 25 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.11% | $3.4M | $3.2B | 2026-10-23 |
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
112.02
TTM Diluted EPS
$0.65
TTM Revenue
$1.07B
TTM Net Income
$27.56M
TTM Op. Cash Flow
$96.44M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $278.58M | $5.24M | $0.12 | $37.79M |
| Q1 '26 | 2026-03-31 | $265.50M | $1.58M | $0.04 | $-5.46M |
| Q4 '25 | 2025-12-31 | $274.47M | $13.27M | $0.31 | $28.81M |
| Q3 '25 | 2025-09-30 | $250.79M | $7.46M | $0.18 | $35.31M |
| Q2 '25 | 2025-06-30 | $250.72M | $6.61M | $0.16 | $-2.22M |
| Q1 '25 | 2025-03-31 | $227.79M | $3.76M | $0.09 | $13.45M |
| Q4 '24 | 2024-12-31 | $234.34M | $7.82M | $0.13 | $73.78M |
| Q3 '24 | 2024-09-30 | $233.14M | $-233.59M | $-5.33 | $66.06M |
| Q2 '24 | 2024-06-30 | $257.64M | $20.15M | $0.45 | $53.46M |
| Q1 '24 | 2024-03-31 | $252.01M | $24.10M | $0.52 | $54.60M |
| Q4 '23 | 2023-12-31 | $298.89M | $41.43M | $0.90 | $106.06M |
| Q3 '23 | 2023-09-30 | $301.40M | $54.99M | $1.16 | $85.98M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-04
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
112.02
P/B
1.46
P/S
2.91
EV/EBITDA
28.29
EV/Sales
2.54
ROE
1.3%
ROA
1.1%
Div Yield
0.00%
FCF Yield
3.10%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$3.11B
as of 2026-10-26
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
3.73M
SI % of Float
18.33%
Days to Cover
8.59
Short Vol Ratio
65.1%
Free Float
20.33M
Float %
47.8%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-08-24