Management raised its full-year outlook, but warned fourth-quarter cash flow will be softer.
PAR PAR Technology Corp.
XNYS
22.35
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.
PAR
$22.35
—
What changed
Recent filings, trades and movesKey stats
$22.35
- 52-Week Range
- $11.59 – $40.54
- YTD
- -37.45%
- IV Rank (30D)
- 17.41
- Straddle Price
- $3.58
- P/C Vol Ratio
- 0.54
- Market Cap
- $0.9B
- Open
- $21.00
- Day Range
- $20.53 – $22.44
- Volume
- 1,274,926
- Prev Close
- $20.55
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) | 4.90% |
| Beta vs SPY | 1.37 |
| Cost of Equity (CAPM) | 12.44% (VRP-adj) |
| WACC | 9.95% |
| Volatility Risk Premium | +63.7pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +11.9% |
| 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) | -8.9% |
| Book / Price | 95.9% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 41.5% |
| FCF Margin (TTM) | -3.2% |
| Debt / Equity | 0.52 |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $16.76 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $17.63 |
| Bollinger Width / SMA20 | 24.7% (drives anchor stability) |
| Net Debt | $0.3B |
| Market Cap | $1B |
Peers used for multiples: CTLP, DBD, VYX
(SIC-code peers; ETF co-membership was sector-incoherent)
60-Day Conviction
83%
20-Day Fair Value
≈ by Dec 8, 2026
$22.14
α +0.5%
rank 44%
conviction
33%
40-Day Fair Value
≈ by Jan 6, 2027
$23.07
α +4.7%
rank 51%
conviction
95%
60-Day Fair Value
≈ by Feb 4, 2027
$22.96
α +4.2%
rank 61%
conviction
83%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 25.5× · 3 peers |
| Peer EV/EBITDA | n/a | 0% | median 9.1× · 3 peers |
| Peer P/B | $41.20 | 30% | median 2.1× · 3 peers |
| Peer P/S | $7.15 | 30% | median 0.5× · 3 peers |
| Market Anchor (SMA50) | $16.76 | 40% | stability 26% (BB-width) |
| Options Expected (B-L 30d) | $20.15 | 0% | 8 strikes · skew +0.30 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) (3578) · industry map
- Exchange
- XNYS
- Market Cap
- $0.9B
- Employees
- 1,809
- List Date
- 1982-12-03
- CIK
- 0000708821
- Last Earnings
- Nov 5 after close · +7.1% vs ±16.0% expected
- Next Earnings
- ~Feb 25, 2027 (estimated)
- Headquarters
- New Hartford, NY
- Homepage
- https://www.partech.com
PAR Technology Corp is a foodservice technology company providing omnichannel cloud-based software and hardware solutions to the restaurant industry in three restaurant categories - quick service, fast casual, and table service - and the retail industry, including convenience and fuel retailers (C-Stores). Its product and service offerings include point-of-sale, customer engagement and loyalty, digital ordering and delivery, operational intelligence, payment processing, hardware, and related technologies, solutions, and services. The company generates revenue from subscription service, Sale of…
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 | 3.37% | -29.44% | 28.07% | 6.68% | 1.51% | -26.64% | -2.74% |
| Feb | 26.15% | 11.72% | -4.72% | -5.66% | -3.28% | -33.54% | -1.55% |
| Mar | -25.53% | -2.54% | -1.82% | 5.61% | -4.74% | -21.45% | -8.41% |
| Apr | 24.47% | -21.03% | -9.60% | -5.10% | -5.16% | 4.67% | -1.96% |
| May | -18.62% | 8.05% | 13.79% | 5.73% | 9.89% | 8.27% | 4.52% |
| Jun | 2.82% | 2.29% | -4.02% | 7.19% | 8.22% | 7.13% | 3.94% |
| Jul | -8.88% | 9.30% | 4.47% | 11.71% | -9.04% | -8.67% | -0.18% |
| Aug | 10.65% | -14.71% | 26.03% | 10.12% | -12.68% | 8.42% | 4.64% |
| Sep | -11.93% | -13.22% | -14.72% | 0.31% | -19.65% | -25.94% | -14.19% |
| Oct | 1.11% | -4.00% | -27.50% | 15.67% | -6.21% | 22.79% | 0.31% |
| Nov | -21.17% | -15.59% | 23.67% | 32.09% | -3.03% | 22.43%* | 6.40% |
| Dec | 0.71% | 4.78% | 12.83% | -8.52% | 5.71% | -- | 3.10% |
| Total | -27.91% | -53.94% | 34.36% | 97.16% | -35.28% | -48.74% | -5.73% |
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: $17.94
SMA 50: $16.82
SMA 200: $16.84
Current: $22.04
EMA 12: $18.90
EMA 26: $17.84
MACD: 1.0614 | Signal: 0.4144
BULLISH
ADX (14): 33.59
TREND
+DI: 43.78
−DI: 11.97
Momentum Oscillators
RSI (14): 80.77
OVERBOUGHT
Stoch %K: 88.27
Stoch %D: 84.31
Williams %R: -6.68
Volume & Volatility
BB Upper: $20.70
BB Lower: $15.18
OVERBOUGHT
OBV: -22,123,972
Vol SMA 20: 1,023,239
Vol ROC: 30.58%
ATR: $1.04
True Range: $1.91
HV 20: 53.9%
HV 30: 47.2%
HV 60: 51.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before PAR’s Nov 5 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report
Executive Summary
Overall assessment: BULLISH with a confidence level of 7 (out of 10)
Key drivers:
- Bullish MACD signal
- Neutral RSI reading
- Positive news sentiment from recent headlines
Primary risks:
- High volatility, which could lead to increased market uncertainty
- Potential overvaluation based on IV rank and expected move
Investment thesis: PAR Technology is poised for a potential upside move, driven by its strong technical signals and positive news sentiment. However, the high volatility and potentially overvalued options market may pose risks.
Recent news sentiment impact: The recent headlines have been predominantly neutral, with no significant negative or positive news influencing the stock's price. This lack of major news has allowed the technical signals to take center stage, driving the stock higher.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) and medium-term (1-3 months): Bullish
Support/Resistance Levels:
- Resistance: $18.29 (upper Bollinger Band)
- Support: $16.73 (SMA 20)
Momentum Signals: RSI: 56.75 (neutral), indicating no strong buying or selling pressure MACD: 0.38 / Signal: 0.10 / Histogram: 0.28 (bullish) Bollinger Bands: neutral
Volume Analysis: Moderate volume, with a slight increase in recent days.
News & Sentiment Analysis
Recent Headlines Summary: Positive news from the cloud PoS market report, with no significant negative or positive news influencing the stock's price.
Sentiment Assessment: Neutral sentiment, with an even mix of neutral and positive headlines.
Catalyst Identification: The cloud PoS market report may have contributed to the recent price increase, but there are no imminent catalysts that would significantly impact the stock's price.
Market Narrative: The technical signals are driving the stock higher, with no major news influencing the price. This suggests a potential continuation of the uptrend.
Risk & Volatility Assessment
Beta Interpretation: Beta: 1.23 (vs SPY), indicating high volatility and a strong correlation with the market.
Volatility Regime: High volatility, which may increase market uncertainty.
Options Market Signals: IV rank: 7.5% (Low), suggesting historically low volatility. Current IV: 101.5%, indicating moderate to high implied volatility.
Downside Protection: Support levels at $16.73 and $15.17, with a potential stop-loss level at $17.25 (EMA 12).
Market Context & Positioning
Sector Performance: PAR Technology is outperforming the broader technology sector.
Institutional Activity: Moderate institutional interest, with no significant buying or selling pressure.
Correlation Analysis: High correlation with the market (0.24), indicating a strong connection between PAR's price and the broader market.
Relative Valuation: The stock is trading within its historical range, but may be slightly overvalued based on the IV rank and expected move.
Key Levels & Action Items
Critical Price Levels:
- Resistance: $18.29 (upper Bollinger Band)
- Support: $16.73 (SMA 20)
Breakout/Breakdown Levels: No significant levels to watch, as the stock is trading within its historical range.
Time-Sensitive Catalysts: No imminent catalysts that would significantly impact the stock's price.
Risk Management: Stop-loss level at $17.25 (EMA 12), with a potential target at $18.29 (upper Bollinger Band). Position sizing considerations: consider reducing position size due to high volatility and potentially overvalued options market.
By analyzing the technical indicators, news sentiment, and risk metrics, it appears that PAR Technology is poised for further upside movement, driven by its strong technical signals and positive news sentiment. However, the high volatility and potentially overvalued options market may pose risks. It's essential to monitor the stock's price action and adjust the risk management strategy accordingly.
Generated
News
All PAR news →
Earnings History
20 of 24 under expected move
Avg Expected Move
12.16%
Avg Actual Move
6.94%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-03-15 | After-Close | 11.67% | 0.83% | 0.07x | Within |
| 2021-05-10 | After-Close | 10.22% | 9.01% | 0.88x | Within |
| 2021-08-09 | After-Close | 10.27% | 2.26% | 0.22x | Within |
| 2021-11-09 | After-Close | 6.97% | 3.79% | 0.54x | Within |
| 2022-03-01 | After-Close | 15.95% | 2.80% | 0.18x | Within |
| 2022-05-10 | After-Close | 10.02% | 10.33% | 1.03x | Exceeded |
| 2022-08-09 | After-Close | 7.09% | 2.31% | 0.33x | Within |
| 2022-11-09 | After-Close | 12.51% | 23.99% | 1.92x | Exceeded |
| 2023-03-01 | After-Close | 12.20% | 1.21% | 0.10x | Within |
| 2023-05-10 | After-Close | 10.22% | 2.56% | 0.25x | Within |
| 2023-08-09 | After-Close | 14.31% | 6.64% | 0.46x | Within |
| 2023-11-09 | After-Close | 9.43% | 9.27% | 0.98x | Within |
| 2024-02-27 | After-Close | 11.49% | 0.11% | 0.01x | Within |
| 2024-05-09 | After-Close | 6.94% | 1.25% | 0.18x | Within |
| 2024-08-08 | After-Close | 8.41% | 2.94% | 0.35x | Within |
| 2024-11-08 | Pre-Market | 11.99% | 11.59% | 0.97x | Within |
| 2025-02-28 | Pre-Market | 12.72% | 13.18% | 1.04x | Exceeded |
| 2025-05-09 | Pre-Market | 10.30% | 3.73% | 0.36x | Within |
| 2025-08-08 | After-Close | 7.81% | 0.06% | 0.01x | Within |
| 2025-11-06 | After-Close | 17.56% | 16.58% | 0.94x | Within |
| 2026-02-26 | After-Close | 21.15% | 27.03% | 1.28x | Exceeded |
| 2026-05-07 | After-Close | 17.85% | 3.94% | 0.22x | Within |
| 2026-08-06 | After-Close | 18.69% | 4.03% | 0.22x | Within |
| 2026-11-05 | After-Close | 16.03% | 7.14% | 0.45x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
PAR Options Activity & IV Rank
PAR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 63.5%
7-DTE IV: 75.3%
Expected Move: $3.58
7-DTE Move: $2.72
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 6,173
Put Volume: 3,350
P/C Volume: 0.543
BULLISH
Call OI: 24,895
Put OI: 10,068
P/C OI: 0.404
Total OI: 34,963
ATM Options Pricing
ATM Call: $1.70
ATM Put: $1.88
Call %: 7.6%
Put %: 8.4%
Chain Summary
Chain Volume: 9,523
Chain OI: 34,963
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
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.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
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 →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 68th 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
68%
vs own history
GEX tilt
+0.95
OI-weighted, today
Vanna tilt
+0.81
δ-sensitivity to IV
Charm tilt
-0.82
δ-decay vs time
Vanna tilt +0.81: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.82: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 16 ATM contracts, 11k 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
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
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
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)16.6LowNov 9
IV Rank (30 DTE)17.4LowNov 9
Straddle Price (30 DTE)$3.58Nov 9
Beta Analysis
Risk Metrics
Beta: 1.0777
Alpha: -46.44%
Correlation: 0.2198
R-Squared: 4.8%
Stock Volatility: 67.6%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own PAR
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $6.6M | #1874 of 3716 | +172.2% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $5.0M | #1466 of 3138 | -30.5% | 13F | |
| Citadel Hedge fund Ken Griffin | $4.7M | #2156 of 6285 | +53.9% | 13F | |
| Point72 Hedge fund Steve Cohen | $1.3M | #1407 of 1945 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $14K | #3865 of 4729 | -57.8% | 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
PAR Institutional Ownership (13F)
Filings for 2026-06-30 · 64 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 40,833,250 (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.
14 filers$85.63M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $37.70M | 44.03% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $16.02M | 18.71% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $13.77M | 16.08% | 2026-06-30 |
| 4 | SILVERBACK ASSET MANAGEMENT LLC | $5.23M | 6.10% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $3.62M | 4.22% | 2026-09-30 |
| 6 | HBK INVESTMENTS L P | $2.68M | 3.13% | 2026-06-30 |
| 7 | Voss Capital, LP | $1.62M | 1.89% | 2026-06-30 |
| 8 | IMC-Chicago, LLC Custodian | $1.33M | 1.55% | 2026-09-30 |
| 9 | Walleye Capital LLC | $1.01M | 1.18% | 2026-06-30 |
| 10 | GROUP ONE TRADING LLC Custodian | $815.26K | 0.95% | 2026-06-30 |
| 11 | D. E. Shaw & Co., Inc. Custodian | $654.99K | 0.76% | 2026-06-30 |
| 12 | Caption Management, LLC | $498.21K | 0.58% | 2026-06-30 |
| 13 | K2 PRINCIPAL FUND, L.P. | $348.40K | 0.41% | 2026-06-30 |
| 14 | Walleye Trading LLC | $337.95K | 0.39% | 2026-06-30 |
13 filers$43.55M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $12.77M | 29.33% | 2026-06-30 |
| 2 | Parallax Volatility Advisers, L.P. | $10.28M | 23.60% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $4.65M | 10.68% | 2026-06-30 |
| 4 | Jane Street Group, LLC Custodian | $3.65M | 8.39% | 2026-06-30 |
| 5 | Caption Management, LLC | $2.85M | 6.55% | 2026-06-30 |
| 6 | Crawford Fund Management, LLC | $2.37M | 5.44% | 2026-06-30 |
| 7 | Walleye Capital LLC | $1.22M | 2.81% | 2026-06-30 |
| 8 | WOLVERINE ASSET MANAGEMENT LLC | $1.21M | 2.77% | 2026-09-30 |
| 9 | D. E. Shaw & Co., Inc. Custodian | $1.16M | 2.67% | 2026-06-30 |
| 10 | IMC-Chicago, LLC Custodian | $1.08M | 2.49% | 2026-09-30 |
| 11 | Simplex Trading, LLC Custodian | $1.08M | 2.48% | 2026-09-30 |
| 12 | Walleye Trading LLC | $613.18K | 1.41% | 2026-06-30 |
| 13 | GROUP ONE TRADING LLC Custodian | $595.76K | 1.37% | 2026-06-30 |
PAR Insider Trading (Form 4)
Latest: 2026-09-08Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-08 | Elizabeth M Codner | Chief Human Resources Officer | Sell (S) | −653 | $19.29 | -$12.6K | EDGAR |
| 2026-08-18 | Oliver Ostertag | President, Growth & AI | Sell (S) | −11,829 | $18.75 | -$221.8K | EDGAR |
| 2026-08-13 | Narinder Singh | Director | Buy (P) | +11,517 | $17.36 | $199.9K | EDGAR |
| 2026-06-15 | Keith Pascal | Director | Buy (P) | +13,000 | $15.16 | $197.1K | EDGAR |
| 2026-06-15 | Voss Value-Oriented Special Situations Fund, LP | 10%+ Owner | Buy (P) | +350,000 | $14.46 | $5.06M | EDGAR |
| 2026-06-10 | James C Stoffel | Director | Award (A) | +11,490 | — | EDGAR | |
| 2026-06-10 | Douglas Gregory Rauch | Director | Award (A) | +11,490 | — | EDGAR | |
| 2026-06-10 | Narinder Singh | Director | Award (A) | +11,490 | — | EDGAR | |
| 2026-06-10 | Keith Pascal | Director | Award (A) | +11,490 | — | EDGAR | |
| 2026-06-10 | Cynthia A Russo | Director | Award (A) | +11,490 | — | EDGAR | |
| 2026-06-10 | Linda M. Crawford | Director | Award (A) | +11,490 | — | EDGAR | |
| 2026-06-04 | Michael Anthony Steenberge | SVP Finance & Transformation | Sell (S) | −498 | $14.20 | -$7.1K | EDGAR |
| 2026-06-03 | Cathy A King | CLO & Corporate Secretary | Mixed Exer +20,000 · Sell −20,000 |
— | $10.25 | -$205.2K | EDGAR |
| 2026-05-18 | Voss Value-Oriented Special Situations Fund, LP | 10%+ Owner | Buy (P) | +719,900 | $14.59 | $10.50M | EDGAR |
| 2026-05-13 | Michael Anthony Steenberge | SVP Finance & Transformation | Award (A) | +26,517 | — | 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.
PAR Insider Holdings
14 insiders · @ $22.04
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 | Voss Value-Oriented Special Situations Fund, LP | 10%+ Owner | 5,124,861 | $112.95M | $30.24M | 3 | 2026-06-15 |
| 2 | Savneet Singh | CEO & President | 624,428 | $13.76M | -$1.40M | 35 | 2026-05-13 |
| 3 | Voss Value Master Fund, LP | 10%+ Owner | 145,000 | $3.20M | $7.10M | 1 | 2026-01-07 |
| 4 | Bryan A Menar | Chief Financial Officer | 142,809 | $3.15M | -$1.56M | 33 | 2026-05-13 |
| 5 | Cathy A King | CLO & Corporate Secretary | 122,919 | $2.71M | -$442.2K | 12 | 2026-06-03 |
| 6 | Oliver Ostertag | President, Growth & AI | 113,894 | $2.51M | -$221.8K | 2 | 2026-08-18 |
| 7 | Cynthia A Russo | Director | 62,940 | $1.39M | $0 | 12 | 2026-06-10 |
| 8 | Michael Anthony Steenberge | SVP Finance & Transformation | 52,240 | $1.15M | -$58.7K | 10 | 2026-06-04 |
| 9 | James C Stoffel | Director | 42,680 | $940.7K | $0 | 10 | 2026-06-10 |
| 10 | Keith Pascal | Director | 41,749 | $920.1K | $197.1K | 8 | 2026-06-15 |
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.
PAR Board & Officers
As of SEC filings through Sep 8, 2026Directors 7
- Cynthia A Russo · since May 28, 2015
- Douglas Gregory Rauch · since Nov 29, 2017
- James C Stoffel · since Nov 29, 2017
- Savneet Singh · since Apr 20, 2018
- Keith Pascal · since Apr 8, 2021
- Narinder Singh · since Jun 4, 2021
- Linda M. Crawford · since Dec 5, 2023
Officers 6
- Savneet Singh · CEO & President · listed since Mar 2019
- Oliver Ostertag · President, Growth & AI · listed since May 2026
- Bryan A Menar · Chief Financial Officer · listed since Mar 2024
- Elizabeth M Codner · Chief Human Resources Officer · since Feb 17, 2026
- Cathy A King · CLO & Corporate Secretary · listed since Mar 2024
- Michael Anthony Steenberge · SVP Finance & Transformation · listed since May 2026
10% owners 5
- Travis W. Cocke · since Dec 30, 2025
- Voss Advisors GP, LLC (entity) · since Dec 30, 2025
- Voss Capital, LP (entity) · since Dec 30, 2025
- Voss Value Master Fund, LP (entity) · since Dec 30, 2025
- Voss Value-Oriented Special Situations Fund, LP (entity) · since Dec 30, 2025
Changes in the last 10 years (36)
| May 13, 2026 | Oliver Ostertag listed as President, Growth & AI (previously President) in SEC filings |
| May 13, 2026 | Michael Anthony Steenberge listed as SVP Finance & Transformation (previously Chief Accounting Officer) in SEC filings |
| Mar 26, 2026 | Oliver Ostertag became President |
| Feb 17, 2026 | Elizabeth M Codner became Chief Human Resources Officer |
| Dec 30, 2025 | Voss Value-Oriented Special Situations Fund, LP became a 10% owner |
| Dec 30, 2025 | Voss Value Master Fund, LP became a 10% owner |
| Dec 30, 2025 | Voss Capital, LP became a 10% owner |
| Dec 30, 2025 | Voss Advisors GP, LLC became a 10% owner |
| Dec 30, 2025 | Travis W. Cocke became a 10% owner |
| Jun 7, 2024 | The company announced the departure of Michael David Nelson as President of Subsidiary in an SEC filing |
| Mar 4, 2024 | Cathy A King listed as CLO & Corporate Secretary (previously VP, Gen Counsel & Corp Sec) in SEC filings |
| Mar 4, 2024 | Bryan A Menar listed as Chief Financial Officer (previously VP & Chief Financial Officer) in SEC filings |
| Dec 5, 2023 | Linda M. Crawford became a director |
| Feb 27, 2023 | Michael Anthony Steenberge became Chief Accounting Officer |
| Feb 11, 2022 | Cathy A King became VP, Gen Counsel & Corp Sec |
| Nov 30, 2021 | Michael David Nelson became President of Subsidiary |
| Nov 26, 2021 | The company announced the departure of Matthew R Cicchinelli as President of Subsidiary in an SEC filing |
| Oct 4, 2021 | Raju Malhotra became Chf Product & Tech Officer |
| Jun 4, 2021 | Narinder Singh became a director |
| Apr 8, 2021 | Keith Pascal became a director |
| Feb 16, 2021 | John W Sammon Jr first listed as a 10% owner in an SEC filing |
| Jun 5, 2020 | John W Sammon Jr no longer listed as a 10% owner in SEC filings |
| Jan 27, 2020 | Matthew R Cicchinelli listed as President of Subsidiary (previously President, PGSC & RRC) in SEC filings |
| Dec 9, 2019 | Sammon Family Limited Partnership reported in an SEC filing no longer being a 10% owner |
| Dec 9, 2019 | J. W. Sammon Corp. reported in an SEC filing no longer being a 10% owner |
| Mar 29, 2019 | Savneet Singh first listed as CEO & President in an SEC filing |
| Jun 21, 2018 | Adam D Wyden became a 10% owner |
| Jun 21, 2018 | ADW Capital Partners, L.P. became a 10% owner |
| Jun 21, 2018 | ADW Capital Management, LLC became a 10% owner |
| Apr 20, 2018 | Savneet Singh became a director |
| Nov 29, 2017 | James C Stoffel became a director |
| Nov 29, 2017 | Douglas Gregory Rauch became a director |
| May 19, 2017 | Donald H Foley first listed as CEO & President in an SEC filing |
| May 12, 2017 | Matthew J Trinkaus reported in an SEC filing no longer being CAO & Corporate Controller |
| Apr 27, 2017 | Ronald J Casciano reported in an SEC filing no longer being a director |
| Jan 3, 2017 | Bryan A Menar became VP & Chief Financial Officer |
Not reported recently (8)
- Raju Malhotra · Last reported as Chf Product & Tech Officer in an SEC filing dated Mar 7, 2023
- John W Sammon Jr · Last reported as a director in an SEC filing dated Feb 16, 2021
- Donald H Foley · Last reported as a director in an SEC filing dated Aug 15, 2018
- ADW Capital Management, LLC · Last reported as a 10% owner in an SEC filing dated Jun 29, 2018
- ADW Capital Partners, L.P. · Last reported as a 10% owner in an SEC filing dated Jun 29, 2018
- Adam D Wyden · Last reported as a 10% owner in an SEC filing dated Jun 29, 2018
- Paul Eurek · Last reported as a director in an SEC filing dated Nov 20, 2017
- Todd E Tyler · Last reported as a director in an SEC filing dated Nov 20, 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.
PAR Proposed Insider Sales (Form 144)
Latest: 2026-08-14
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
1 filing
· $220K notice value
· 1 unique filer
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:
Oliver Ostertag (1, $220K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-08-14 | Oliver Ostertag | President, Growth Platforms & AI | 11,829 | $220.1K | 2026-08-14 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-06-02 | CATHY KING | Officer | 20,000 | $325.2K | 2026-06-02 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-03 | Cathy King | Officer | 8,215 | $134.6K | 2026-03-03 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-03 | Savneet Singh | Director, Officer | 77,389 | $1.27M | 2026-03-03 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-03 | Bryan Menar | Officer | 8,859 | $145.2K | 2026-03-03 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-01-05 | Savneet Singh | Director, Officer | 3,608 | $128.9K | 2026-01-05 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-12-10 | BRYAN A MENAR | Officer | 6,500 | $231.0K | 2025-12-10 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-09-10 | BRYAN A MENAR | Officer | 6,500 | $304.6K | 2025-09-10 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-06-10 | BRYAN A MENAR | Officer | 6,500 | $439.1K | 2025-06-10 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-06-09 | NARINDER SINGH | Director | 1,500 | $100.0K | 2025-06-09 | Morgan Stanley Smith Barney LLC … | 10b5-1 | 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: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
36 ETFs hold PAR
25 shown · $90.07M total exposure · 0.02% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.03% | $22.3M | $76.6B | 2026-11-06 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $17.3M | — | 2026-09-30 |
| 3 | VGT Vanguard Information Technology ETF | Vanguard | 0.01% | $12.7M | — | 2026-09-30 |
| 4 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.06% | $8.2M | $13.9B | 2026-11-06 |
| 5 | VXF Vanguard Extended Market ETF | Vanguard | 0.01% | $6.4M | — | 2026-09-30 |
| 6 | XSW State Street® SPDR® S&P® Software & Services ETF | SPDR (State Street) | 0.80% | $4.0M | $500.3M | 2026-11-05 |
| 7 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.02% | $3.7M | — | 2026-08-31 |
| 8 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.02% | $3.4M | — | 2026-09-30 |
| 9 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.01% | $2.2M | $19.1B | 2026-11-05 |
| 10 | ESML iShares ESG Aware MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.07% | $1.9M | $2.7B | 2026-11-06 |
| 11 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $1.2M | $93.2B | 2026-11-06 |
| 12 | FSCC Federated Hermes MDT Small Cap Core ETF | Nport | 0.33% | $1.2M | — | 2026-08-31 |
| 13 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.04% | $1.0M | — | 2026-07-31 |
| 14 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.01% | $798,962 | $6.6B | 2026-11-05 |
| 15 | ISMD Inspire Small/Mid Cap ETF | Nport | 0.22% | $734,591 | — | 2026-08-31 |
| 16 | NUSC Nuveen ESG Small-Cap ETF | Nport | 0.04% | $565,486 | — | 2026-07-31 |
| 17 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $537,736 | — | 2026-08-31 |
| 18 | VTWV Vanguard Russell 2000 Value ETF | Vanguard | 0.04% | $535,636 | — | 2026-09-30 |
| 19 | RSSL Global X Russell 2000 ETF | Global X | 0.03% | $411,308 | — | 2026-11-06 |
| 20 | GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF | Goldman | 0.03% | $262,171 | $1.0B | 2026-11-05 |
| 21 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.00% | $219,036 | — | 2026-11-05 |
| 22 | IWV iShares Russell 3000 ETF | iShares (BlackRock) | 0.00% | $215,775 | $19.7B | 2026-11-06 |
| 23 | EES WisdomTree U.S. SmallCap Fund | Nport | 0.02% | $119,693 | — | 2026-06-30 |
| 24 | RFLR Innovator U.S. Small Cap Managed Floor ETF | Innovator | 0.07% | $67,301 | $94.5M | 2026-11-06 |
| 25 | SPGM State Street® SPDR® Portfolio MSCI Global Stock Market ETF | SPDR (State Street) | 0.00% | $66,965 | $1.7B | 2026-11-05 |
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
$-1.76
TTM Revenue
$496.67M
TTM Net Income
$-72.14M
TTM Op. Cash Flow
$-12.78M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $133.41M | $-16.90M | $-0.41 | $7.22M |
| Q1 '26 | 2026-03-31 | $123.97M | $-16.17M | $-0.39 | $-16.64M |
| Q4 '25 | 2025-12-31 | $120.10M | $-20.89M | $-0.51 | $-11.75M |
| Q3 '25 | 2025-09-30 | $119.18M | $-18.18M | $-0.45 | $8.39M |
| Q2 '25 | 2025-06-30 | $112.40M | $-21.04M | $-0.52 | $-6.63M |
| Q1 '25 | 2025-03-31 | $103.86M | $-24.35M | $-0.60 | $-17.17M |
| Q4 '24 | 2024-12-31 | $105.00M | $-21.06M | $-0.62 | $3.38M |
| Q3 '24 | 2024-09-30 | $96.75M | $-19.83M | $-0.56 | $8.80M |
| Q2 '24 | 2024-06-30 | $78.15M | $54.19M | $1.60 | $-13.85M |
| Q1 '24 | 2024-03-31 | $70.07M | $-18.29M | $-0.62 | $-23.58M |
| Q4 '23 | 2023-12-31 | $69.90M | $-18.63M | $-0.67 | $10.61M |
| Q3 '23 | 2023-09-30 | $68.70M | $-15.52M | $-0.56 | $-5.69M |
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
1.11
P/S
1.81
EV/EBITDA
—
EV/Sales
2.51
ROE
-8.9%
ROA
-5.3%
Div Yield
0.00%
FCF Yield
-1.42%
Debt/Equity
0.52
Current Ratio
—
Market Cap
$900.37M
as of 2026-11-09
PAR vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| PTC PTC, INC | $21.2B | 19.0 | +19.5% | +15.1% | 1 |
| NTSK Netskope, Inc. Class A Common Stock | $8.7B | — | — | +33.5% | 63 |
| BOX BOX, INC. | $5.8B | 60.5 | +9.6% | +44.9% | 88 |
| YOU Clear Secure, Inc. | $5.6B | 32.6 | +22.9% | +61.2% | 0 |
| BRZE Braze, Inc. Class A Common Stock | $5.2B | — | +27.0% | +41.4% | 5 |
| APPN Appian Corporation Class A Common Stock | $3.7B | — | +22.0% | +50.6% | 28 |
| VIA Via Transportation, Inc. | $3.1B | — | — | +60.8% | 3 |
| GDYN Grid Dynamics Holdings, Inc. Class A Com | $1.1B | 146.9 | +6.6% | +49.8% | 7 |
| PAR PAR Technology Corp. | $850M | — | +18.8% | −38.3% | 17 |
| Peer median | $5.4B | 46.5 | +20.8% | +47.3% | 6 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
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
8.88M
SI % of Float
23.23%
Days to Cover
12.10
Short Vol Ratio
41.0%
Free Float
38.24M
Float %
92.4%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-08-14