The Motley FoolT3·5mo ago
QTWO Q2 Holdings Inc
XNYS
69.08
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.
QTWO
$69.08
—
Key stats
$69.08
- 52-Week Range
- $40.79 – $76.24
- YTD
- -0.51%
- IV Rank (30D)
- 63.12
- Straddle Price
- $9.70
- P/C Vol Ratio
- 2.56
- Market Cap
- $4.1B
- Open
- $67.00
- Day Range
- $66.61 – $69.25
- Volume
- 340,229
- Prev Close
- $66.41
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.43 |
| Cost of Equity (CAPM) | 12.99% (VRP-adj) |
| WACC | 13.01% |
| Volatility Risk Premium | +63.7pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 5.6% |
| Rev. Growth (YoY, DCF input) | +9.0% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.09 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.2B |
| Return on Equity (TTM) | 14.3% |
| Book / Price | 14.5% |
| Gross Margin (TTM) | 57.0% |
| FCF Margin (TTM) | 23.9% |
| Debt / Equity | 0.00 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +16.3% (reverse-DCF on current price) |
| SMA 50 | $60.88 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $58.91 |
| Bollinger Width / SMA20 | 37.2% (drives anchor stability) |
| Net Debt | $-0.1B |
| Market Cap | $4B |
Peers used for multiples: EVLV, IPGP, NCNO, RAMP, RDDT, SITM, TOST, VRNS
60-Day Conviction
61%
20-Day Fair Value
≈ by Nov 20, 2026
$68.85
α -0.3%
rank 30%
conviction
22%
40-Day Fair Value
≈ by Dec 21, 2026
$68.59
α -0.7%
rank 30%
conviction
21%
60-Day Fair Value
≈ by Jan 19, 2027
$67.83
α -1.8%
rank 30%
conviction
61%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $44.06 | 23% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $81.46 | 7% | median 53.4× · 6 peers |
| Peer EV/EBITDA | $85.54 | 7% | median 30.6× · 6 peers |
| Peer P/B | $75.04 | 7% | median 7.8× · 8 peers |
| Peer P/S | $56.34 | 7% | median 4.1× · 8 peers |
| Market Anchor (SMA50) | $60.88 | 31% | stability 68% (BB-width) |
| Options Expected (B-L 30d) | $66.95 | 19% | 17 strikes · skew +0.22 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
- Exchange
- XNYS
- Market Cap
- $4.1B
- Employees
- 2,549
- List Date
- 2014-03-20
- CIK
- 0001410384
- Next Earnings
- 2026-10-28 (After-Close)
- EPS Forecast
- $0.46 (6 est.)
- Headquarters
- Austin, TX
- Homepage
- https://www.q2.com
Q2 Holdings Inc provides digital solutions to financial institutions, financial technology companies, and alternative finance companies, seeking to incorporate banking into their customer engagement and servicing strategies. The company helps its clients with supervisory, consumer protection, privacy, third-party risk management requirements, and cyber threats and fraud, among other applications, by offering a portfolio of digital solutions, which comprises its digital banking offerings, digital lending and relationship pricing solutions, risk and fraud solutions, as well as Q2 Innovation Stud…
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 | 3.28% | -19.55% | 20.38% | 0.69% | -4.39% | -11.78% | -1.90% |
| Feb | -7.00% | 0.29% | -4.38% | 9.89% | -7.61% | -20.46% | -4.88% |
| Mar | -19.84% | -3.26% | -22.82% | 13.59% | -4.86% | -5.85% | -7.17% |
| Apr | 0.89% | -17.11% | 1.95% | 1.60% | -2.72% | 7.07% | -1.39% |
| May | -7.83% | -0.57% | 20.38% | 17.57% | 10.57% | -7.57% | 5.42% |
| Jun | 7.56% | -25.22% | 8.80% | -0.51% | 6.79% | -8.50% | -1.85% |
| Jul | -0.25% | 10.97% | 15.27% | 12.10% | -12.26% | 20.01% | 7.64% |
| Aug | -12.44% | -10.80% | -3.91% | 5.94% | 2.87% | 4.15% | -2.36% |
| Sep | -11.22% | -15.68% | -8.30% | 10.41% | -5.66% | -13.25% | -7.28% |
| Oct | -4.01% | -5.28% | -6.54% | 8.78% | -9.34% | 22.30%* | 0.98% |
| Nov | 2.29% | -12.90% | 19.19% | 23.09% | 15.21% | -- | 9.38% |
| Dec | 4.43% | -3.59% | 15.70% | -5.59% | -0.04% | -- | 2.18% |
| Total | -38.77% | -68.06% | 55.29% | 147.58% | -14.18% | -20.67% | 10.20% |
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: $59.55
SMA 50: $61.01
SMA 200: $54.65
Current: $69.11
EMA 12: $62.77
EMA 26: $60.93
MACD: 1.8436 | Signal: 1.2519
BULLISH
ADX (14): 28.95
TREND
+DI: 45.35
−DI: 10.49
Momentum Oscillators
RSI (14): 80.31
OVERBOUGHT
Stoch %K: 93.94
Stoch %D: 88.59
Williams %R: -1.04
Volume & Volatility
BB Upper: $67.27
BB Lower: $51.82
OVERBOUGHT
OBV: -22,004,382
Vol SMA 20: 571,449
Vol ROC: -39.58%
ATR: $2.05
True Range: $2.84
HV 20: 31.5%
HV 30: 32.9%
HV 60: 31.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL (Confidence level: 6/10)
Key drivers:
- Trend direction: Range-bound, with short-term downtrend
- Support/resistance levels: $45.05 (SMA 20) and $40.50 (Lower Bollinger Band)
- Momentum signals:
- RSI neutral at 50.63
- MACD bearish with -0.83 histogram
- Stochastic %K and %D indicate consolidation
Primary risks:
- High IV premium vs HV30, indicating potential for a sharp move up or down
- Bearish MACD signal and declining price action suggest continued consolidation
Investment thesis: QTWO's recent price action has been range-bound, with no clear directional bias. The stock's beta is relatively low, indicating less volatility than the market. Recent news headlines have been generally positive, but options activity suggests a mixed sentiment.
Recent news sentiment impact: Neutral, as there are no significant news events recently that would drive the stock's price action.
Technical Analysis
Trend direction:
- Short-term (1-4 weeks): Downtrend
- Medium-term (1-3 months): Range-bound
- Long-term (3-12 months): Uptrend
Support/resistance levels:
- SMA 20: $45.05 (support)
- Middle Bollinger Band: $45.05 (resistance)
- Lower Bollinger Band: $40.50 (support)
Momentum signals: + RSI neutral at 50.63 + MACD bearish with -0.83 histogram + Stochastic %K and %D indicate consolidation
Volume analysis:
- Volume SMA 20: 670392.90 (high volume)
- On-Balance Volume (OBV): -26423319.93 (bearish signal)
- Volume Rate of Change: -98.51% (very low volume)
News & Sentiment Analysis
Recent headlines summary:
- Neutral sentiment from The Motley Fool
- Positive sentiment from Investing.com and Benzinga
- No significant news recently that would drive the stock's price action
Sentiment assessment: Mixed, with more positive than negative headlines.
Catalyst identification:
- Upcoming events: None mentioned in recent news articles
Market narrative: The market narrative is mixed, reflecting the range-bound nature of QTWO's price action. The options market pricing a potential move up or down suggests a high degree of uncertainty.
Risk & Volatility Assessment
Beta interpretation: 0.60 (low risk relative to SPY)
Volatility regime: Historically low volatility, with a stock volatility score of 0.44.
Options market signals:
- IV rank: 35.6% (medium)
- Put/call ratios: Bearish sentiment
Downside protection: Support levels at $45.05 (SMA 20) and $40.50 (Lower Bollinger Band)
Market Context & Positioning
Sector performance: QTWO is a fintech stock, which has been trending higher in recent months.
Institutional activity: High volume suggests institutional interest.
Correlation analysis: QTWO's price action is relatively independent of the broader market.
Relative valuation: QTWO is trading within its historical range, with no clear directional bias.
Key Levels & Action Items
Critical price levels:
- SMA 20: $45.05 (support)
- Middle Bollinger Band: $45.05 (resistance)
Breakout/breakdown levels:
- Lower Bollinger Band: $40.50 (support)
Time-sensitive catalysts: None mentioned in recent news articles.
Risk management: Consider stop-loss levels at $42.50 (Lower Bollinger Band) and position sizing based on market conditions.
Generated
News
All QTWO news →
Investing.comT3·6mo ago
BenzingaT3·8mo ago
The Motley FoolT3·12mo ago
GlobeNewswire Inc.T3·17mo ago
GlobeNewswire Inc.T3·20mo ago
GlobeNewswire Inc.T3·22mo ago
BenzingaT3·24mo ago
Investing.comT3·27mo ago
Zacks Investment ResearchT3·29mo ago
Showing 1–10 of 50
Page 1 of 5
Earnings History
16 of 23 under expected move
Avg Expected Move
10.48%
Avg Actual Move
7.02%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-17 | After-Close | 7.26% | 5.07% | 0.70x | Within |
| 2021-05-05 | After-Close | 6.68% | 0.61% | 0.09x | Within |
| 2021-08-04 | After-Close | 4.65% | 6.46% | 1.39x | Exceeded |
| 2021-11-03 | After-Close | 9.38% | 12.05% | 1.28x | Exceeded |
| 2022-02-15 | After-Close | 7.40% | 0.20% | 0.03x | Within |
| 2022-05-02 | After-Close | 9.43% | 7.03% | 0.75x | Within |
| 2022-08-03 | After-Close | 11.54% | 3.63% | 0.31x | Within |
| 2022-11-07 | After-Close | 12.63% | 7.72% | 0.61x | Within |
| 2023-02-21 | After-Close | 13.87% | 2.49% | 0.18x | Within |
| 2023-05-09 | After-Close | 13.40% | 10.18% | 0.76x | Within |
| 2023-08-02 | After-Close | 9.49% | 1.90% | 0.20x | Within |
| 2023-11-01 | After-Close | 11.85% | 10.77% | 0.91x | Within |
| 2024-02-21 | After-Close | 10.95% | 9.89% | 0.90x | Within |
| 2024-05-01 | After-Close | 10.59% | 15.17% | 1.43x | Exceeded |
| 2024-07-31 | After-Close | 11.60% | 3.82% | 0.33x | Within |
| 2024-11-06 | After-Close | 9.78% | 12.98% | 1.33x | Exceeded |
| 2025-02-12 | After-Close | 9.02% | 0.91% | 0.10x | Within |
| 2025-05-07 | After-Close | 10.21% | 13.05% | 1.28x | Exceeded |
| 2025-07-30 | After-Close | 9.39% | 9.77% | 1.04x | Exceeded |
| 2025-11-05 | After-Close | 12.23% | 14.81% | 1.21x | Exceeded |
| 2026-02-11 | After-Close | 13.56% | 7.36% | 0.54x | Within |
| 2026-04-29 | After-Close | 13.09% | 3.35% | 0.26x | Within |
| 2026-07-29 | After-Close | 13.08% | 2.23% | 0.17x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
QTWO Options Activity & IV Rank
QTWO IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 60.4%
7-DTE IV: —
Expected Move: $9.70
7-DTE Move: $9.70
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 25
Put Volume: 64
P/C Volume: 2.56
BEARISH
Call OI: 349
Put OI: 197
P/C OI: 0.564
Total OI: 546
ATM Options Pricing
ATM Call: $4.15
ATM Put: $5.55
Call %: 6.0%
Put %: 8.0%
Chain Summary
Chain Volume: 314
Chain OI: 1,202
Last Updated: 10/22/2026
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 72nd 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
72%
vs own history
GEX tilt
+0.73
OI-weighted, today
Vanna tilt
+0.39
δ-sensitivity to IV
Charm tilt
-0.33
δ-decay vs time
Vanna tilt +0.39: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.33: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 8 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
No data
30 DTE / 10d
31%
+8.9
pts
EXTREME
ATM 61.5% / Wing 70.3%
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)63.1MediumOct 22
Straddle Price (30 DTE)$9.70Oct 22
Beta Analysis
Risk Metrics
Beta: 0.3026
Alpha: 17.11%
Correlation: 0.0869
R-Squared: 0.8%
Stock Volatility: 44.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own QTWO
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $86.9M | #384 of 3716 | +124.1% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $22.0M | #461 of 4729 | +29.8% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $7.0M | #1259 of 3138 | -31.7% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $2.1M | #705 of 997 | +121.5% | 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
QTWO Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 67,010,750 (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.
5 filers$1.75M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $745.55K | 42.70% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $557.96K | 31.96% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $351.13K | 20.11% | 2026-06-30 |
| 4 | Walleye Trading LLC | $57.72K | 3.31% | 2026-06-30 |
| 5 | Walleye Capital LLC | $33.67K | 1.93% | 2026-06-30 |
4 filers$1.34M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $495.43K | 36.85% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $392.09K | 29.16% | 2025-09-30 |
| 3 | Walleye Trading LLC | $245.31K | 18.25% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $211.64K | 15.74% | 2026-06-30 |
QTWO Insider Trading (Form 4)
Latest: 2026-09-11Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-09-11 | Michael S Kerr | General Counsel | Sell (S) | −636 | $60.96 | -$38.8K | EDGAR |
| 2026-08-14 | Jonathan Price | Chief Financial Officer | Sell (S) | −77,180 | $65.71 | -$5.07M | EDGAR |
| 2026-08-12 | Kimberly Anne Rutledge | Chief People Officer | Sell (S) | −10,000 | $63.07 | -$630.7K | EDGAR |
| 2026-06-12 | Lynn Antipas Tyson | Director | Award (A) | +4,741 | — | EDGAR | |
| 2026-06-12 | Rebecca Lynn Atchison | Director | Award (A) | +4,741 | — | EDGAR | |
| 2026-06-12 | Kirk L Coleman | Chief Business Officer | Sell (S) | −3,603 | $43.48 | -$156.7K | EDGAR |
| 2026-06-12 | Stephen C Hooley | Director | Award (A) | +4,741 | — | EDGAR | |
| 2026-06-12 | Andre L Mintz | Director | Award (A) | +4,741 | — | EDGAR | |
| 2026-06-12 | James Offerdahl | Director | Award (A) | +4,741 | — | EDGAR | |
| 2026-06-12 | Margaret Taylor | Director | Award (A) | +4,741 | — | EDGAR | |
| 2026-06-03 | Kirk L Coleman | Chief Business Officer | Mixed | +14,001 | $49.50 | -$1.03M | EDGAR |
| 2026-05-14 | Michael S Kerr | General Counsel | Sell (S) | −397 | $44.98 | -$17.9K | EDGAR |
| 2026-03-13 | John E Breeden | Chief Delivery Officer | Mixed | +48,892 | $50.34 | -$449.2K | EDGAR |
| 2026-03-13 | Matthew P Flake | Chief Executive Officer | Award (A) | +192,716 | — | EDGAR | |
| 2026-03-13 | Michael S Kerr | General Counsel | Mixed | +34,545 | $50.33 | -$104.2K | 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.
QTWO Insider Holdings
15 insiders · @ $69.11
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 | Matthew P Flake | Chief Executive Officer | 656,644 | $45.38M | -$173.41M | 97 | 2026-03-13 |
| 2 | Kirk L Coleman | Chief Business Officer | 329,658 | $22.78M | -$18.63M | 24 | 2026-06-12 |
| 3 | Jonathan Price | Chief Financial Officer | 207,633 | $14.35M | -$18.81M | 26 | 2026-08-14 |
| 4 | Michael A. Volanoski | Chief Revenue Officer | 171,635 | $11.86M | -$11.74M | 22 | 2025-12-12 |
| 5 | Himagiri K Mukkamala | Chief Operating Officer | 131,454 | $9.08M | -$381.0K | 4 | 2026-03-13 |
| 6 | John E Breeden | Chief Delivery Officer | 127,344 | $8.80M | -$39.96M | 82 | 2026-03-13 |
| 7 | Kimberly Anne Rutledge | Chief People Officer | 113,913 | $7.87M | -$15.11M | 29 | 2026-08-12 |
| 8 | Michael S Kerr | General Counsel | 80,739 | $5.58M | -$3.50M | 21 | 2026-09-11 |
| 9 | Jeffrey T Diehl | Director | 33,121 | $2.29M | -$399.24M | 50 | 2024-11-27 |
| 10 | Rebecca Lynn Atchison | Director | 26,981 | $1.86M | -$699.3K | 13 | 2026-06-12 |
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.
QTWO Board & Officers
As of SEC filings through Sep 11, 2026Directors 7
- James Offerdahl · since Mar 19, 2014
- Matthew P Flake · since Mar 19, 2014
- Rebecca Lynn Atchison · since Mar 30, 2017
- Margaret Taylor · since Jun 22, 2020
- Stephen C Hooley · since Aug 3, 2020
- Lynn Antipas Tyson · since Apr 26, 2021
- Andre L Mintz · since Mar 1, 2025
Officers 7
- Matthew P Flake · Chief Executive Officer · listed since Jan 2024
- Jonathan Price · Chief Financial Officer · listed since Nov 2024
- Himagiri K Mukkamala · Chief Operating Officer · listed since Dec 2025
- Kimberly Anne Rutledge · Chief People Officer · listed since Dec 2023
- John E Breeden · Chief Delivery Officer · listed since Mar 2025
- Kirk L Coleman · Chief Business Officer · listed since Dec 2025
- Michael S Kerr · General Counsel · listed since Mar 2023
Changes in the last 10 years (42)
| Dec 12, 2025 | Michael A. Volanoski reported in an SEC filing no longer being Chief Revenue Officer |
| Dec 11, 2025 | Kirk L Coleman listed as Chief Business Officer (previously President) in SEC filings |
| Dec 11, 2025 | Himagiri K Mukkamala listed as Chief Operating Officer (previously Chief Development Officer) in SEC filings |
| Mar 7, 2025 | The company announced the departure of Jeffrey T Diehl from the board in an SEC filing |
| Mar 7, 2025 | Himagiri K Mukkamala became Chief Development Officer |
| Mar 6, 2025 | John E Breeden listed as Chief Delivery Officer (previously Chief Operating Officer) in SEC filings |
| Mar 1, 2025 | Andre L Mintz became a director |
| Nov 18, 2024 | Jonathan Price listed as Chief Financial Officer (previously EVP, Strategy & Emerging Bus.) in SEC filings |
| Sep 19, 2024 | The company announced the departure of David J Mehok as Chief Financial Officer in an SEC filing |
| May 6, 2024 | The company announced the departure of R. H. Seale from the board in an SEC filing |
| Mar 6, 2024 | Jonathan Price listed as EVP, Strategy & Emerging Bus. (previously EVP, Emg Bus, Corp & Bus Dev) in SEC filings |
| Jan 24, 2024 | Matthew P Flake listed as Chief Executive Officer (previously President and CEO) in SEC filings |
| Dec 15, 2023 | Kimberly Anne Rutledge listed as Chief People Officer (previously EVP, People) in SEC filings |
| Jun 2, 2023 | Kirk L Coleman listed as President (previously Chief Banking Officer) in SEC filings |
| Mar 6, 2023 | Michael S Kerr listed as General Counsel (previously SVP, General Counsel) in SEC filings |
| Dec 6, 2022 | Kirk L Coleman became Chief Banking Officer |
| Aug 8, 2022 | Michael S Kerr became SVP, General Counsel |
| Mar 7, 2022 | Kimberly Anne Rutledge listed as EVP, People (previously SVP, People) in SEC filings |
| Jun 7, 2021 | Michael A. Volanoski became Chief Revenue Officer |
| Apr 26, 2021 | Lynn Antipas Tyson became a director |
| Mar 18, 2021 | Jonathan Price listed as EVP, Emg Bus, Corp & Bus Dev (previously SVP, Emg Mkts Corp & Bus Dev) in SEC filings |
| Dec 10, 2020 | John E Breeden listed as Chief Operating Officer (previously EVP, Operations) in SEC filings |
| Nov 9, 2020 | David J Mehok became Chief Financial Officer |
| Aug 3, 2020 | Stephen C Hooley became a director |
| Jun 22, 2020 | Margaret Taylor became a director |
| Mar 18, 2020 | Jonathan Price listed as SVP, Emg Mkts Corp & Bus Dev (previously SVP, Corp and Business Dev) in SEC filings |
| Mar 17, 2020 | Jonathan Price first on file as SVP, Corp and Business Dev |
| Mar 13, 2020 | Anthony Charles Hall became SVP, Product and Engineering |
| Mar 12, 2020 | Bharath Oruganti became SVP, Service Delivery |
| Feb 20, 2020 | William M Furrer listed as CSO and CMO (previously Chief Strategy Officer) in SEC filings |
| Feb 20, 2020 | John E Breeden listed as EVP, Operations (previously EVP, Emerging Markets) in SEC filings |
| Nov 22, 2019 | Kimberly Anne Rutledge listed as SVP, People (previously SVP, Human Resources) in SEC filings |
| Jun 18, 2019 | John E Breeden listed as EVP, Emerging Markets (previously EVP, Operations) in SEC filings |
| Mar 8, 2019 | Odus Edward Wittenburg Jr listed as EVP, Customer Experience (previously President) in SEC filings |
| Mar 8, 2019 | Matthew P Flake listed as President and CEO (previously CEO) in SEC filings |
| Jan 18, 2019 | Rekha Garapati became EVP, Products and Operations |
| Nov 1, 2017 | Christine Petersen became Chief Revenue Officer |
| Oct 2, 2017 | Kimberly Anne Rutledge became SVP, Human Resources |
| Jun 12, 2017 | R. H. Seale no longer listed as a 10% owner in SEC filings |
| Jun 12, 2017 | Jeffrey T Diehl no longer listed as a 10% owner in SEC filings |
| Mar 30, 2017 | Rebecca Lynn Atchison became a director |
| Feb 22, 2017 | Matthew P Flake listed as CEO (previously President and CEO) in SEC filings |
Not reported recently (16)
- Barry G Benton · Last reported as SVP, General Counsel in an SEC filing dated Mar 11, 2022
- Charles T Doyle · Last reported as a director in an SEC filing dated Feb 24, 2021
- Adam D Blue · Last reported as Chief Technology Officer in an SEC filing dated Dec 22, 2020
- Jennifer Noel Harris · Last reported as Chief Financial Officer in an SEC filing dated Sep 14, 2020
- Bharath Oruganti · Last reported as SVP, Service Delivery in an SEC filing dated Sep 14, 2020
- William M Furrer · Last reported as CSO and CMO in an SEC filing dated Jul 15, 2020
- Anthony Charles Hall · Last reported as SVP, Product and Engineering in an SEC filing dated Jul 15, 2020
- Michael J Maples · Last reported as a director in an SEC filing dated Jun 11, 2020
- Carl James Schaper · Last reported as a director in an SEC filing dated Jun 11, 2020
- Odus Edward Wittenburg Jr · Last reported as EVP, Customer Experience in an SEC filing dated Mar 12, 2020
- Rekha Garapati · Last reported as EVP, Products and Operations in an SEC filing dated Jul 10, 2019
- Christine Petersen · Last reported as Chief Revenue Officer in an SEC filing dated Sep 13, 2018
- Michael Maurice Brown · Last reported as a director in an SEC filing dated Jun 12, 2017
- Adams Street Partners LLC · Last reported as a 10% owner in an SEC filing dated May 26, 2017
- Stephen C Soukup · Last reported as SVP, Sales in an SEC filing dated Nov 29, 2016
- Lorrie Schultz · Last reported as SVP, Marketing in an SEC filing dated Nov 9, 2016
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.
QTWO Proposed Insider Sales (Form 144)
Latest: 2026-09-11
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
3 filings
· $5.5M notice value
· 3 unique filers
· 67% 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:
JONATHAN A PRICE (1, $4.8M) · Kimberly Rutledge (1, $628K) · Kerr Michael S (1, $39K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-11 | Kerr Michael S | Officer | 636 | $38.8K | 2026-09-11 | Morgan Stanley | — | EDGAR |
| 2026-08-13 | JONATHAN A PRICE | Officer | 77,180 | $4.83M | 2026-08-13 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-08-10 | Kimberly Rutledge | Officer | 10,000 | $628.1K | 2026-08-10 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-06-10 | Coleman Kirk L | Officer | 3,603 | $156.6K | 2026-06-10 | Morgan Stanley | — | EDGAR |
| 2026-06-01 | Coleman Kirk L | Officer | 20,894 | $1.03M | 2026-06-01 | Morgan Stanley | — | EDGAR |
| 2026-05-14 | Kerr Michael S | Officer | 397 | $17.9K | 2026-05-14 | Morgan Stanley | — | EDGAR |
| 2026-03-11 | Kimberly Rutledge | Officer | 3,187 | $163.4K | 2026-03-11 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-11 | JOHN BREEDEN | Officer | 8,924 | $457.4K | 2026-03-11 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-11 | MICHAEL SCOTT KERR | Officer | 2,071 | $106.2K | 2026-03-11 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-09 | Mukkamala Himagiri K | Officer | 1,343 | $69.0K | 2026-03-09 | Morgan Stanley | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
122 ETFs hold QTWO
25 shown · $1.02B total exposure · 0.20% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.24% | $245.0M | $103.1B | 2026-10-20 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.14% | $106.7M | $75.1B | 2026-10-20 |
| 3 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $105.3M | — | 2026-09-30 |
| 4 | VGT Vanguard Information Technology ETF | Vanguard | 0.05% | $82.4M | — | 2026-09-30 |
| 5 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.04% | $74.0M | — | 2026-09-30 |
| 6 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.09% | $41.2M | — | 2026-09-30 |
| 7 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $38.9M | — | 2026-09-30 |
| 8 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.29% | $38.6M | $13.6B | 2026-10-20 |
| 9 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.24% | $37.5M | $15.7B | 2026-10-20 |
| 10 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.08% | $28.3M | — | 2026-10-20 |
| 11 | IJT iShares S&P Small-Cap 600 Growth ETF | iShares (BlackRock) | 0.32% | $24.0M | $7.6B | 2026-10-20 |
| 12 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.12% | $20.5M | — | 2026-09-30 |
| 13 | SKYY First Trust Cloud Computing ETF | First Trust | 0.59% | $20.1M | $3.4B | 2026-10-20 |
| 14 | IGV iShares Expanded Tech-Software Sector ETF | iShares (BlackRock) | 0.14% | $20.1M | $14.4B | 2026-10-20 |
| 15 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.29% | $19.0M | $6.6B | 2026-10-20 |
| 16 | RSMC Rockefeller U.S. Small-Mid Cap ETF | Nport | 1.99% | $15.2M | — | 2026-07-31 |
| 17 | SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF | SPDR (State Street) | 0.32% | $14.7M | $4.6B | 2026-10-20 |
| 18 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.06% | $14.2M | — | 2026-05-31 |
| 19 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.17% | $12.6M | $7.6B | 2026-10-20 |
| 20 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.06% | $12.5M | $21.3B | 2026-10-20 |
| 21 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.20% | $12.3M | — | 2026-09-30 |
| 22 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.14% | $10.6M | — | 2026-10-20 |
| 23 | PSCT Invesco S&P SmallCap Information Technology ETF | Invesco | 1.90% | $9.0M | — | 2026-10-20 |
| 24 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.01% | $8.8M | — | 2026-10-20 |
| 25 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.17% | $7.9M | $4.7B | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
49.34
TTM Diluted EPS
$1.40
TTM Revenue
$846.20M
TTM Net Income
$91.99M
TTM Op. Cash Flow
$226.26M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $219.76M | $29.86M | $0.46 | $60.65M |
| Q1 '26 | 2026-03-31 | $216.51M | $26.64M | $0.40 | $56.32M |
| Q4 '25 | 2025-12-31 | $208.22M | $20.44M | $0.31 | $63.70M |
| Q3 '25 | 2025-09-30 | $201.70M | $15.05M | $0.23 | $45.59M |
| Q2 '25 | 2025-06-30 | $195.15M | $11.76M | $0.18 | $48.64M |
| Q1 '25 | 2025-03-31 | $189.74M | $4.75M | $0.07 | $43.53M |
| Q4 '24 | 2024-12-31 | $183.04M | $164.00K | $0.01 | $43.03M |
| Q3 '24 | 2024-09-30 | $175.02M | $-11.80M | $-0.20 | $43.25M |
| Q2 '24 | 2024-06-30 | $172.89M | $-13.06M | $-0.22 | $36.03M |
| Q1 '24 | 2024-03-31 | $165.51M | $-13.84M | $-0.23 | $13.44M |
| Q4 '23 | 2023-12-31 | $162.12M | $-18.08M | $-0.31 | $36.58M |
| Q3 '23 | 2023-09-30 | $154.97M | $-23.17M | $-0.40 | $16.75M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-29
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
49.34
P/B
7.19
P/S
5.47
EV/EBITDA
26.82
EV/Sales
5.35
ROE
14.3%
ROA
9.5%
Div Yield
0.00%
FCF Yield
4.89%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$4.63B
as of 2026-10-22
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
4.91M
SI % of Float
8.11%
Days to Cover
7.16
Short Vol Ratio
30.9%
Free Float
60.48M
Float %
97.0%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-24