SAIL SailPoint, Inc. Common Stock
XNAS
20.06
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.
SAIL
$20.06
—
Key stats
$20.06
Pre-market
$20.10
+0.20%
- 52-Week Range
- $10.30 – $23.05
- YTD
- +5.86%
- IV Rank (30D)
- 8.66
- Straddle Price
- $2.77
- P/C Vol Ratio
- 1.56
- Market Cap
- $11.2B
- Open
- $19.72
- Day Range
- $19.47 – $20.15
- Volume
- 3,790,883
- Prev Close
- $19.68
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.31 |
| Cost of Equity (CAPM) | 12.37% (VRP-adj) |
| WACC | 12.27% |
| Volatility Risk Premium | +26.6pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +9.5% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.2B |
| Return on Equity (TTM) | -2.9% |
| Book / Price | 122.5% — banking bias active (P/B is primary) |
| Debt / Equity | 0.00 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | +21.9% (reverse-DCF on current price) |
| SMA 50 | $19.55 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $20.02 |
| Bollinger Width / SMA20 | 76.6% (drives anchor stability) |
| Net Debt | $-0.3B |
| Market Cap | $6B |
Peers used for multiples: ADBE, CRM, CRWD, MSFT, NET, NOW, ORCL, PLTR, SHOP, SNOW
(SIC-code peers; ETF co-membership was sector-incoherent)
Blended Fair Value
$108.96
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $10.69 | 72% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 61.1× · 8 peers |
| Peer EV/EBITDA | n/a | 0% | median 58.0× · 9 peers |
| Peer P/B | $360.94 | 28% | median 15.0× · 10 peers |
| Peer P/S | n/a | 0% | median 14.4× · 10 peers |
| Market Anchor (SMA50) | $19.55 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $19.60 | 0% | 7 strikes · skew -0.05 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
- Exchange
- XNAS
- Market Cap
- $11.2B
- Employees
- 3,229
- List Date
- 2025-02-13
- CIK
- 0002030781
- Next Earnings
- 2026-12-08 (Pre-Market)
- EPS Forecast
- $0.08 (7 est.)
- Headquarters
- Austin, TX
- Homepage
- https://www.sailpoint.com
SailPoint Inc delivers solutions to enable comprehensive identity security for the enterprise. The company does this by unifying identity data across systems and identity types, including employee identities, non-employee identities, and machine identities. The SaaS and customer-hosted offerings of the company leverage intelligent analytics to give organizations critical visibility into which identities currently have access to which resources, which identities should have access to those resources, and how that access is being used. Its solutions enable organizations to establish, control, an…
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 | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | -17.20% | -17.20% |
| Feb | 9.09% | -10.31% | -0.61% |
| Mar | -20.45% | -7.67% | -14.06% |
| Apr | -6.18% | -14.52% | -10.35% |
| May | 0.86% | 56.01% | 28.43% |
| Jun | 31.83% | -23.95% | 3.94% |
| Jul | 2.90% | 7.85% | 5.38% |
| Aug | 0.10% | 19.53% | 9.82% |
| Sep | 5.24% | 5.88% | 5.56% |
| Oct | -4.87% | -2.53%* | -3.70% |
| Nov | -14.29% | -- | -14.29% |
| Dec | 9.95% | -- | 9.95% |
| Total | 5.20% | -7.48% | -1.14% |
* Only 2 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $19.92
SMA 50: $19.57
SMA 200: $16.00
Current: $20.06
EMA 12: $19.64
EMA 26: $19.69
MACD: -0.0449 | Signal: -0.0848
BULLISH
ADX (14): 10.01
RANGE
+DI: 19.28
−DI: 16.41
Momentum Oscillators
RSI (14): 53.12
NEUTRAL
Stoch %K: 45.86
Stoch %D: 33.43
Williams %R: -40.26
Volume & Volatility
BB Upper: $21.12
BB Lower: $18.72
NEUTRAL
OBV: 79,034,030
Vol SMA 20: 4,701,376
Vol ROC: -11.49%
ATR: $1.07
True Range: $0.68
HV 20: 45.2%
HV 30: 59.8%
HV 60: 62.0%
Data Summary
Data Points: 425
Last Updated:
Date Range: 2025-02-13T00:00:00 – 2026-10-22T00:00:00
AI Analysis
LLM Stock Analysis Report - SAIL
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10)
Key drivers: Recent positive earnings and revenue beats, strong technical momentum, and a growing SaaS management market.
Primary risks: High volatility, potential for unexpected regulatory changes, and competitive pressures in the industry.
Investment thesis: SailPoint's (SAIL) stock has been trending upward due to its strong performance in the SaaS management space. The company's recent earnings beats and revenue growth have fueled investor optimism. However, the high volatility and potential risks in the market may impact the stock's future performance.
Recent news sentiment impact: The positive news headlines regarding Asana's (ASAN) and Daktronics' (DAKT) earnings reports have contributed to SAIL's upward trend. The negative headline about an investigation into claims against SailPoint has had a limited impact on the stock's price movement.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Uptrend, Medium-term (1-3 months): Uptrend, Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- SMA 20: $18.74 (support)
- Upper Bollinger Band: $20.55 (resistance)
- Middle Bollinger Band: $18.74 (support)
Momentum Signals:
- RSI interpretation: Neutral (44.22), not overbought or oversold
- MACD signal: Bullish momentum, with a bullish crossover above the signal line
- Bollinger Bands position: Neutral, with price near the middle band
Volume Analysis: Volume trends are weak and do not provide significant insights.
News & Sentiment Analysis
Recent Headlines Summary: Recent positive news headlines regarding earnings reports have driven SAIL's upward trend. The negative headline about an investigation has had a limited impact.
Sentiment Assessment: Aggregate news sentiment is POSITIVE, with 3 out of 6 headlines having a positive tone.
Catalyst Identification: Upcoming earnings report and potential regulatory changes in the SaaS management space.
Market Narrative: The recent positive news headlines have aligned with the technical signals, providing support for the uptrend. However, the high volatility and potential risks may impact the stock's future performance.
Risk & Volatility Assessment
Beta Interpretation: High risk, with a beta of 1.64 relative to the market (SPY).
Volatility Regime: Current volatility is higher than historical levels, indicating high uncertainty in the market.
Options Market Signals: IV rank: 30.0% (Medium), current IV: 122.8%, expected move: $2.62 (35 DTE).
Downside Protection: Support levels are provided by SMA 20 ($18.74) and the middle Bollinger Band ($18.74). Risk management considerations include stop-loss levels and position sizing.
Market Context & Positioning
Sector Performance: SAIL's performance is stronger than its sector, with a relative strength of 0.65.
Institutional Activity: Institutional investors are showing interest in the stock, with a volume flow of 136 calls vs 77 puts.
Correlation Analysis: The stock's moves are highly correlated with the market (R-squared interpretation).
Relative Valuation: SAIL is trading within its established range, providing support for its current price.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $18.74 (support)
- Upper Bollinger Band: $20.55 (resistance)
Breakout/Breakdown Levels: Technical levels that could trigger significant moves include the middle and upper Bollinger Bands ($18.74 and $20.55, respectively).
Time-Sensitive Catalysts: Earnings report and potential regulatory changes in the SaaS management space.
Risk Management: Stop-loss levels should be set at SMA 20 ($18.74) to manage risk, with position sizing considerations factoring in the high volatility.
Note: This analysis is for informational purposes only and should not be considered as personalized investment advice.
Generated
News
All SAIL news →
Showing 1–10 of 18
Page 1 of 2
Earnings History
5 of 7 under expected move
Avg Expected Move
15.32%
Avg Actual Move
7.62%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2025-03-26 | Pre-Market | 17.11% | 1.19% | 0.07x | Within |
| 2025-06-11 | Pre-Market | 13.99% | 14.66% | 1.05x | Exceeded |
| 2025-09-09 | Pre-Market | 15.86% | 7.73% | 0.49x | Within |
| 2025-12-09 | Pre-Market | 13.82% | 1.88% | 0.14x | Within |
| 2026-03-18 | Pre-Market | 12.75% | 15.23% | 1.19x | Exceeded |
| 2026-06-09 | Pre-Market | 18.09% | 11.48% | 0.63x | Within |
| 2026-09-09 | Pre-Market | 15.60% | 1.18% | 0.08x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
SAIL Options Activity & IV Rank
SAIL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 62.1%
7-DTE IV: —
Expected Move: $2.77
7-DTE Move: $2.77
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 36
Put Volume: 56
P/C Volume: 1.556
BEARISH
Call OI: 10,135
Put OI: 9,377
P/C OI: 0.925
Total OI: 19,512
ATM Options Pricing
ATM Call: $1.45
ATM Put: $1.32
Call %: 7.2%
Put %: 6.6%
Chain Summary
Chain Volume: 677
Chain OI: 31,611
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
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 91st percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
91%
vs own history
GEX tilt
+0.75
OI-weighted, today
Vanna tilt
+0.80
δ-sensitivity to IV
Charm tilt
-0.86
δ-decay vs time
Vanna tilt +0.80: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.86: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 12 ATM contracts, 15k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 22 · ATM 61.8% / Wing —
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)8.7LowOct 22
Straddle Price (30 DTE)$2.77Oct 22
Beta Analysis
Risk Metrics
Beta: 1.4073
Alpha: -9.11%
Correlation: 0.2809
R-Squared: 7.9%
Stock Volatility: 63.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own SAIL
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Point72 Hedge fund Steve Cohen | $49.1M | #333 of 1945 | +9.4% | 13F | |
| Citadel Hedge fund Ken Griffin | $8.6M | #1700 of 6285 | -88.3% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $5.1M | #1456 of 3138 | -12.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $1K | #4481 of 4729 | -84.8% | 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
SAIL Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 555,496,000 (as of 2026-04-30)
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$10.39M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | PEAK6 LLC | $3.30M | 31.76% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $2.17M | 20.85% | 2026-06-30 |
| 3 | Wolverine Trading, LLC Custodian | $1.62M | 15.60% | 2025-09-30 |
| 4 | IMC-Chicago, LLC Custodian | $827.16K | 7.96% | 2026-06-30 |
| 5 | Walleye Capital LLC | $472.87K | 4.55% | 2026-06-30 |
| 6 | TUDOR INVESTMENT CORP ET AL | $431.88K | 4.16% | 2026-06-30 |
| 7 | Citadel Advisors LLC Custodian | $385.03K | 3.70% | 2026-06-30 |
| 8 | Twin Tree Management, LP | $272.30K | 2.62% | 2026-06-30 |
| 9 | Walleye Trading LLC | $254.74K | 2.45% | 2026-06-30 |
| 10 | GROUP ONE TRADING LLC Custodian | $245.95K | 2.37% | 2026-06-30 |
| 11 | Simplex Trading, LLC Custodian | $221.06K | 2.13% | 2026-06-30 |
| 12 | Jane Street Group, LLC Custodian | $190.32K | 1.83% | 2026-06-30 |
| 13 | Altshuler Shaham Ltd | $2.47K | 0.02% | 2026-06-30 |
| 14 | FNY Investment Advisers, LLC | $0 | 0.00% | 2026-09-30 |
10 filers$5.45M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.12M | 20.56% | 2026-06-30 |
| 2 | IMC-Chicago, LLC Custodian | $840.34K | 15.41% | 2026-06-30 |
| 3 | Twin Tree Management, LP | $786.17K | 14.42% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $730.54K | 13.40% | 2026-06-30 |
| 5 | Susquehanna International Group, LLP Custodian | $683.69K | 12.54% | 2026-06-30 |
| 6 | Wolverine Trading, LLC Custodian | $515.36K | 9.45% | 2025-09-30 |
| 7 | Walleye Trading LLC | $259.13K | 4.75% | 2026-06-30 |
| 8 | GROUP ONE TRADING LLC Custodian | $256.20K | 4.70% | 2026-06-30 |
| 9 | Jane Street Group, LLC Custodian | $152.26K | 2.79% | 2026-06-30 |
| 10 | Walleye Capital LLC | $108.34K | 1.99% | 2026-06-30 |
SAIL Insider Trading (Form 4)
Latest: 2026-10-09Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-09 | Mitra Rezvan | Chief Accounting Officer | Sell (S) | −1,168 | $20.00 | -$23.4K | EDGAR |
| 2026-10-08 | Chandrasekar Gnanasambandam | EVP Product & CTO | Sell (S) | −35,687 | $19.95 | -$711.9K | EDGAR |
| 2026-10-08 | Mitra Rezvan | Chief Accounting Officer | Sell (S) | −7,087 | $19.95 | -$141.4K | EDGAR |
| 2026-10-08 | Brian Carolan | Chief Financial Officer | Sell (S) | −81,361 | $19.94 | -$1.62M | EDGAR |
| 2026-10-08 | Matt Mills | President | Sell (S) | −80,665 | $20.02 | -$1.61M | EDGAR |
| 2026-10-08 | Abby Payne | Chief People Officer | Sell (S) | −39,963 | $20.02 | -$799.9K | EDGAR |
| 2026-10-08 | Christopher Schmitt | General Counsel and Secretary | Sell (S) | −44,410 | $20.02 | -$889.0K | EDGAR |
| 2026-10-08 | Mark D. McClain | Chief Executive Officer | Sell (S) | −219,249 | $20.02 | -$4.39M | EDGAR |
| 2026-08-14 | Mitra Rezvan | Chief Accounting Officer | Sell (S) | −1,214 | $20.00 | -$24.3K | EDGAR |
| 2026-07-09 | Christopher Schmitt | General Counsel and Secretary | Sell (S) | −42,830 | $15.90 | -$681.1K | EDGAR |
| 2026-07-09 | Brian Carolan | Chief Financial Officer | Sell (S) | −78,470 | $15.78 | -$1.24M | EDGAR |
| 2026-07-09 | Mark D. McClain | Chief Executive Officer | Sell (S) | −211,454 | $15.90 | -$3.36M | EDGAR |
| 2026-07-09 | Mitra Rezvan | Chief Accounting Officer | Sell (S) | −6,835 | $15.79 | -$107.9K | EDGAR |
| 2026-07-09 | Chandrasekar Gnanasambandam | EVP Product & CTO | Sell (S) | −34,418 | $15.79 | -$543.6K | EDGAR |
| 2026-07-09 | Abby Payne | Chief People Officer | Sell (S) | −38,541 | $15.90 | -$612.9K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
SAIL Insider Holdings
14 insiders · @ $20.06
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 | THOMA BRAVO FUND XIII-A, L.P. | 10%+ Owner | 479,842,514 | $9.63B | -$547.69M | 1 | 2025-02-19 |
| 2 | PROJECT QUAIL OPPORTUNITIES, L.P. | 10%+ Owner | 479,842,514 | $9.63B | -$164.31M | 1 | 2025-02-19 |
| 3 | Mark D. McClain | Chief Executive Officer | 7,891,956 | $158.31M | -$109.49M | 71 | 2026-10-08 |
| 4 | Matt Mills | President | 2,339,695 | $46.93M | -$10.83M | 23 | 2026-10-08 |
| 5 | Brian Carolan | Chief Financial Officer | 1,682,474 | $33.75M | -$8.57M | 7 | 2026-10-08 |
| 6 | Christopher Schmitt | General Counsel and Secretary | 1,294,090 | $25.96M | -$7.17M | 32 | 2026-10-08 |
| 7 | Chandrasekar Gnanasambandam | EVP Product & CTO | 922,929 | $18.51M | -$3.15M | 7 | 2026-10-08 |
| 8 | Abby Payne | Chief People Officer | 886,753 | $17.79M | -$4.28M | 7 | 2026-10-08 |
| 9 | Mitra Rezvan | Chief Accounting Officer | 173,172 | $3.47M | -$765.8K | 10 | 2026-10-09 |
| 10 | Kristin Weston | Director | 126,897 | $2.55M | $0 | 1 | 2025-03-03 |
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.
SAIL Board & Officers
As of SEC filings through Oct 9, 2026Directors 6
- James Malcolm Hagan · since Feb 13, 2025
- Mark D. McClain · since Feb 13, 2025
- Ronald J Green · since Feb 13, 2025
- Tracey Newell · since Feb 13, 2025
- William G Bock · since Feb 13, 2025
- Collin Gallagher · since Jun 12, 2026
Officers 7
- Mark D. McClain · Chief Executive Officer · since Feb 13, 2025
- Matt Mills · President · since Feb 13, 2025
- Brian Carolan · Chief Financial Officer · since Feb 13, 2025
- Abby Payne · Chief People Officer · since Feb 13, 2025
- Mitra Rezvan · Chief Accounting Officer · since Feb 13, 2025
- Christopher Schmitt · General Counsel and Secretary · since Feb 13, 2025
- Chandrasekar Gnanasambandam · EVP Product & CTO · since Feb 24, 2025
Changes in the last 10 years (32)
| Jun 12, 2026 | Collin Gallagher became a director |
| Jun 8, 2026 | The company announced the departure of Nabil Hamade from the board in an SEC filing |
| Oct 31, 2025 | Nabil Hamade became a director |
| Sep 18, 2025 | The company announced the departure of Kristin Weston from the board in an SEC filing |
| Feb 24, 2025 | Chandrasekar Gnanasambandam became EVP Product & CTO |
| Feb 13, 2025 | William G Bock became a director |
| Feb 13, 2025 | Tracey Newell became a director |
| Feb 13, 2025 | Thoma Bravo Ugp, LLC became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Fund Xv-A, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Fund Xv, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Fund Xiii-A, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Fund Xiii, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Executive Fund Xv, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Executive Fund Xiii, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Employee Fund, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Co-Invest Opportunities Xv-3, L.p. became a 10% owner |
| Feb 13, 2025 | Thoma Bravo Co-Invest Opportunities Xv-1, L.p. became a 10% owner |
| Feb 13, 2025 | Seth Boro became a director |
| Feb 13, 2025 | Sacha May became a director |
| Feb 13, 2025 | Ronald J Green became a director |
| Feb 13, 2025 | Project Quail Opportunities, L.p. became a 10% owner |
| Feb 13, 2025 | Project Hotel California Co-Invest Fund, L.p. became a 10% owner |
| Feb 13, 2025 | Mitra Rezvan became Chief Accounting Officer |
| Feb 13, 2025 | Matt Mills became President |
| Feb 13, 2025 | Mark D. McClain became a director |
| Feb 13, 2025 | Mark D. McClain became Chief Executive Officer |
| Feb 13, 2025 | Kristin Weston became a director |
| Feb 13, 2025 | James Malcolm Hagan became a director |
| Feb 13, 2025 | Christopher Schmitt became General Counsel and Secretary |
| Feb 13, 2025 | Brian Carolan became Chief Financial Officer |
| Feb 13, 2025 | Andrew Almeida became a director |
| Feb 13, 2025 | Abby Payne became Chief People Officer |
Not reported recently (15)
- Project Quail Opportunities, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Ugp, LLC · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Co-Invest Opportunities Xv-3, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Co-Invest Opportunities Xv-1, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Fund Xiii-A, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Executive Fund Xv, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Fund Xiii, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Fund Xv, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Executive Fund Xiii, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Employee Fund, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Thoma Bravo Fund Xv-A, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Project Hotel California Co-Invest Fund, L.p. · Last reported as a 10% owner in an SEC filing dated Feb 19, 2025
- Andrew Almeida · Last reported as a director in an SEC filing dated Feb 13, 2025
- Sacha May · Last reported as a director in an SEC filing dated Feb 13, 2025
- Seth Boro · Last reported as a director in an SEC filing dated Feb 13, 2025
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.
SAIL Proposed Insider Sales (Form 144)
Latest: 2026-10-08
? Form 144 Guide
Last 30d:
13 filings
· $10.0M notice value
· Last 90d:
14 filings
· $10.1M notice value
· 7 unique filers
· 14% 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:
Mark McClain (2, $4.4M) · Brian Carolan (2, $1.6M) · Matt Mills (2, $1.6M) · Christopher Schmitt (2, $889K) · Abby Payne (2, $800K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-10-08 | MITRA REZVAN | Officer | 1,168 | $22.9K | 2026-10-08 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-10-07 | Chandrasekar Gnanasambandam | Officer | 22,609 | $445.7K | 2026-10-07 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-07 | Abby Payne | Officer | 21,027 | $414.5K | 2026-10-07 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-07 | Christopher Schmitt | Officer | 23,367 | $460.6K | 2026-10-07 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-07 | Matt Mills | Officer | 42,442 | $836.6K | 2026-10-07 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-07 | Mark McClain | Officer, Director | 115,356 | $2.27M | 2026-10-07 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-07 | Brian Carolan | Officer | 52,822 | $1.04M | 2026-10-07 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-06 | Chandrasekar Gnanasambandam | Officer | 13,078 | $266.2K | 2026-10-06 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-06 | Abby Payne | Officer | 18,936 | $385.4K | 2026-10-06 | Morgan Stanley Smith Barney LLC | — | EDGAR |
| 2026-10-06 | Christopher Schmitt | Officer | 21,043 | $428.3K | 2026-10-06 | Morgan Stanley Smith Barney LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-08
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-08 | 0001628280-26-033016 | EDGAR |
| 2026-03-18 | 0001628280-26-019034 | EDGAR |
| 2025-12-09 | 0002030781-25-000048 | EDGAR |
| 2025-09-24 | 0002030781-25-000038 | EDGAR |
| 2025-09-09 | 0002030781-25-000031 | EDGAR |
| 2025-06-26 | 0001213900-25-058442 | EDGAR |
| 2025-06-11 | 0002030781-25-000018 | EDGAR |
| 2025-03-26 | 0002030781-25-000005 | EDGAR |
| 2025-02-19 | 0001193125-25-029643 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
ETF Holders
82 ETFs hold SAIL
25 shown · $410.57M total exposure · 0.03% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | BUG Global X Cybersecurity ETF | Global X | 4.47% | $94.9M | — | 2026-10-22 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $55.4M | — | 2026-09-30 |
| 3 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.01% | $40.4M | — | 2026-09-30 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.02% | $39.0M | — | 2026-09-30 |
| 5 | VWO Vanguard FTSE Emerging Markets ETF | Vanguard | 0.02% | $38.7M | — | 2026-09-30 |
| 6 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.05% | $21.7M | — | 2026-09-30 |
| 7 | IHAK iShares Cybersecurity and Tech ETF | iShares (BlackRock) | 1.63% | $19.7M | $1.2B | 2026-10-21 |
| 8 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.05% | $18.0M | — | 2026-10-21 |
| 9 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $16.9M | — | 2026-09-30 |
| 10 | FPX First Trust US Equity Opportunities ETF | First Trust | 0.50% | $7.1M | $1.4B | 2026-10-21 |
| 11 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.01% | $6.7M | — | 2026-10-21 |
| 12 | VEU Vanguard FTSE All-World Ex-US ETF | Vanguard | 0.01% | $6.6M | — | 2026-09-30 |
| 13 | KOMP State Street® SPDR® S&P Kensho New Economies Composite ETF | SPDR (State Street) | 0.24% | $6.0M | $2.5B | 2026-10-21 |
| 14 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.01% | $5.3M | $57.2B | 2026-10-21 |
| 15 | XSW State Street® SPDR® S&P® Software & Services ETF | SPDR (State Street) | 0.79% | $3.8M | $482.7M | 2026-10-21 |
| 16 | SCHM Schwab U.S. Mid-Cap ETF | Nport | 0.03% | $3.7M | — | 2026-05-31 |
| 17 | SPEM State Street® SPDR® Portfolio Emerging Markets ETF | SPDR (State Street) | 0.02% | $3.6M | $16.9B | 2026-10-21 |
| 18 | WCLD WisdomTree Cloud Computing Fund | Nport | 1.37% | $3.4M | — | 2026-06-30 |
| 19 | WCBR WisdomTree Cybersecurity Fund | Nport | 3.17% | $3.3M | — | 2026-06-30 |
| 20 | GSC Goldman Sachs Small Cap Equity ETF | Goldman | 1.11% | $3.2M | $286.8M | 2026-10-21 |
| 21 | ONEQ Fidelity Nasdaq Composite Index ETF | Fidelity | 0.03% | $2.9M | $11.0B | 2026-10-21 |
| 22 | FITE State Street® SPDR® S&P Kensho Future Security ETF | SPDR (State Street) | 1.79% | $2.7M | $151.0M | 2026-10-21 |
| 23 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.00% | $2.7M | $84.8B | 2026-10-21 |
| 24 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.01% | $2.6M | — | 2026-10-21 |
| 25 | VT Vanguard Total World Stock ETF | Vanguard | 0.00% | $2.3M | — | 2026-09-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (6 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '27 | 2026-07-31 | $308.81M | $-50.36M | $-0.09 | $44.96M |
| Q1 '27 | 2026-04-30 | $280.14M | $-74.67M | $-0.13 | $38.24M |
| Q4 '26 | 2026-01-31 | $294.65M | $-36.22M | $-0.06 | $63.86M |
| Q3 '26 | 2025-10-31 | $281.94M | $-35.98M | $-0.06 | $53.58M |
| Q2 '26 | 2025-07-31 | $264.36M | $-10.55M | $-0.02 | $49.95M |
| Q1 '26 | 2025-04-30 | $230.47M | $-211.10M | $-0.42 | $-96.81M |
Q2 2027 • period ending 2026-07-31 • filed 2026-09-10
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
1.63
P/S
9.94
EV/EBITDA
265.34
EV/Sales
9.59
ROE
-2.3%
ROA
-2.1%
Div Yield
0.00%
FCF Yield
1.85%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$11.14B
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
26.20M
SI % of Float
34.04%
Days to Cover
5.01
Short Vol Ratio
40.7%
Free Float
76.97M
Float %
13.6%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-08-14