SAP SAP SE

XNYS 238.48 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

SAP $238.48 —
Key stats
$238.48
52-Week Range
$144.97 – $276.54
YTD
+0.66%
IV Rank (30D)
0.0
Straddle Price
$17.90
P/C Vol Ratio
1.88
Market Cap
$277.7B
Open
$239.64
Day Range
$237.57 – $241.84
Volume
2,098,105
Prev Close
$240.59
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)5.12%
Beta vs SPY0.99
Cost of Equity (CAPM)10.09% (VRP-adj)
WACC10.19%
Volatility Risk Premium+24.2pp (IV − HV30)
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Quality Score0/6 — cyclical/struggling (5y DCF)
SMA 50$214.89 (Market Anchor value)
SMA 20 / Bollinger Mid$217.50
Bollinger Width / SMA207.8% (drives anchor stability)
Net Debt$0.0B
Peers used for multiples: AAPL, GOOGL, META, MSFT, NVDA, ORCL, TSM, WDAY
60-Day Conviction
78%
20-Day Fair Value
≈ by Nov 23, 2026
$236.28
α -0.8% rank 38%
conviction
50%
40-Day Fair Value
≈ by Dec 22, 2026
$235.04
α -1.3% rank 38%
conviction
42%
60-Day Fair Value
≈ by Jan 20, 2027
$231.89
α -2.6% rank 38%
conviction
78%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) $42.71 0%
Peer P/E n/a 0% median 27.8× · 7 peers
Peer EV/EBITDA n/a 0% median 23.9× · 7 peers
Peer P/B n/a 0% median 7.6× · 7 peers
Peer P/S n/a 0% median 9.2× · 7 peers
Market Anchor (SMA50) $214.89 67% stability 100% (BB-width)
Options Expected (B-L 30d) $243.75 33% 39 strikes · skew +0.48
As of 2026-10-23 · updated
About
Industry (SIC)
SERVICES-PREPACKAGED SOFTWARE (7372) · industry map
Exchange
XNYS
Market Cap
$277.7B
Employees
100,000
List Date
1995-09-18
CIK
0001000184
Homepage
https://www.sap.com

Founded in Germany in 1972 by former IBM employees, SAP is the world's largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP's portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises.

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
'21'22'23'24'25'26Avg
Jan-2.35%-11.45%13.99%15.24%13.55%-15.14%2.31%
Feb-4.79%-11.83%-5.96%6.01%0.90%-2.75%-3.07%
Mar-1.31%1.57%10.79%3.45%-4.35%-12.65%-0.42%
Apr11.28%-8.89%7.09%-7.56%8.08%-1.09%1.48%
May-0.77%-2.51%-3.00%1.32%4.82%6.46%1.05%
Jun0.31%-8.67%3.51%9.48%-0.18%-21.42%-2.83%
Jul2.28%2.77%1.34%6.11%-4.65%15.03%3.81%
Aug4.76%-9.14%2.42%6.88%-3.83%16.47%2.93%
Sep-10.04%-3.25%-6.42%5.82%0.38%-1.68%-2.53%
Oct6.50%14.44%4.23%3.47%-3.70%12.97%*6.32%
Nov-12.17%15.68%16.93%1.93%-8.41%--2.79%
Dec7.93%-7.87%-3.44%1.91%0.34%---0.23%
Total-1.10%-29.12%45.96%67.16%0.95%-11.24%12.10%
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: $218.87
SMA 50: $215.47
SMA 200: $191.88
Current: $238.14
EMA 12: $227.01
EMA 26: $220.20
MACD: 6.8072 | Signal: 2.3160
BULLISH
ADX (14): 27.23
TREND
+DI: 41.55
−DI: 10.51

Momentum Oscillators

RSI (14): 75.63
OVERBOUGHT
Stoch %K: 91.08
Stoch %D: 92.58
Williams %R: -13.22

Volume & Volatility

BB Upper: $238.99
BB Lower: $198.74
NEUTRAL
OBV: -5,935,090
Vol SMA 20: 2,495,184
Vol ROC: -6.19%
ATR: $5.43
True Range: $4.27
HV 20: 18.4%
HV 30: 23.9%
HV 60: 27.9%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-25T00:00:00 – 2026-10-23T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall Assessment: NEUTRAL (6/10)

Key Drivers and Primary Risks:

  • Technical signals point to a neutral trend, with the MACD indicating bullish momentum.
  • Recent news headlines suggest positive sentiment, but without significant catalysts.
  • Risk metrics indicate low volatility, which could lead to range-bound trading.

Investment Thesis: SAP's recent performance is driven by stable fundamentals and positive market trends. However, the lack of significant catalysts and relatively high beta (0.74) may limit upside potential. A cautious approach with a focus on risk management could be justified.

Recent News Sentiment Impact: The news headlines suggest a positive overall sentiment, with themes related to market growth and technology adoption. This has contributed to the stock's recent stability and lack of significant price movements.

Technical Analysis

Trend Direction: NEUTRAL (short-term), NEUTRAL (medium-term), BEARISH (long-term)

Support/Resistance Levels:

  • Lower Bollinger Band: $203.93
  • Middle Line (SMA 20): $213.80
  • Upper Bollinger Band: $223.67

Momentum Signals:

  • RSI: Neutral (50.61), indicating no strong buy or sell signals.
  • MACD Signal: Bullish, with a crossover above the signal line.

News & Sentiment Analysis

Recent Headlines Summary: The headlines highlight positive market trends and growth prospects in industries like smart metering and product information management.

Sentiment Assessment: Positive (3 out of 5)

Catalyst Identification: None significant in the short term, but potential catalysts could arise from SAP's business rules management system or product information management offerings.

Risk & Volatility Assessment

Beta Interpretation: Low risk relative to market (beta 0.74), indicating a relatively stable stock.

Volatility Regime: Low volatility (stock moves less than the market).

Options Market Signals:

  • IV Rank: 20.9% (Low), indicating historically low volatility.
  • Current IV: 50.1%, suggesting some uncertainty but not extreme.
  • Expected Move: $17.30 (28 DTE), which is relatively narrow.

Market Context & Positioning

Sector Performance: SAP's performance has been strong, with the sector showing resilience and growth potential.

Institutional Activity: Low institutional interest, as seen in volume patterns.

Correlation Analysis: The stock moves relatively independently of the market (R-squared 0.24), indicating low correlation.

Key Levels & Action Items

Critical Price Levels:

  • Support: Lower Bollinger Band ($203.93)
  • Resistance: Upper Bollinger Band ($223.67)

Breakout/Breakdown Levels: None significant in the short term, but potential levels could arise from SAP's business rules management system or product information management offerings.

Time-Sensitive Catalysts: Earnings dates, FDA approvals, or product launches could impact the stock's performance.

Risk Management:

  • Stop-loss levels: below $203.93 (lower Bollinger Band) and above $223.67 (upper Bollinger Band).
  • Position sizing considerations: cautious approach with limited leverage to account for potential market volatility.
Generated
News
All SAP news →

SAP Options Activity & IV Rank

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

Volatility Metrics

Current IV: 33.6%
7-DTE IV: 35.5%
Expected Move: $17.90
7-DTE Move: $9.80
Days to Exp: 28 (2026-11-20)

Options Flow

Call Volume: 522
Put Volume: 983
P/C Volume: 1.883
BEARISH
Call OI: 2,930
Put OI: 3,459
P/C OI: 1.181
Total OI: 6,389

ATM Options Pricing

ATM Call: $9.90
ATM Put: $8.00
Call %: 4.2%
Put %: 3.4%

Chain Summary

Chain Volume: 8,946
Chain OI: 72,667
Last Updated: 10/23/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 79th 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
79%
vs own history
GEX tilt
+0.45
OI-weighted, today
Vanna tilt
+0.45
δ-sensitivity to IV
Charm tilt
-0.49
δ-decay vs time
Vanna tilt +0.45: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.49: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

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.

· 67 ATM contracts, 15k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 23 · ATM 33.6% / Wing —
30 DTE / 10d 12%
+3.0 pts EXTREME
as of Oct 23 · ATM 33.9% / Wing 36.9%

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)8.5LowOct 23
IV Rank (30 DTE)0.0LowOct 23
Straddle Price (30 DTE)$17.90Oct 23
Beta Analysis

Risk Metrics

Beta: 0.6121
Alpha: -16.21%
Correlation: 0.2009
R-Squared: 4.0%
Stock Volatility: 38.8%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

SAP Institutional Ownership (13F)

Latest filings — 2026-09-30

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.

877 filers84,841,113 shares$13.21B value
# Filer Shares Value % of Total % of Float Period
1 Fisher Asset Management, LLC 14,931,460 $2.30B 17.42% — 2026-06-30
2 EAGLE CAPITAL MANAGEMENT LLC 8,640,615 $1.33B 10.08% — 2026-06-30
3 Goldman Sachs Group Inc Custodian 6,023,085 $928.22M 7.03% — 2026-06-30
4 Capital International Investors 5,681,413 $876.58M 6.64% — 2026-06-30
5 Morgan Stanley Custodian 5,476,111 $843.92M 6.39% — 2026-06-30
6 WINDACRE PARTNERSHIP LLC 4,399,300 $677.98M 5.13% — 2026-06-30
7 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 2,508,905 $386.65M 2.93% — 2026-06-30
8 Bank of America Corp Custodian 2,391,150 $368.50M 2.79% — 2026-06-30
9 FMR LLC Custodian 1,991,923 $306.98M 2.32% — 2026-06-30
10 D. E. Shaw & Co., Inc. Custodian 1,450,152 $223.48M 1.69% — 2026-06-30
11 BlackRock, Inc. Custodian 1,249,520 $192.56M 1.46% — 2026-06-30
12 Ruane, Cunniff & Goldfarb L.P. 1,236,546 $190.56M 1.44% — 2026-06-30
13 Tidal Investments LLC 1,214,315 $187.14M 1.42% — 2026-06-30
14 Northern Trust Corp Custodian 1,146,783 $176.73M 1.34% — 2026-06-30
15 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 917,375 $141.39M 1.07% — 2026-06-30
16 Arrowstreet Capital, Limited Partnership 823,529 $126.91M 0.96% — 2026-06-30
17 Wells Fargo & Company Custodian 791,300 $121.95M 0.92% — 2026-06-30
18 Royal Bank of Canada Custodian 784,221 $120.86M 0.92% — 2026-06-30
19 BROWN ADVISORY INC 715,364 $110.24M 0.83% — 2026-06-30
20 UBS Group AG Custodian 680,559 $104.88M 0.79% — 2026-06-30
21 Holocene Advisors, LP 638,000 $98.32M 0.74% — 2026-06-30
22 CAUSEWAY CAPITAL MANAGEMENT LLC 629,801 $97.06M 0.73% — 2026-06-30
23 BRANDES INVESTMENT PARTNERS, LP 614,006 $94.63M 0.72% — 2026-06-30
24 Envestnet Asset Management, Inc. 592,149 $91.25M 0.69% — 2026-06-30
25 Principal Financial Group, Inc. 583,211 $89.88M 0.68% — 2026-06-30
35 filers$474.52M notional
# Filer Notional Value % of Total Period
1 Citadel Advisors LLC Custodian $63.15M 13.31% 2026-06-30
2 Squarepoint Ops LLC $62.09M 13.08% 2026-06-30
3 Susquehanna International Group, LLP Custodian $52.44M 11.05% 2026-06-30
4 Jane Street Group, LLC Custodian $45.97M 9.69% 2026-06-30
5 IMC-Chicago, LLC Custodian $43.30M 9.13% 2026-06-30
6 Optiver Holding B.V. $42.49M 8.95% 2026-06-30
7 Millennium Management LLC Custodian $33.29M 7.01% 2026-06-30
8 Oribel Capital Management, LP $19.73M 4.16% 2026-06-30
9 Walleye Trading LLC $18.09M 3.81% 2026-06-30
10 GROUP ONE TRADING LLC Custodian $14.12M 2.97% 2026-06-30
11 Simplex Trading, LLC Custodian $13.55M 2.85% 2026-06-30
12 Wolverine Trading, LLC Custodian $11.50M 2.42% 2025-09-30
13 CAPITAL FUND MANAGEMENT S.A. $9.54M 2.01% 2026-06-30
14 Jain Global LLC $7.71M 1.62% 2026-06-30
15 CAPSTONE INVESTMENT ADVISORS, LLC $6.93M 1.46% 2026-06-30
16 Parallax Volatility Advisers, L.P. $3.85M 0.81% 2026-06-30
17 D. E. Shaw & Co., Inc. Custodian $3.31M 0.70% 2026-06-30
18 TUDOR INVESTMENT CORP ET AL $3.07M 0.65% 2026-06-30
19 Balyasny Asset Management L.P. $3.04M 0.64% 2026-06-30
20 PEAK6 LLC $2.62M 0.55% 2026-06-30
21 BOOTHBAY FUND MANAGEMENT, LLC $2.30M 0.48% 2026-06-30
22 Qube Research & Technologies Ltd $2.20M 0.46% 2026-06-30
23 Walleye Capital LLC $1.83M 0.39% 2026-06-30
24 SIG BROKERAGE, LP $1.54M 0.32% 2026-06-30
25 BNP Paribas Financial Markets Custodian $1.54M 0.32% 2026-06-30
25 filers$464.56M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $93.99M 20.23% 2026-06-30
2 Goldman Sachs Group Inc Custodian $69.90M 15.05% 2026-06-30
3 Jane Street Group, LLC Custodian $64.03M 13.78% 2026-06-30
4 Citadel Advisors LLC Custodian $58.32M 12.55% 2026-06-30
5 Squarepoint Ops LLC $32.05M 6.90% 2026-06-30
6 IMC-Chicago, LLC Custodian $29.28M 6.30% 2026-06-30
7 Optiver Holding B.V. $28.97M 6.24% 2026-06-30
8 CAPITAL FUND MANAGEMENT S.A. $12.28M 2.64% 2026-06-30
9 Walleye Trading LLC $11.47M 2.47% 2026-06-30
10 Millennium Management LLC Custodian $8.55M 1.84% 2026-06-30
11 TUDOR INVESTMENT CORP ET AL $8.00M 1.72% 2026-06-30
12 Simplex Trading, LLC Custodian $7.88M 1.70% 2026-06-30
13 Jain Global LLC $7.71M 1.66% 2026-06-30
14 Alphadyne Asset Management LP $6.09M 1.31% 2026-06-30
15 Wolverine Trading, LLC Custodian $5.07M 1.09% 2025-09-30
16 PEAK6 LLC $4.48M 0.97% 2026-06-30
17 SIG BROKERAGE, LP $3.08M 0.66% 2026-06-30
18 BNP Paribas Financial Markets Custodian $3.08M 0.66% 2026-06-30
19 Parallax Volatility Advisers, L.P. $3.08M 0.66% 2026-06-30
20 Point72 Asset Management, L.P. $1.73M 0.37% 2026-06-30
21 GROUP ONE TRADING LLC Custodian $1.73M 0.37% 2026-06-30
22 D. E. Shaw & Co., Inc. Custodian $1.70M 0.36% 2026-06-30
23 Qube Research & Technologies Ltd $1.31M 0.28% 2026-06-30
24 Walleye Capital LLC $493.15K 0.11% 2026-06-30
25 Cubist Systematic Strategies, LLC $293.93K 0.06% 2025-09-30
ETF Holders
112 ETFs hold SAP
25 shown · $12.42B total exposure · 1.01% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VXUS Vanguard Total International Stock ETF Vanguard 0.46% $3.0B — 2026-09-30
2 VEA Vanguard FTSE Developed Markets ETF Vanguard 0.63% $2.0B — 2026-09-30
3 IEFA iShares Core MSCI EAFE ETF iShares (BlackRock) 0.98% $1.9B $188.2B 2026-10-22
4 EFA iShares MSCI EAFE ETF iShares (BlackRock) 1.15% $876.7M $76.1B 2026-10-22
5 VGK Vanguard FTSE Europe ETF Vanguard 1.32% $492.4M — 2026-09-30
6 VEU Vanguard FTSE All-World Ex-US ETF Vanguard 0.50% $487.0M — 2026-09-30
7 VIGI Vanguard International Dividend Appreciation ETF Vanguard 3.83% $350.3M — 2026-09-30
8 EFG iShares MSCI EAFE Growth ETF iShares (BlackRock) 2.34% $348.6M $14.8B 2026-10-22
9 IXUS iShares Core MSCI Total International Stock ETF iShares (BlackRock) 0.59% $338.2M $57.0B 2026-10-22
10 EZU iShares MSCI Eurozone ETF iShares (BlackRock) 3.41% $310.4M $9.1B 2026-10-22
11 SPDW State Street® SPDR® Portfolio Developed World ex-US ETF SPDR (State Street) 0.75% $304.8M $40.7B 2026-10-22
12 IDEV iShares Core MSCI International Developed Markets ETF iShares (BlackRock) 0.86% $289.7M $33.5B 2026-10-22
13 AIQ Global X Artificial Intelligence & Technology ETF Global X 2.42% $242.5M — 2026-10-22
14 FEZ State Street® SPDR® EURO STOXX 50® ETF SPDR (State Street) 4.97% $203.2M $4.1B 2026-10-22
15 EWG iShares MSCI Germany ETF iShares (BlackRock) 13.19% $199.3M $1.5B 2026-10-22
16 VT Vanguard Total World Stock ETF Vanguard 0.17% $177.6M — 2026-09-30
17 EAGL Eagle Capital Select Equity ETF Nport 3.97% $169.3M — 2026-06-30
18 ESGD iShares ESG Aware MSCI EAFE ETF iShares (BlackRock) 1.37% $161.3M $11.8B 2026-10-22
19 IEUR iShares Core MSCI Europe ETF iShares (BlackRock) 1.61% $151.4M $9.4B 2026-10-22
20 ACWX iShares MSCI ACWI ex U.S. ETF iShares (BlackRock) 0.68% $120.5M $17.5B 2026-10-22
21 IXN iShares Global Tech ETF iShares (BlackRock) 0.98% $88.1M $9.0B 2026-10-22
22 ACWI iShares MSCI ACWI ETF iShares (BlackRock) 0.24% $77.9M $32.4B 2026-10-22
23 IOO iShares Global 100 ETF iShares (BlackRock) 0.59% $54.7M $9.2B 2026-10-22
24 VSGX Vanguard ESG International Stock ETF Vanguard 0.75% $48.9M — 2026-10-22
25 AVDE Avantis International Equity ETF Avantis 0.24% $47.7M $19.6B 2026-10-21
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
—
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
4.08M
SI % of Float
0.35%
Days to Cover
2.36
Short Vol Ratio
44.6%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-23