Seeking AlphaT3·35mo ago
SPRU Spruce Power Holding Corporation
XNYS 3.80 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups 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.
SPRU
$3.80
—
Key stats
$3.80
- 52-Week Range
- $1.29 – $6.75
- YTD
- -28.30%
- Straddle Price
- $3.73
- P/C Vol Ratio
- 0.19
- Market Cap
- $0.0B
- Open
- $1.34
- Day Range
- $1.32 – $1.34
- Volume
- 25,776
- Prev Close
- $1.33
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.96% |
| Beta vs SPY | 1.20 |
| Cost of Equity (CAPM) | 11.54% (VRP-adj) |
| WACC | 5.55% |
| Volatility Risk Premium | +283.6pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $0.0B |
| Return on Equity (TTM) | -6.1% |
| Book / Price | 509.1% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 67.5% |
| FCF Margin (TTM) | 1.8% |
| Debt / Equity | 3.82 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $1.70 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $1.49 |
| Bollinger Width / SMA20 | 2477.2% (drives anchor stability) |
| Net Debt | $0.4B |
| Market Cap | $0B |
Peers used for multiples: AEP, CEG, CNP, D, DTE, ETR, FE, NEE, SO
(SIC-code peers; ETF co-membership was sector-incoherent)
Blended Fair Value
$17.59
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $-20.61 | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 22.9× · 9 peers |
| Peer EV/EBITDA | $18.27 | 28% | median 13.8× · 9 peers |
| Peer P/B | $15.52 | 36% | median 2.3× · 9 peers |
| Peer P/S | $19.14 | 36% | median 3.1× · 9 peers |
| Market Anchor (SMA50) | $1.70 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-10-27 · updated
Related
About
- Industry (SIC)
- ELECTRIC SERVICES (4911) · industry map
- Exchange
- XNYS
- Market Cap
- $0.0B
- Employees
- 159
- List Date
- 2020-12-22
- CIK
- 0001772720
- Next Earnings
- 2026-11-10 (After-Close)
- Headquarters
- Houston, TX
- Homepage
- https://www.sprucepower.com
Spruce Power Holding Corp is an owner and operator of distributed solar energy assets across the United States (the U.S.), offering subscription-based services to home solar assets and customer contracts, making renewable energy more accessible to everyone. The Company's customers are homeowners and the Company's core solar service offerings generate revenues through, the sale of electricity generated by its home solar energy systems to homeowners, third-party contracts to sell solar renewable energy credits (SRECs) generated by the solar energy systems for fixed prices and the servicing of th…
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 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | 47.52% | -17.91% | -14.89% | 7.17% | 5.47% |
| Feb | -- | -34.69% | -4.71% | -5.77% | -29.30% | -18.62% |
| Mar | -- | -8.89% | -4.80% | 0.00% | 6.49% | -1.80% |
| Apr | -- | -15.49% | 22.65% | -5.19% | -18.98% | -4.25% |
| May | -- | 25.10% | -28.06% | -1.98% | -13.25% | -4.55% |
| Jun | -- | 0.30% | 10.27% | 0.00% | -11.03% | -0.11% |
| Jul | -- | 19.19% | -1.16% | -35.20% | -25.00% | -10.54% |
| Aug | -- | -23.94% | -13.91% | 22.88% | -12.26% | -6.81% |
| Sep | -- | -13.92% | -1.39% | 59.09% | -3.93% | 9.96% |
| Oct | -- | -30.49% | -10.64% | 14.29% | -16.46%* | -10.82% |
| Nov | -23.81% | -4.62% | 1.59% | 78.14% | -- | 12.83% |
| Dec | 0.47% | 19.78% | 18.33% | -5.04% | -- | 8.38% |
| Total | -23.45% | -42.32% | -34.69% | 82.54% | -73.35% | -18.26% |
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: $1.49
SMA 50: $1.70
SMA 200: $3.08
Current: $1.32
EMA 12: $1.41
EMA 26: $1.53
MACD: -0.1251 | Signal: -0.0090
BEARISH
ADX (14): 16.73
RANGE
+DI: 17.17
−DI: 27.92
Momentum Oscillators
RSI (14): 29.33
OVERSOLD
Stoch %K: 9.40
Stoch %D: 10.40
Williams %R: -92.31
Volume & Volatility
BB Upper: $1.77
BB Lower: $1.22
NEUTRAL
OBV: 86,999,991
Vol SMA 20: 60,698
Vol ROC: -0.99%
ATR: $0.10
True Range: $0.02
HV 20: 51.9%
HV 30: 77.8%
HV 60: 80.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence Level: 6/10)
Key drivers:
- Technical indicators showing a short-term downtrend, but with support from longer-term moving averages
- News sentiment is neutral, which reduces the impact on stock price movements
Primary risks:
- High volatility, as measured by True Range and Historical Volatility
- Options market pricing a relatively high move ($0.93) for this stock, which may indicate increased risk
Investment thesis: SPRU is trading near its lower Bollinger Band, indicating a potential buying opportunity. The short-term downtrend may continue, but the stock's beta suggests it moves less than the broader market.
Recent news sentiment impact: Neutral news headlines have had a minimal impact on the stock price.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Downtrend, Medium-term (1-3 months): Uptrend, Long-term (3-12 months): Uptrend
Support/Resistance Levels: Key levels to monitor include:
- Lower Bollinger Band: $1.92
- Upper Bollinger Band: $2.48
- SMA 20: $2.20
- EMA 12: $2.19
Momentum Signals: RSI interpretation: Neutral (41.16), not oversold or overbought.
MACD signal: Bearish, as the MACD line is below the signal line.
Bollinger Bands position: Squeeze, indicating a potential buying opportunity.
Volume Analysis: Volume trends suggest:
- On-Balance Volume (OBV) is increasing, indicating accumulation.
- Volume Rate of Change is high, suggesting increased institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines have had a minimal impact on the stock price.
Sentiment Assessment: Neutral sentiment dominates recent news articles.
Catalyst Identification: No immediate catalysts are identified, but earnings announcements may provide direction in the future.
Market Narrative: The market narrative is neutral, with no significant trends or events impacting the stock's price movement.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta = 0.50), as the stock moves less than the broader market.
Volatility Regime: High volatility, as measured by True Range and Historical Volatility.
Options Market Signals: Options market is pricing a relatively high move ($0.93) for this stock, indicating increased risk.
Downside Protection: Support levels include the lower Bollinger Band at $1.92 and SMA 20 at $2.20.
Market Context & Positioning
Sector Performance: SPRU's sector performance is neutral, with no significant trends or events impacting its price movement.
Institutional Activity: Increased institutional interest is suggested by the On-Balance Volume (OBV) trend.
Correlation Analysis: The stock's correlation with the broader market is low (R-squared = 0.07), indicating limited dependence on market movements.
Relative Valuation: SPRU trades near its lower Bollinger Band, indicating a potential buying opportunity.
Key Levels & Action Items
Critical Price Levels: Monitor support levels at $1.92 and SMA 20 at $2.20 for potential buying opportunities.
Breakout/Breakdown Levels: A breakout above the upper Bollinger Band ($2.48) or a breakdown below the lower Bollinger Band ($1.92) could trigger significant price movements.
Time-Sensitive Catalysts: Earnings announcements may provide direction in the future, but no immediate catalysts are identified.
Risk Management: Consider stop-loss levels at $1.92 and position sizing considerations based on volatility and risk tolerance.
Generated
News
All SPRU news →
Earnings History
11 of 12 under expected move
Avg Expected Move
53.59%
Avg Actual Move
9.09%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-03-23 | After-Close | 4.76% | 0.18% | 0.04x | Within |
| 2023-05-15 | After-Close | 32.50% | 6.14% | 0.19x | Within |
| 2023-08-10 | After-Close | 13.95% | 6.14% | 0.44x | Within |
| 2023-11-13 | After-Close | 89.54% | 3.41% | 0.04x | Within |
| 2024-03-14 | After-Close | 34.12% | 1.57% | 0.05x | Within |
| 2024-08-14 | After-Close | 29.94% | 8.08% | 0.27x | Within |
| 2024-11-13 | After-Close | 9.04% | 8.03% | 0.89x | Within |
| 2025-05-14 | After-Close | 63.29% | 12.03% | 0.19x | Within |
| 2025-08-11 | After-Close | 74.14% | 4.83% | 0.07x | Within |
| 2025-11-12 | Pre-Market | 24.59% | 54.75% | 2.23x | Exceeded |
| 2026-03-30 | After-Close | 40.00% | 2.50% | 0.06x | Within |
| 2026-08-12 | Pre-Market | 227.27% | 1.44% | 0.01x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
SPRU Options Activity & IV Rank
Volatility Metrics
Current IV: —
7-DTE IV: —
Expected Move: $3.73
7-DTE Move: $3.73
Days to Exp: 25 (2026-11-20)
Options Flow
Call Volume: 36
Put Volume: 7
P/C Volume: 0.194
BULLISH
Call OI: 1,684
Put OI: 15
P/C OI: 0.009
Total OI: 1,699
ATM Options Pricing
ATM Call: $0.03
ATM Put: $3.70
Call %: 0.7%
Put %: 97.4%
Chain Summary
Chain Volume: 120
Chain OI: 1,859
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 80th 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
80%
vs own history
GEX tilt
+0.95
OI-weighted, today
Vanna tilt
+0.94
δ-sensitivity to IV
Charm tilt
-0.97
δ-decay vs time
Vanna tilt +0.94: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.97: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · ATM 247.4% / 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)
Straddle Price (30 DTE)$3.73Oct 26
Beta Analysis
Risk Metrics
Beta: 0.4158
Alpha: -30.70%
Correlation: 0.0547
R-Squared: 0.3%
Stock Volatility: 96.9%
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 SPRU
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $628K | #2512 of 3138 | +3.1% | 13F | |
| Citadel Hedge fund Ken Griffin | $68K | #5920 of 6285 | -35.0% | 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
SPRU Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 18,038,794 (as of 2026-03-31)
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.
1 filers$45.41K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $45.41K | 100.00% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
SPRU Insider Trading (Form 4)
Latest: 2026-09-23Form 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 |
|---|---|---|---|---|---|---|---|
| 2026-09-23 | Steel Partners Holdings GP Inc. | 10%+ Owner | Buy (P) | +369,460 | $2.04 | $753.7K | EDGAR |
| 2026-09-21 | Benjamin L Rosenzweig | Director | Award (A) | +117,801 | $1.91 | $225.0K | EDGAR |
| 2026-09-09 | Bobby Owens | General Counsel | Award (A) | +42,918 | — | EDGAR | |
| 2026-09-04 | Jack L Howard | Director | Award (A) | +105,140 | $2.14 | $225.0K | EDGAR |
| 2026-08-06 | Jacqueline T. Williams | Director | Award (A) | +2,650 | — | EDGAR | |
| 2026-08-06 | Jacqueline T. Williams | Director | Award (A) | +2,650 | — | EDGAR | |
| 2026-06-18 | Jonathan McWhinnie Norling | Chief Legal Officer | Sell (S) | −15,000 | $2.84 | -$42.5K | EDGAR |
| 2026-05-13 | Jonathan McWhinnie Norling | Chief Legal Officer | Tax (F) | −18,669 | $3.24 | -$60.5K | EDGAR |
| 2026-05-07 | Shawn W Kravetz | Director | Award (A) | +187,500 | — | EDGAR | |
| 2026-04-22 | SPH Group Holdings LLC | 10%+ Owner | Buy (P) | +170,345 | $4.13 | $702.9K | EDGAR |
| 2026-04-17 | STEEL PARTNERS HOLDINGS L.P. | 10%+ Owner | Buy (P) | +99,708 | $4.08 | $406.7K | EDGAR |
| 2026-04-14 | Steel Connect LLC | 10%+ Owner | Buy (P) | +67,914 | $4.03 | $273.4K | EDGAR |
| 2026-04-10 | Jonathan McWhinnie Norling | Chief Legal Officer | Tax (F) | −6,032 | $4.13 | -$24.9K | EDGAR |
| 2026-04-09 | Steel Excel Inc. | 10%+ Owner | Buy (P) | +136,724 | $3.99 | $545.3K | EDGAR |
| 2026-04-06 | Jonathan McWhinnie Norling | Chief Legal Officer | Tax (F) | −11,233 | $4.11 | -$46.2K | 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.
SPRU Insider Holdings
23 insiders · @ $1.32
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 | Steel Partners Holdings GP Inc. | 10%+ Owner | 3,482,160 | $4.60M | $4.25M | 5 | 2026-09-23 |
| 2 | SPH Group Holdings LLC | 10%+ Owner | 3,429,380 | $4.53M | $1.01M | 2 | 2026-04-22 |
| 3 | STEEL PARTNERS HOLDINGS L.P. | 10%+ Owner | 3,401,405 | $4.49M | $1.68M | 3 | 2026-04-17 |
| 4 | Steel Connect LLC | 10%+ Owner | 3,390,801 | $4.48M | $27.80M | 3 | 2026-04-14 |
| 5 | Steel Excel Inc. | 10%+ Owner | 3,366,567 | $4.44M | $1.35M | 2 | 2026-04-09 |
| 6 | Steel Connect Sub LLC | 10%+ Owner | 3,256,759 | $4.30M | $6.77M | 5 | 2026-03-16 |
| 7 | SPH Group LLC | 10%+ Owner | 2,966,434 | $3.92M | $10.80M | 3 | 2025-11-28 |
| 8 | Christopher M. Hayes | President & CEO | 695,037 | $917.4K | $107.3K | 7 | 2025-05-14 |
| 9 | Kevin Griffin | Director | 541,880 | $715.3K | $23.7K | 3 | 2025-03-21 |
| 10 | Christian S. Fong | President and CEO | 454,415 | $599.8K | $142.5K | 12 | 2025-03-31 |
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.
SPRU Board & Officers
As of SEC filings through Sep 23, 2026Directors 6
- Jonathan J Ledecky · since Jul 11, 2019
- John P. Miller · since Feb 28, 2022
- McBane Clara Nagy · since Jun 21, 2024
- Shawn W Kravetz · since Jun 24, 2025
- Jack L Howard · listed since Sep 2026
- Benjamin L Rosenzweig · since Sep 18, 2026
Officers 4
- Christopher M. Hayes · President & CEO · listed since May 2025
- Thomas James Cimino · Chief Financial Officer · listed since Dec 2025
- Jonathan McWhinnie Norling · Chief Legal Officer · since Feb 1, 2023
- Bobby Owens · General Counsel · since Jul 13, 2026
10% owners 7
- SP Strategic Holdings LLC (entity) · on file since Dec 2025
- SPH Group Holdings LLC (entity) · since Nov 11, 2025
- SPH Group LLC (entity) · since Nov 11, 2025
- Steel Connect LLC (entity) · since Nov 11, 2025
- Steel Excel Inc. (entity) · since Nov 11, 2025
- Steel Partners Holdings GP Inc. (entity) · since Nov 11, 2025
- Steel Partners Holdings L.p. (entity) · since Nov 11, 2025
Changes in the last 10 years (66)
| Sep 18, 2026 | Benjamin L Rosenzweig became a director |
| Sep 4, 2026 | Jack L Howard first listed as a director in an SEC filing |
| Jul 13, 2026 | Bobby Owens became General Counsel |
| Jun 17, 2026 | The company announced the departure of Ja-Chin Lee from the board in an SEC filing |
| Dec 11, 2025 | Thomas James Cimino listed as Chief Financial Officer (previously Interim CFO) in SEC filings |
| Dec 4, 2025 | SP Strategic Holdings LLC first on file as a 10% owner |
| Nov 11, 2025 | Steel Partners Holdings L.p. became a 10% owner |
| Nov 11, 2025 | Steel Partners Holdings GP Inc. became a 10% owner |
| Nov 11, 2025 | Steel Excel Inc. became a 10% owner |
| Nov 11, 2025 | Steel Connect LLC became a 10% owner |
| Nov 11, 2025 | SPH Group LLC became a 10% owner |
| Nov 11, 2025 | SPH Group Holdings LLC became a 10% owner |
| Jun 24, 2025 | Shawn W Kravetz became a director |
| Jun 5, 2025 | Thomas James Cimino became Interim CFO |
| May 14, 2025 | Christopher M. Hayes first listed as President & CEO in an SEC filing |
| Apr 29, 2025 | The company announced the departure of Sarah Weber Wells as Chief Financial Officer in an SEC filing |
| Dec 2, 2024 | Christopher M. Hayes no longer listed as President and CEO in SEC filings |
| Jun 21, 2024 | McBane Clara Nagy became a director |
| Apr 16, 2024 | Christopher M. Hayes first listed as President and CEO in an SEC filing |
| Apr 12, 2024 | The company announced the departure of Christopher M. Hayes from the board in an SEC filing |
| Apr 12, 2024 | The company announced the departure of Christian S. Fong from the board in an SEC filing |
| Apr 12, 2024 | Ja-Chin Lee became a director |
| Sep 12, 2023 | Sarah Weber Wells listed as Chief Financial Officer (previously SVP of Fin & Acc & Sustain') in SEC filings |
| May 19, 2023 | Christian S. Fong listed as President and CEO (previously President) in SEC filings |
| Feb 1, 2023 | The company announced the departure of Eric M. Tech as CEO in an SEC filing |
| Feb 1, 2023 | Sarah Weber Wells became SVP of Fin & Acc & Sustain' |
| Feb 1, 2023 | Jonathan McWhinnie Norling became Chief Legal Officer |
| Dec 15, 2022 | The company announced the departure of Sarah Sclarsic from the board in an SEC filing |
| Dec 15, 2022 | The company announced the departure of Debora M. Frodl from the board in an SEC filing |
| Sep 9, 2022 | Christian S. Fong became a director |
| Sep 9, 2022 | Christian S. Fong became President |
| May 10, 2022 | The company announced the departure of James P Berklas JR as General Counsel in an SEC filing |
| May 10, 2022 | Stacey Constas became General Counsel |
| May 10, 2022 | Michael Kenhard became CTO and VP of Engineering |
| May 10, 2022 | Colleen Calhoun became VP / GM of XL Grid |
| Apr 11, 2022 | Donald P Klein became Chief Financial Officer |
| Mar 21, 2022 | The company announced the departure of Thomas J. Hynes III from the board in an SEC filing |
| Mar 21, 2022 | The company announced the departure of Thomas J. Hynes III as President in an SEC filing |
| Feb 28, 2022 | John P. Miller became a director |
| Jan 31, 2022 | The company announced the departure of Cielo Hernandez as Chief Financial Officer in an SEC filing |
| Dec 1, 2021 | Eric M. Tech became a director |
| Dec 1, 2021 | Eric M. Tech became CEO |
| Sep 30, 2021 | The company announced the departure of Declan Flanagan from the board in an SEC filing |
| Apr 12, 2021 | Cielo Hernandez became Chief Financial Officer |
| Jan 11, 2021 | James P Berklas JR became General Counsel |
| Dec 23, 2020 | Kevin Griffin no longer listed as a 10% owner in SEC filings |
| Dec 23, 2020 | Jonathan J Ledecky no longer listed as an officer in SEC filings |
| Dec 23, 2020 | Jonathan J Ledecky no longer listed as a 10% owner in SEC filings |
| Dec 21, 2020 | Thomas J. Hynes III became a director |
| Dec 21, 2020 | Thomas J. Hynes III became President |
| Dec 21, 2020 | Niharika Ramdev became a director |
| Dec 21, 2020 | Dimitri Kazarinoff became a director |
| Dec 21, 2020 | Dimitri Kazarinoff became Chief Executive Officer |
| Dec 21, 2020 | Declan Flanagan became a director |
| Dec 21, 2020 | Debora M. Frodl became a director |
| Dec 21, 2020 | Christopher M. Hayes became a director |
| Jul 11, 2019 | Sarah Sclarsic became a director |
| Jul 11, 2019 | Pivotal Investment Holdings II LLC became a 10% owner |
| Jul 11, 2019 | Kevin Griffin became a director |
| Jul 11, 2019 | Kevin Griffin became a 10% owner |
| Jul 11, 2019 | Katrina Adams became a director |
| Jul 11, 2019 | Jonathan J Ledecky became an officer |
| Jul 11, 2019 | Jonathan J Ledecky became a director |
| Jul 11, 2019 | Jonathan J Ledecky became a 10% owner |
| Jul 11, 2019 | James HR Brady became Chief Financial Officer |
| Jul 11, 2019 | Efrat Epstein became a director |
Not reported recently (13)
- Eric M. Tech · Last reported as a director in an SEC filing dated Mar 31, 2025
- Christian S. Fong · Last reported as President and CEO in an SEC filing dated Mar 31, 2025
- Kevin Griffin · Last reported as a director in an SEC filing dated Mar 21, 2025
- Stacey Constas · Last reported as General Counsel in an SEC filing dated Jun 30, 2023
- Donald P Klein · Last reported as Chief Financial Officer in an SEC filing dated Apr 28, 2023
- Colleen Calhoun · Last reported as VP / GM of XL Grid in an SEC filing dated May 23, 2022
- Michael Kenhard · Last reported as CTO and VP of Engineering in an SEC filing dated May 23, 2022
- Niharika Ramdev · Last reported as a director in an SEC filing dated Dec 15, 2021
- Dimitri Kazarinoff · Last reported as a director in an SEC filing dated Dec 23, 2020
- Efrat Epstein · Last reported as a director in an SEC filing dated Jul 11, 2019
- James HR Brady · Last reported as Chief Financial Officer in an SEC filing dated Jul 11, 2019
- Pivotal Investment Holdings II LLC · Last reported as a 10% owner in an SEC filing dated Jul 11, 2019
- Katrina Adams · Last reported as a director in an SEC filing dated Jul 11, 2019
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.
SPRU Proposed Insider Sales (Form 144)
Latest: 2026-09-08
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
10 filings
· $367K notice value
· 2 unique filers
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:
Lee Ja-Chin (9, $208K) · Norling Jonathan McWhinnie (1, $159K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-08 | Lee Ja-Chin | Former Director | 10,000 | $17.7K | 2026-09-08 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-27 | Lee Ja-Chin | Former Director | 10,000 | $19.5K | 2026-08-27 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-26 | Lee Ja-Chin | Former Director | 12,500 | $25.6K | 2026-08-26 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-25 | Lee Ja-Chin | Former Director | 10,000 | $21.2K | 2026-08-25 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-24 | Lee Ja-Chin | Former Director | 10,000 | $19.6K | 2026-08-24 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-21 | Lee Ja-Chin | Former Director | 10,000 | $18.6K | 2026-08-21 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-20 | Lee Ja-Chin | Former Director | 10,000 | $18.8K | 2026-08-20 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-17 | Lee Ja-Chin | Former Director | 14,684 | $29.2K | 2026-08-17 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-14 | Lee Ja-Chin | Former Director | 18,847 | $37.5K | 2026-08-14 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-13 | Norling Jonathan McWhinnie | Former Officer | 73,155 | $159.2K | 2026-08-13 | Fidelity Brokerage Services, 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).
ETF Holders
4 ETFs hold SPRU
4 shown · $1.15M total exposure · 0.01% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $723,687 | — | 2026-09-30 |
| 2 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $354,587 | — | 2026-09-30 |
| 3 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.01% | $68,833 | $1.2B | 2026-10-23 |
| 4 | DXUV Dimensional US Vector Equity ETF | Dimensional | 0.00% | $4,507 | — | 2026-10-23 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.76
TTM Revenue
$111.41M
TTM Net Income
$-13.61M
TTM Op. Cash Flow
$2.90M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $23.42M | $-2.92M | $-0.16 | $-2.70M |
| Q4 '25 | 2025-12-31 | $24.03M | $-6.86M | $-0.38 | $-3.30M |
| Q3 '25 | 2025-09-30 | $30.73M | $-860.00K | $-0.05 | $11.24M |
| Q2 '25 | 2025-06-30 | $33.24M | $-2.97M | $-0.17 | $-2.34M |
| Q1 '25 | 2025-03-31 | $23.83M | $-15.34M | $-0.84 | $-9.12M |
| Q4 '24 | 2024-12-31 | $20.23M | $-5.93M | $-0.32 | $-13.46M |
| Q3 '24 | 2024-09-30 | $21.38M | $-53.53M | $-2.88 | $-1.05M |
| Q2 '24 | 2024-06-30 | $22.48M | $-8.58M | $-0.45 | $-5.12M |
| Q1 '24 | 2024-03-31 | $18.29M | $-2.45M | $-0.13 | $-22.19M |
| Q4 '23 | 2023-12-31 | $15.70M | $-30.19M | $-1.61 | $-17.74M |
| Q3 '23 | 2023-09-30 | $23.25M | $-19.31M | $-1.11 | $2.35M |
| Q2 '23 | 2023-06-30 | $22.81M | $3.06M | $0.15 | $-10.02M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-14
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
0.20
P/S
0.21
EV/EBITDA
8.12
EV/Sales
3.90
ROE
-11.4%
ROA
-1.7%
Div Yield
0.00%
FCF Yield
12.17%
Debt/Equity
3.86
Current Ratio
—
Market Cap
$23.81M
as of 2026-10-26
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
868.73K
SI % of Float
6.53%
Days to Cover
2.75
Short Vol Ratio
29.6%
Free Float
13.30M
Float %
69.1%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-09-23