PIPR
Piper Sandler Companies
NYSEUSDEQUITY
Financial Services
DELAYED
Sell
-50/100
Last price
65.66
▲ 0.03 (0.05%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
66.10
Prev close
65.63
Day high
66.18
Day low
65.14
Volume
449.72K
Market cap
$4.64B
P/E (TTM)
15.20
52W range
62.96 – 95.07
Day trading desk
Gap from prior close
+0.72%
Prior close 65.63
VWAP
65.62
+0.06% from price
Relative volume
1.74×
Unusually busy
Session range
1.73%
65.14 – 66.26
Position in range
47%
Mid range
ATR (14D)
2.45
3.72% of price
Prior day high
66.37
PDH
Prior day low
64.25
PDL
Bid / ask spread
—
Quote not published
Session volume
1.14M
Avg 651.78K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.45%
-0.5%
1M
-14.77%
-15.9%
3M
-7.38%
-11.9%
6M
-16.10%
-34.3%
YTD
-22.69%
-36.9%
1Y
-23.14%
-39.6%
3Y
+80.74%
-1.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on PIPR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-70.86K
Net selling
Buy transactions
26
19.14K shares
Sell transactions
1
90.00K shares
Net transactions
+27
Buys less sells
Sell : buy shares
4.7 : 1
Mixed
Insider-held shares
2.54M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | SORAN PHILIP E Director |
STOCK | 383 | $0 | Direct |
| Sep 30, 26 | STERLING BRIAN R Director |
STOCK | 383 | $0 | Direct |
| Sep 22, 26 | SCHOPPERT WENDY LEE Director |
STOCK | 1.40K | $0 | Direct |
| Sep 11, 26 | HOLT VICTORIA M Director |
STOCK | 79 | $0 | Direct |
| Sep 11, 26 | SORAN PHILIP E Director |
STOCK | 214 | $0 | Direct |
| Sep 11, 26 | STERLING BRIAN R Director |
STOCK | 33 | $0 | Direct |
| Sep 11, 26 | MITCHELL ROBBIN Director |
STOCK | 42 | $0 | Direct |
| Sep 11, 26 | GALLO ANN C Director |
STOCK | 22 | $0 | Direct |
| Sep 11, 26 | TAYLOR SCOTT CAREY Director |
STOCK | 91 | $0 | Direct |
| Jun 30, 26 | SORAN PHILIP E Director |
STOCK | 345 | $0 | Direct |
| Jun 30, 26 | STERLING BRIAN R Director |
STOCK | 345 | $0 | Direct |
| Jun 30, 26 | GALLO ANN C Director |
STOCK | 345 | $0 | Direct |
| Jun 12, 26 | HOLT VICTORIA M Director |
STOCK | 76 | $0 | Direct |
| Jun 12, 26 | SORAN PHILIP E Director |
STOCK | 206 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ABRAHAM CHAD R |
Chief Executive Officer | 103.31K | Stock Award(Grant) |
BAKER JAMES PAUL |
Officer | 117.56K | Stock Award(Grant) |
DOYLE JONATHAN J |
Officer and Director | 477.68K | Sale |
HOLT VICTORIA M |
Director | 31.94K | Stock Award(Grant) |
PELTIER JEAN-PAUL M. |
Officer | 37.59K | Stock Award(Grant) |
SCHONEMAN DEBBRA L.EE |
President | 63.37K | Stock Award(Grant) |
SCHREIER THOMAS S JR |
Director | 32.48K | Stock Award(Grant) |
SORAN PHILIP E |
Director | 82.23K | Stock Award(Grant) |
STERLING BRIAN R |
Director | 105.33K | Stock Award(Grant) |
TAYLOR SCOTT CAREY |
Director | 68.11K | Stock Award(Grant) |
Fundamentals
Market cap$4.64B
Enterprise value$3.92B
Revenue (TTM)$2.12B
Gross profit$1.94B
EBITDA—
Net income$307.32M
EPS (TTM)$4.32
Free cash flow—
Total cash$862.32M
Total debt$176.63M
Book value / share$20.32
Shares outstanding70.67M
Float64.93M
Short % of float4.10%
Dividend yield1.22%
Beta (5Y)1.44
Valuation & profitability ratios
Trailing P/E15.20
Forward P/E11.95
PEG ratio1.26
Price / sales—
Price / book3.23
EV / revenue1.85
EV / EBITDA—
Gross margin91.82%
Operating margin21.61%
Profit margin14.53%
Return on equity24.53%
Return on assets16.98%
Debt / equity11.27
Current ratio2.43
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.84B | $1.48B | $1.30B | $1.37B | +24.4% |
| Operating revenue | $1.84B | $1.48B | $1.30B | $1.37B | +24.4% |
| Selling, general & admin | $1.23B | $1.05B | $934.77M | $1.03B | +17.9% |
| Pre-tax income | $374.55M | $218.41M | $122.59M | $134.37M | +71.5% |
| Tax provision | $80.58M | $60.97M | $23.61M | $33.19M | +32.2% |
| Net income | $281.33M | $181.11M | $85.49M | $110.67M | +55.3% |
| Net income to common | $281.33M | $181.11M | $85.49M | $110.67M | +55.3% |
| Basic EPS | 4.22 | 2.86 | 1.43 | 1.98 | +47.6% |
| Diluted EPS | 3.96 | 2.56 | 1.24 | 1.63 | +54.5% |
| Basic shares | 66.63M | 63.35M | 59.83M | 55.93M | +5.2% |
| Diluted shares | 71.14M | 70.78M | 68.90M | 67.86M | +0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $809.41M | $482.83M | $383.10M | $365.62M | — | +67.6% |
| Accounts receivable | $87.86M | $97.18M | $27.77M | $42.65M | — | -9.6% |
| Property, plant & equipment | $141.33M | $126.02M | $130.16M | $155.95M | — | +12.2% |
| Goodwill & intangibles | $418.86M | $419.53M | $417.96M | $436.79M | — | -0.2% |
| Total assets | $2.59B | $2.26B | $2.14B | $2.18B | — | +14.9% |
| Current debt | $15.00M | $10.00M | $30.00M | $0 | — | +50.0% |
| Long-term debt | — | — | $40.44M | $125.00M | $125.00M | — |
| Total debt | $116.35M | $98.82M | $123.73M | $234.77M | — | +17.7% |
| Total liabilities | $1.01B | $840.16M | $841.51M | $927.53M | — | +20.2% |
| Retained earnings | $728.93M | $561.75M | $454.36M | $453.31M | — | +29.8% |
| Shareholder equity | $1.37B | $1.23B | $1.09B | $1.05B | — | +11.7% |
| Net tangible assets | $952.15M | $808.30M | $667.54M | $617.28M | — | +17.8% |
| Shares issued | 78.25M | 78.23M | 78.21M | 78.18M | — | +0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $293.96M | $157.44M | $98.97M | $101.18M | +86.7% |
| Depreciation & amortisation | $27.39M | $27.07M | $37.37M | $31.01M | +1.2% |
| Stock-based compensation | $123.91M | $103.36M | $93.77M | $131.20M | +19.9% |
| Change in working capital | $110.55M | -$8.88M | $23.27M | -$464.82M | +1,345.2% |
| Operating cash flow | $586.63M | $313.25M | $275.63M | -$224.91M | +87.3% |
| Capital expenditure | -$34.66M | -$15.50M | -$10.05M | -$30.60M | -123.7% |
| Investing cash flow | -$43.65M | -$31.77M | -$10.05M | -$127.10M | -37.4% |
| Share buybacks | -$125.04M | -$66.43M | -$70.68M | -$187.33M | -88.2% |
| Dividends paid | -$114.15M | -$73.73M | -$84.44M | -$107.53M | -54.8% |
| Financing cash flow | -$218.73M | -$180.61M | -$249.59M | -$250.06M | -21.1% |
| Free cash flow | $551.96M | $297.76M | $265.58M | -$255.51M | +85.4% |
| End cash position | $809.41M | $482.83M | $383.10M | $365.62M | +67.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $490.10M | $469.37M | $647.77M | $461.55M | $392.08M | +4.4% |
| Operating revenue | $490.10M | $469.37M | $647.77M | $461.55M | $392.08M | +4.4% |
| Selling, general & admin | $324.59M | $311.21M | $402.56M | $299.05M | $272.08M | +4.3% |
| Pre-tax income | $100.44M | $87.93M | $188.76M | $107.43M | $48.92M | +14.2% |
| Tax provision | $30.34M | $19.62M | $45.80M | $24.95M | $17.17M | +54.6% |
| Net income | $67.84M | $65.24M | $113.97M | $60.27M | $42.18M | +4.0% |
| Net income to common | $67.84M | $65.24M | $113.97M | $60.27M | $42.18M | +4.0% |
| Basic EPS | 1.00 | 0.96 | 1.69 | 0.90 | 0.63 | +4.2% |
| Diluted EPS | 0.95 | 0.92 | 1.60 | 0.85 | 0.59 | +3.3% |
| Basic shares | 67.70M | 67.84M | 67.32M | 66.86M | 66.81M | -0.2% |
| Diluted shares | 71.24M | 71.23M | 71.25M | 71.23M | 70.90M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $304.23M | $344.43M | $809.41M | $114.00M | $123.32M | -11.7% |
| Accounts receivable | $91.10M | $86.34M | $87.86M | $95.73M | $93.01M | +5.5% |
| Property, plant & equipment | $200.03M | $135.12M | $141.33M | $147.04M | $148.52M | +48.0% |
| Goodwill & intangibles | $415.88M | $417.94M | $418.86M | $422.62M | $415.10M | -0.5% |
| Total assets | $2.33B | $2.13B | $2.59B | $2.22B | $1.96B | +9.2% |
| Current debt | $15.00M | $15.00M | $15.00M | $15.00M | $15.00M | 0.0% |
| Total debt | $175.01M | $112.22M | $116.35M | $114.66M | $116.22M | +55.9% |
| Total liabilities | $759.43M | $572.20M | $1.01B | $756.66M | $559.73M | +32.7% |
| Retained earnings | $733.99M | $680.54M | $728.93M | $629.83M | $581.50M | +7.9% |
| Shareholder equity | $1.37B | $1.34B | $1.37B | $1.28B | $1.23B | +2.3% |
| Net tangible assets | $956.87M | $923.90M | $952.15M | $860.22M | $814.79M | +3.6% |
| Shares issued | 67.50M | 78.12M | 78.25M | 78.25M | 78.25M | -13.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $70.10M | $68.31M | $142.96M | $82.48M | $31.75M | +2.6% |
| Depreciation & amortisation | $6.94M | $6.79M | $8.06M | $6.81M | $6.23M | +2.2% |
| Stock-based compensation | $28.77M | $28.02M | $48.08M | $23.41M | $21.26M | +2.7% |
| Change in working capital | -$67.89M | -$420.11M | $542.66M | -$90.51M | -$22.87M | +83.8% |
| Operating cash flow | $36.25M | -$291.72M | $729.80M | $31.91M | $32.14M | +112.4% |
| Capital expenditure | -$7.79M | -$2.15M | -$3.32M | -$5.98M | -$14.22M | -261.4% |
| Investing cash flow | -$7.79M | -$3.31M | -$3.32M | -$14.97M | -$14.22M | -135.5% |
| Share buybacks | -$30.97M | -$69.89M | -$19.85M | -$3.68M | -$20.89M | +55.7% |
| Dividends paid | -$13.84M | -$100.72M | -$14.87M | -$11.93M | -$17.09M | +86.3% |
| Financing cash flow | -$68.41M | -$168.92M | -$31.27M | -$25.23M | -$22.66M | +59.5% |
| Free cash flow | $28.46M | -$293.87M | $726.48M | $25.92M | $17.93M | +109.7% |
| End cash position | $304.23M | $344.43M | $809.41M | $114.00M | $123.32M | -11.7% |
Options analytics
Put / call volume
20.80
Put-heavy session
Put / call open interest
84.63
Positioning, not flow
Max pain
70.00
+6.6% from spot
ATM implied vol
77.9%
Nearest strike to spot
Skew (10% OTM)
+6.9%
Puts bid over calls
Call volume
5
Contracts, this expiry
Put volume
104
Contracts, this expiry
Heaviest call OI
70.00
9 contracts
Heaviest put OI
60.00
702 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.88 | 1.04 | +17.9% |
| Mar 2026 | 0.77 | 1.00 | +29.5% |
| Dec 2025 | 1.19 | 1.72 | +44.5% |
| Sep 2025 | 0.82 | 0.96 | +16.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.94 | 5 | $466.94M | +2.6% |
| Next quarter | 1.64 | 5 | $656.00M | +3.3% |
| Current year | 4.62 | 5 | $2.08B | +10.9% |
| Next year | 5.49 | 5 | $2.34B | +12.4% |
Analyst targets & ownership
Mean target$80.88
High target$87.50
Low target$75.00
Implied upside23.17%
Analyst count4
ConsensusBUY
Strong buy / Buy0 / 3
Hold1
Sell / Strong sell0 / 1
Held by insiders3.78%
Held by institutions89.05%
Institutions holding553
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
68.07
-3.53% from price
SMA 20
71.01
-7.53% from price
SMA 50
73.72
-10.93% from price
SMA 100
75.42
-12.94% from price
SMA 200
79.22
-17.11% from price
EMA 12
68.25
-3.79% from price
EMA 26
70.79
-7.24% from price
EMA 50
72.80
-9.81% from price
RSI (14)
31.4
Neutral
MACD (12,26,9)
-2.54
Hist -0.67
ATR (14)
2.45
3.72% of price
Realised vol 30D
35.7%
Annualised
Bollinger upper
78.86
20, 2σ
Bollinger lower
63.16
20, 2σ
50 / 200 cross
Death
73.72 vs 79.22
Trend bias
Below 200
-17.11%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.38
More volatile than market
Correlation to SPY
0.50
Loosely linked
Realised vol 30D
35.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-31.5%
Peak to trough
Max drawdown 5Y
-45.6%
Peak to trough
ATR 14
2.45
3.72% of price
Beta (reported)
1.44
5Y monthly, from filing
Short interest
Shares short
2.41M
Prior 2.77M
Change vs prior
-12.9%
Shorts covering
% of float
4.10%
Normal
% of shares out
3.41%
Against total outstanding
Days to cover
4.5
Liquid
Float
64.93M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 1, 26 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Mar 12, 26 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Nov 10, 25 | Goldman Sachs | UPGRADE | Neutral | Buy |
| Jul 10, 25 | Wolfe Research | UPGRADE | Peer Perform | Outperform |
| May 5, 25 | JMP Securities | MAINTAINED | Market Perform | Market Perform |
| Mar 14, 25 | Goldman Sachs | MAINTAINED | Neutral | Neutral |
| Mar 14, 25 | JMP Securities | MAINTAINED | Market Perform | Market Perform |
| Feb 3, 25 | Goldman Sachs | MAINTAINED | Neutral | Neutral |
| Feb 3, 25 | JMP Securities | MAINTAINED | Market Perform | Market Perform |
| Jan 6, 25 | Goldman Sachs | DOWNGRADE | Buy | Neutral |
| Sep 17, 24 | JMP Securities | MAINTAINED | — | Market Perform |
| Jun 11, 24 | JMP Securities | MAINTAINED | — | Market Perform |
Dividends & splits
Forward rate$0.80 / yr
Forward yield1.22%
5-year avg yield1.14%
Payout ratio16.80%
Ex-dividend dateAug 28, 2026
Next pay dateSep 11, 2026
Last split4:1
Split dateMar 24, 2026
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-22
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-30
Offering Registrations
S-8 · 2026-05-21
Periodic Financial Reports
10-Q · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-05-01
Proxy Statements
DEFA14A · 2026-04-09
Corporate Changes & Voting Matters
8-K · 2026-03-23
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.