SBAC

SBA Communications Corporation
NasdaqGSUSDEQUITY Real Estate DELAYED
Last price
169.70
▲ 7.88 (4.87%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
162.50
Prev close
161.82
Day high
170.18
Day low
162.07
Volume
1.19M
Market cap
$18.00B
P/E (TTM)
17.46
52W range
156.60 – 224.46

Day trading desk

Current session · delayed
Gap from prior close
+0.42%
Prior close 161.82
VWAP
168.86
+0.50% from price
Relative volume
2.14×
Unusually busy
Session range
5.00%
162.07 – 170.18
Position in range
94%
Near session high
ATR (14D)
4.88
2.87% of price
Prior day high
161.96
PDH
Prior day low
156.60
PDL
Bid / ask spread
—
Quote not published
Session volume
2.07M
Avg 968.07K

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

Price return · vs SPY
Returnvs SPY
1W
+4.23% +2.3%
1M
-10.42% -11.6%
3M
-6.75% -11.3%
6M
-17.57% -35.7%
YTD
-12.27% -26.5%
1Y
-11.66% -28.1%
3Y
-15.22% -97.5%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on SBAC 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

6m · Form 4 rollup
Net shares
+14.34K
Net buying
Buy transactions
15
14.64K shares
Sell transactions
1
300 shares
Net transactions
+16
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
811.57K
Total on file
Bought 14.64KSold 300

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Aug 17, 26
KROUSE GEORGE R JR
Director
SELL 300 $54.80K Direct
Jul 31, 26
DAY DONALD E.
Officer
— 457 — Direct
May 13, 26
KROUSE GEORGE R JR
Director
CONVERSION 501 $106.37K Direct
May 13, 26
LANGER JACK
Director
CONVERSION 1.50K $318.68K Direct
May 13, 26
BERNSTEIN STEVEN E
Director
CONVERSION 1.50K $318.68K Direct
May 13, 26
BEEBE KEVIN L
Director
CONVERSION 1.50K $318.68K Direct
May 1, 26
BOWEN LAURIE
Director
— 881 — Direct
May 1, 26
KROUSE GEORGE R JR
Director
— 881 — Direct
May 1, 26
CHAN MARY S
Director
— 881 — Direct
May 1, 26
JOHNSON JAY LECORYELLE
Director
— 881 — Direct
May 1, 26
WILSON AMY E.
Director
— 881 — Direct
May 1, 26
LANGER JACK
Director
— 881 — Direct
May 1, 26
BERNSTEIN STEVEN E
Director
— 881 — Direct
May 1, 26
BEEBE KEVIN L
Director
— 881 — 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.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BEEBE KEVIN L
Director 16.64K Conversion of Exercise of derivative security
BERNSTEIN STEVEN E
Director 63.45K Conversion of Exercise of derivative security
CANE RICHARD M
Officer 12.40K Conversion of Exercise of derivative security
CAVANAGH BRENDAN THOMAS
Chief Executive Officer 97.09K Conversion of Exercise of derivative security
CIARFELLA MARK R.
Officer 42.82K Conversion of Exercise of derivative security
DAY DONALD E.
Officer 9.99K Conversion of Exercise of derivative security
KOENIG JOSHUA
General Counsel 10.72K Conversion of Exercise of derivative security
KROUSE GEORGE R JR
Director 8.51K Sale
LANGER JACK
Director 19.34K Conversion of Exercise of derivative security
STOOPS JEFFREY A
Chairman of the Board 401.33K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$18.00B
Enterprise value$32.97B
Revenue (TTM)$2.87B
Gross profit$2.13B
EBITDA$1.83B
Net income$990.72M
EPS (TTM)$9.72
Free cash flow$752.06M
Total cash$327.05M
Total debt$15.21B
Book value / share$-43.64
Shares outstanding106.09M
Float105.30M
Short % of float4.96%
Dividend yield3.09%
Beta (5Y)0.99

Valuation & profitability ratios

Account required
Trailing P/E17.46
Forward P/E20.74
PEG ratio9.39
Price / sales—
Price / book—
EV / revenue11.49
EV / EBITDA17.98
Gross margin74.20%
Operating margin52.16%
Profit margin34.51%
Return on equity—
Return on assets8.41%
Debt / equity—
Current ratio0.17
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $2.82B$2.68B$2.71B$2.63B +5.1%
Operating revenue $2.82B$2.68B$2.71B$2.63B +5.1%
Cost of revenue $690.97M$581.73M$612.62M$668.65M +18.8%
Gross profit $2.12B$2.10B$2.10B$1.96B +1.3%
Selling, general & admin $277.61M$258.76M$267.94M$261.85M +7.3%
Total operating expense $569.90M$528.27M$984.25M$969.43M +7.9%
Operating income $1.55B$1.57B$1.11B$995.38M -1.0%
Net interest income -$466.96M-$406.74M-$438.21M-$409.60M -14.8%
Pre-tax income $1.24B$772.67M$548.50M$525.84M +60.7%
Tax provision $187.58M$23.99M$51.09M$66.04M +682.0%
Net income $1.05B$749.54M$501.81M$461.43M +40.6%
Net income to common $1.05B$749.54M$501.81M$461.43M +40.6%
Basic EPS 9.836.964.644.27 +41.2%
Diluted EPS 9.806.944.614.22 +41.2%
EBIT $1.72B$1.20B$984.74M$925.74M +43.2%
EBITDA $2.01B$1.47B$1.70B$1.63B +36.8%
Basic shares 107.21M107.64M108.20M107.96M -0.4%
Diluted shares 107.53M108.08M108.91M109.39M -0.5%

Options analytics

Account required
Put / call volume
0.02
Call-heavy session
Put / call open interest
0.20
Positioning, not flow
Max pain
175.00
+3.1% from spot
ATM implied vol
41.5%
Nearest strike to spot
Skew (10% OTM)
+22.1%
Puts bid over calls
Call volume
3.56K
Contracts, this expiry
Put volume
63
Contracts, this expiry
Heaviest call OI
185.00
2.92K contracts
Heaviest put OI
175.00
718 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.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 1.891.87 -1.2%
Mar 2026 1.741.74 -0.3%
Dec 2025 4.053.47 -14.3%
Sep 2025 2.162.20 +1.8%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 2.09 9 $724.97M -1.0%
Next quarter 1.99 9 $720.95M +0.2%
Current year 7.71 10 $2.86B +1.8%
Next year 8.18 10 $2.94B +2.5%

Analyst targets & ownership

Account required
Mean target$226.20
High target$280.00
Low target$167.00
Implied upside33.29%
Analyst count20
ConsensusBUY
Strong buy / Buy3 / 8
Hold10
Sell / Strong sell0 / 0
Held by insiders0.77%
Held by institutions101.54%
Institutions holding1.01K
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
163.72
+3.65% from price
SMA 20
172.44
-1.59% from price
SMA 50
179.66
-5.55% from price
SMA 100
185.86
-8.70% from price
SMA 200
191.01
-11.16% from price
EMA 12
166.66
+1.82% from price
EMA 26
172.52
-1.64% from price
EMA 50
177.75
-4.53% from price
RSI (14)
45.5
Neutral
MACD (12,26,9)
-5.86
Hist -0.61
ATR (14)
4.88
2.87% of price
Realised vol 30D
27.4%
Annualised
Bollinger upper
191.48
20, 2σ
Bollinger lower
153.41
20, 2σ
50 / 200 cross
Death
179.66 vs 191.01
Trend bias
Below 200
-11.16%

Options chain

Account required
Expiry
Spot 169.70
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.15
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
27.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-29.4%
Peak to trough
Max drawdown 5Y
-59.4%
Peak to trough
ATR 14
4.88
2.87% of price
Beta (reported)
0.99
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
3.79M
Prior 3.17M
Change vs prior
+19.9%
Shorts adding
% of float
4.96%
Normal
% of shares out
3.58%
Against total outstanding
Days to cover
4.6
Liquid
Float
105.30M
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

344 on file
DateFirm ActionFromTo
Sep 30, 26 Barclays MAINTAINED Overweight Overweight
Sep 21, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Aug 20, 26 Barclays MAINTAINED Overweight Overweight
Aug 5, 26 Truist Securities MAINTAINED Buy Buy
Aug 4, 26 JP Morgan MAINTAINED Neutral Neutral
Aug 4, 26 Morgan Stanley MAINTAINED Equal-Weight Equal-Weight
Jul 17, 26 Wells Fargo UPGRADE Equal-Weight Overweight
Jul 10, 26 RBC Capital MAINTAINED Outperform Outperform
May 5, 26 Barclays MAINTAINED Overweight Overweight
May 5, 26 Truist Securities MAINTAINED Buy Buy
May 1, 26 Scotiabank MAINTAINED Sector Perform Sector Perform
Apr 30, 26 Keybanc MAINTAINED Overweight Overweight

Dividends & splits

Declared · from the issuer
Forward rate$5.00 / yr
Forward yield3.09%
5-year avg yield1.31%
Payout ratio50.92%
Ex-dividend dateAug 20, 2026
Next pay dateSep 17, 2026
Last split—
Split date—

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.