| Profitability | 30/100 |
| Growth | 76/100 |
| Momentum | 100/100 |
| Quality | 70/100 |
| Earnings Quality | 48/100 |
| Balance Sheet | 91/100 |
| Value | 36/100 |
| Risk (safety) | 100/100 |
| Overall | 72.7/100 |
| Symbol | IS Score |
|---|---|
| APP | 88 |
| CDNS | 76 |
| INTU | 79 |
| ADBE | 79 |
| SNOW | 58 |
| ADP | 54 |
| DDOG | 73 |
These two disagree — business quality 73, price structure 43 out of 100, so the business reads better than the price does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.
| Trigger | Where it stands now | What it would mean |
|---|---|---|
| IS Score reaches 75 and holds two consecutive quarters | now 72.7 | would move us up one band |
| IS Score stops falling - one quarter higher than the prior | last four: 60 → 60 → 62 → 73 | the direction matters more than the level |
| Technical vote share back above 50% | now 45% | price structure no longer broken |
| Institutional holder count rises two quarters running | peak 1,277 → now 1,277 | fewer institutions willing to hold is our clearest warning |
This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.
| Quarter | Holders | 13F shares | Value | Reported own% |
|---|---|---|---|---|
| 2026 Q2 | 1,277 | 305.8M | $75.2B | 86.2% |
| 2026 Q1 | 1,053 | 287.8M | $32.3B | 81.1% |
| 2025 Q4 | 1,054 | 286.2M | $36.5B | 80.7% |
| 2025 Q3 | 978 | 291.6M | $38.8B | 82.2% |
| 2025 Q2 | 970 | 277.0M | $35.2B | 78.1% |
| 2025 Q1 | 912 | 268.0M | $25.2B | 75.5% |
| 2024 Q4 | 961 | 270.4M | $36.6B | 76.2% |
| 2024 Q3 | 861 | 245.9M | $27.1B | 69.3% |
| 2024 Q2 | 834 | 244.0M | $30.8B | 68.8% |
| 2024 Q1 | 827 | 237.9M | $28.0B | 67.0% |
| 2023 Q4 | 806 | 233.2M | $26.9B | 65.7% |
| 2023 Q3 | 731 | 232.9M | $20.1B | 65.6% |
| Insider | Role | Date | Type | Shares | Value | Post-Txn Owned |
|---|---|---|---|---|---|---|
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | C-Conversion | 43,224 | — | 531,257 |
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | C-Conversion | 10,688 | — | 541,945 |
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | SELL | 18,609 | $5.05M | 523,336 |
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | SELL | 5,338 | $1.45M | 517,998 |
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | SELL | 2,789 | $0.76M | 515,209 |
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | SELL | 13,036 | $3.58M | 502,173 |
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | SELL | 8,268 | $2.28M | 493,905 |
| Le-Quoc Alexis | director, Chief Technology Officer | 2026-10-07 | SELL | 2,272 | $0.63M | 491,633 |
| 6-mo decomposition (Form 4) | Txns | Shares | Value | Signal weight |
|---|---|---|---|---|
| S — Open-market sales | 576 | 3,338,392 | $700.2M | Counted |
| M — Exercises (paired A/D) | 6 | 163,395 | $1.8M | None — mechanics |
| G — Gifts | 5 | 87,087 | — | None |
| P — Open-market purchases | 0 | 0 | $0 | Counted — none occurred |
| Filed | Filer | Shares registered | Est. proceeds |
|---|---|---|---|
| 2026-10-07 | Alexis T Lequoc | 53,912 | $15.0M |
| 2026-09-23 | Alexis T Lequoc | 43,224 | $10.7M |
| 2026-09-21 | David Obstler Children 2019 Trust Fbo Andrew Obstler | 3,000 | $0.7M |
| 2026-09-21 | David Obstler | 10,000 | $2.3M |
| Trailing 12 mo | 185 filings | 4,629,615 | $872M |
| Filed | Form | Reporting person | % of class | Shares |
|---|---|---|---|---|
| 2026-04-29 | SCHEDULE 13G | Vanguard Portfolio Management | 5.37% | 17.7M sh |
| 2026-04-29 | SCHEDULE 13G | Vanguard Capital Management | 7.46% | 24.5M sh |
| 2025-11-05 | SCHEDULE 13G | Abigail P. Johnson | 5.10% | 16.3M sh |
| 2025-10-30 | SCHEDULE 13G/A | The Vanguard Group | 12.96% | 41.9M sh |
| Member | Chamber | Trade | Size band | Traded | Disclosed |
|---|---|---|---|---|---|
| Maria Elvira Salazar | House | SELL | $1,001 - $15,000 | 2026-09-24 | 2026-10-08 |
| Ro Khanna | House | SELL | $1,001 - $15,000 | 2026-09-04 | 2026-10-09 |
| Maria Elvira Salazar | House | BUY | $15,001 - $50,000 | 2026-05-19 | 2026-06-09 |
| Bill Hagerty | Senate | SELL | $1,001 - $15,000 | 2023-12-27 | 2024-01-10 |
| Bill Hagerty | Senate | SELL | $1,001 - $15,000 | 2023-12-27 | 2024-01-09 |
| William Francis Hagerty | Senate | SELL | $1,001 - $15,000 | 2023-12-27 | 2024-01-09 |
| Manager | Shares | Value |
|---|---|---|
| Assenagon Asset Management S.A. | 1.4M | $379M |
| Congress Asset Management Co | 252,607 | $69M |
| Vontobel Holding Ltd. | 128,979 | $35M |
| Czech National Bank | 96,226 | $26M |
| Mn Services Vermogensbeheer B.V. | 91,026 | $25M |
| Fjarde Ap-Fonden /Fourth Swedish N | 80,004 | $22M |
| Fund | Weight | Position |
|---|---|---|
| VITSX | 0.1% | $2.9B |
| VSMPX | 0.1% | $2.9B |
| VTI | 0.1% | $2.9B |
| VTSAX | 0.1% | $2.9B |
| VOO | 0.1% | $2.4B |
| VFFSX | 0.1% | $2.4B |
| ATS Venue (4-wk) | Shares | Avg trade |
|---|---|---|
| Incr Intelligent Cross Llc | 7.3M | 58 sh |
| Ubsa Ubs Ats | 7.2M | 62 sh |
| Sgmt Sigma X2 | 4.9M | 58 sh |
| Ebxl Level Ats | 3.6M | 40 sh |
| Mstx Ms Trajectory Cross (Ats-1) | 3.4M | 63 sh |
| Mspl Ms Pool (Ats-4) | 3.4M | 143 sh |
| Region | Revenue | Share |
|---|---|---|
| North America | $2.4B | 42% |
| UNITED STATES | $2.3B | 40% |
| International | $994M | 17% |
Moat score 58/100 — Narrow; primary source Network Effects.
| Officer | Title |
|---|---|
| David Obstler | Chief Financial Officer |
| Alexis Le-Quoc | Co-Founder, Chief Technology Officer & Director |
| Adam Blitzer | Chief Operating Officer |
| Olivier Pomel | Co-Founder, Chief Executive Officer & Director |
| Period | EPS est. | EPS actual | EPS surprise | Rev est. ($M) | Rev actual ($M) | Rev surprise |
|---|
| YoY growth | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | +70.5% | +62.8% | +27.1% | +26.1% | +27.7% |
| Gross profit | +67.8% | +67.2% | +29.4% | +26.2% | +26.4% |
| Operating income | +39.1% | +206.4% | -43.0% | -262.2% | -181.7% |
| Net income | -15.5% | +141.8% | -196.8% | +278.3% | -41.4% |
| $B · FY ends | FY21 | FY22 | FY23 | FY24 | FY25 | Trend |
|---|---|---|---|---|---|---|
| Revenue | 1.0 | 1.7 | 2.1 | 2.7 | 3.4 | |
| Cost of revenue | 0.2 | 0.3 | 0.4 | 0.5 | 0.7 | |
| Gross profit | 0.8 | 1.3 | 1.7 | 2.2 | 2.7 | |
| R&D expense | 0.4 | 0.8 | 1.0 | 1.2 | 1.5 | |
| SG&A expense | 0.4 | 0.6 | 0.8 | 1.0 | 1.2 | |
| Operating income | -0.0 | -0.1 | -0.0 | 0.1 | -0.0 | |
| EBITDA | 0.0 | 0.0 | 0.2 | 0.3 | 0.3 | |
| D&A | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | |
| Pretax income | -0.0 | -0.0 | 0.1 | 0.2 | 0.1 | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Net income | -0.0 | -0.1 | 0.0 | 0.2 | 0.1 | |
| Diluted EPS ($) | -0.07 | -0.16 | 0.14 | 0.51 | 0.30 | |
| Diluted shares (M) | 309 | 315 | 350 | 359 | 363 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | 0.3 | 0.3 | 1.2 | 0.4 | |
| ST investments | 1.5 | 2.3 | 2.9 | 4.1 | |
| Receivables (net) | 0.4 | 0.5 | 0.6 | 0.7 | |
| Total current assets | 2.3 | 3.2 | 4.9 | 5.4 | |
| PP&E (net) | 0.2 | 0.3 | 0.4 | 0.6 | |
| Goodwill + intangibles | 0.4 | 0.4 | 0.4 | 0.5 | |
| Total assets | 3.0 | 3.9 | 5.8 | 6.6 | |
| Accounts payable | 0.0 | 0.1 | 0.1 | 0.1 | |
| Short-term debt | 0.0 | 0.0 | 0.6 | 0.0 | |
| Deferred revenue | 0.5 | 0.8 | 1.0 | 1.2 | |
| Total current liabilities | 0.8 | 1.0 | 1.9 | 1.6 | |
| Long-term debt | 0.7 | 0.7 | 1.0 | 1.2 | |
| Total liabilities | 1.6 | 1.9 | 3.1 | 2.9 | |
| Shareholders' equity | 1.4 | 2.0 | 2.7 | 3.7 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Net income | (0.1) | 0.0 | 0.2 | 0.1 | |
| D&A | 0.0 | 0.0 | 0.1 | 0.1 | |
| Stock-based compensation | 0.4 | 0.5 | 0.6 | 0.0 | |
| Working capital change | 0.0 | 0.0 | 0.0 | 0.1 | |
| Operating cash flow | 0.4 | 0.7 | 0.9 | 1.1 | |
| Capital expenditures | (0.1) | (0.0) | (0.0) | (0.0) | |
| Investing cash flow | (0.4) | (0.7) | (0.7) | (1.3) | |
| Buybacks | 0.0 | 0.0 | 0.0 | 0.0 | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | |
| Debt issuance / (repay) | (0.0) | 0.0 | 0.7 | (0.6) | |
| Financing cash flow | 0.0 | 0.1 | 0.8 | (0.6) | |
| Free cash flow | 0.4 | 0.6 | 0.8 | 1.0 |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| PROFITABILITY | |||||||
| ROE | -2.1% | -4.1% | 2.8% | 7.8% | 3.3% | 5% | |
| ROA | -1.0% | -1.9% | 1.4% | 3.8% | 1.7% | 2.4% | |
| ROIC | -5.1% | -12.7% | -7.8% | 13.3% | -4.9% | 0.2% | |
| Gross margin | 77.2% | 79.3% | 80.7% | 80.8% | 80.0% | 79.5% | |
| Operating margin | -1.9% | -3.5% | -1.6% | 2.0% | -1.3% | 0.4% | |
| Net margin | -2.0% | -3.0% | 2.3% | 6.8% | 3.1% | 4.5% | |
| EBITDA margin | 2.5% | 2.5% | 7.1% | 11.8% | 7.6% | 7.6% | |
| FCF margin | 24.4% | 21.1% | 28.1% | 31.1% | 29.2% | — | |
| VALUATION | |||||||
| P/E | -2969.59 | -465.01 | 881.98 | 280.68 | 461.35 | 497.0 | |
| P/B | 59.17 | 16.54 | 21.15 | 19.00 | 13.32 | 20.1 | |
| P/S | 59.88 | 13.92 | 20.13 | 19.21 | 14.50 | 22.37 | |
| P/FCF | 245.91 | 65.98 | 71.69 | 61.70 | 49.68 | 76.8 | |
| EV/EBITDA | 2380.22 | 1053.05 | 337.38 | 168.60 | 180.17 | 298.6 | |
| EV/Revenue | 59.15 | 13.30 | 19.34 | 18.34 | 13.65 | 22.6 | |
| Earnings yield | -0.0% | -0.2% | 0.1% | 0.4% | 0.2% | 0.20% | |
| FCF yield | 0.4% | 1.5% | 1.4% | 1.6% | 2.0% | 1.30% | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| LEVERAGE & SOLVENCY | |||||||
| Current ratio | 3.54 | 3.09 | 3.17 | 2.64 | 3.38 | 3.20 | |
| Quick ratio | 3.54 | 3.09 | 3.17 | 2.64 | 3.38 | 3.20 | |
| Debt / equity | 0.78 | 0.59 | 0.45 | 0.68 | 0.41 | 0.29 | |
| Debt / assets | 33.9% | 27.9% | 22.9% | 31.8% | 23.1% | 16.9% | |
| Net debt / EBITDA | -29.20 | -49.48 | -13.78 | -8.04 | -11.32 | 2.81 | |
| Interest coverage | 0.12 | -1.30 | 10.56 | 29.85 | 5.59 | — | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| EFFICIENCY | |||||||
| Asset turnover | 0.48 | 0.62 | 0.61 | 0.55 | 0.55 | 0.53 | |
| Receivables turnover | 4.76 | 5.01 | 4.68 | 4.84 | 5.11 | 4.8 | |
| DSO (days) | 77 | 73 | 78 | 75 | 71 | 76 | |
| DPO (days) | 36 | 26 | 49 | 69 | 68 | 141 | |
| Cash conversion cycle | 40 | 47 | 29 | 6 | 3 | -65 | |
| GROWTH (YoY) | |||||||
| Revenue growth | 70.5% | 62.8% | 27.1% | 26.1% | 27.7% | — | |
| Net income growth | 15.5% | -141.8% | 196.8% | 278.3% | -41.4% | — | |
| EPS growth | 25.7% | -163.5% | 187.1% | 269.9% | -42.1% | — | |
| FCF growth | 201.1% | 41.1% | 69.0% | 39.9% | 19.7% | — | |
| PER SHARE ($) | |||||||
| EPS (diluted, TTM) | -0.06 | -0.16 | 0.14 | 0.51 | 0.29 | 0.50 | |
| Book value / share | 3.01 | 4.44 | 5.74 | 7.52 | 10.21 | 12.31 | |
| Revenue / share | 2.97 | 5.28 | 6.03 | 7.44 | 9.38 | 11.18 | |
| FCF / share | 0.72 | 1.11 | 1.69 | 2.32 | 2.74 | 3.26 | |
| Cash / share | 4.49 | 5.94 | 7.32 | 11.61 | 12.24 | 14.05 | |
| SHAREHOLDER RETURN & SCORES | |||||||
| Buyback yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | |
| Altman Z-Score | 28.62 | 9.85 | 14.66 | 11.30 | 11.55 | 18.1 | |
| Piotroski F-Score | 6 | 5 | 8 | 5 | 6 | 5/9 | |
| Beneish M-Score | -1.01 | -2.76 | -2.97 | -2.88 | -2.76 | -2.69 | |
| Model | Score | Zone | Note |
|---|---|---|---|
| Piotroski F-Score | 5 / 9 | Middling | |
| Altman Z-Score | 18.1 | Safe (>2.99) | Safe |
| Income quality | 6.92 | Cash-backed | OCF ÷ net income |
| Beneish M-Score | -2.69 | Non-manipulator | vs −2.22 threshold |
| DuPont Decomposition (TTM) | Value |
|---|---|
| Tax burden | 0.89 |
| Interest burden | 0.88 |
| Operating margin | 5.7% |
| Asset turnover | 0.59× |
| Financial leverage | 1.77× |
| = ROE | 5% |
| Growth Quality (live) | Value |
|---|---|
| Revenue stability | 0.99 |
| Earnings stability | 0.68 |
| Earnings persistence | 0.83 |
| Revenue CAGR 3y | 27.9% |
| EPS CAGR 3y | — |
| FCF CAGR 3y | 39.9% |
| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | Piotroski | 1-yr ret |
|---|---|---|---|---|---|---|---|
| APP | $89.4B | 20.4 | 204% | 65.8% | +37.9% | 9/9 | -56.1% |
| CDNS | $88.0B | 63.1 | 23% | 23.2% | +14.7% | 6/9 | -1.5% |
| INTU | $86.9B | 19.7 | 24% | 8.3% | +13.9% | 7/9 | -49.0% |
| ADBE | $95.4B | 13.7 | 62% | 27.0% | +12.0% | 7/9 | -25.5% |
| SNOW | $108.3B | -96.5 | -48% | -12.4% | +32.0% | 5/9 | — |
| ADP | $114.5B | 26.3 | 72% | 17.9% | +6.7% | 6/9 | — |
| MSTR | $55.1B | -1.4 | -31% | — | +6.8% | 3/9 | — |
| UBER | $143.7B | 15.2 | 38% | 16.9% | +16.7% | 6/9 | — |
| Consensus estimates | Revenue mean | High / Low | EPS mean | High / Low | # EPS est. |
|---|---|---|---|---|---|
| FY2026 | $4.47B | $4.48B / $4.30B | $2.53 | $2.55 / $2.52 | 25 |
| FY2027 | $5.48B | $5.67B / $5.25B | $2.96 | $3.57 / $2.69 | 26 |
| FY2028 | $6.73B | $7.54B / $6.06B | $3.60 | $5.28 / $2.11 | 9 |
| Window | Avg Target | vs. Price | # Targets |
|---|---|---|---|
| Last Month | $315.00 | +27.5% | 6 |
| Last Quarter | $290.52 | +17.6% | 23 |
| Last Year | $230.46 | -6.7% | 93 |
| All Time | $190.16 | -23.0% | 182 |
| Moving Average | Value | Distance | % Distance | Signal |
|---|---|---|---|---|
| SMA 20 | $269.01 | -21.90 | -8.14% | Below |
| SMA 50 | $247.10 | +0.01 | +0.00% | Above |
| SMA 200 | $191.61 | +55.50 | +28.97% | Above |
| EMA 9 | $269.24 | -22.13 | -8.22% | Below |
| EMA 21 | $264.89 | -17.78 | -6.71% | Below |
| EMA 50 | $253.76 | -6.65 | -2.62% | Below |
| EMA 200 | $209.66 | +37.45 | +17.86% | Above |
| Level | Value | Level | Value |
|---|---|---|---|
| Pivot / R1 / R2 | $263.13 / $270.03 / $273.82 | S1 / S2 | $259.34 / $252.44 |
| Bollinger (20,2) | $242.85 – $295.17 | Squeeze | Off |
| 52-wk range | $98.01 – $300.68 | Off 52-wk high | -17.8% |
| ATR (14) | $13.21 (5.3%) | Historical vol | 53.2% |
| Computed from live weekly prices | DDOG | S&P 500 |
|---|---|---|
| Weekly volatility (σ, 1y) | 10.87% | 1.83% |
| Best / worst week (1y) | +42.4% / -17.7% | — |
| Max drawdown (5y, monthly) | -65.2% | — |
| 1-week VaR (95%) | -15.6% | — |
| Beta (5y) | 1.49 | 1.00 |
| Reading | DDOG | Software - Application n=1,755 | Technology n=6,969 | All US symbols n=70,435 |
|---|---|---|---|---|
| Overall | -13.3 | -15.4 | -20.7 | -20.5 |
| Trend | +3.6 | -18.0 | -20.8 | -21.3 |
| Momentum | -54.5 | -17.4 | -28.5 | -15.8 |
| Volume | +49.6 | +0.0 | +0.0 | -3.8 |
| Executive | Total comp | Structure |
|---|---|---|
| Olivier Pomel Chief Executive Officer and Co | $27.1M | 98% equity+incentive |
| Alexis Lê-Quôc President, Chief Technology O | $20.4M | 98% equity+incentive |
| David Obstler Chief Financial Officer | $14.6M | 97% equity+incentive |
| Adam Blitzer Chief Operating Officer | $14.4M | 97% equity+incentive |
| Sean Walters Chief Revenue Officer | $13.1M | 96% equity+incentive |
| Pillar (live disclosure scores) | Score |
|---|---|
| Environmental | 58 |
| Social | 60 |
| Governance | 59 |
| Composite ESG | 59 |
| Filed | 8-K contents | Items |
|---|---|---|
| 2026-08-06 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-06-16 | Shareholder Vote | 5.07 |
| 2026-05-07 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-04-22 | Bylaws Amendment; Shareholder Vote; Other Events; Exhibits | 5.03,5.07,8.01,9.01 |
| 2026-03-02 | Departure/Election of Directors; Appointment of Officers | 5.02 |
| 2026-02-10 | Results of Operations and Financial Condition | 2.02 |
| 2025-11-06 | Results of Operations and Financial Condition; Financial Statements an | 2.02,9.01 |
| 2025-09-11 | Departure/Election of Directors; Appointment of Officers | 5.02 |
Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.
| Data domain | Source | Coverage for this report |
|---|---|---|
| Price & volume | market_db.historical_prices | 52 rows |
| Fundamentals | income_statements_annual | 6 rows · 2020 to 2025 |
| Reported vs consensus | fact/earnings_calendar | 24 rows · 2020-11-10 to 2026-08-06 |
| Analyst estimates | dim/forward_estimates | 3 rows · 2026-12-31 to 2028-12-31 |
| Institutional ownership (13F) | holdings_db.institutional_ownership_summary | 30 rows · 2019 to 2026 |
| Insider transactions (Form 4) | edgar/form4 | 12 rows · 2026-10-07 |
| Proposed sales (Form 144) | edgar/form144 | 1 record |
| Beneficial ownership (13D/G) | edgar/13dg | 4 rows · 2025-10-30 to 2026-04-29 |
| Short-sale volume (FINRA) | edgar/short_volume_daily | 60 rows · 2026-07-23 to 2026-10-15 |
| Dark pool (ATS, tier 1) | edgar/darkpool_weekly | 12 rows · 2026-06-15 to 2026-08-31 |
| ETF & fund holding | etf_holdings_changelog (30d) | 1 record |
| Peer set | stock_peers_dynamic | 8 rows |
| Industry medians | industry_medians | 1 record |
| Congressional trades | congress_db (House + Senate) | 1 record |
| ESG | fact/esg_disclosures | 1 record |
Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.
Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.