| Profitability | 46/100 |
| Growth | 57/100 |
| Momentum | 84/100 |
| Quality | 70/100 |
| Earnings Quality | 58/100 |
| Balance Sheet | 68/100 |
| Value | 22/100 |
| Risk (safety) | 100/100 |
| Overall | 65.6/100 |
| Symbol | IS Score |
|---|---|
| UBER | 62 |
| ADP | 54 |
| CRM | 72 |
| SNOW | 58 |
| SHOP | 68 |
| ADBE | 79 |
| NOW | 66 |
Both readings sit above the midpoint — business quality at 66 and price structure at 82 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.
| Trigger | Where it stands now | What it would mean |
|---|---|---|
| IS Score reaches 75 and holds two consecutive quarters | now 65.6 | would move us up one band |
| IS Score stops falling - one quarter higher than the prior | last four: 77 → 76 → 75 → 66 | the direction matters more than the level |
| Technical vote share back above 50% | now 100% | price structure no longer broken |
| Institutional holder count rises two quarters running | peak 2,307 → now 2,233 | 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 | 2,233 | 849.6M | $81.6B | 82.2% |
| 2026 Q1 | 2,197 | 862.3M | $85.8B | 83.5% |
| 2025 Q4 | 2,307 | 900.5M | $130.7B | 87.2% |
| 2025 Q3 | 2,222 | 896.5M | $156.0B | 86.8% |
| 2025 Q2 | 2,276 | 910.9M | $177.5B | 88.2% |
| 2025 Q1 | 2,145 | 914.3M | $138.5B | 88.5% |
| 2024 Q4 | 2,237 | 917.7M | $184.3B | 88.8% |
| 2024 Q3 | 1,920 | 914.5M | $154.6B | 88.5% |
| 2024 Q2 | 1,855 | 902.2M | $134.9B | 87.3% |
| 2024 Q1 | 1,801 | 899.0M | $128.4B | 87.0% |
| 2023 Q4 | 1,737 | 901.3M | $120.6B | 87.2% |
| 2023 Q3 | 1,546 | 896.8M | $95.2B | 86.8% |
| Insider | Role | Date | Type | Shares | Value | Post-Txn Owned |
|---|---|---|---|---|---|---|
| Fipps Paul | President, Global Customer Ops | 2026-08-31 | SELL | 2,034 | $0.30M | 18,305 |
| Canney Jacqueline P | Chief People & AI Enblmt. Off. | 2026-08-28 | SELL | 7,847 | $1.08M | 30,042 |
| Chamberlain Paul Edward | director | 2026-08-27 | SELL | 2,700 | $0.37M | 43,990 |
| Mcdermott William R | director, Chairman & CEO | 2026-08-17 | EXERCISE | 4,160 | — | 186,435 |
| Mcdermott William R | director, Chairman & CEO | 2026-08-17 | TAX W/H | 2,236 | $0.26M | 184,199 |
| Mcdermott William R | director, Chairman & CEO | 2026-08-17 | EXERCISE | 4,160 | — | 8,320 |
| Canney Jacqueline P | Chief People & AI Enblmt. Off. | 2026-08-17 | EXERCISE | 970 | — | 38,385 |
| Canney Jacqueline P | Chief People & AI Enblmt. Off. | 2026-08-17 | TAX W/H | 496 | $0.06M | 37,889 |
| 6-mo decomposition (Form 4) | Txns | Shares | Value | Signal weight |
|---|---|---|---|---|
| S — Open-market sales | 10 | 43,747 | $4.6M | Counted |
| P — Open-market purchases | 2 | 28,682 | $3.0M | Counted |
| M — Exercises (paired A/D) | 58 | 177,129 | — | None — mechanics |
| F — Tax withholding | 58 | 89,649 | $9.8M | None — compensation |
| Filed | Filer | Shares registered | Est. proceeds |
|---|---|---|---|
| 2026-08-28 | Canney Jacqueline P | 7,847 | $1.1M |
| 2026-08-27 | Paul Edward Chamberlain | 2,700 | $0.4M |
| 2026-05-28 | Briggs Teresa | 1,595 | $0.2M |
| 2026-05-18 | Fipps Paul | 1,048 | $0.1M |
| Trailing 12 mo | 28 filings | 84,702 | $17M |
| Filed | Form | Reporting person | % of class | Shares |
|---|---|---|---|---|
| 2026-04-30 | SCHEDULE 13G | Vanguard Capital Management | 7.49% | 78.4M sh |
| 2025-02-05 | SCHEDULE 13G/A | BlackRock, Inc. | 8.90% | 18.3M sh |
| Member | Chamber | Trade | Size band | Traded | Disclosed |
|---|---|---|---|---|---|
| Tony Wied | House | SELL | $50,001 - $100,000 | 2026-09-17 | 2026-10-07 |
| Tony Wied | House | BUY | $15,001 - $50,000 | 2026-08-14 | 2026-09-07 |
| Ro Khanna | House | SELL | $1,001 - $15,000 | 2026-08-10 | 2026-09-07 |
| Alan Armstrong | Senate | SELL | $15,001 - $50,000 | 2026-03-27 | 2026-07-21 |
| Markwayne Mullin | Senate | BUY | $15,001 - $50,000 | 2025-12-29 | 2026-01-16 |
| Markwayne Mullin | Senate | BUY | $15,001 - $50,000 | 2025-12-29 | 2026-01-15 |
| Manager | Shares | Value |
|---|---|---|
| Sustainable Growth Advisers, Lp | 1.3M | $176M |
| Assenagon Asset Management S.A. | 1.1M | $142M |
| Davenport & Co Llc | 1.0M | $136M |
| Wealth Enhancement Advisory Servic | 433,031 | $58M |
| Fjarde Ap-Fonden /Fourth Swedish N | 359,998 | $48M |
| Asr Vermogensbeheer N.V. | 359,137 | $48M |
| Fund | Weight | Position |
|---|---|---|
| VITSX | 0.2% | $4.4B |
| VSMPX | 0.2% | $4.4B |
| VTSAX | 0.2% | $4.4B |
| VTI | 0.2% | $4.4B |
| VFFSX | 0.2% | $3.6B |
| VFIAX | 0.2% | $3.6B |
| ATS Venue (4-wk) | Shares | Avg trade |
|---|---|---|
| Incr Intelligent Cross Llc | 20.8M | 54 sh |
| Ubsa Ubs Ats | 20.8M | 57 sh |
| Ebxl Level Ats | 12.1M | 51 sh |
| Sgmt Sigma X2 | 11.4M | 54 sh |
| Mstx Ms Trajectory Cross (Ats-1) | 8.1M | 82 sh |
| Bids Bids Ats | 7.8M | 243 sh |
| Region | Revenue | Share |
|---|---|---|
| North America | $8.3B | 63% |
| EMEA | $3.4B | 26% |
| Asia Pacific And Other | $1.5B | 12% |
Moat score 54/100 — Weak; primary source Efficient Scale.
| Officer | Title |
|---|---|
| William R. McDermott | Chairman & Chief Executive Officer |
| Amit K. Zavery | President, Chief Product Officer & Chief Operating Officer |
| Paul Fipps | President of Global Customer Operations |
| Gina Mastantuono | President & Chief Financial Officer |
| Period | EPS est. | EPS actual | EPS surprise | Rev est. ($M) | Rev actual ($M) | Rev surprise |
|---|
| YoY growth | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | +30.5% | +22.9% | +23.8% | +22.4% | +20.9% |
| Gross profit | +28.6% | +24.9% | +24.3% | +23.4% | +18.4% |
| Operating income | +29.2% | +38.1% | +114.6% | +79.0% | +33.7% |
| Net income | +93.3% | +41.3% | +432.6% | -17.7% | +22.7% |
| $B · FY ends | FY21 | FY22 | FY23 | FY24 | FY25 | Trend |
|---|---|---|---|---|---|---|
| Revenue | 5.9 | 7.2 | 9.0 | 11.0 | 13.3 | |
| Cost of revenue | 1.4 | 1.6 | 1.9 | 2.3 | 3.0 | |
| Gross profit | 4.5 | 5.7 | 7.1 | 8.7 | 10.3 | |
| R&D expense | 1.4 | 1.8 | 2.1 | 2.5 | 3.0 | |
| SG&A expense | 2.9 | 3.5 | 4.2 | 4.8 | 5.5 | |
| Operating income | 0.3 | 0.4 | 0.8 | 1.4 | 1.8 | |
| EBITDA | 0.7 | 0.8 | 1.6 | 2.2 | 3.0 | |
| D&A | 0.5 | 0.3 | 0.6 | 0.5 | 0.7 | |
| Pretax income | 0.2 | 0.4 | 1.0 | 1.7 | 2.3 | |
| Income tax | 0.0 | 0.1 | -0.7 | 0.3 | 0.5 | |
| Net income | 0.2 | 0.3 | 1.7 | 1.4 | 1.7 | |
| Diluted EPS ($) | 0.23 | 0.32 | 1.68 | 1.37 | 1.67 | |
| Diluted shares (M) | 1,016 | 1,018 | 1,028 | 1,042 | 1,047 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | 1.5 | 1.9 | 2.3 | 3.7 | |
| ST investments | 2.8 | 3.0 | 3.5 | 2.6 | |
| Receivables (net) | 1.7 | 2.0 | 2.2 | 2.6 | |
| Total current assets | 6.7 | 7.8 | 9.2 | 9.9 | |
| PP&E (net) | 1.7 | 2.1 | 2.5 | 3.1 | |
| Goodwill + intangibles | 1.1 | 1.5 | 1.5 | 4.7 | |
| Total assets | 13.3 | 17.4 | 20.4 | 26.0 | |
| Accounts payable | 0.3 | 0.1 | 0.1 | 0.2 | |
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.1 | |
| Deferred revenue | 4.7 | 5.8 | 6.8 | 8.3 | |
| Total current liabilities | 6.0 | 7.4 | 8.4 | 10.4 | |
| Long-term debt | 1.5 | 1.5 | 1.5 | 2.3 | |
| Total liabilities | 8.3 | 9.8 | 10.8 | 13.1 | |
| Shareholders' equity | 5.0 | 7.6 | 9.6 | 13.0 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Net income | 0.3 | 1.7 | 1.4 | 1.7 | |
| D&A | 0.4 | 0.6 | 0.6 | 0.7 | |
| Stock-based compensation | 1.4 | 1.6 | 1.7 | 2.0 | |
| Working capital change | 0.2 | (0.1) | (0.1) | 0.0 | |
| Operating cash flow | 2.7 | 3.4 | 4.3 | 5.4 | |
| Capital expenditures | (0.6) | (0.7) | (0.9) | (0.9) | |
| Investing cash flow | (2.6) | (2.2) | (2.5) | (1.7) | |
| Buybacks | 0.0 | (0.5) | (0.7) | (1.8) | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | |
| Debt issuance / (repay) | (0.1) | 0.0 | 0.0 | 0.0 | |
| Financing cash flow | (0.3) | (0.8) | (1.3) | (2.3) | |
| Free cash flow | 2.2 | 2.7 | 3.4 | 4.6 |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| PROFITABILITY | |||||||
| ROE | 7.0% | 7.4% | 27.3% | 16.5% | 15.5% | 14% | |
| ROA | 2.4% | 2.7% | 11.3% | 7.5% | 7.5% | 5.3% | |
| ROIC | 9.1% | 9.7% | 26.0% | 18.3% | 14.3% | 5.5% | |
| Gross margin | 77.1% | 78.3% | 78.6% | 79.2% | 77.5% | 74.8% | |
| Operating margin | 4.4% | 4.9% | 8.5% | 12.4% | 13.7% | 11.4% | |
| Net margin | 3.9% | 4.5% | 19.3% | 13.0% | 13.2% | 11.3% | |
| EBITDA margin | 12.4% | 10.6% | 17.8% | 20.3% | 22.6% | 23.7% | |
| FCF margin | 30.4% | 30.0% | 30.1% | 30.8% | 34.5% | — | |
| VALUATION | |||||||
| P/E | 575.72 | 242.51 | 84.49 | 155.48 | 91.76 | 88.2 | |
| P/B | 35.84 | 15.66 | 19.17 | 23.06 | 12.37 | 11.7 | |
| P/S | 22.46 | 10.88 | 16.30 | 20.17 | 12.08 | 9.96 | |
| P/FCF | 73.89 | 36.27 | 54.08 | 65.45 | 35.05 | 32.0 | |
| EV/EBITDA | 192.00 | 99.83 | 94.88 | 94.82 | 52.14 | 43.8 | |
| EV/Revenue | 22.28 | 10.60 | 16.01 | 19.85 | 11.85 | 10.4 | |
| Earnings yield | 0.2% | 0.4% | 1.2% | 0.6% | 1.1% | 1.14% | |
| FCF yield | 1.4% | 2.8% | 1.8% | 1.5% | 2.9% | 3.12% | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| LEVERAGE & SOLVENCY | |||||||
| Current ratio | 1.05 | 1.11 | 1.06 | 1.10 | 0.95 | 0.70 | |
| Quick ratio | 1.05 | 1.11 | 1.06 | 1.10 | 0.95 | 0.70 | |
| Debt / equity | 0.60 | 0.44 | 0.30 | 0.24 | 0.25 | 0.68 | |
| Debt / assets | 20.5% | 16.8% | 13.1% | 11.2% | 12.3% | 26.7% | |
| Net debt / EBITDA | -1.59 | -2.66 | -1.71 | -1.51 | -1.02 | 1.71 | |
| Interest coverage | 9.89 | 15.78 | 43.00 | 76.57 | 99.09 | — | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| EFFICIENCY | |||||||
| Asset turnover | 0.60 | 0.60 | 0.58 | 0.58 | 0.57 | 0.47 | |
| Receivables turnover | 4.91 | 4.65 | 4.77 | 5.14 | 5.46 | 6.7 | |
| DSO (days) | 74 | 78 | 77 | 71 | 67 | 55 | |
| DPO (days) | 17 | 42 | 38 | 15 | 17 | 16 | |
| Cash conversion cycle | 58 | 36 | 39 | 56 | 50 | 39 | |
| GROWTH (YoY) | |||||||
| Revenue growth | 30.4% | 22.9% | 23.8% | 22.4% | 20.9% | — | |
| Net income growth | 93.9% | 41.3% | 432.6% | -17.7% | 22.7% | — | |
| EPS growth | 92.4% | 42.0% | 422.3% | -18.5% | 22.4% | — | |
| FCF growth | 32.3% | 21.3% | 24.4% | 25.2% | 35.2% | — | |
| PER SHARE ($) | |||||||
| EPS (diluted, TTM) | 0.23 | 0.32 | 1.67 | 1.36 | 1.67 | 1.62 | |
| Book value / share | 3.62 | 4.96 | 7.37 | 9.20 | 12.38 | 12.12 | |
| Revenue / share | 5.78 | 7.14 | 8.67 | 10.51 | 12.68 | 14.26 | |
| FCF / share | 1.76 | 2.14 | 2.61 | 3.24 | 4.37 | 4.43 | |
| Cash / share | 3.24 | 4.22 | 4.71 | 5.51 | 6.00 | 4.52 | |
| SHAREHOLDER RETURN & SCORES | |||||||
| Buyback yield | 0.0% | 0.0% | 0.4% | 0.3% | 1.1% | 3.31% | |
| Altman Z-Score | 11.85 | 6.46 | 9.90 | 13.45 | 8.42 | 5.4 | |
| Piotroski F-Score | 6 | 9 | 7 | 6 | 5 | 5/9 | |
| Beneish M-Score | -2.89 | -3.08 | -2.60 | -2.98 | -2.83 | -2.48 | |
| Model | Score | Zone | Note |
|---|---|---|---|
| Piotroski F-Score | 5 / 9 | Middling | |
| Altman Z-Score | 5.4 | Safe (>2.99) | Safe |
| Income quality | 3.18 | Cash-backed | OCF ÷ net income |
| Beneish M-Score | -2.48 | Non-manipulator | vs −2.22 threshold |
| DuPont Decomposition (TTM) | Value |
|---|---|
| Tax burden | 0.71 |
| Interest burden | 0.97 |
| Operating margin | 16.4% |
| Asset turnover | 0.55× |
| Financial leverage | 2.29× |
| = ROE | 14% |
| Growth Quality (live) | Value |
|---|---|
| Revenue stability | 0.98 |
| Earnings stability | 0.80 |
| Earnings persistence | 1.00 |
| Revenue CAGR 3y | 22.5% |
| EPS CAGR 3y | 5.1% |
| FCF CAGR 3y | 25.7% |
| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | Piotroski | 1-yr ret |
|---|---|---|---|---|---|---|---|
| UBER | $143.7B | 15.2 | 38% | 16.9% | +16.7% | 6/9 | -24.0% |
| ADP | $114.5B | 26.3 | 72% | 17.9% | +6.7% | 6/9 | +3.8% |
| CRM | $198.1B | 21.9 | 19% | 31.1% | +11.2% | 6/9 | -2.0% |
| SNOW | $108.3B | -96.5 | -48% | -12.4% | +32.0% | 5/9 | +27.8% |
| SHOP | $220.0B | 113.8 | 16% | 41.9% | +32.5% | 7/9 | — |
| ADBE | $95.4B | 13.7 | 62% | 27.0% | +12.0% | 7/9 | — |
| APP | $89.4B | 20.4 | 204% | 65.8% | +37.9% | 9/9 | — |
| DDOG | $88.7B | 497.0 | 5% | 4.0% | +31.5% | 6/9 | — |
| Consensus estimates | Revenue mean | High / Low | EPS mean | High / Low | # EPS est. |
|---|---|---|---|---|---|
| FY2026 | $16.21B | $16.26B / $15.81B | $4.07 | $4.20 / $3.85 | 31 |
| FY2027 | $19.25B | $19.45B / $18.69B | $5.02 | $5.24 / $4.38 | 26 |
| FY2028 | $22.81B | $25.05B / $21.97B | $6.08 | $8.79 / $3.64 | 13 |
| Window | Avg Target | vs. Price | # Targets |
|---|---|---|---|
| Last Month | $171.25 | +20.6% | 8 |
| Last Quarter | $165.95 | +16.9% | 19 |
| Last Year | $175.40 | +23.5% | 90 |
| All Time | $160.97 | +13.4% | 211 |
| Moving Average | Value | Distance | % Distance | Signal |
|---|---|---|---|---|
| SMA 20 | $137.92 | +4.05 | +2.94% | Above |
| SMA 50 | $134.85 | +7.12 | +5.28% | Above |
| SMA 200 | $115.03 | +26.94 | +23.42% | Above |
| EMA 9 | $140.91 | +1.06 | +0.75% | Above |
| EMA 21 | $138.60 | +3.37 | +2.43% | Above |
| EMA 50 | $132.86 | +9.11 | +6.86% | Above |
| EMA 200 | $127.50 | +14.47 | +11.35% | Above |
| Level | Value | Level | Value |
|---|---|---|---|
| Pivot / R1 / R2 | $145.83 / $152.08 / $155.59 | S1 / S2 | $142.32 / $136.07 |
| Bollinger (20,2) | $130.13 – $145.71 | Squeeze | ON |
| 52-wk range | $81.24 – $192.97 | Off 52-wk high | -26.4% |
| ATR (14) | $6.59 (4.6%) | Historical vol | 39.3% |
| Computed from live weekly prices | NOW | S&P 500 |
|---|---|---|
| Weekly volatility (σ, 1y) | 9.01% | 1.83% |
| Best / worst week (1y) | +33.0% / -18.6% | — |
| Max drawdown (5y, monthly) | -59.8% | — |
| 1-week VaR (95%) | -15.0% | — |
| Beta (5y) | 0.97 | 1.00 |
| Reading | NOW | Software - Application n=1,755 | Technology n=6,969 | All US symbols n=70,435 |
|---|---|---|---|---|
| Overall | +22.3 | -15.4 | -20.7 | -20.5 |
| Trend | +41.0 | -18.0 | -20.8 | -21.3 |
| Momentum | +33.5 | -17.4 | -28.5 | -15.8 |
| Volume | +39.1 | +0.0 | +0.0 | -3.8 |
| Executive | Total comp | Structure |
|---|---|---|
| William R. McDermott, Chairman and Chief Exe | $51.6M | 91% equity+incentive |
| Amit Zavery, President, Chief Product Office | $25.8M | 89% equity+incentive |
| Paul Smith, Former President of Global Custo | $20.1M | 95% equity+incentive |
| Gina Mastantuono, President and Chief Financ | $18.5M | 94% equity+incentive |
| Paul Fipps, President, Global Customer Opera | $16.9M | 94% equity+incentive |
| Pillar (live disclosure scores) | Score |
|---|---|
| Environmental | 51 |
| Social | 53 |
| Governance | 65 |
| Composite ESG | 56 |
| Filed | 8-K contents | Items |
|---|---|---|
| 2026-07-22 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-05-22 | Officer/Director Change; Shareholder Vote; Exhibits | 5.02,5.07,9.01 |
| 2026-05-15 | Material Agreement; Financial Obligation; Other Events; Exhibits | 1.01,2.03,8.01,9.01 |
| 2026-04-22 | Material Agreement; Earnings Release; Financial Obligation; Exhibits | 1.01,2.02,2.03,9.01 |
| 2026-04-01 | Material Agreement; Financial Obligation; Exhibits | 1.01,2.03,9.01 |
| 2026-02-17 | Regulation FD Disclosure | 7.01 |
| 2026-02-11 | Departure/Election of Directors; Appointment of Officers | 5.02 |
| 2026-01-28 | Results of Operations and Financial Condition; Other Events; Financial | 2.02,8.01,9.01 |
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 · 2020-10-28 to 2026-07-22 |
| Analyst estimates | dim/forward_estimates | 3 rows · 2026-12-31 to 2028-12-31 |
| Institutional ownership (13F) | holdings_db.institutional_ownership_summary | 58 rows · 2011 to 2026 |
| Insider transactions (Form 4) | edgar/form4 | 12 rows · 2026-08-17 to 2026-08-31 |
| Proposed sales (Form 144) | edgar/form144 | 1 record |
| Beneficial ownership (13D/G) | edgar/13dg | 2 rows · 2025-02-05 to 2026-04-30 |
| 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.