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Arcutis Biotherapeutics, Inc. (ARQT)

USD26.73 -0.39 (-1.44%)
US NASDAQ Healthcare Biotechnology
Address 3027 Townsgate Road 91361
Westlake Village, CA, US
CEO Todd Franklin Watanabe
IPO 2020-01-31
CIK 1787306 ISIN US03969K1088

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Description

Arcutis Biotherapeutics, Inc. is a biopharmaceutical firm dedicated to developing and marketing therapies for a range of skin-related diseases. The company's flagship investigational compound, ARQ-151, a roflumilast cream administered topically, has successfully concluded late-stage clinical development for treating both plaque psoriasis and atopic dermatitis. Beyond its lead asset, Arcutis's pipeline includes several other promising compounds. Among these is ARQ-154, a roflumilast foam applied topically, aimed at seborrheic dermatitis and scalp psoriasis. Furthermore, ARQ-252, a topical selective Janus kinase type 1 (JAK1) inhibitor, is under investigation for hand eczema and vitiligo. ARQ-255, a variation of ARQ-252 designed for deeper dermal absorption, is being explored for alopecia areata. Established in 2016, the company was initially named Arcutis, Inc. before changing to Arcutis Biotherapeutics, Inc. in October 2019. Its corporate headquarters are situated in Westlake Village, California.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD26.73 -0.39 (-1.44%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.52
Float Shares
110.27M
Free Float %
88.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.59% -0.10% -14.22% -19.99% -9.49% -28.75% +49.71% +100.87% -19.02% -5.09% -5.09%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (12 ratings, all time) Buy
Price Targets & DCF
Current price
26.73
Low 34.00 +27.2%
Consensus 35.50 +32.8%
Median 35.50 +32.8%
High 37.00 +38.4%
Ratings Trend (MoM) 88% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 5 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter 1
34.00
+27.2%
Last Year 5
32.40
+21.2%
All Time 12
27.67
+3.5%
Quality scores
Altman Z-Score
4.07
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    +91.3% Q1'26: +60.1% (vs Q1'25)
  • EPS growth Biotechnology: +29.7%
    +88.8% Q1'26: +56.4% (vs Q1'25)
  • FCF margin FCF growth · Biotechnology: +16.2%
    -12.3% Q1'26: +2.1% (vs Q1'25)
  • EBIT margin Biotechnology: +0.0%
    -0.8% Q1'26: -8.6% (vs Q1'25)
  • ROIC Biotechnology: -16.1%
    Q1'26: +171.9% (vs Q1'25)
  • Share dilution Biotechnology: -3.4%
    +5.2% Q1'26: +2.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    2.53× Q1'26: -0.39× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.59) × ERP
WACC = 100% × Ke + 0% × Kd (192.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 26.73
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
4 EPS Ana.
Dec 2027
6 Rev. Ana.
5 EPS Ana.
Dec 2028
8 Rev. Ana.
6 EPS Ana.
Dec 2029
7 Rev. Ana.
4 EPS Ana.
Dec 2030
7 Rev. Ana.
2 EPS Ana.
Revenue
3.69M
est: 2.97M (+24.0%)
59.61M
est: 132.06M (-54.9%)
196.54M
est: 185.46M (+6.0%)
376.07M
est: 360.26M (+4.4%)
496.90M
493.77M – 498.79M
+37.9% YoY
645.18M
625.66M – 664.71M
+29.8% YoY
782.65M
782.28M – 783.01M
+21.3% YoY
919.71M
896.68M – 952.66M
+17.5% YoY
1.06B
1.03B – 1.09B
+14.8% YoY
EBITDA
-294.55M
est: -331.6K (-88,721.9%)
-227.43M
est: -40.97M (-455.1%)
-109.63M
est: -57.54M (-90.5%)
2.48M
est: -111.77M (+102.2%)
-154.16M
-154.74M – -153.18M
-37.9% YoY
-200.16M
-206.22M – -194.10M
-29.8% YoY
-242.80M
-242.92M – -242.69M
-21.3% YoY
-285.33M
-295.55M – -278.18M
-17.5% YoY
-327.63M
-339.37M – -319.43M
-14.8% YoY
EBIT
-295.81M
est: -339.5K (-87,034.0%)
-229.32M
est: -41.70M (-450.0%)
-112.22M
est: -58.56M (-91.6%)
-2.89M
est: -113.75M (+97.5%)
-156.89M
-157.49M – -155.90M
-37.9% YoY
-203.71M
-209.87M – -197.54M
-29.8% YoY
-247.11M
-247.22M – -246.99M
-21.3% YoY
-290.38M
-300.79M – -283.11M
-17.5% YoY
-333.44M
-345.38M – -325.09M
-14.8% YoY
Net Income
-311.46M
est: -717.55M (+56.6%)
-262.14M
est: -261.77M (-0.1%)
-140.04M
est: -165.10M (+15.2%)
-16.14M
est: -23.00M (+29.8%)
15.18M
-8.43M – 48.89M
+166.0% YoY
134.25M
113.08M – 178.92M
+784.6% YoY
246.43M
143.54M – 351.73M
+83.6% YoY
315.75M
305.47M – 330.46M
+28.1% YoY
369.40M
357.38M – 386.61M
+17.0% YoY
SGA
122.12M
est: 23.43M (+421.3%)
185.15M
est: 1.03B (-82.1%)
229.39M
est: 1.45B (-84.2%)
274.55M
est: 2.82B (-90.3%)
3.89B
3.86B – 3.90B
+37.9% YoY
5.05B
4.90B – 5.20B
+29.8% YoY
6.13B
6.12B – 6.13B
+21.3% YoY
7.20B
7.02B – 7.46B
+17.5% YoY
8.27B
8.06B – 8.56B
+14.8% YoY
EPS
-5.66
est: -5.93 (+4.6%)
-3.78
est: -2.04 (-85.0%)
-1.16
est: -1.32 (+12.3%)
-0.13
est: -0.18 (+29.6%)
0.20
-0.07 – 0.38
+207.6% YoY
1.07
0.89 – 1.41
+437.7% YoY
1.84
1.13 – 2.76
+72.3% YoY
2.48
2.40 – 2.60
+34.8% YoY
2.90
2.81 – 3.04
+17.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-11 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-08 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-07 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-06 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-05 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-04 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-05-01 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-04-30 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-04-29 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-04-28 C- 1/5 1/5 1/5 1/5 3/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-15 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
35.90M
OE per share TTM
0.27
Owner's Yield
1.15%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
4.4%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
54
Total invested
138.51M
Insider transactions (90d)
5
Beneficial owners (>5%)
25
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Aaron Cowen 9.59M 9.99% 9.59M 9.59M HC, IN Delaware 2023-10-30
2 Suvretta Capital Management, LLC 9.59M 9.99% 9.59M 9.59M IA, OO Delaware 2023-10-30
3 Patrick J. Heron 8.75M 14.60% 61.1K 8.68M 61.1K 8.68M IN 2022-08-09
4 Averill Master Fund, Ltd. 8.72M 9.10% 8.72M 8.72M CO Delaware 2023-10-30
5 James N. Topper 8.71M 14.50% 30.6K 8.68M 30.6K 8.68M IN 2022-08-09
6 FHM Life Sciences VIII, L.L.C. 8.68M 14.50% 8.68M 8.68M OO 2022-08-09
7 FHM Life Sciences VIII, L.P. 8.68M 14.50% 8.68M 8.68M PN 2022-08-09
8 Frazier Life Sciences VIII, L.P. 8.68M 14.50% 8.68M 8.68M PN 2022-08-09
9 Polar Capital Holdings Plc 7.12M 7.56% 7.12M 7.12M HC United Kingdom 2023-11-16
10 Polar Capital LLP 7.12M 7.56% 7.12M 7.12M IA United Kingdom 2023-11-16
11 David Rosen 6.64M 7.04% 6.64M IN United States of America 2024-02-12
12 Rubric Capital Management LP 6.64M 7.04% 6.64M IA, PN 2024-02-12
13 Polar Capital Funds PLC - Biotechnology Fund 6.28M 6.67% 6.28M 6.28M OO United Kingdom 2023-11-16
14 Morgan Stanley 6.09M 6.50% 13.00 5.36M 13.00 HC, CO 2024-02-12
15 (1) BlackRock, Inc. 5.92M 6.30% 5.88M 5.92M HC Delaware 2024-01-29
16 The Vanguard Group - 23-1945930 4.90M 5.19% 129.1K 4.73M 164.6K IA Pennsylvania 2024-02-13
17 STATE STREET CORPORATION 3.68M 6.04% 3.61M 3.68M HC 2023-02-08
18 OrbiMed Advisors LLC 2.83M 4.70% 2.83M 10.00 IA 2022-08-26
19 OrbiMed Capital GP VII LLC 2.83M 4.70% 2.83M 10.00 OO 2022-08-26
20 Bain Capital Life Sciences Fund, L.P. 2.72M 5.30% 2.72M 2.72M PN 2022-05-27
21 Point72 Asset Management, L.P. 2.64M 4.00% 2.64M 2.64M PN 2022-02-14
22 Point72 Capital Advisors, Inc. 2.64M 4.00% 2.64M 2.64M CO 2022-02-14
23 BCIP Life Sciences Associates, LP 278.6K 0.50% 278.6K 278.6K PN 2022-05-27
24 OrbiMed Capital LLC 48.1K 0.10% 48.1K 48.1K 10.00 IA 2022-08-26
25 2 31.6K 12.00% 31.6K OO Delaware 2024-01-31

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
54
-235 vs prev Q
New positions
9
Closed positions
235
Increased
29
Reduced
15
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 SUVRETTA CAPITAL MANAGEMENT, LLC 11.96M +1.5M (+14.2%) 347.43M +149.9M (+75.9%) 9.37% +1.124 pp 7.12% +2.062 pp USD8.95 +224.5% 12 qtrs
2 FRAZIER LIFE SCIENCES MANAGEMENT, L.P. 9.87M +— (+0.0%) 286.76M +100.6M (+54.1%) 7.74% -0.038 pp 7.70% +2.125 pp USD18.53 +56.7% 16 qtrs
3 BLACKROCK, INC. 9.10M +525.6K (+6.1%) 264.25M +102.6M (+63.5%) 7.13% +0.379 pp 0.00% +0.002 pp USD10.54 +175.5% 6 qtrs
4 RUBRIC CAPITAL MANAGEMENT LP 8.27M -2.5M (-23.1%) 240.21M +37.6M (+18.5%) 6.48% -1.983 pp 2.87% +0.586 pp USD10.19 +185.0% 15 qtrs
5 VANGUARD GROUP INC 7.25M +107.8K (+1.5%) 210.65M +76.0M (+56.4%) 5.68% +0.057 pp 0.00% +0.001 pp USD13.60 +113.5% 24 qtrs
6 JENNISON ASSOCIATES LLC 6.76M -5.5M (-44.9%) 196.25M -34.7M (-15.0%) 5.30% -4.354 pp 0.12% -0.017 pp USD9.65 +200.9% 15 qtrs
7 POLAR CAPITAL HOLDINGS PLC 5.56M +257.4K (+4.9%) 161.35M +61.5M (+61.5%) 4.35% +0.181 pp 0.62% +0.143 pp USD12.25 +137.1% 21 qtrs
8 STATE STREET CORP 5.49M +847.0K (+18.2%) 159.38M +71.9M (+82.2%) 4.30% +0.646 pp 0.01% +0.002 pp USD13.85 +109.7% 24 qtrs
9 GILDER GAGNON HOWE & CO LLC 4.45M +24.7K (+0.6%) 129.34M +45.9M (+54.9%) 3.49% +0.002 pp 1.37% +0.515 pp USD11.00 +164.0% 8 qtrs
10 MORGAN STANLEY 4.34M +63.8K (+1.5%) 126.04M +45.4M (+56.4%) 3.40% +0.034 pp 0.01% +0.003 pp USD6.12 +374.5% 24 qtrs
11 UBS GROUP AG 3.24M +295.0K (+10.0%) 94.19M +38.6M (+69.5%) 2.54% +0.220 pp 0.02% +0.007 pp USD15.10 +92.3% 24 qtrs
12 GEODE CAPITAL MANAGEMENT, LLC 2.75M +146.8K (+5.6%) 79.97M +30.8M (+62.7%) 2.16% +0.105 pp 0.00% +0.002 pp USD13.57 +114.0% 24 qtrs
13 D. E. SHAW & CO., INC. 2.68M +564.4K (+26.6%) 77.92M +38.0M (+95.1%) 2.10% +0.434 pp 0.04% +0.020 pp USD14.86 +95.4% 8 qtrs
14 DRIEHAUS CAPITAL MANAGEMENT LLC 2.56M +1.5M (+133.6%) 74.41M +53.7M (+259.9%) 2.01% +1.144 pp 0.51% +0.357 pp USD22.59 +28.6% 5 qtrs
15 ENSIGN PEAK ADVISORS, INC 1.90M -90.7K (-4.5%) 55.25M +17.7M (+47.1%) 1.49% -0.079 pp 0.10% +0.036 pp USD9.48 +206.3% 24 qtrs
16 FRANKLIN RESOURCES INC 1.90M -410.9K (-17.8%) 55.18M +11.6M (+26.7%) 1.49% -0.331 pp 0.01% +0.003 pp USD7.47 +288.8% 20 qtrs
17 JANUS HENDERSON GROUP PLC 1.83M -568.0K (-23.7%) 53.15M +8.0M (+17.7%) 1.43% -0.454 pp 0.02% +0.003 pp USD14.19 +104.7% 7 qtrs
18 BANK OF AMERICA CORP /DE/ 1.67M +784.2K (+88.2%) 48.60M +31.8M (+189.9%) 1.31% +0.611 pp 0.00% +0.002 pp USD20.05 +44.8% 24 qtrs
19 GOLDMAN SACHS GROUP INC 1.58M -228.6K (-12.7%) 45.78M +11.8M (+34.5%) 1.24% -0.186 pp 0.01% +0.002 pp USD10.83 +168.1% 24 qtrs
20 AMERICAN CENTURY COMPANIES INC 1.47M -195.3K (-11.7%) 42.61M +11.3M (+36.0%) 1.15% -0.159 pp 0.02% +0.006 pp USD13.44 +116.1% 21 qtrs
21 NUVEEN, LLC 1.38M +11.8K (+0.9%) 40.14M +14.3M (+55.4%) 1.08% +0.004 pp 0.01% +0.004 pp USD17.16 +69.2% 4 qtrs
22 PIVOTAL BIOVENTURE PARTNERS INVESTMENT ADVISOR LLC 1.37M -753.9K (-35.6%) 39.69M -284.8K (-0.7%) 1.07% -0.599 pp 15.34% -7.764 pp USD12.13 +139.4% 21 qtrs
23 PRICE T ROWE ASSOCIATES INC /MD/ 1.17M +1.1M (+1,228.4%) 33.87M +32.2M (+1,945.4%) 0.91% +0.845 pp 0.00% +0.004 pp USD27.94 +3.9% 24 qtrs
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.01M +15.4K (+1.5%) 29.47M +10.6M (+56.4%) 0.80% +0.008 pp 0.00% +0.002 pp USD14.03 +107.0% 24 qtrs
25 GW&K INVESTMENT MANAGEMENT, LLC 1.01M -163.5K (-13.9%) 29.29M +7.2M (+32.6%) 0.79% -0.133 pp 0.25% +0.058 pp USD15.82 +83.6% 16 qtrs
26 NORTHERN TRUST CORP 955.2K +15.0K (+1.6%) 27.74M +10.0M (+56.5%) 0.75% +0.008 pp 0.00% +0.001 pp USD14.81 +96.1% 24 qtrs
27 DEUTSCHE BANK AG\ 930.2K +552.7K (+146.4%) 27.01M +19.9M (+279.6%) 0.73% +0.432 pp 0.01% +0.006 pp USD19.49 +49.0% 24 qtrs
28 VOLORIDGE INVESTMENT MANAGEMENT, LLC 914.0K +80.5K (+9.7%) 26.54M +10.8M (+68.9%) 0.72% +0.060 pp 0.09% +0.041 pp USD19.75 +47.0% 8 qtrs
29 PERPETUAL LTD 910.6K -1.1M (-55.0%) 26.44M -11.7M (-30.7%) 0.71% -0.881 pp 0.38% -0.091 pp USD18.81 +54.4% 4 qtrs
30 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 900.0K +900.0K (+100.0%) 26.14M +26.1M (+100.0%) 0.71% +0.705 pp 0.04% +0.044 pp USD29.04 +0.0% 1 qtrs NEW
31 FEDERATED HERMES, INC. 891.8K +132.2K (+17.4%) 25.90M +11.6M (+80.9%) 0.70% +0.101 pp 0.04% +0.018 pp USD12.18 +138.4% 13 qtrs
32 OBERWEIS ASSET MANAGEMENT INC/ 808.4K +808.4K (+100.0%) 23.48M +23.5M (+100.0%) 0.63% +0.633 pp 0.86% +0.858 pp USD29.04 +0.0% 1 qtrs NEW
33 CANDRIAM S.C.A. 803.1K +25.1K (+3.2%) 23.32M +8.7M (+59.0%) 0.63% +0.017 pp 0.12% +0.039 pp USD10.15 +186.1% 7 qtrs
34 BNP PARIBAS ARBITRAGE, SNC 699.8K +653.7K (+1,416.5%) 20.32M +19.5M (+2,236.3%) 0.55% +0.512 pp 0.01% +0.009 pp USD28.29 +2.7% 5 qtrs
35 QUBE RESEARCH & TECHNOLOGIES LTD 661.4K -153.2K (-18.8%) 19.21M +3.9M (+25.1%) 0.52% -0.123 pp 0.02% +0.004 pp USD15.81 +83.7% 6 qtrs
36 NEARWATER CAPITAL MARKETS, LTD 615.0K +615.0K (+100.0%) 17.86M +17.9M (+100.0%) 0.48% +0.482 pp 0.31% +0.305 pp USD29.04 +0.0% 1 qtrs NEW
37 ABRDN PLC 586.4K -88.6K (-13.1%) 17.03M +4.3M (+33.8%) 0.46% -0.072 pp 0.03% +0.006 pp USD9.56 +203.8% 9 qtrs
38 FISHMAN JAY A LTD/MI 564.7K -1.0K (-0.2%) 16.40M +5.7M (+53.8%) 0.44% -0.003 pp 1.35% +0.435 pp USD18.85 +54.1% 2 qtrs
39 BIOIMPACT CAPITAL LLC 531.2K +531.2K (+100.0%) 15.43M +15.4M (+100.0%) 0.42% +0.416 pp 1.77% +1.765 pp USD29.04 +0.0% 1 qtrs NEW
40 BAMCO INC /NY/ 504.7K +504.7K (+100.0%) 14.66M +14.7M (+100.0%) 0.40% +0.396 pp 0.04% +0.040 pp USD29.04 +0.0% 1 qtrs NEW
41 CORMORANT ASSET MANAGEMENT, LP 500.0K -275.0K (-35.5%) 14.52M -88.8K (-0.6%) 0.39% -0.219 pp 0.67% -0.337 pp USD9.66 +200.6% 8 qtrs
42 CAPITOLIS LIQUID GLOBAL MARKETS LLC 500.0K +500.0K (+100.0%) 14.52M +14.5M (+100.0%) 0.39% +0.392 pp 0.09% +0.087 pp USD29.04 +0.0% 1 qtrs NEW
43 AQR CAPITAL MANAGEMENT LLC 499.4K +58.1K (+13.2%) 14.50M +6.2M (+74.3%) 0.39% +0.044 pp 0.01% +0.002 pp USD14.41 +101.5% 9 qtrs
44 SQUAREPOINT OPS LLC 455.9K +296.0K (+185.2%) 13.24M +10.2M (+339.4%) 0.36% +0.231 pp 0.01% +0.011 pp USD23.40 +24.1% 10 qtrs
45 MARSHALL WACE, LLP 454.2K +435.9K (+2,382.1%) 13.19M +12.8M (+3,724.0%) 0.36% +0.342 pp 0.01% +0.012 pp USD28.63 +1.4% 4 qtrs
46 EVERSEPT PARTNERS, LP 434.6K +323.2K (+289.9%) 12.62M +10.5M (+500.7%) 0.34% +0.253 pp 0.64% +0.491 pp USD26.43 +9.9% 2 qtrs
47 JUMP FINANCIAL, LLC 430.9K +80.4K (+22.9%) 12.51M +5.9M (+89.4%) 0.34% +0.062 pp 0.15% +0.075 pp USD20.62 +40.8% 13 qtrs
48 POINT72 ASSET MANAGEMENT, L.P. 425.2K +425.2K (+100.0%) 12.35M +12.3M (+100.0%) 0.33% +0.333 pp 0.01% +0.014 pp USD29.04 +0.0% 6 qtrs
49 ZEVENBERGEN CAPITAL INVESTMENTS LLC 418.0K +418.0K (+100.0%) 12.14M +12.1M (+100.0%) 0.33% +0.328 pp 0.27% +0.270 pp USD29.04 +0.0% 1 qtrs NEW
50 FIRST TRUST ADVISORS LP 404.7K +179.7K (+79.9%) 11.75M +7.5M (+177.1%) 0.32% +0.140 pp 0.01% +0.005 pp USD21.02 +38.2% 5 qtrs
51 TWO SIGMA INVESTMENTS, LP 400.9K +305.4K (+320.1%) 11.64M +9.8M (+547.1%) 0.31% +0.239 pp 0.02% +0.014 pp USD24.95 +16.4% 9 qtrs
52 BARCLAYS PLC 331.6K +78.2K (+30.9%) 9.63M +7.3M (+308.6%) 0.26% +0.060 pp 0.00% +0.002 pp USD16.59 +75.0% 16 qtrs
53 JUPITER ASSET MANAGEMENT LTD 326.5K -332.8K (-50.5%) 9.48M -2.9M (-23.7%) 0.26% -0.263 pp 0.08% -0.031 pp USD15.83 +83.4% 3 qtrs
54 CASTLEARK MANAGEMENT LLC 309.4K +309.4K (+100.0%) 8.99M +9.0M (+100.0%) 0.24% +0.243 pp 0.26% +0.264 pp USD29.04 +0.0% 1 qtrs NEW
55 INVESCO LTD. 307.4K +114.4K (+59.3%) 8.93M +5.3M (+145.4%) 0.24% +0.089 pp 0.00% +0.001 pp USD20.21 +43.7% 19 qtrs
56 PRIVIUM FUND MANAGEMENT B.V. 306.0K +— (+0.0%) 8.89M +3.1M (+54.1%) 0.24% -0.001 pp 1.64% +0.599 pp USD13.93 +108.5% 5 qtrs
57 BANK OF NEW YORK MELLON CORP 304.4K -6.2K (-2.0%) 8.84M +3.0M (+51.0%) 0.24% -0.006 pp 0.00% +0.000 pp USD13.47 +115.6% 24 qtrs
58 WELLS FARGO & COMPANY/MN 284.2K +179.0K (+170.0%) 8.25M +6.3M (+316.0%) 0.22% +0.140 pp 0.00% +0.001 pp USD23.68 +22.6% 24 qtrs
59 RENAISSANCE TECHNOLOGIES LLC 274.0K +274.0K (+100.0%) 7.96M +8.0M (+100.0%) 0.21% +0.215 pp 0.01% +0.012 pp USD29.04 +0.0% 1 qtrs NEW
60 SUSQUEHANNA INTERNATIONAL GROUP, LLP 272.4K +139.2K (+104.5%) 7.91M +5.4M (+215.1%) 0.21% +0.109 pp 0.00% +0.001 pp USD21.49 +35.1% 19 qtrs
61 MYDA ADVISORS LLC 265.0K -205.0K (-43.6%) 7.70M -1.2M (-13.1%) 0.21% -0.162 pp 1.47% -0.447 pp USD13.17 +120.5% 9 qtrs
62 MILLENNIUM MANAGEMENT LLC 236.8K +86.7K (+57.7%) 6.88M +4.0M (+143.0%) 0.19% +0.067 pp 0.00% +0.002 pp USD18.42 +57.7% 10 qtrs
63 PRUDENTIAL FINANCIAL INC 234.9K +221.0K (+1,585.8%) 6.82M +6.6M (+2,497.1%) 0.18% +0.173 pp 0.01% +0.008 pp USD27.77 +4.6% 15 qtrs
64 UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH 234.1K +147.6K (+170.6%) 6.80M +5.2M (+317.0%) 0.18% +0.115 pp 0.01% +0.008 pp USD25.27 +14.9% 2 qtrs
65 UBS ASSET MANAGEMENT AMERICAS INC 231.7K -12.3K (-5.0%) 6.73M +2.1M (+46.3%) 0.18% -0.011 pp 0.00% +0.000 pp USD10.98 +164.5% 7 qtrs
66 STEMPOINT CAPITAL LP 224.7K -187.2K (-45.4%) 6.53M -1.2M (-15.9%) 0.18% -0.148 pp 1.12% -0.437 pp USD12.44 +133.4% 9 qtrs
67 EAM INVESTORS, LLC 213.9K +213.9K (+100.0%) 6.21M +6.2M (+100.0%) 0.17% +0.168 pp 0.69% +0.692 pp USD29.04 +0.0% 1 qtrs NEW
68 SWISS NATIONAL BANK 212.8K +4.9K (+2.4%) 6.18M +2.3M (+57.7%) 0.17% +0.003 pp 0.00% +0.001 pp USD10.25 +183.3% 7 qtrs
69 PATIENT SQUARE CAPITAL LP 210.0K +210.0K (+100.0%) 6.10M +6.1M (+100.0%) 0.16% +0.165 pp 1.31% +1.306 pp USD29.04 +0.0% 1 qtrs NEW
70 FMR LLC 205.4K +37.5K (+22.3%) 5.97M +2.8M (+88.4%) 0.16% +0.029 pp 0.00% +0.000 pp USD23.80 +22.0% 24 qtrs
71 NORDEA INVESTMENT MANAGEMENT AB 201.6K +201.6K (+100.0%) 5.85M +5.8M (+100.0%) 0.16% +0.158 pp 0.01% +0.005 pp USD29.04 +0.0% 1 qtrs NEW
72 WOODLINE PARTNERS LP 195.0K -119.6K (-38.0%) 5.66M -266.8K (-4.5%) 0.15% -0.095 pp 0.02% -0.006 pp USD16.75 +73.4% 4 qtrs
73 HILLSDALE INVESTMENT MANAGEMENT INC. 179.4K +179.4K (+100.0%) 5.21M +5.2M (+100.0%) 0.14% +0.141 pp 0.14% +0.144 pp USD29.04 +0.0% 1 qtrs NEW
74 VOLEON CAPITAL MANAGEMENT LP 176.6K +151.8K (+611.1%) 5.13M +4.7M (+995.5%) 0.14% +0.119 pp 0.11% +0.099 pp USD27.61 +5.2% 2 qtrs
75 NORGES BANK 174.8K +174.8K (+100.0%) 5.08M +5.1M (+100.0%) 0.14% +0.137 pp 0.00% +0.001 pp USD29.04 +0.0% 1 qtrs NEW
76 RAFFERTY ASSET MANAGEMENT, LLC 172.1K +23.8K (+16.0%) 5.00M +2.2M (+78.8%) 0.13% +0.018 pp 0.02% +0.008 pp USD12.33 +135.5% 21 qtrs
77 WALLEYE CAPITAL LLC 168.6K +147.9K (+714.4%) 4.90M +4.5M (+1,154.7%) 0.13% +0.116 pp 0.02% +0.014 pp USD27.20 +6.8% 4 qtrs
78 RHUMBLINE ADVISERS 161.4K -21.7K (-11.9%) 4.69M +1.2M (+35.8%) 0.13% -0.018 pp 0.00% +0.001 pp USD13.56 +114.2% 24 qtrs
79 TWO SIGMA ADVISERS, LP 156.1K +141.0K (+933.8%) 4.53M +4.2M (+1,492.6%) 0.12% +0.110 pp 0.01% +0.008 pp USD27.74 +4.7% 8 qtrs
80 CITADEL ADVISORS LLC 155.2K -22.1K (-12.5%) 4.51M +1.2M (+34.8%) 0.12% -0.018 pp 0.00% +0.000 pp USD14.80 +96.2% 24 qtrs
81 PDT PARTNERS, LLC 155.1K +967.0 (+0.6%) 4.50M +1.6M (+55.0%) 0.12% +0.000 pp 0.29% +0.109 pp USD9.80 +196.3% 14 qtrs
82 RAYMOND JAMES FINANCIAL INC 144.9K +84.9K (+141.3%) 4.21M +3.1M (+271.7%) 0.11% +0.066 pp 0.00% +0.001 pp USD23.63 +22.9% 4 qtrs
83 ESSEX INVESTMENT MANAGEMENT CO LLC 141.3K -55.0K (-28.0%) 4.10M +403.0K (+10.9%) 0.11% -0.044 pp 0.63% +0.059 pp USD11.35 +155.9% 7 qtrs
84 MANUFACTURERS LIFE INSURANCE COMPANY, THE 126.0K +70.0K (+124.9%) 3.59M +2.5M (+239.9%) 0.10% +0.055 pp 0.00% +0.002 pp USD21.91 +32.5% 22 qtrs
85 ALLIANCEBERNSTEIN L.P. 116.4K +3.0K (+2.6%) 3.38M +1.2M (+58.1%) 0.09% +0.002 pp 0.00% +0.000 pp USD12.87 +125.6% 24 qtrs
86 KORNITZER CAPITAL MANAGEMENT INC /KS 113.4K +113.4K (+100.0%) 3.29M +3.3M (+100.0%) 0.09% +0.089 pp 0.07% +0.068 pp USD29.04 +0.0% 1 qtrs NEW
87 LPL FINANCIAL LLC 111.9K -5.1K (-4.3%) 3.25M +1.0M (+47.4%) 0.09% -0.004 pp 0.00% +0.000 pp USD5.35 +442.8% 11 qtrs
88 JPMORGAN CHASE & CO 106.5K +5.7K (+5.6%) 3.09M +1.2M (+62.8%) 0.08% +0.004 pp 0.00% +0.000 pp USD11.12 +161.2% 24 qtrs
89 TUDOR INVESTMENT CORP ET AL 106.1K +36.2K (+51.7%) 3.08M +1.8M (+133.7%) 0.08% +0.028 pp 0.01% +0.003 pp USD22.32 +30.1% 14 qtrs
90 SEI INVESTMENTS CO 104.3K +78.4K (+303.2%) 3.03M +2.5M (+521.2%) 0.08% +0.061 pp 0.00% +0.003 pp USD26.14 +11.1% 4 qtrs
91 LEGAL & GENERAL GROUP PLC 104.0K -5.4K (-5.0%) 3.02M +957.5K (+46.4%) 0.08% -0.005 pp 0.00% +0.000 pp USD10.03 +189.5% 24 qtrs
92 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 102.4K -1.9K (-1.8%) 2.97M +1.0M (+51.3%) 0.08% -0.002 pp 0.00% +0.001 pp USD11.29 +157.2% 24 qtrs
93 STATE OF WISCONSIN INVESTMENT BOARD 99.2K -24.7K (-19.9%) 2.88M +545.5K (+23.3%) 0.08% -0.020 pp 0.01% +0.001 pp USD13.42 +116.4% 7 qtrs
94 AMERIPRISE FINANCIAL INC 98.8K -359.0 (-0.4%) 2.87M +1.0M (+53.5%) 0.08% -0.001 pp 0.00% +0.000 pp USD7.63 +280.6% 24 qtrs
95 JANE STREET GROUP, LLC 97.8K +50.5K (+106.8%) 2.84M +1.9M (+218.5%) 0.08% +0.039 pp 0.00% +0.000 pp USD20.65 +40.6% 6 qtrs
96 TD ASSET MANAGEMENT INC 97.2K +97.2K (+100.0%) 2.82M +2.8M (+100.0%) 0.08% +0.076 pp 0.00% +0.002 pp USD29.04 +0.0% 1 qtrs NEW
97 LAZARD ASSET MANAGEMENT LLC 93.4K -186.3K (-66.6%) 2.71M -2.6M (-48.6%) 0.07% -0.147 pp 0.00% -0.003 pp USD9.56 +203.8% 7 qtrs
98 DEKABANK DEUTSCHE GIROZENTRALE 140.0K +— (+0.0%) 1.46M +15.0K (+1.0%) 0.11% -0.001 pp 0.00% +0.000 pp USD3.23 +799.1% 9 qtrs
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
7
Shares acquired
Shares disposed
30.6K
Cash buys
Cash sales
7.00
Net activity
-30,597
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-05-04 Watanabe Todd Director / Officer S-Sale D Common Stock 3,172 23.61 74.9K 720,755 D
2026-05-04 Vairavan Latha Officer S-Sale D Common Stock 1,341 23.61 31.7K 86,413 D
2026-05-04 Matsuda Masaru Officer S-Sale D Common Stock 7,372 23.27 171.5K 127,573 D
2026-05-04 Burnett Patrick Officer S-Sale D Common Stock 684 23.61 16.1K 120,466 D
2026-05-01 Welgus Howard G. Director S-Sale D Common Stock 7,144 22.99 164.2K 32,600 D
2026-04-01 Welgus Howard G. Director S-Sale D Common Stock 10,000 23.88 238.8K 39,744 D
2026-03-02 Welgus Howard G. Director S-Sale D Common Stock 10,000 25.65 256.5K 49,744 D
2026-03-02 Watanabe Todd Director / Officer S-Sale D Common Stock 1,068 25.91 27.7K 785,957 D
2026-03-02 Vairavan Latha Officer S-Sale D Common Stock 2,772 25.16 69.7K 87,835 D
2026-03-02 Matsuda Masaru Officer S-Sale D Common Stock 193 25.91 5.0K 136,932 D
2026-03-02 Leonard Keith R Director M-Exempt D Stock Option (right to buy) 27,052 8.63 233.5K 0 D
2026-03-02 Edwards Larry Todd Officer S-Sale D Common Stock 103 25.91 2.7K 175,178 D
2026-03-02 Burnett Patrick Officer S-Sale D Common Stock 6,106 25.16 153.6K 121,295 D
2026-02-27 Watanabe Todd Director / Officer A-Award A Stock Option (right to buy) 266,000 26.97 7.17M 266,000 D
2026-02-27 Vairavan Latha Officer A-Award A Common Stock 27,000 0.00 90,607 D
2026-02-27 Matsuda Masaru Officer A-Award A Stock Option (right to buy) 97,000 26.97 2.62M 97,000 D
2026-02-27 Edwards Larry Todd Officer A-Award A Stock Option (right to buy) 77,000 26.97 2.08M 77,000 D
2026-02-27 Burnett Patrick Officer A-Award A Stock Option (right to buy) 77,000 26.97 2.08M 77,000 D
2026-02-04 Burnett Patrick Officer S-Sale D Common Stock 9,794 25.81 252.7K 80,651 D
2026-02-02 Welgus Howard G. Director S-Sale D Common Stock 10,000 25.05 250.5K 59,744 D
2026-02-02 Watanabe Todd Director / Officer S-Sale D Common Stock 19,833 25.50 505.7K 721,306 D
2026-02-02 Vairavan Latha Officer S-Sale D Common Stock 1,320 25.50 33.7K 63,607 D
2026-02-02 Matsuda Masaru Officer S-Sale D Common Stock 4,714 25.63 120.8K 110,003 D
2026-02-02 Edwards Larry Todd Officer S-Sale D Common Stock 2,052 25.50 52.3K 148,865 D
2026-02-02 Burnett Patrick Officer S-Sale D Common Stock 3,675 25.50 93.7K 90,445 D
2026-01-05 Burnett Patrick Officer S-Sale D Common Stock 2,490 28.98 72.2K 94,120 D
2026-01-02 Welgus Howard G. Director S-Sale D Common Stock 10,000 28.96 289.6K 69,744 D
2025-12-31 Burnett Patrick Officer S-Sale D Common Stock 541 28.81 15.6K 97,766 D
2025-12-15 Burnett Patrick Officer S-Sale D Common Stock 11,500 28.94 332.9K 98,307 D
2025-12-04 Munshi Amit Director A-Award A Stock Option (right to buy) 16,502 31.16 514.2K 16,502 D
2025-12-01 Welgus Howard G. Director S-Sale D Common Stock 10,000 30.21 302.1K 79,744 D
2025-12-01 Matsuda Masaru Officer S-Sale D Common Stock 1,657 30.23 50.1K 150,641 D
2025-11-24 Watanabe Todd Director / Officer S-Sale D Common Stock 48,945 30.36 1.49M 740,537 D
2025-11-24 LIN SUE-JEAN Director S-Sale D Common Stock 25,272 30.78 778.0K 26,735 D
2025-11-21 Watanabe Todd Director / Officer S-Sale D Common Stock 1,055 30.00 31.7K 793,838 D
2025-11-20 Gilbert Halley E Director M-Exempt A Common Stock 12,220 7.51 91.8K 38,655 D
2025-11-19 Matsuda Masaru Officer S-Sale D Common Stock 989 27.95 27.6K 153,037 D
2025-11-13 Leonard Keith R Director G-Gift D Common Stock 4,312 0.00 22,123 D
2025-11-13 Krishnamohan Neha Director M-Exempt D Stock Option (right to buy) 27,052 8.63 233.5K 0 D
2025-11-06 Edwards Larry Todd Officer S-Sale D Common Stock 29,131 25.16 732.9K 150,193 D
2025-11-06 Burnett Patrick Officer M-Exempt D Stock Option (right to buy) 17,250 3.64 62.8K 155,250 D
2025-11-05 Burnett Patrick Officer S-Sale D Common Stock 3,864 23.72 91.6K 98,325 D
2025-11-03 Welgus Howard G. Director S-Sale D Common Stock 10,000 25.27 252.7K 89,744 D
2025-11-03 Watanabe Todd Director / Officer S-Sale D Common Stock 11,478 24.71 283.6K 794,962 D
2025-11-03 Vairavan Latha Officer S-Sale D Common Stock 88 24.72 2.2K 64,927 D
2025-11-03 Matsuda Masaru Officer S-Sale D Common Stock 43 25.40 1.1K 154,026 D
2025-11-03 Burnett Patrick Officer S-Sale D Common Stock 15 25.40 381.00 102,189 D
2025-10-28 Watanabe Todd Director / Officer S-Sale D Common Stock 40,000 25.03 1.00M 806,440 D
2025-10-02 Watanabe Todd Director / Officer S-Sale D Common Stock 20,739 20.04 415.6K 846,440 D
2025-10-02 Edwards Larry Todd Officer S-Sale D Common Stock 297 20.78 6.2K 179,324 D
2025-10-01 Welgus Howard G. Director M-Exempt A Common Stock 9,538 1.68 16.0K 109,744 D
2025-10-01 Watanabe Todd Director / Officer S-Sale D Common Stock 15,000 18.91 283.7K 876,440 D
2025-09-09 Watanabe Todd Director / Officer S-Sale D Common Stock 504 17.52 8.8K 891,440 D
2025-09-08 Watanabe Todd Director / Officer S-Sale D Common Stock 9,625 17.54 168.8K 891,944 D
2025-09-04 Matsuda Masaru Officer S-Sale D Common Stock 36,130 16.16 583.7K 161,234 D
2025-09-02 Welgus Howard G. Director S-Sale D Common Stock 10,000 15.64 156.4K 100,206 D
2025-08-21 Burnett Patrick Officer S-Sale D Common Stock 2,438 15.57 38.0K 104,811 D
2025-08-19 Burnett Patrick Officer S-Sale D Common Stock 1,750 16.16 28.3K 107,249 D
2025-08-08 Burnett Patrick Officer S-Sale D Common Stock 3,847 14.03 54.0K 108,999 D
2025-08-04 Watanabe Todd Director / Officer S-Sale D Common Stock 11,547 14.33 165.4K 901,569 D
2025-08-04 Vairavan Latha Officer S-Sale D Common Stock 89 14.33 1.3K 65,015 D
2025-08-04 Matsuda Masaru Officer S-Sale D Common Stock 6,330 14.33 90.7K 197,364 D
2025-08-04 Burnett Patrick Officer S-Sale D Common Stock 2,622 14.33 37.6K 112,846 D
2025-08-01 Welgus Howard G. Director S-Sale D Common Stock 3,890 14.30 55.6K 100,206 D
2025-07-14 Burnett Patrick Officer S-Sale D Common Stock 5,750 15.07 86.7K 115,468 D
2025-07-10 Burnett Patrick Officer S-Sale D Common Stock 23,000 15.05 346.0K 115,468 D
2025-07-01 Welgus Howard G. Director S-Sale D Common Stock 9,208 13.84 127.4K 100,206 D
2025-06-18 Welgus Howard G. Director S-Sale D Common Stock 10,139 13.37 135.6K 109,414 D
2025-06-13 Heron Patrick J Director P-Purchase A Common Stock 2,646 13.08 34.6K 27,448 I
2025-06-12 Welgus Howard G. Director A-Award A Stock Option (right to buy) 20,568 13.50 277.7K 20,568 D
2025-06-12 Leonard Keith R Director A-Award A Stock Option (right to buy) 20,568 13.50 277.7K 20,568 D
2025-06-12 LIN SUE-JEAN Director A-Award A Stock Option (right to buy) 20,568 13.50 277.7K 20,568 D
2025-06-12 Krishnamohan Neha Director A-Award A Stock Option (right to buy) 20,568 13.50 277.7K 20,568 D
2025-06-12 Heron Patrick J Director / 10% Owner A-Award A Stock Option (right to buy) 20,568 13.50 277.7K 20,568 D
2025-06-12 Gilbert Halley E Director A-Award A Stock Option (right to buy) 20,568 13.50 277.7K 20,568 D
2025-06-12 Curran Terrie Director A-Award A Common Stock 7,609 0.00 17,748 D
2025-06-12 CHAUDHURI BHASKAR Director A-Award A Stock Option (right to buy) 20,568 13.50 277.7K 20,568 D
2025-06-10 Watanabe Todd Franklin Director / Officer G-Gift A Common Stock 997 0.00 25,410 I
2025-06-05 Heron Patrick J Director P-Purchase A Common Stock 378 13.41 5.1K 24,802 I
2025-06-04 Heron Patrick J Director P-Purchase A Common Stock 1,890 13.32 25.2K 24,424 I
2025-05-28 Matsuda Masaru Officer S-Sale D Common Stock 1,800 13.78 24.8K 202,599 D
2025-05-22 Heron Patrick J Director P-Purchase A Common Stock 2,520 13.65 34.4K 22,534 I
2025-05-21 Heron Patrick J Director P-Purchase A Common Stock 2,520 13.66 34.4K 20,014 I
2025-05-19 Edwards Larry Todd Officer S-Sale D Common Stock 7,451 14.07 104.8K 183,104 D
2025-05-15 Heron Patrick J Director P-Purchase A Common Stock 2,520 13.62 34.3K 17,494 I
2025-05-14 Heron Patrick J Director P-Purchase A Common Stock 6,300 13.76 86.7K 14,974 I
2025-05-13 Heron Patrick J Director P-Purchase A Common Stock 2,374 13.76 32.7K 8,674 I
2025-05-09 Heron Patrick J Director P-Purchase A Common Stock 6,300 13.60 85.7K 6,300 I
2025-05-08 Burnett Patrick Officer S-Sale D Common Stock 3,871 13.59 52.6K 115,468 D
2025-05-06 Vairavan Latha Officer Common Stock 0 0.00 45,104 D
2025-05-02 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 11,448 15.19 173.9K 913,795 D
2025-05-02 Matsuda Masaru Officer S-Sale D Common Stock 5,030 15.20 76.5K 204,399 D
2025-05-02 Burnett Patrick Officer S-Sale D Common Stock 2,597 15.19 39.4K 119,339 D
2025-05-01 Welgus Howard G. Director S-Sale D Common Stock 10,000 14.64 146.4K 111,944 D
2025-04-02 Topper David Joseph Officer S-Sale D Common Stock 9,600 15.80 151.7K 182,774 D
2025-04-01 Welgus Howard G. Director S-Sale D Common Stock 10,000 15.12 151.2K 121,944 D
2025-03-25 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 2,171 17.56 38.1K 925,243 D
2025-03-24 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 1,500 17.52 26.3K 927,414 D
2025-03-17 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 1,200 17.61 21.1K 928,914 D
2025-03-14 Burnett Patrick Officer M-Exempt D Stock Option (right to buy) 12,242 3.64 44.6K 201,250 D
2025-03-13 Burnett Patrick Officer M-Exempt D Stock Option (right to buy) 5,008 3.64 18.2K 213,492 D
2025-03-04 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 4,135 13.28 54.9K 930,114 D
2025-03-04 Burnett Patrick Officer S-Sale D Common Stock 954 13.28 12.7K 166,089 D
2025-03-03 Welgus Howard G. Director S-Sale D Common Stock 10,000 13.00 130.0K 131,944 D
2025-03-03 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 20,880 13.03 272.1K 934,249 D
2025-03-03 Matsuda Masaru Officer S-Sale D Common Stock 3,263 13.03 42.5K 209,429 D
2025-03-03 Burnett Patrick Officer S-Sale D Common Stock 2,819 13.03 36.7K 167,043 D
2025-02-28 Watanabe Todd Franklin Director / Officer A-Award A Stock Option (right to buy) 396,000 13.69 5.42M 396,000 D
2025-02-28 Topper David Joseph Officer A-Award A Stock Option (right to buy) 89,000 13.69 1.22M 89,000 D
2025-02-28 Matsuda Masaru Officer A-Award A Common Stock 34,000 0.00 212,692 D
2025-02-28 Edwards Larry Todd Officer A-Award A Stock Option (right to buy) 43,000 13.69 588.7K 43,000 D
2025-02-28 Burnett Patrick Officer A-Award A Stock Option (right to buy) 43,000 13.69 588.7K 43,000 D
2025-02-03 Welgus Howard G. Director S-Sale D Common Stock 10,000 12.71 127.1K 141,944 D
2025-02-03 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 19,301 12.70 245.1K 804,129 D
2025-02-03 Matsuda Masaru Officer S-Sale D Common Stock 8,338 12.70 105.9K 178,692 D
2025-02-03 Edwards Larry Todd Officer S-Sale D Common Stock 2,173 12.70 27.6K 135,555 D
2025-02-03 Burnett Patrick Officer S-Sale D Common Stock 12,116 12.70 153.9K 114,862 D
2025-01-02 Welgus Howard G. Director S-Sale D Common Stock 10,000 14.67 146.7K 151,944 D
2024-12-31 Burnett Patrick Officer S-Sale D Common Stock 1,691 14.00 23.7K 126,978 D
2024-12-20 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 15,000 15.17 227.6K 823,430 D
2024-12-02 Welgus Howard G. Director S-Sale D Common Stock 10,000 12.51 125.1K 161,944 D
2024-11-30 Watanabe Todd Franklin Director / Officer P-Purchase A Common Stock 2,038 7.11 14.5K 838,430 D
2024-11-30 Matsuda Masaru Officer P-Purchase A Common Stock 1,657 7.11 11.8K 187,030 D
2024-11-30 Edwards Larry Todd Officer P-Purchase A Common Stock 1,093 7.11 7.8K 137,728 D
2024-11-22 Burnett Patrick Officer M-Exempt D Stock Option (right to buy) 16,023 3.64 58.3K 218,500 D
2024-11-19 Matsuda Masaru Officer S-Sale D Common Stock 1,775 9.68 17.2K 181,373 D
2024-11-18 Matsuda Masaru Officer A-Award A Common Stock 4,875 0.00 183,148 D
2024-11-15 Burnett Patrick Officer M-Exempt D Stock Option (right to buy) 100 3.64 364.00 234,523 D
2024-11-14 Burnett Patrick Officer M-Exempt A Common Stock 18,377 0.00 147,046 D
2024-11-11 Curran Terrie Director S-Sale D Common Stock 8,687 10.85 94.2K 10,139 D
2024-11-04 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 13,871 8.68 120.5K 832,392 D
2024-11-04 Matsuda Masaru Officer S-Sale D Common Stock 5,015 8.68 43.6K 178,273 D
2024-11-04 Burnett Patrick Officer S-Sale D Common Stock 15,441 8.68 134.1K 179,418 D
2024-11-01 Welgus Howard G. Director S-Sale D Common Stock 10,000 8.65 86.5K 171,944 D
2024-10-02 Edwards Larry Todd Officer S-Sale D Common Stock 3,725 10.01 37.3K 136,635 D
2024-10-01 Welgus Howard G. Director S-Sale D Common Stock 10,000 9.26 92.6K 181,944 D
2024-09-24 Topper David Joseph Officer S-Sale D Common Stock 11,626 9.48 110.3K 158,374 D
2024-09-21 Topper David Joseph Officer A-Award A Common Stock 60,000 0.00 170,000 D
2024-09-03 Welgus Howard G. Director S-Sale D Common Stock 10,000 10.77 107.7K 191,944
2024-08-19 Burnett Patrick Officer S-Sale D Common Stock 1,728 8.29 14.3K 194,859
2024-08-02 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 14,487 9.02 130.6K 846,263
2024-08-02 Matsuda Masaru Officer S-Sale D Common Stock 5,220 9.02 47.1K 183,288
2024-08-02 Burnett Patrick Officer S-Sale D Common Stock 13,206 9.02 119.1K 196,587
2024-08-01 Welgus Howard G. Director M-Exempt D Stock Option (right to buy) 6,614 1.68 11.1K 0
2024-07-01 Welgus Howard G. Director M-Exempt A Common Stock 4,319 1.68 7.3K 190,339
2024-06-14 Welgus Howard G. Director A-Award A Stock Option (right to buy) 27,052 8.63 233.5K 27,052
2024-06-14 Leonard Keith R Director A-Award A Common Stock 10,139 0.00 18,826
2024-06-14 LIN SUE-JEAN Director A-Award A Common Stock 10,139 0.00 19,126
2024-06-14 Krishnamohan Neha Director A-Award A Common Stock 10,139 0.00 15,746
2024-06-14 Heron Patrick J Director / 10% Owner A-Award A Common Stock 10,139 0.00 18,826
2024-06-14 Gilbert Halley E Director A-Award A Common Stock 10,139 0.00 18,826
2024-06-14 Curran Terrie Director A-Award A Common Stock 10,139 0.00 18,826
2024-06-14 CHAUDHURI BHASKAR Director A-Award A Common Stock 10,139 0.00 860,217
2024-06-04 Welgus Howard G. Director M-Exempt A Common Stock 3,542 1.68 6.0K 173,742
2024-05-31 Watanabe Todd Franklin Director / Officer P-Purchase A Common Stock 4,000 1.69 6.8K 836,392 D
2024-05-31 Matsuda Masaru Officer P-Purchase A Common Stock 4,000 1.69 6.8K 185,373 D
2024-05-30 Burnett Patrick Officer M-Exempt A Common Stock 23,000 0.00 232,793
2024-05-29 Burnett Patrick Officer S-Sale D Common Stock 49,952 8.72 435.4K 209,793
2024-05-28 Matsuda Masaru Officer S-Sale D Common Stock 1,775 9.01 16.0K 188,508
2024-05-27 Matsuda Masaru Officer A-Award A Common Stock 4,875 0.00 190,283
2024-05-17 Edwards Larry Todd Officer S-Sale D Common Stock 7,640 8.98 68.6K 140,360
2024-05-16 Edwards Larry Todd Officer A-Award A Common Stock 60,000 0.00 148,000
2024-05-02 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 13,783 8.74 120.4K 860,750
2024-05-02 Moore Matthew Richard Officer S-Sale D Common Stock 4,681 8.74 40.9K 145,505
2024-05-02 Matsuda Masaru Officer S-Sale D Common Stock 5,016 8.74 43.8K 185,408
2024-05-02 Burnett Patrick Officer S-Sale D Common Stock 9,555 8.74 83.5K 259,745
2024-05-01 Moore Matthew Richard Officer A-Award A Common Stock 4,166 0.00 150,186
2024-04-10 Topper David Joseph Officer A-Award A Stock Option (right to buy) 310,000 12.34 3.83M 310,000
2024-03-04 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 14,903 11.12 165.7K 874,533
2024-03-04 Moore Matthew Richard Officer S-Sale D Common Stock 3,468 11.12 38.6K 146,020
2024-03-04 Matsuda Masaru Officer S-Sale D Common Stock 3,760 11.12 41.8K 190,424
2024-03-04 Heron Patrick J Director P-Purchase A Common Stock 21,052 9.50 200.0K 8,785,284
2024-03-04 Burnett Patrick Officer S-Sale D Common Stock 4,782 11.12 53.2K 269,300
2024-02-28 Watanabe Todd Franklin Director / Officer S-Sale D Common Stock 2,465 10.60 26.1K 889,436
2024-02-13 Watanabe Todd Franklin Director / Officer A-Award A Common Stock 116,100 0.00 891,901
2024-02-13 Smither John W Officer A-Award A Common Stock 8,572 0.00 11,365
2024-02-13 Moore Matthew Richard Officer A-Award A Common Stock 26,666 0.00 81,256
2024-02-13 Matsuda Masaru Officer D-Return D Stock Option (right to buy) 35,300 17.67 623.8K 0
2024-02-13 Burnett Patrick Officer A-Award A Common Stock 9,600 0.00 222,632
2024-01-12 Watanabe Todd Franklin Director / Officer A-Award A Stock Option (right to buy) 410,000 3.64 1.49M 410,000
2024-01-12 Moore Matthew Richard Officer A-Award A Common Stock 28,000 0.00 54,590
2024-01-12 Matsuda Masaru Officer A-Award A Stock Option (right to buy) 176,000 3.64 640.6K 176,000
2024-01-12 Edwards Larry Todd Officer A-Award A Common Stock 28,000 0.00 88,000
2024-01-12 Burnett Patrick Officer A-Award A Common Stock 28,000 0.00 85,032
2024-01-02 Burnett Patrick Officer S-Sale D Common Stock 1,325 3.54 4.7K 57,032
2023-12-20 Watanabe Todd Franklin Director / Officer G-Gift A Common Stock 6,563 0.00 24,413
2023-12-01 Watanabe Todd Franklin Director / Officer M-Exempt A Common Stock 59,525 1.68 100.0K 513,682
2023-11-21 Matsuda Masaru Officer S-Sale D Common Stock 1,850 1.98 3.7K 46,634
2023-11-18 Matsuda Masaru Officer A-Award A Common Stock 4,875 0.00 48,484
2023-10-24 Frazier Life Sciences VIII, L.P. 10% Owner P-Purchase A Common Stock 80,000 2.50 200.0K 8,764,232
2023-09-27 Edwards Larry Todd Officer A-Award A Stock Option (right to buy) 240,000 5.58 1.34M 240,000
2023-08-31 Smither John W Officer D Stock Option (right to buy) 8,379 27.61 231.3K 0
2023-08-29 Moore Matthew Richard Officer A-Award A Stock Option (Right to Buy) 12,500 28.72 359.0K 12,500
2023-08-21 Burnett Patrick Officer S-Sale D Common Stock 300 7.05 2.1K 59,662
2023-05-31 Welgus Howard G. Director A-Award A Common Stock 4,375 0.00 170,200
2023-05-31 Watanabe Todd Franklin Director / Officer P-Purchase A Common Stock 1,463 6.38 9.3K 515,145
2023-05-31 Matsuda Masaru Officer S-Sale D Common Stock 1,830 7.80 14.3K 42,146
2023-05-31 Leonard Keith R Director A-Award A Common Stock 4,375 0.00 8,687
2023-05-31 LIN SUE-JEAN Director A-Award A Common Stock 4,375 0.00 8,987
2023-05-31 Krishnamohan Neha Director A-Award A Common Stock 4,375 0.00 5,607

Executive team

Top executives
EBIT / Employee
-8.4K
Shares Outstanding
125.07M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Todd Franklin Watanabe President and Chief Executive Officer 713.3K 2.07M 3.85M 579.6K 14.0K 7.22M 81.91%
2 2025 L. Todd Edwards Chief Commercial Officer 535.0K 753.0K 1.38M 334.4K 27.8K 3.03M 70.39%
3 2025 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 535.0K 753.0K 1.38M 334.4K 14.0K 3.02M 70.72%
4 2025 Masaru Matsuda, J.D. Chief Legal Officer 495.2K 465.5K 865.0K 278.5K 14.0K 2.12M 62.81%
5 2025 David Topper Former Chief Financial Officer 196.5K 465.5K 865.0K 419.8K 1.95M 68.35%
6 2025 Latha Vairavan 419.5K 440.4K 839.5K 213.4K 12.0K 1.92M 66.49%
7 2024 David Topper Chief Financial Officer 364.8K 1.85M 2.77M 296.6K 23.4K 5.31M 87.11%
8 2024 David Topper Former Chief Financial Officer 364.8K 1.85M 2.77M 296.6K 23.4K 5.31M 87.11%
9 2024 Todd Franklin Watanabe President and Chief Executive Officer 660.9K 1.41M 1.05M 549.8K 19.9K 3.69M 66.64%
10 2024 Todd Franklin Watanabe President and Chief Executive Officer 660.9K 1.41M 1.05M 549.8K 19.9K 3.69M 66.64%
11 2024 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 504.2K 989.3K 709.0K 293.3K 17.3K 2.51M 67.58%
12 2024 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 504.2K 989.3K 709.0K 293.3K 17.3K 2.51M 67.58%
13 2024 John Smither Chief Financial Officer 183.3K 1.05M 759.7K 105.6K 2.10M 86.26%
14 2024 L. Todd Edwards Chief Commercial Officer 516.4K 679.1K 452.1K 300.3K 17.2K 1.97M 57.57%
15 2024 L. Todd Edwards Chief Commercial Officer 516.4K 679.1K 452.1K 300.3K 17.2K 1.97M 57.57%
16 2024 Masaru Matsuda, J.D. General Counsel 465.5K 535.5K 452.1K 268.1K 16.4K 1.74M 56.84%
17 2024 Masaru Matsuda, J.D. Chief Legal Officer 465.5K 535.5K 452.1K 268.1K 16.4K 1.74M 56.84%
18 2023 Todd Franklin Watanabe President and Chief Executive Officer 633.5K 1.38M 2.54M 354.1K 20.1K 4.94M 79.58%
19 2023 Todd Franklin Watanabe President and Chief Executive Officer 633.5K 1.38M 2.54M 354.1K 20.1K 4.94M 79.58%
20 2023 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 477.3K 332.2K 611.2K 230.9K 14.8K 1.67M 56.62%
21 2023 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 477.3K 332.2K 611.2K 230.9K 14.8K 1.67M 56.62%
22 2023 L. Todd Edwards Chief Commercial Officer 131.3K 334.8K 938.9K 241.9K 11.1K 1.66M 76.83%
23 2023 Masaru Matsuda, J.D. General Counsel 434.0K 332.2K 611.2K 210.0K 15.8K 1.60M 58.85%
24 2023 John Smither Chief Financial Officer 200.9K 738.2K 97.2K 1.04M 71.24%
25 2022 Masaru Matsuda, J.D. General Counsel 415.0K 1.12M 3.39M 190.9K 20.3K 5.14M 87.82%
26 2022 Todd Franklin Watanabe President and Chief Executive Officer 590.0K 1.25M 2.31M 407.1K 17.0K 4.58M 77.87%
27 2022 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 457.2K 314.5K 579.6K 210.3K 22.5K 1.58M 56.44%
28 2022 Kenneth Lock Chief Commercial Officer 392.5K 235.0K 434.4K 180.6K 27.6K 1.27M 52.71%
29 2022 Scott Burrows Chief Financial Officer 386.7K 235.0K 434.4K 177.9K 12.2K 1.25M 53.72%
30 2021 John Smither Chief Financial Officer 100.0K 755.2K 5.38M 10.8K 6.25M 98.23%
31 2021 Todd Franklin Watanabe President and Chief Executive Officer 525.0K 1.06M 2.28M 393.8K 21.4K 4.28M 78.05%
32 2021 Matthew Moore Chief Business Officer 356.7K 3.23M 178.4K 25.0K 3.79M 85.24%
33 2021 Scott Burrows Chief Financial Officer 330.8K 90.8K 1.48M 165.4K 11.6K 2.08M 75.59%
34 2021 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 437.5K 308.2K 662.8K 218.8K 43.9K 1.67M 58.11%
35 2021 Patrick E. Burnett Chief Medical Officer 437.5K 308.2K 662.8K 218.8K 43.9K 1.67M 58.11%
36 2021 Kenneth Lock Chief Commercial Officer 373.3K 308.2K 662.8K 186.7K 33.4K 1.56M 62.07%
37 2021 David W. Osborne Chief Technical Officer 375.0K 308.2K 662.8K 187.5K 22.1K 1.56M 62.42%
38 2020 Patrick E. Burnett, M.D., Ph.D. Chief Medical Officer 170.8K 867.3K 5.60M 209.1K 696.00 6.85M 94.44%
39 2020 Patrick E. Burnett Chief Medical Officer 170.8K 867.3K 5.60M 209.1K 696.00 6.85M 94.44%
40 2020 Todd Franklin Watanabe President and Chief Executive Officer 441.7K 800.7K 1.22M 281.6K 11.4K 2.75M 73.29%
41 2020 Kenneth Lock Chief Commercial Officer 335.0K 248.5K 504.9K 170.9K 8.4K 1.27M 59.43%
42 2020 Kenneth A. Lock Chief Commercial Officer 335.0K 248.5K 504.9K 170.9K 8.4K 1.27M 59.43%
43 2019 Todd Franklin Watanabe President and Chief Executive Officer 390.0K 580.5K 169.8K 1.14M 50.91%
44 2019 Kenneth A. Lock Chief Commercial Officer 66.9K 674.8K 24.3K 766.1K 88.08%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-21 DEFA14A
2026-04-21 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-06 SC 13G/A
2026-05-06 8-K
2026-05-06 4
2026-05-06 4
2026-05-06 4
2026-05-06 4
2026-05-06 10-Q
2026-05-05 4
2026-04-21 S-8
2026-04-21 DEFA14A

Executive team

NameTitleCompensationGender
Todd Franklin Watanabe President, Chief Executive Officer & Director 1M male
L. Todd Edwards Executive Vice President & Chief Commercial Officer 897.2K male
Patrick E. Burnett Executive Vice President & Chief Medical Officer 883.4K
Masaru Matsuda Executive VP, Chief Legal Officer & Corporate Secretary 787.7K male
Latha Vairavan Senior Vice President & Chief Financial Officer 644.9K female
Bhaskar Chaudhuri Co-Founder & Director Emeritus 60.1K
Aleen Hosdaghian Vice President of Marketing female
Brian Schoelkopf Head of Investor Relations male
Kent Taylor Senior Vice President of Sales male
Rajvir Madan Chief Digital & Technology Officer male
Steve Arias Vice President of Compliance & Privacy male
Amanda Sheldon Head of Corporate Communications female
ESG Rating
B
BIOTECHNOLOGY
2026
E (Environmental)
70.4 / 56.3
Company / Sector avg.
S (Social)
76.5 / 62.4
Company / Sector avg.
G (Governance)
69.1 / 60.9
Company / Sector avg.
ESG Total
72.0 / 59.9
Company / Sector avg.
ESG Score History BIOTECHNOLOGY
Benchmark vs Sector
Political Trading Activity (25M)
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity
Transaction Date Disclosed Representative District Owner Type Amount Link
2026-03-03 2026-04-08 Gilbert Cisneros CA31 Purchase $1,001 - $15,000
2025-12-11 2026-01-12 Gilbert Cisneros CA31 Sale (Partial) $1,001 - $15,000
2023-09-15 2023-10-15 Josh Gottheimer NJ05 Joint Sale $1,001 - $15,000
2023-04-17 2023-05-19 Josh Gottheimer NJ05 Joint Purchase $1,001 - $15,000
2022-06-15 2022-07-22 Josh Gottheimer NJ05 Joint Purchase $1,001 - $15,000
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits