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Flywire Corp (FLYW)

USD18.67 +1.08 (+6.11%)
US NASDAQ Industrials Specialty Business Services
Address 141 Tremont Street 2111
Boston, MA, US
CEO Michael Massaro
IPO 2021-05-26
CIK 1580560 ISIN US3024921039

Explore sections of this company profile

Description

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific. The company provides a payment platform that integrates into existing apps and workflows and have access to solutions, such as tailored invoicing, settlement and reconciliation tools, single sign-on and checkout, recurring payments, and split payouts. It also offers a payment network, which has access to a set of payment methods, including banks, third-party payment providers, payment networks, and digital wallets; and direct connections to alternative payment methods consisting of Alipay, Boleto, PayPal / Venmo, and Trustly. In addition, the company provides vertical-specific software comprising vertical-specific digital workflows; integration and synchronization to core and industry specific systems; real-time access; and predictive analytics. It serves education, healthcare, travel, and B2B industries. The company was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.

News Sentiment (7d)
78 Positive

Based on only 2 articles — low confidence

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
USD18.67 +1.08 (+6.11%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.34
Float Shares
109.64M
Free Float %
91.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.22% -5.66% +40.59% +51.87% +20.38% +17.66% +50.09% -46.60% -52.54% -52.54% -52.54%
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 (19 ratings, all time) Buy
Price Targets & DCF
Current price
18.67
Low 17.00 -8.9%
Consensus 18.75 +0.5%
Median 18.50 -0.9%
High 21.00 +12.5%
DCF (Unlevered) 11.47 -38.6%
DCF (Levered) 41.99 +125.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 7 0
Hold 4 -1
Sell 0 0
Strong Sell 1 0
Price Target Summary
Period # Analysts Avg Target
Last Month 6
18.83
+0.9%
Last Quarter 8
18.13
-2.9%
Last Year 15
17.63
-5.5%
All Time 21
20.21
+8.3%
Quality scores
Altman Z-Score
0.06
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Business Services: +7.6%
    +26.6% Q1'26: +41.0% (vs Q1'25)
  • EPS growth Specialty Business Services: +24.4%
    +391.1% Q1'26: +389.3% (vs Q1'25)
  • FCF margin FCF growth · Specialty Business Services: +27.6%
    +5.6% Q1'26: -8.5% (vs Q1'25)
  • EBIT margin Specialty Business Services: +9.0%
    +3.5% Q1'26: +6.6% (vs Q1'25)
  • ROIC Specialty Business Services: +7.8%
    +2.9% Q1'26: +0.0% (vs Q1'25)
  • Share dilution Specialty Business Services: +0.4%
    -1.2% Q1'26: +3.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Business Services: -0.21×
    0.00× Q1'26: 0.00× (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 (1.30) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 11.39 Current price: 18.67
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 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
10 Rev. Ana.
8 EPS Ana.
Dec 2027
11 Rev. Ana.
9 EPS Ana.
Dec 2028
6 Rev. Ana.
5 EPS Ana.
Dec 2029
5 Rev. Ana.
1 EPS Ana.
Revenue
201.15M
est: 176.19M (+14.2%)
289.38M
est: 265.23M (+9.1%)
403.09M
est: 441.65M (-8.7%)
492.14M
est: 481.62M (+2.2%)
623.03M
est: 598.51M (+4.1%)
744.99M
720.51M – 760.28M
+24.5% YoY
857.65M
825.28M – 888.52M
+15.1% YoY
993.06M
991.27M – 994.85M
+15.8% YoY
1.47B
1.42B – 1.52B
+48.3% YoY
EBITDA
3.95M
est: -5.46M (+172.3%)
-15.12M
est: -8.22M (-83.9%)
-285.0K
est: 80.63M (-100.4%)
12.90M
est: 87.93M (-85.3%)
49.71M
est: 109.27M (-54.5%)
136.02M
131.55M – 138.81M
+24.5% YoY
156.58M
150.68M – 162.22M
+15.1% YoY
181.31M
180.98M – 181.64M
+15.8% YoY
268.93M
259.26M – 277.74M
+48.3% YoY
EBIT
-5.29M
est: -12.98M (+59.2%)
-29.23M
est: -19.53M (-49.6%)
-17.84M
est: 66.36M (-126.9%)
-5.43M
est: 72.36M (-107.5%)
21.98M
est: 89.92M (-75.6%)
111.93M
108.25M – 114.23M
+24.5% YoY
128.86M
124.00M – 133.50M
+15.1% YoY
149.20M
148.93M – 149.47M
+15.8% YoY
221.31M
213.36M – 228.56M
+48.3% YoY
Net Income
-28.09M
est: -44.84M (+37.4%)
-39.35M
est: -61.83M (+36.4%)
-8.57M
est: -8.57M (+0.0%)
2.90M
est: 18.20M (-84.1%)
13.50M
est: 14.11M (-4.4%)
56.35M
29.91M – 74.77M
+299.3% YoY
82.85M
47.04M – 110.20M
+47.0% YoY
111.87M
74.01M – 142.04M
+35.0% YoY
141.44M
134.83M – 147.47M
+26.4% YoY
SGA
102.36M
est: 96.66M (+5.9%)
160.41M
est: 145.51M (+10.2%)
211.57M
est: 233.30M (-9.3%)
242.52M
est: 254.42M (-4.7%)
269.45M
est: 316.16M (-14.8%)
393.54M
380.61M – 401.62M
+24.5% YoY
453.05M
435.96M – 469.36M
+15.1% YoY
524.59M
523.64M – 525.53M
+15.8% YoY
778.10M
750.14M – 803.60M
+48.3% YoY
EPS
-0.26
est: -0.35 (+25.0%)
-0.36
est: -0.48 (+25.0%)
-0.07
est: -0.07 (-11.0%)
0.02
est: 0.14 (-83.6%)
0.11
est: 0.11 (+4.5%)
0.42
0.23 – 0.59
+294.4% YoY
0.63
0.37 – 0.86
+52.1% YoY
0.82
0.58 – 1.11
+29.7% YoY
1.11
1.06 – 1.15
+35.2% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-07 Citigroup Neutral Neutral Maintain
2026-05-06 BTIG Buy Buy Maintain
2026-04-16 BTIG Neutral Buy Upgrade
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 5/5 2/5 3/5 1/5 4/5 5/5
2026-05-08 A- 4/5 5/5 2/5 3/5 1/5 4/5 5/5
2026-05-07 A- 4/5 5/5 2/5 3/5 1/5 4/5 5/5
2026-05-06 A- 4/5 5/5 2/5 3/5 1/5 4/5 5/5
2026-05-05 A- 4/5 5/5 2/5 3/5 1/5 4/5 5/5
2026-05-04 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-05-01 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-30 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-29 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-28 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-27 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-24 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-23 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-22 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-21 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-20 B 3/5 5/5 2/5 3/5 1/5 1/5 4/5
2026-04-17 B- 3/5 5/5 2/5 3/5 1/5 1/5 3/5
2026-04-16 B- 3/5 5/5 2/5 3/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-8.48B
OE per share TTM
-66.27
Owner's Yield
-416.63%
Maintenance CapEx ratio
57,417.60%
Maint CapEx / Avg PPE
3.9%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
30
Total invested
16.06M
Insider transactions (90d)
1
Beneficial owners (>5%)
23
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Bain Capital Venture Fund 2014, L.P. 13.57M 13.80% 13.57M 13.57M PN 2022-02-14
2 Alex Finkelstein 13.14M 13.30% 57.0K 13.08M 57.0K 13.08M IN 2022-02-10
3 Spark Management Partners II, LLC 12.03M 12.20% 12.03M 12.03M OO 2022-02-10
4 Spark Capital II, L.P. 11.95M 12.10% 11.95M 11.95M PN 2022-02-10
5 William Blair Investment Management, LLC 11.58M 9.40% 10.44M 11.58M IA Delaware 2024-11-14
6 Temasek Holdings (Private) Limited 10.64M 10.80% 10.64M 10.64M HC Republic of Singapore 2022-02-14
7 (1) BlackRock, Inc. 7.77M 6.50% 7.65M 7.77M HC Delaware 2024-01-29
8 13-4064930 5.71M 5.50% 5.27M 5.67M IA Delaware 2023-02-14
9 Abigail P. Johnson 5.50M 5.05% 5.50M IN United States of America 2023-08-08
10 FMR LLC 5.50M 5.05% 5.49M 5.50M HC Delaware 2023-08-08
11 The Vanguard Group - 23-1945930 5.00M 5.07% 89.6K 93.4K IA Pennsylvania 2022-02-10
12 BCIP Venture Associates 1.38M 1.40% 1.38M 1.38M PN 2022-02-14
13 Spark Growth Management Partners, LLC 1.05M 1.10% 1.05M 1.05M OO 2022-02-10
14 Spark Capital Growth Fund, L.P. 1.04M 1.10% 1.04M 1.04M PN 2022-02-10
15 Bain Capital Venture Fund 2016, L.P. 904.8K 0.90% 904.8K 904.8K PN 2022-02-14
16 Bain Capital Venture Coinvestment Fund II, L.P. 423.6K 0.40% 423.6K 423.6K PN 2022-02-14
17 BCIP Venture Associates II, LP 134.5K 0.10% 134.5K 134.5K PN 2022-02-14
18 BCIP Venture Associates-B 93.1K 0.10% 93.1K 93.1K PN 2022-02-14
19 Spark Capital Founders’ Fund II, L.P. 78.2K 0.10% 78.2K 78.2K PN 2022-02-10
20 BCV 2019-MD Coinvestment II, L.P. 16.9K 0.10% 16.9K 16.9K PN 2022-02-14
21 Spark Capital Growth Founders’ Fund, L.P. 10.3K 0.00% 10.3K 10.3K PN 2022-02-10
22 BCIP Venture Associates II-B, LP 10.1K 0.10% 10.1K 10.1K PN 2022-02-14
23 Spark Capital Partners, LLC 4.9K 0.00% 4.9K 4.9K OO 2022-02-10

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
30
-186 vs prev Q
New positions
3
Closed positions
185
Increased
16
Reduced
5
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 VOSS CAPITAL, LLC 11.75M +2.1M (+22.1%) 166.38M +36.1M (+27.7%) 9.60% +1.745 pp 7.98% +1.681 pp USD13.24 +6.9% 5 qtrs
2 VANGUARD GROUP INC 10.86M -215.7K (-1.9%) 153.83M +3.8M (+2.5%) 8.87% -0.170 pp 0.00% +0.000 pp USD30.44 -53.5% 19 qtrs
3 BLACKROCK, INC. 8.64M +54.0K (+0.6%) 122.36M +6.1M (+5.2%) 7.06% +0.049 pp 0.00% +0.000 pp USD16.49 -14.1% 6 qtrs
4 CADIAN CAPITAL MANAGEMENT, LP 7.93M -3.4M (-29.9%) 112.25M -40.9M (-26.7%) 6.47% -2.757 pp 8.11% -0.993 pp USD10.59 +33.7% 4 qtrs
5 TEMASEK HOLDINGS (PRIVATE) LTD 6.39M -2.3M (-26.4%) 90.49M -27.1M (-23.0%) 5.22% -1.869 pp 0.29% -0.119 pp USD36.74 -61.5% 19 qtrs
6 DIVISADERO STREET CAPITAL MANAGEMENT, LP 5.79M +1.6M (+39.4%) 81.94M +25.7M (+45.8%) 4.73% +1.338 pp 3.83% +1.380 pp USD11.83 +19.7% 4 qtrs
7 WELLINGTON MANAGEMENT GROUP LLP 4.83M +1.5M (+43.8%) 68.37M +22.9M (+50.4%) 3.94% +1.203 pp 0.01% +0.004 pp USD12.70 +11.5% 4 qtrs
8 JENNISON ASSOCIATES LLC 4.42M +1.2M (+35.2%) 62.60M +18.3M (+41.4%) 3.61% +0.942 pp 0.04% +0.012 pp USD16.96 -16.5% 15 qtrs
9 CITADEL ADVISORS LLC 4.13M +331.0K (+8.7%) 58.47M +7.0M (+13.7%) 3.37% +0.273 pp 0.01% +0.001 pp USD12.43 +13.9% 17 qtrs
10 MANGROVE PARTNERS 2.98M +82.4K (+2.8%) 42.25M +3.0M (+7.5%) 2.44% +0.069 pp 3.44% +0.541 pp USD13.56 +4.4% 2 qtrs
11 GEODE CAPITAL MANAGEMENT, LLC 2.98M -6.2K (-0.2%) 42.17M +1.8M (+4.4%) 2.43% -0.003 pp 0.00% +0.000 pp USD27.49 -48.5% 19 qtrs
12 STATE STREET CORP 2.86M -14.3K (-0.5%) 40.56M +1.6M (+4.1%) 2.34% -0.010 pp 0.00% +0.000 pp USD28.39 -50.1% 18 qtrs
13 MORGAN STANLEY 1.88M +431.2K (+29.8%) 26.61M +7.0M (+35.7%) 1.53% +0.353 pp 0.00% +0.000 pp USD16.88 -16.1% 19 qtrs
14 DIMENSIONAL FUND ADVISORS LP 1.59M -27.1K (-1.7%) 22.53M +619.6K (+2.8%) 1.30% -0.021 pp 0.00% +0.000 pp USD23.71 -40.3% 14 qtrs
15 PRIMECAP MANAGEMENT CO/CA/ 1.57M +27.3K (+1.8%) 22.27M +1.3M (+6.4%) 1.28% +0.023 pp 0.02% +0.001 pp USD17.74 -20.2% 15 qtrs
16 AMERIPRISE FINANCIAL INC 1.30M +15.1K (+1.2%) 18.37M +1.0M (+5.8%) 1.06% +0.013 pp 0.00% +0.000 pp USD13.51 +4.8% 19 qtrs
17 UBS GROUP AG 1.29M +399.0K (+44.8%) 18.27M +6.2M (+51.4%) 1.05% +0.326 pp 0.00% +0.001 pp USD15.22 -7.0% 19 qtrs
18 FRANKLIN RESOURCES INC 1.25M -137.9K (-9.9%) 17.71M -1.1M (-5.8%) 1.02% -0.112 pp 0.00% 0.000 pp USD26.92 -47.4% 19 qtrs
19 COOPER CREEK PARTNERS MANAGEMENT LLC 1.14M +— (+0.0%) 16.14M +707.0K (+4.6%) 0.93% +0.001 pp 0.73% +0.256 pp USD13.54 +4.6% 8 qtrs
20 FRONTIER CAPITAL MANAGEMENT CO LLC 1.10M +133.3K (+13.8%) 15.55M +2.5M (+19.0%) 0.90% +0.109 pp 0.17% +0.048 pp USD13.62 +4.0% 2 qtrs
21 BANK OF AMERICA CORP /DE/ 1.04M +85.6K (+9.0%) 14.74M +1.8M (+13.9%) 0.85% +0.071 pp 0.00% +0.000 pp USD18.39 -23.0% 19 qtrs
22 BNP PARIBAS ARBITRAGE, SNC 1.02M +520.3K (+103.3%) 14.50M +7.7M (+112.6%) 0.84% +0.425 pp 0.01% +0.003 pp USD13.67 +3.6% 5 qtrs
23 NORTHERN TRUST CORP 1.01M -74.2K (-6.8%) 14.32M -377.3K (-2.6%) 0.83% -0.060 pp 0.00% 0.000 pp USD30.69 -53.9% 18 qtrs
24 NUVEEN, LLC 996.7K +35.3K (+3.7%) 14.11M +1.1M (+8.4%) 0.81% +0.029 pp 0.00% +0.000 pp USD10.22 +38.6% 4 qtrs
25 MARSHALL WACE, LLP 940.5K -910.9K (-49.2%) 13.32M -11.7M (-46.9%) 0.77% -0.743 pp 0.01% -0.013 pp USD16.49 -14.1% 19 qtrs
26 POINT72 ASSET MANAGEMENT, L.P. 897.7K +897.7K (+100.0%) 12.71M +12.7M (+100.0%) 0.73% +0.733 pp 0.01% +0.014 pp USD14.16 +0.0% 4 qtrs
27 ARARAT CAPITAL MANAGEMENT LP 892.9K +118.0K (+15.2%) 12.64M +2.2M (+20.5%) 0.73% +0.097 pp 6.23% +0.604 pp USD13.62 +4.0% 2 qtrs
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 875.9K -63.9K (-6.8%) 12.40M -322.8K (-2.5%) 0.72% -0.052 pp 0.00% 0.000 pp USD28.25 -49.9% 18 qtrs
29 GDS WEALTH MANAGEMENT 827.1K -212.2K (-20.4%) 11.71M -2.4M (-16.8%) 0.68% -0.173 pp 0.73% -0.197 pp USD10.25 +38.1% 4 qtrs
30 VOLORIDGE INVESTMENT MANAGEMENT, LLC 815.0K -255.7K (-23.9%) 11.54M -3.0M (-20.4%) 0.67% -0.208 pp 0.04% -0.008 pp USD9.50 +49.1% 7 qtrs
31 D. E. SHAW & CO., INC. 755.3K -1.5M (-67.1%) 10.70M -20.4M (-65.6%) 0.62% -1.257 pp 0.01% -0.012 pp USD11.58 +22.3% 4 qtrs
32 PALISADE CAPITAL MANAGEMENT, LP 750.9K -115.2K (-13.3%) 10.63M -1.1M (-9.3%) 0.61% -0.094 pp 0.32% -0.004 pp USD16.91 -16.3% 5 qtrs
33 731.1K +731.1K (+100.0%) 10.35M +10.4M (+100.0%) 0.60% +0.597 pp 9.18% +9.180 pp USD14.16 +0.0% 1 qtrs NEW
34 INTERVAL PARTNERS, LP 667.9K +436.4K (+188.5%) 9.46M +6.3M (+201.7%) 0.55% +0.357 pp 0.17% +0.118 pp USD13.35 +6.1% 7 qtrs
35 FMR LLC 629.1K +126.6K (+25.2%) 8.91M +2.1M (+30.9%) 0.51% +0.104 pp 0.00% +0.000 pp USD17.39 -18.6% 19 qtrs
36 JACOBS LEVY EQUITY MANAGEMENT, INC 604.5K +604.5K (+100.0%) 8.56M +8.6M (+100.0%) 0.49% +0.494 pp 0.03% +0.033 pp USD14.16 +0.0% 1 qtrs NEW
37 NORTH REEF CAPITAL MANAGEMENT LP 600.0K -50.0K (-7.7%) 8.50M -305.0K (-3.5%) 0.49% -0.041 pp 0.34% -0.070 pp USD17.20 -17.7% 6 qtrs
38 BARCLAYS PLC 597.3K +399.8K (+202.4%) 8.46M +5.2M (+161.3%) 0.49% +0.327 pp 0.00% +0.001 pp USD15.00 -5.6% 16 qtrs
39 NORWOOD INVESTMENT PARTNERS, LP 588.1K -272.4K (-31.7%) 8.33M -3.3M (-28.5%) 0.48% -0.222 pp 9.38% -0.644 pp USD16.00 -11.5% 6 qtrs
40 GOLDMAN SACHS GROUP INC 533.6K -269.1K (-33.5%) 7.56M -3.3M (-30.5%) 0.44% -0.219 pp 0.00% 0.000 pp USD20.69 -31.6% 19 qtrs
41 ALLIANCEBERNSTEIN L.P. 512.2K +365.4K (+249.0%) 7.25M +5.3M (+265.0%) 0.42% +0.299 pp 0.00% +0.002 pp USD18.34 -22.8% 18 qtrs
42 PRINCIPAL FINANCIAL GROUP INC 504.8K +173.4K (+52.3%) 7.15M +2.7M (+59.3%) 0.41% +0.142 pp 0.00% +0.001 pp USD13.75 +3.0% 2 qtrs
43 STIFEL FINANCIAL CORP 479.2K +479.2K (+100.0%) 6.79M +6.8M (+100.0%) 0.39% +0.391 pp 0.01% +0.006 pp USD14.16 +0.0% 1 qtrs NEW
44 FIRST EAGLE INVESTMENT MANAGEMENT, LLC 430.3K +162.3K (+60.6%) 6.09M +2.5M (+67.9%) 0.35% +0.133 pp 0.01% +0.004 pp USD13.28 +6.6% 3 qtrs
45 FIRST TRUST ADVISORS LP 422.2K +254.5K (+151.8%) 5.98M +3.7M (+163.4%) 0.34% +0.208 pp 0.00% +0.003 pp USD13.91 +1.8% 14 qtrs
46 AQR CAPITAL MANAGEMENT LLC 421.4K +236.4K (+127.8%) 5.97M +3.5M (+138.2%) 0.34% +0.193 pp 0.00% +0.002 pp USD13.36 +6.0% 4 qtrs
47 RENAISSANCE TECHNOLOGIES LLC 420.9K -141.3K (-25.1%) 5.96M -1.7M (-21.7%) 0.34% -0.115 pp 0.01% -0.001 pp USD13.63 +3.9% 16 qtrs
48 UBS ASSET MANAGEMENT AMERICAS INC 383.3K -11.6K (-2.9%) 5.43M +81.2K (+1.5%) 0.31% -0.009 pp 0.00% +0.000 pp USD18.01 -21.4% 15 qtrs
49 BRIDGEWATER ASSOCIATES, LP 377.9K +320.8K (+562.3%) 5.35M +4.6M (+592.6%) 0.31% +0.262 pp 0.02% +0.017 pp USD14.07 +0.6% 2 qtrs
50 BANK OF NEW YORK MELLON CORP 332.8K -31.3K (-8.6%) 4.71M -217.2K (-4.4%) 0.27% -0.025 pp 0.00% 0.000 pp USD27.99 -49.4% 19 qtrs
51 ABS DIRECT EQUITY FUND LLC 320.0K -5.0K (-1.5%) 4.53M +130.7K (+3.0%) 0.26% -0.004 pp 5.39% -0.902 pp USD11.31 +25.2% 4 qtrs
52 NEW YORK STATE COMMON RETIREMENT FUND 301.6K +— (+0.0%) 4.27M +187.0K (+4.6%) 0.25% +0.000 pp 0.01% +0.000 pp USD17.15 -17.4% 19 qtrs
53 CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. 299.2K -155.8K (-34.2%) 4.24M -1.9M (-31.2%) 0.24% -0.127 pp 0.01% -0.008 pp USD11.55 +22.6% 5 qtrs
54 STATE OF WISCONSIN INVESTMENT BOARD 280.4K +15.1K (+5.7%) 3.97M +377.9K (+10.5%) 0.23% +0.013 pp 0.01% +0.001 pp USD19.89 -28.8% 11 qtrs
55 ROCK CREEK GROUP, LP 100.0K -125.0K (-55.6%) 3.63M +581.5K (+19.1%) 0.08% -0.102 pp 0.41% +0.086 pp USD14.03 +0.9% 5 qtrs
56 SCHONFELD STRATEGIC ADVISORS LLC 255.1K +94.2K (+58.5%) 3.61M +1.4M (+65.7%) 0.21% +0.077 pp 0.02% +0.004 pp USD13.40 +5.7% 16 qtrs
57 BALYASNY ASSET MANAGEMENT L.P. 242.0K +242.0K (+100.0%) 3.43M +3.4M (+100.0%) 0.20% +0.198 pp 0.00% +0.004 pp USD14.16 +0.0% 9 qtrs
58 PALOGIC VALUE MANAGEMENT, L.P. 215.0K -68.0K (-24.0%) 3.04M -787.4K (-20.5%) 0.18% -0.055 pp 1.27% -0.271 pp USD14.35 -1.3% 9 qtrs
59 SWISS NATIONAL BANK 213.8K +4.6K (+2.2%) 3.03M +194.8K (+6.9%) 0.17% +0.004 pp 0.00% +0.000 pp USD25.63 -44.8% 15 qtrs
60 FEDERATED HERMES, INC. 210.8K +82.8K (+64.6%) 2.98M +1.3M (+72.2%) 0.17% +0.068 pp 0.01% +0.002 pp USD11.33 +25.0% 4 qtrs
61 RAYMOND JAMES FINANCIAL INC 199.5K -30.2K (-13.2%) 2.82M -285.5K (-9.2%) 0.16% -0.025 pp 0.00% 0.000 pp USD20.62 -31.3% 5 qtrs
62 TREXQUANT INVESTMENT LP 195.7K -425.3K (-68.5%) 2.77M -5.6M (-67.0%) 0.16% -0.347 pp 0.02% -0.062 pp USD16.59 -14.6% 9 qtrs
63 INVESCO LTD. 176.8K +27.3K (+18.3%) 2.50M +479.2K (+23.7%) 0.14% +0.022 pp 0.00% +0.000 pp USD22.59 -37.3% 18 qtrs
64 UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH 172.2K +128.7K (+296.0%) 2.44M +1.8M (+314.2%) 0.14% +0.105 pp 0.00% +0.003 pp USD14.00 +1.1% 2 qtrs
65 SUSQUEHANNA INTERNATIONAL GROUP, LLP 170.2K +36.0K (+26.8%) 2.41M +593.0K (+32.6%) 0.14% +0.030 pp 0.00% +0.000 pp USD12.84 +10.3% 16 qtrs
66 QUANTINNO CAPITAL MANAGEMENT LP 159.5K +146.8K (+1,158.2%) 2.26M +2.1M (+1,215.8%) 0.13% +0.120 pp 0.00% +0.004 pp USD14.11 +0.4% 2 qtrs
67 RHUMBLINE ADVISERS 158.4K -24.8K (-13.5%) 2.24M -237.8K (-9.6%) 0.13% -0.020 pp 0.00% 0.000 pp USD28.32 -50.0% 18 qtrs
68 BULLSEYE ASSET MANAGEMENT LLC 146.0K +— (+0.0%) 2.07M +91.0K (+4.6%) 0.12% +0.000 pp 1.11% +0.079 pp USD23.58 -39.9% 19 qtrs
69 TWO SIGMA INVESTMENTS, LP 142.6K -11.0 (0.0%) 2.02M +88.3K (+4.6%) 0.12% +0.000 pp 0.00% +0.000 pp USD12.95 +9.3% 4 qtrs
70 CIBC PRIVATE WEALTH GROUP, LLC 138.1K +45.6K (+49.3%) 1.96M +702.8K (+56.1%) 0.11% +0.037 pp 0.00% +0.001 pp USD13.74 +3.1% 8 qtrs
71 LEGAL & GENERAL GROUP PLC 137.1K -66.0 (0.0%) 1.94M +84.1K (+4.5%) 0.11% +0.000 pp 0.00% +0.000 pp USD25.28 -44.0% 19 qtrs
72 PENSERRA CAPITAL MANAGEMENT LLC 133.5K -13.1K (-8.9%) 1.89M -95.0K (-4.8%) 0.11% -0.011 pp 0.02% -0.001 pp USD9.50 +49.1% 4 qtrs
73 WELLS FARGO & COMPANY/MN 129.5K +55.8K (+75.6%) 1.83M +835.4K (+83.6%) 0.11% +0.046 pp 0.00% +0.000 pp USD18.07 -21.6% 19 qtrs
74 AMERICAN CENTURY COMPANIES INC 125.3K -9.3K (-6.9%) 1.77M -48.0K (-2.6%) 0.10% -0.008 pp 0.00% +0.000 pp USD12.95 +9.3% 5 qtrs
75 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 124.0K -2.7K (-2.1%) 1.76M +40.7K (+2.4%) 0.10% -0.002 pp 0.00% 0.000 pp USD15.86 -10.7% 7 qtrs
76 PRICE T ROWE ASSOCIATES INC /MD/ 118.1K +12.8K (+12.1%) 1.67M +246.0K (+17.2%) 0.10% +0.011 pp 0.00% +0.000 pp USD21.03 -32.7% 19 qtrs
77 ADVISORY RESEARCH INC 109.9K -6.4K (-5.5%) 1.56M -18.5K (-1.2%) 0.09% -0.005 pp 0.20% -0.011 pp USD13.54 +4.6% 2 qtrs
78 VERITION FUND MANAGEMENT LLC 108.1K +12.6K (+13.2%) 1.53M +237.3K (+18.4%) 0.09% +0.010 pp 0.01% +0.001 pp USD12.23 +15.8% 7 qtrs
79 NORGES BANK 106.2K +106.2K (+100.0%) 1.50M +1.5M (+100.0%) 0.09% +0.087 pp 0.00% +0.000 pp USD14.16 +0.0% 1 qtrs NEW
80 QUEST PARTNERS LLC 105.4K +83.1K (+372.4%) 1.49M +1.2M (+394.1%) 0.09% +0.068 pp 0.08% +0.064 pp USD13.63 +3.9% 9 qtrs
81 LPL FINANCIAL LLC 103.5K +60.5K (+140.8%) 1.47M +883.9K (+151.8%) 0.08% +0.050 pp 0.00% +0.000 pp USD15.25 -7.1% 13 qtrs
82 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 103.0K -103.0 (-0.1%) 1.46M +62.4K (+4.5%) 0.08% +0.000 pp 0.00% +0.000 pp USD28.84 -50.9% 18 qtrs
83 DEUTSCHE BANK AG\ 101.0K -244.2K (-70.7%) 1.43M -3.2M (-69.4%) 0.08% -0.199 pp 0.00% -0.001 pp USD16.66 -15.0% 18 qtrs
84 CITIGROUP INC 100.8K +87.0K (+628.8%) 1.43M +1.2M (+662.1%) 0.08% +0.071 pp 0.00% +0.001 pp USD14.36 -1.4% 18 qtrs
85 RUSSELL INVESTMENTS GROUP, LTD. 97.2K +87.0K (+851.7%) 1.38M +1.2M (+895.3%) 0.08% +0.071 pp 0.00% +0.001 pp USD14.33 -1.2% 14 qtrs
86 LANE GENERATIONAL LLC 95.2K -214.0 (-0.2%) 1.35M +56.2K (+4.3%) 0.08% 0.000 pp 1.22% +0.149 pp USD13.54 +4.6% 2 qtrs
87 JPMORGAN CHASE & CO 89.5K +77.0 (+0.1%) 1.27M +56.5K (+4.7%) 0.07% +0.000 pp 0.00% +0.000 pp USD20.10 -29.6% 19 qtrs
88 COMERICA BANK 82.1K -9.5K (-10.3%) 1.16M -77.4K (-6.2%) 0.07% -0.008 pp 0.00% +0.000 pp USD13.59 +4.2% 10 qtrs
89 SG AMERICAS SECURITIES, LLC 78.2K +29.4K (+60.1%) 1.11M +446.0K (+67.5%) 0.06% +0.024 pp 0.00% -0.001 pp USD14.45 -2.0% 14 qtrs
90 TEACHER RETIREMENT SYSTEM OF TEXAS 77.4K -13.6K (-15.0%) 1.10M -136.2K (-11.1%) 0.06% -0.011 pp 0.00% -0.001 pp USD15.65 -9.5% 5 qtrs
91 EDGESTREAM PARTNERS, L.P. 76.1K +76.1K (+100.0%) 1.08M +1.1M (+100.0%) 0.06% +0.062 pp 0.03% +0.030 pp USD14.16 +0.0% 1 qtrs NEW
92 GOTHAM ASSET MANAGEMENT, LLC 71.3K +51.3K (+257.2%) 1.01M +739.2K (+273.5%) 0.06% +0.042 pp 0.00% +0.003 pp USD13.99 +1.2% 2 qtrs
93 WAVERLY ADVISORS, LLC 68.4K +68.4K (+100.0%) 968.2K +968.2K (+100.0%) 0.06% +0.056 pp 0.01% +0.008 pp USD14.16 +0.0% 1 qtrs NEW
94 SEI INVESTMENTS CO 68.1K +6.4K (+10.3%) 964.0K +128.6K (+15.4%) 0.06% +0.005 pp 0.00% +0.000 pp USD19.96 -29.1% 15 qtrs
95 CREATIVE PLANNING 66.4K +7.3K (+12.3%) 939.8K +139.9K (+17.5%) 0.05% +0.006 pp 0.00% +0.000 pp USD12.47 +13.6% 7 qtrs
96 METLIFE INVESTMENT MANAGEMENT, LLC 66.0K -6.9K (-9.5%) 934.6K -52.4K (-5.3%) 0.05% -0.006 pp 0.00% 0.000 pp USD28.68 -50.6% 18 qtrs
97 IEQ CAPITAL, LLC 59.4K +36.1K (+155.2%) 841.4K +526.1K (+166.9%) 0.05% +0.030 pp 0.00% +0.002 pp USD13.92 +1.7% 2 qtrs
98 WINTON GROUP LTD 57.9K +57.9K (+100.0%) 819.2K +819.2K (+100.0%) 0.05% +0.047 pp 0.03% +0.028 pp USD14.16 +0.0% 1 qtrs NEW
99 STATE OF WYOMING 57.1K +32.5K (+131.8%) 808.8K +475.2K (+142.4%) 0.05% +0.027 pp 0.09% +0.051 pp USD14.99 -5.5% 18 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 111 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Fidelity Crypto Industry and Digital Payments ETF FDIG 1.31% 3.46M 0.39%
2 Inspire Fidelis Multi Factor ETF FDLS 1.08% 2.50M 0.66%
3 Amplify Digital Payments ETF IPAY 1.07% 1.66M 0.75%
4 First Trust Multi-Manager Small Cap Opportunities ETF MMSC 0.40% 214.0K 0.95%
5 First Trust Small Cap BuyWrite Income ETF FTKI 0.40% 100.3K 0.86%
6 Global X - FinTech ETF FINX 0.38% 657.1K 0.68%
7 First Trust Small Cap Core AlphaDEX Fund FYX 0.26% 3.48M 0.58%
8 Fidelity Enhanced Small Cap ETF FESM 0.23% 13.12M 0.28%
9 Franklin U.S. Small Cap Multifactor Index ETF FLQS 0.22% 114.3K 0.35%
10 Principal U.S. Small-Cap Multi-Factor ETF PSC 0.20% 2.64M 0.38%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
1
Shares acquired
Shares disposed
30.0K
Cash buys
Cash sales
1.00
Net activity
-30,000
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
2026-04-21 Pitigoi Cosmin Officer S-Sale D Voting Common Stock 30,000 14.00 420.0K 932,138 D
2026-03-31 King David R. Officer M-Exempt A Voting Common Stock 8,000 3.95 31.6K 1,100,680 D
2026-03-30 Butterfield Peter Officer M-Exempt A Voting Common Stock 140,000 0.59 82.6K 672,962 D
2026-03-25 Katziff Christine Director A-Award A Voting Common Stock 28,225 0.00 28,225 D
2026-03-16 Massaro Michael Director / Officer M-Exempt A Voting Common Stock 14,087 3.95 55.6K 2,816,035 D
2026-03-05 Butterfield Peter Officer S-Sale D Voting Common Stock 9,009 13.05 117.5K 532,962 D
2026-03-02 Pitigoi Cosmin Officer F-InKind D Voting Common Stock 39,722 12.43 493.7K 962,138 D
2026-03-02 Orgel Rob Officer F-InKind D Voting Common Stock 64,512 12.43 801.9K 1,138,041 D
2026-03-02 Massaro Michael Director / Officer F-InKind D Voting Common Stock 105,021 12.43 1.31M 2,801,948 D
2026-03-02 King David R. Officer F-InKind D Voting Common Stock 34,811 12.43 432.7K 1,092,680 D
2026-03-02 Kansal Mohit Officer F-InKind D Voting Common Stock 20,181 0.00 583,895 D
2026-03-02 Butterfield Peter Officer F-InKind D Voting Common Stock 14,121 12.43 175.5K 541,971 D
2026-03-01 Kansal Mohit Officer Stock Option (right to buy) 11,989 3.95 47.4K 0 D
2026-02-24 Pitigoi Cosmin Officer A-Award A Voting Common Stock 362,318 0.00 1,001,860 D
2026-02-24 Orgel Rob Officer A-Award A Voting Common Stock 362,318 0.00 1,202,553 D
2026-02-24 Massaro Michael Director / Officer A-Award A Voting Common Stock 751,811 0.00 3,056,969 D
2026-02-24 King David R. Officer A-Award A Voting Common Stock 244,565 0.00 1,127,491 D
2026-02-24 Butterfield Peter Officer A-Award A Voting Common Stock 181,159 0.00 556,092 D
2026-02-23 Blanc Patrick 0 0.00 0
2026-02-13 Voss Capital, LP 10% Owner P-Purchase A Voting common stock, $0.0001 par value per share 25,000 10.99 274.8K 2,300,000 I
2026-01-07 Riese Phillip John Director M-Exempt A Voting Common Stock 16,612 0.59 9.8K 251,105 D
2026-01-07 Butterfield Peter Officer S-Sale D Voting Common Stock 13,327 15.01 200.1K 374,933 D
2025-12-31 Voss Capital, LP 10% Owner P-Purchase A Voting common stock, $0.0001 par value per share 44,991 14.23 640.4K 9,670,000 I
2025-12-30 Voss Capital, LP 10% Owner Voting common stock, $0.0001 par value per share 0 0.00 9,443,888 I
2025-12-30 Butterfield Peter Officer M-Exempt D Stock Option (right to buy) 5,950 0.59 3.5K 140,000 D
2025-12-24 Massaro Michael Director / Officer G-Gift D Voting Common Stock 465,043 0.00 192,193 I
2025-12-23 Riese Phillip John Director S-Sale D Voting Common Stock 367 15.00 5.5K 234,493 D
2025-12-09 Butterfield Peter Officer S-Sale D Voting Common Stock 8,120 13.69 111.2K 382,310 D
2025-12-01 Pitigoi Cosmin Officer F-InKind D Voting Common Stock 13,340 13.78 183.8K 639,542 D
2025-12-01 Orgel Rob Officer F-InKind D Voting Common Stock 14,332 13.78 197.5K 838,992 D
2025-12-01 Massaro Michael Director / Officer F-InKind D Voting Common Stock 26,514 13.78 365.4K 1,838,872 D
2025-12-01 King David R. Officer F-InKind D Voting Common Stock 10,725 13.78 147.8K 881,683 D
2025-12-01 Butterfield Peter Officer F-InKind D Voting Common Stock 4,524 13.78 62.3K 388,998 D
2025-11-05 Riese Phillip John Director M-Exempt A Voting Common Stock 100 0.59 59.00 234,593 D
2025-11-05 Butterfield Peter Officer S-Sale D Voting Common Stock 1,000 15.00 15.0K 393,522 D
2025-09-08 Butterfield Peter Officer S-Sale D Voting Common Stock 9,563 13.15 125.7K 394,522 D
2025-09-02 Pitigoi Cosmin Officer F-InKind D Voting Common Stock 13,340 13.13 175.2K 652,882 D
2025-09-02 Orgel Rob Officer F-InKind D Voting Common Stock 14,332 13.13 188.2K 853,324 D
2025-09-02 Massaro Michael Director / Officer F-InKind D Voting Common Stock 26,514 13.13 348.1K 1,865,386 D
2025-09-02 King David R. Officer F-InKind D Voting Common Stock 10,725 13.13 140.8K 892,408 D
2025-09-02 Butterfield Peter Officer F-InKind D Voting Common Stock 3,081 13.13 40.5K 404,085 D
2025-06-09 Butterfield Peter Officer S-Sale D Voting Common Stock 9,563 10.27 98.2K 407,166 D
2025-06-06 Santos Edwin J Director S-Sale D Voting Common Stock 5,000 10.50 52.5K 16,990 D
2025-06-05 Santos Edwin J Director S-Sale D Voting Common Stock 5,466 10.04 54.9K 21,990 D
2025-06-03 Santos Edwin J Director A-Award A Voting Common Stock 16,990 0.00 27,456 D
2025-06-03 Riese Phillip John Director A-Award A Voting Common Stock 16,990 0.00 234,493 D
2025-06-03 Offereins Diane E Director A-Award A Voting Common Stock 16,990 0.00 47,219 D
2025-06-03 Jaques Carleigh Director A-Award A Voting Common Stock 16,990 0.00 32,594 D
2025-06-03 Howard Gretchen Director A-Award A Voting Common Stock 16,990 0.00 47,760 D
2025-06-03 Harris Matthew C Director A-Award A Voting Common Stock 16,990 0.00 27,456 D
2025-06-03 Finkelstein Alex Director A-Award A Voting Common Stock 16,990 0.00 259,273 D
2025-06-02 Pitigoi Cosmin Officer F-InKind D Voting Common Stock 13,339 10.79 143.9K 666,222 D
2025-06-02 Orgel Rob Officer F-InKind D Voting Common Stock 13,768 10.79 148.6K 867,656 D
2025-06-02 Massaro Michael Director / Officer F-InKind D Voting Common Stock 26,514 10.79 286.1K 1,891,900 D
2025-06-02 King David R. Officer F-InKind D Voting Common Stock 7,093 10.79 76.5K 903,133 D
2025-06-02 Butterfield Peter Officer F-InKind D Voting Common Stock 3,080 10.79 33.2K 416,729 D
2025-03-13 Pitigoi Cosmin Officer A-Award A Voting Common Stock 334,928 0.00 679,561 D
2025-03-13 Orgel Rob Officer A-Award A Voting Common Stock 444,976 0.00 881,424 D
2025-03-13 Massaro Michael Director / Officer A-Award A Voting Common Stock 765,550 0.00 1,918,414 D
2025-03-13 King David R. Officer A-Award A Voting Common Stock 306,220 0.00 900,657 D
2025-03-13 Butterfield Peter Officer A-Award A Voting Common Stock 172,248 0.00 419,809 D
2025-03-10 Butterfield Peter Officer S-Sale D Voting Common Stock 5,523 10.08 55.7K 247,561 D
2025-03-03 Pitigoi Cosmin Officer F-InKind D Voting Common Stock 49,495 10.76 532.6K 344,633 D
2025-03-03 Orgel Rob Officer F-InKind D Voting Common Stock 29,514 10.76 317.6K 436,448 D
2025-03-03 Massaro Michael Director / Officer F-InKind D Voting Common Stock 54,145 10.76 582.6K 1,152,864 D
2025-03-03 King David R. Officer F-InKind D Voting Common Stock 15,412 10.76 165.8K 594,437 D
2025-03-03 Butterfield Peter Officer M-Exempt D Employee Stock Option (right to buy) 90 0.35 31.77 0 D
2025-02-28 Massaro Michael Director / Officer M-Exempt A Voting Common Stock 41,587 3.95 164.3K 1,207,009 D
2025-02-27 Howard Gretchen Director P-Purchase A Voting Common Stock 8,889 10.94 97.2K 30,770 D
2024-12-23 Massaro Michael Director / Officer G-Gift D Voting Common Stock 657,236 0.00 1,058,256 D
2024-12-10 Butterfield Peter Officer S-Sale D Voting Common Stock 4,760 20.68 98.4K 259,585 D
2024-12-09 Harris Matthew C Director A-Award A Voting Common Stock 10,466 0.00 10,466 D
2024-12-02 Orgel Rob Officer F-InKind D Voting Common Stock 8,344 23.14 193.1K 465,304 D
2024-12-02 Massaro Michael Director / Officer F-InKind D Voting Common Stock 16,213 23.14 375.2K 1,715,492 D
2024-12-02 King David R. Officer F-InKind D Voting Common Stock 6,831 23.14 158.1K 609,849 D
2024-12-02 Butterfield Peter Officer F-InKind D Voting Common Stock 3,090 23.14 71.5K 264,345 D
2024-11-19 Jaques Carleigh Director A-Award A Voting Common Stock 15,604 0.00 15,604 D
2024-09-09 Butterfield Peter Officer S-Sale D Voting Common Stock 4,747 17.29 82.1K 267,435
2024-09-05 Orgel Rob Officer S-Sale D Voting Common Stock 3,824 17.31 66.2K 473,648
2024-09-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 7,646 17.31 132.4K 1,731,705
2024-09-05 King David R. Officer S-Sale D Voting Common Stock 3,504 17.31 60.7K 616,680
2024-09-05 Butterfield Peter Officer S-Sale D Voting Common Stock 1,335 17.31 23.1K 272,182
2024-09-03 Orgel Rob Officer S-Sale D Voting Common Stock 4,552 18.04 82.1K 477,472
2024-09-03 Massaro Michael Director / Officer S-Sale D Voting Common Stock 8,629 18.04 155.7K 1,739,351
2024-09-03 King David R. Officer S-Sale D Voting Common Stock 3,353 18.04 60.5K 620,184
2024-09-03 Butterfield Peter Officer S-Sale D Voting Common Stock 1,769 18.04 31.9K 273,517
2024-08-09 Butterfield Peter Officer S-Sale D Voting Common Stock 5,921 18.21 107.8K 275,286
2024-08-08 Santos Edwin J Director S-Sale D Voting Common Stock 10,448 18.58 194.1K 10,466
2024-07-12 King David R. Officer M-Exempt A Voting Common Stock 3,750 3.95 14.8K 623,537
2024-06-05 Orgel Rob Officer S-Sale D Voting Common Stock 3,815 16.69 63.7K 481,396
2024-06-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 7,631 16.69 127.4K 1,746,882
2024-06-05 King David R. Officer S-Sale D Voting Common Stock 3,496 16.69 58.4K 618,689
2024-06-05 Butterfield Peter Officer S-Sale D Voting Common Stock 824 16.69 13.8K 280,657
2024-06-04 Santos Edwin J Director A-Award A Voting Common Stock 10,466 0.00 20,914
2024-06-04 Riese Phillip John Director A-Award A Voting Common Stock 10,466 0.00 217,503
2024-06-04 Offereins Diane E Director A-Award A Voting Common Stock 10,466 0.00 30,229
2024-06-04 Howard Gretchen Director A-Award A Voting Common Stock 10,466 0.00 21,881
2024-06-04 Finkelstein Alex Director A-Award A Voting Common Stock 10,466 0.00 242,283
2024-06-03 Orgel Rob Officer S-Sale D Voting Common Stock 4,589 16.95 77.8K 485,211
2024-06-03 Massaro Michael Director / Officer S-Sale D Voting Common Stock 8,698 16.95 147.4K 1,754,513
2024-06-03 King David R. Officer S-Sale D Voting Common Stock 3,381 16.95 57.3K 622,185
2024-06-03 Butterfield Peter Officer S-Sale D Voting Common Stock 1,104 16.95 18.7K 281,481
2024-05-17 Orgel Rob Officer M-Exempt A Voting Common Stock 25,337 3.95 100.1K 489,800
2024-05-10 Butterfield Peter Officer M-Exempt D Stock Option (right to buy) 84,452 0.35 29.8K 90
2024-05-08 King David R. Officer M-Exempt A Voting Common Stock 7,500 3.95 29.6K 625,566
2024-05-03 Massaro Michael Director / Officer M-Exempt D Employee Stock Option (right to buy) 107,538 0.35 37.6K 0
2024-04-03 Massaro Michael Director / Officer S-Sale D Voting Common Stock 13,043 24.07 314.0K 1,655,673
2024-03-20 Massaro Michael Director / Officer S-Sale D Voting Common Stock 16,828 25.06 421.7K 1,668,716
2024-03-19 Massaro Michael Director / Officer S-Sale D Voting Common Stock 49,844 25.11 1.25M 1,685,544
2024-03-13 Riese Phillip John Director S-Sale D Voting Common Stock 25,000 26.21 655.1K 207,037
2024-03-12 Riese Phillip John Director S-Sale D Voting Common Stock 50,000 26.41 1.32M 232,037
2024-03-11 Riese Phillip John Director S-Sale D Voting Common Stock 49,159 26.35 1.30M 282,878
2024-03-08 Riese Phillip John Director M-Exempt A Voting Common Stock 240,000 0.20 48.0K 332,037
2024-03-08 Butterfield Peter Officer S-Sale D Voting Common Stock 15,720 26.63 418.6K 198,133
2024-03-05 Orgel Rob Officer S-Sale D Voting Common Stock 3,822 27.18 103.9K 464,463
2024-03-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 7,644 27.18 207.7K 1,735,388
2024-03-05 King David R. Officer S-Sale D Voting Common Stock 3,502 27.18 95.2K 618,066
2024-03-05 Butterfield Peter Officer S-Sale D Voting Common Stock 825 27.18 22.4K 213,853
2024-03-04 Pitigoi Cosmin Officer A-Award A Voting Common Stock 394,128 0.00 394,128
2024-03-04 Orgel Rob Officer S-Sale D Voting Common Stock 17,150 27.30 468.2K 468,285
2024-03-04 Massaro Michael Director / Officer S-Sale D Voting Common Stock 28,822 27.30 786.8K 1,743,032
2024-03-04 King David R. Officer S-Sale D Voting Common Stock 9,366 27.30 255.7K 621,568
2024-03-04 Butterfield Peter Officer S-Sale D Voting Common Stock 4,730 27.30 129.1K 214,678
2024-03-02 Orgel Rob Officer A-Award A Voting Common Stock 198,129 0.00 485,435
2024-03-02 Massaro Michael Director / Officer A-Award A Voting Common Stock 340,867 0.00 1,771,854
2024-03-02 King David R. Officer A-Award A Voting Common Stock 140,608 0.00 630,934
2024-03-02 Butterfield Peter Officer A-Award A Voting Common Stock 76,695 0.00 219,408
2024-02-28 Butterfield Peter Officer M-Exempt A Voting Common Stock 4,500 3.95 17.8K 147,213
2024-02-15 Ellis Michael G Officer M-Exempt D Stock Option (right to buy) 3,500 3.95 13.8K 86,500
2024-01-16 Ellis Michael G Officer M-Exempt A Voting Common Stock 3,500 3.95 13.8K 340,818
2024-01-03 King David R. Officer M-Exempt A Voting Common Stock 17,156 3.95 67.8K 490,326
2023-12-14 Massaro Michael Director / Officer F-InKind D Voting Common Stock 20,268 23.33 472.9K 1,062,455
2023-12-08 Orgel Rob Officer M-Exempt D Stock Option (right to buy) 30,272 3.30 99.9K 384,452
2023-12-08 Butterfield Peter Officer M-Exempt A Voting Common Stock 125 3.95 493.33 144,493
2023-12-06 Ellis Michael G Officer S-Sale D Voting Common Stock 3,394 23.16 78.6K 337,004
2023-12-05 Orgel Rob Officer S-Sale D Voting Common Stock 3,839 23.40 89.8K 256,590
2023-12-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 7,679 23.40 179.7K 947,970
2023-12-05 King David R. Officer S-Sale D Voting Common Stock 3,518 23.40 82.3K 473,170
2023-12-05 Ellis Michael G Officer S-Sale D Voting Common Stock 2,232 23.40 52.2K 340,398
2023-12-05 Butterfield Peter Officer S-Sale D Voting Common Stock 1,339 23.40 31.3K 144,368
2023-12-01 Ellis Michael G Officer M-Exempt A Voting Common Stock 5,000 3.95 19.8K 347,630
2023-11-16 King David R. Officer M-Exempt A Voting Common Stock 15,000 3.95 59.3K 476,688
2023-11-15 Ellis Michael G Officer M-Exempt A Voting Common Stock 5,000 3.95 19.8K 347,630
2023-11-14 King David R. Officer M-Exempt A Voting Common Stock 7,888 3.95 31.2K 461,688
2023-11-13 King David R. Officer M-Exempt A Voting Common Stock 15,681 3.95 61.9K 453,800
2023-11-09 Finkelstein Alex Director J-Other D Voting Common Stock 27,309 0.00 0
2023-11-09 Ellis Michael G Officer M-Exempt D Stock Option (right to buy) 101,729 0.35 35.9K 0
2023-10-27 King David R. Officer M-Exempt A Voting Common Stock 9,900 3.95 39.1K 438,119
2023-10-18 Massaro Michael Director / Officer S-Sale D Voting Common Stock 10,749 29.03 312.0K 955,649
2023-10-18 Butterfield Peter Officer S-Sale D Voting Common Stock 11,132 28.59 318.3K 146,245
2023-10-17 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 29.00 332.2K 966,398
2023-10-13 Ellis Michael G Officer M-Exempt A Voting Common Stock 10,000 3.95 39.5K 250,719
2023-10-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 29.76 340.9K 977,855
2023-10-04 Massaro Michael Director / Officer S-Sale D Voting Common Stock 600 30.30 18.2K 989,312
2023-09-19 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 30.20 346.0K 1,000,769
2023-09-19 Howard Gretchen 0 0.00 0
2023-09-18 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 30.93 354.3K 1,012,226
2023-09-15 Ellis Michael G Officer M-Exempt A Voting Common Stock 6,500 3.95 25.7K 247,219
2023-09-06 Orgel Rob Officer S-Sale D Voting Common Stock 39,005 33.12 1.29M 260,429
2023-09-06 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 33.40 382.7K 1,023,683
2023-09-06 Ellis Michael G Officer S-Sale D Voting Common Stock 3,375 33.54 113.2K 240,719
2023-09-05 Orgel Rob Officer S-Sale D Voting Common Stock 3,871 33.78 130.8K 264,434
2023-09-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 33.82 387.5K 1,035,140
2023-09-05 King David R. Officer S-Sale D Voting Common Stock 3,548 33.75 119.7K 428,219
2023-09-05 Ellis Michael G Officer S-Sale D Voting Common Stock 2,251 33.75 76.0K 244,094
2023-09-05 Butterfield Peter Officer M-Exempt D Stock Option (right to buy) 8,769 3.95 34.6K 85,464 D
2023-08-30 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 32.99 377.9K 1,054,339
2023-08-29 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 31.95 366.0K 1,065,796
2023-08-21 Butterfield Peter Officer M-Exempt D Stock Option (right to buy) 40,000 0.35 14.1K 84,542
2023-08-18 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 30.27 346.8K 1,077,253
2023-08-18 Butterfield Peter Officer M-Exempt A Voting Common Stock 11,232 3.95 44.3K 120,753
2023-08-17 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 30.70 351.8K 1,088,710
2023-08-15 Ellis Michael G Officer M-Exempt A Voting Common Stock 75,000 3.95 296.3K 321,345
2023-08-09 King David R. Officer S-Sale D Voting Common Stock 2,450 35.55 87.1K 276,204
2023-08-01 Massaro Michael Director / Officer M-Exempt D Stock Option (right to buy) 35,750 3.28 117.3K 758,258
2023-07-27 Riese Phillip John Director M-Exempt A Voting Common Stock 70,096 0.18 12.6K 92,037
2023-07-18 Butterfield Peter Officer M-Exempt A Voting Common Stock 7,862 3.95 31.0K 120,753
2023-07-17 King David R. Officer S-Sale D Voting Common Stock 50,000 33.55 1.68M 278,654
2023-07-13 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 30.96 354.7K 1,063,373
2023-07-12 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 29.84 341.9K 1,074,830
2023-07-12 Ellis Michael G Officer S-Sale D Voting Common Stock 12,000 30.26 363.2K 226,459
2023-07-05 Orgel Rob Officer S-Sale D Voting Common Stock 19,021 29.67 564.3K 267,919
2023-07-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 29.93 342.9K 1,093,909
2023-07-03 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 30.92 354.3K 1,105,366
2023-06-16 Harris Matthew C Director S-Sale D Voting Common Stock 50,410 31.86 1.61M 0
2023-06-14 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 31.26 358.2K 1,116,823
2023-06-14 Harris Matthew C Director J-Other D Voting Common Stock 3,553,002 0.00 242,386
2023-06-13 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 32.31 370.2K 1,128,280
2023-06-13 King David R. Officer S-Sale D Voting Common Stock 47,804 32.53 1.55M 328,654
2023-06-12 King David R. Officer S-Sale D Voting Common Stock 1,200 32.51 39.0K 376,458
2023-06-12 Ellis Michael G Officer M-Exempt A Voting Common Stock 7,807 3.28 25.6K 239,891
2023-06-09 King David R. Officer S-Sale D Voting Common Stock 996 32.51 32.4K 377,658
2023-06-06 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 31.18 357.3K 1,139,737
2023-06-05 Santos Edwin J Director S-Sale D Voting Common Stock 4,861 30.99 150.6K 10,448
2023-06-05 Orgel Rob Officer S-Sale D Voting Common Stock 3,811 31.30 119.3K 271,940
2023-06-05 Massaro Michael Director / Officer S-Sale D Voting Common Stock 11,457 31.04 355.6K 1,151,194
2023-06-05 King David R. Officer S-Sale D Voting Common Stock 3,111 31.30 97.4K 430,723
2023-06-05 Ellis Michael G Officer S-Sale D Voting Common Stock 2,216 31.30 69.4K 226,459
2023-06-05 Butterfield Peter Officer S-Sale D Voting Common Stock 11,232 31.34 352.0K 113,852
2023-06-04 Santos Edwin J Director A-Award A Voting Common Stock 5,587 0.00 15,309

Executive team

Top executives
EBIT / Employee
15.7K
Shares Outstanding
119.33M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Michael Massaro Chief Executive Officer 450.0K 7.73M 610.0K 11.4K 8.80M 87.83%
2 2025 Robert Orgel President and Chief Operating Officer 350.0K 4.49M 366.0K 7.2K 5.22M 86.14%
3 2025 Cosmin Pitigoi Chief Financial Officer 410.0K 3.38M 366.0K 3.9K 4.16M 81.26%
4 2025 David King Chief Product Officer & Co-President of Global Education 310.0K 3.19M 244.0K 3.3K 3.75M 85.13%
5 2025 Peter Butterfield General Counsel and Chief Compliance Officer 310.0K 1.74M 244.0K 10.7K 2.30M 75.50%
6 2024 Cosmin Pitigoi Chief Financial Officer 340.4K 10.75M 133.8K 55.1K 11.28M 95.31%
7 2024 Michael Massaro Chief Executive Officer 450.0K 9.30M 241.8K 11.6K 10.00M 92.97%
8 2024 Robert Orgel President and Chief Operating Officer 350.0K 5.40M 120.9K 7.7K 5.88M 91.86%
9 2024 David King Chief Product Officer & Co-President of Global Education 310.0K 3.83M 80.6K 10.5K 4.24M 90.53%
10 2024 David King Chief Technology Officer 310.0K 3.83M 80.6K 10.5K 4.24M 90.53%
11 2024 Peter Butterfield General Counsel and Chief Compliance Officer 310.0K 2.09M 80.6K 10.5K 2.49M 83.91%
12 2024 David King Chief Technology Officer Michael Ellis former Chief Financial Officer 87.5K 731.1K 600.9K 341.8K 1.76M 75.63%
13 2023 Michael Massaro Chief Executive Officer 450.0K 7.63M 585.0K 11.1K 8.67M 87.94%
14 2023 Robert Orgel President and Chief Operating Officer 350.0K 4.02M 293.0K 8.8K 4.68M 86.06%
15 2023 David King Chief Technology Officer Michael Ellis former Chief Financial Officer 325.0K 3.08M 335.1K 293.0K 10.2K 4.04M 84.46%
16 2023 David King Chief Technology Officer 300.0K 3.24M 195.0K 10.1K 3.74M 86.50%
17 2023 David King Chief Product Officer & Co-President of Global Education 300.0K 3.24M 195.0K 10.1K 3.74M 86.50%
18 2023 Michael Ellis Former Chief Financial Officer 325.0K 2.71M 293.0K 9.1K 3.34M 81.20%
19 2023 Peter Butterfield General Counsel and Chief Compliance Officer 300.0K 1.92M 195.0K 10.6K 2.43M 79.16%
20 2022 Michael Massaro Chief Executive Officer 450.0K 6.38M 226.2K 10.3K 7.07M 90.29%
21 2022 Robert Orgel President and Chief Operating Officer 350.0K 3.19M 195.8K 10.3K 3.75M 85.16%
22 2022 David King Chief Technology Officer 294.8K 3.19M 132.5K 7.8K 3.63M 88.00%
23 2022 David King Chief Technology Officer Michael Ellis former Chief Financial Officer 319.8K 2.28M 203.2K 10.3K 2.81M 81.05%
24 2022 Michael Ellis Chief Financial Officer 319.8K 2.28M 203.2K 9.2K 2.81M 81.08%
25 2022 Michael Ellis Former Chief Financial Officer 319.8K 2.28M 203.2K 9.2K 2.81M 81.08%
26 2022 Sharon Butler Executive Vice President of Global Education 294.8K 1.82M 213.2K 9.2K 2.34M 77.91%
27 2021 Michael Massaro Chief Executive Officer and Director 450.0K 4.05M 257.6K 9.8K 5.06M 80.07%
28 2021 Michael Massaro Chief Executive Officer 450.0K 4.05M 257.6K 8.8K 4.77M 84.98%
29 2021 Robert Orgel President and Chief Operating Officer 347.9K 3.04M 189.7K 8.8K 3.59M 84.76%
30 2021 Michael Ellis Former Chief Financial Officer 297.5K 1.32M 162.6K 8.8K 1.79M 73.75%
31 2021 Michael Ellis Chief Financial Officer 297.5K 1.32M 162.6K 8.8K 1.79M 73.75%
32 2020 Michael Massaro Chief Executive Officer and Director 425.0K 189.0K 9.8K 623.8K 0.00%
33 2020 Robert Orgel President and Chief Operating Officer 325.0K 162.8K 487.8K 0.00%
34 2020 Michael Ellis Chief Financial Officer 270.0K 92.3K 7.8K 370.1K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-04-23 DEFA14A
2026-04-23 DEF 14A
2025-04-22 DEFA14A
2025-04-22 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-05 8-K
2026-04-23 DEFA14A
2026-04-23 DEF 14A
2026-04-23 ARS
2026-04-23 4
2026-04-22 SC 13G/A
2026-04-02 4
2026-04-01 4
2026-03-27 4
2026-03-27 3

Executive team

NameTitleCompensationGender
Michael Massaro Chief Executive Officer & Director 1M male
Cosmin Pitigoi Chief Financial Officer 779.9K male
Robert Orgel President & Chief Operating Officer 723.2K male
Peter Butterfield General Counsel & Chief Compliance Officer 564.7K male
David R. King Chief Product Officer & Co-President of Global Education 557.3K male
Sharon Butler Co-President of Global Education 517.2K female
Patrick Blanc Chief Technology Officer 401.1K male
John Talaga Executive Vice President of Healthcare male
Mohit Kansal Chief Payments Officer male
Nicole James Chief People Officer female
Colin Smyth Senior Vice President & GM of Travel male
Barbara Cousins Chief Information Officer, CISO & Head of Internal Audit female
ESG Rating
B
INFORMATION TECHNOLOGY SERVICES
2026
E (Environmental)
89.5 / 65.1
Company / Sector avg.
S (Social)
72.7 / 65.3
Company / Sector avg.
G (Governance)
87.3 / 67.4
Company / Sector avg.
ESG Total
83.2 / 65.9
Company / Sector avg.
ESG Score History INFORMATION TECHNOLOGY SERVICES
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
2025-04-17 2025-05-07 Gilbert Cisneros CA31 Sale $1,001 - $15,000
2025-03-19 2025-04-11 Josh Gottheimer NJ05 Joint Sale $1,001 - $15,000
2024-07-19 2024-08-15 Josh Gottheimer NJ05 Joint Purchase $1,001 - $15,000
2024-06-18 2024-07-09 Josh Gottheimer NJ05 Joint Sale $1,001 - $15,000
2022-11-14 2022-12-17 Josh Gottheimer NJ05 Joint Purchase $1,001 - $15,000
2022-09-27 2022-10-16 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