ATRC AtriCure, Inc. - Common Stock

NASDAQ · Health Care · View on SEC EDGAR ↗
$46.10
Price · Aug 18, 2026
Fundamentals as of Jul 27, 2026

About AtriCure, Inc. - Common Stock Company overview from Wikipedia

ATRC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$46.10
Market Cap
$2.30B
P/E (TTM)
-192.1
EPS (TTM)
$-0.24
Revenue (TTM)
$535M
Div Yield
ROE
-2.4%
Debt/Equity
0.1
52W Range
$25 – $46

ATRC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $535M
10-point trend, +244.6%
2016-12-31 2025-12-31
EPS $-0.24
7-point trend, +74.5%
2019-12-31 2025-12-31
Free Cash Flow $48M
10-point trend, +311.7%
2016-12-31 2025-12-31
Margins -2.1%
10-point trend, +4.7%
2016-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
ATRC
Peer Median
P/E (TTM)
5-point trend, -358.4%
-192.1
33.1
P/S (TTM)
5-point trend, -68.4%
4.3
6.9
P/B
5-point trend, -39.5%
4.7
4.4
EV / EBITDA
5-point trend, -446.9%
-231.8
Price / FCF
5-point trend, +130.0%
47.5

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
ATRC
Peer Median
Gross Margin
5-point trend, -0.1%
75.0%
57.8%
Operating Margin
5-point trend, -108.8%
-1.8%
Net Profit Margin
5-point trend, -111.7%
-2.1%
2.5%
ROA
5-point trend, -124.0%
-1.8%
1.8%
ROE
5-point trend, -123.1%
-2.4%
2.6%
ROIC
5-point trend, -119.0%
-1.9%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
ATRC
Peer Median
Debt / Equity
5-point trend, +1.9%
0.1
25.5
Current Ratio
5-point trend, +13.9%
4.0
5.9
Quick Ratio
5-point trend, +6.6%
2.9

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
ATRC
Peer Median
Revenue YoY
5-point trend, +94.8%
14.9%
Revenue CAGR 3Y
5-point trend, +94.8%
17.4%
Revenue CAGR 5Y
5-point trend, +94.8%
20.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
ATRC
Peer Median
EPS (Diluted)
5-point trend, -122.0%
$-0.24

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
ATRC
Peer Median

ATRC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 16 analysts
  • Strong Buy 4 25.0%
  • Buy 9 56.2%
  • Hold 3 18.8%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

9 analysts · 2026-08-19
Median target $50.00 +8.5%
Mean target $47.33 +2.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.12%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.18 $0.00 0.18%
March 31, 2026 $0.00 $-0.06 0.06%
Dec. 31, 2025 $0.04 $-0.10 0.14%
Sept. 30, 2025 $-0.01 $-0.12 0.11%
June 30, 2025 $-0.02 $-0.17 0.15%
March 31, 2025 $-0.14 $-0.23 0.09%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ATRC $1.97B -164.8 14.9% -2.1% -2.4% 75.0%
PLSE
TMDX $4.17B 25.0 37.1% 31.4% 48.1% 59.9%
AXGN $1.54B -96.3 20.2% -7.0% -13.0% 74.3%
BFLY -12.3 19.0% -79.0% -35.9% 46.9%
LMAT $1.85B 32.2 13.5% 23.1% 15.3% 71.5%
OMCL $2.04B 1132.5 6.5% 0.17% 0.16% 42.5%
INSP $2.64B 18.9 13.6% 16.0% 19.9% 85.4%
KMTS $1.21B -8.5 59.0% -138.4% -62.1% 51.4%
TNDM $1.50B -7.2 7.9% -20.2% -141.9% 53.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +397.4% $535M $465M $399M $330M $274M $207M $231M $202M $175M $155M $130M $107M
Cost of Revenue 12-point trend, +321.9% $134M $118M $99M $84M $68M $57M $60M $785.0K $900.0K $625.0K $37M $32M
Gross Profit 12-point trend, +429.1% $401M $348M $300M $246M $206M $149M $170M $147M $126M $111M $93M $76M
R&D Expense 12-point trend, +433.4% $99M $96M $74M $57M $49M $43M $41M $35M $34M $36M $26M $19M
SG&A Expense 12-point trend, +323.1% $311M $291M $253M $231M $205M $151M $167M $130M $117M $106M $94M $74M
Operating Expenses 12-point trend, +345.4% $410M $388M $327M $289M $151M $194M $203M $164M $151M $142M $120M $92M
Operating Income 12-point trend, +42.3% $-9M $-40M $-27M $-43M $55M $-44M $-33M $-17M $-25M $-31M $-27M $-16M
Interest Expense 10-point trend, +2170.5% · · $7M $5M $5M $5M $4M $5M $2M $2M $292.0K $305.0K
Interest Income 12-point trend, +4565.6% $4M $4M $4M $2M $466.0K $1M $2M $1M $227.0K $227.0K $190.0K $96.0K
Other Non-op 12-point trend, +74.7% $683.0K $-326.0K $-31.0K $-537.0K $-366.0K $-24.0K $-160.0K $-183.0K $138.0K $-586.0K $-354.0K $391.0K
Pretax Income 12-point trend, +37.2% $-10M $-44M $-30M $-46M $50M $-48M $-35M $-21M $-27M $-33M $-27M $-16M
Income Tax 12-point trend, +3793.9% $1M $1M $591.0K $268.0K $188.0K $114.0K $199.0K $226.0K $14.0K $40.0K $36.0K $33.0K
Net Income 12-point trend, +29.4% $-11M $-45M $-30M $-46M $50M $-48M $-35M $-21M $-27M $-33M $-27M $-16M
EPS (Basic) 7-point trend, +74.5% $-0.24 $-0.95 $-0.66 $-1.02 $1.11 $-1.14 $-0.94 · · · · ·
EPS (Diluted) 7-point trend, +74.5% $-0.24 $-0.95 $-0.66 $-1.02 $1.09 $-1.14 $-0.94 · · · · ·
Shares (Basic) 7-point trend, +27.0% 47,750,000 46,965,000 46,309,000 45,740,000 45,066,000 42,125,000 37,589,000 · · · · ·
Shares (Diluted) 7-point trend, +27.0% 47,750,000 46,965,000 46,309,000 45,740,000 46,039,000 42,125,000 37,589,000 · · · · ·
EBITDA 12-point trend, +42.3% $-9M $-40M $-27M $-43M $55M $-44M $-33M $-17M $-25M $-31M $-27M $-16M
Balance Sheet 29
Annual Balance Sheet data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +489.9% $167M $123M $84M $58M $44M $42M $28M $32M $22M $24M $24M $28M
Short-term Investments 11-point trend, -100.0% · $0 $53M $63M $75M $202M $53M $92M $13M $20M $11M $31M
Receivables 12-point trend, +279.6% $67M $60M $53M $43M $33M $23M $28M $25M $23M $21M $19M $18M
Inventory 12-point trend, +450.6% $78M $75M $68M $46M $39M $35M $29M $22M $22M $18M $18M $14M
Prepaid Expense 9-point trend, +337.5% $10M $9M $9M $5M $5M $4M $4M $3M $2M · · ·
Other Current Assets 4-point trend, +11.2% · · · · · · · · $2M $3M $3M $2M
Current Assets 12-point trend, +244.9% $323M $268M $266M $215M $196M $307M $143M $175M $82M $86M $75M $94M
PP&E (Net) 8-point trend, +171.9% · · · · $31M $28M $33M $27M $29M $30M $31M $12M
PP&E (Gross) 7-point trend, +238.5% · · · · · $65M $66M $54M $50M $44M $39M $19M
Accum. Depreciation 7-point trend, +379.3% · · · · · $37M $33M $27M $22M $14M $7M $8M
Goodwill 12-point trend, +563.5% $235M $235M $235M $235M $235M $235M $235M $105M $105M $105M $105M $35M
Intangibles 12-point trend, +441.0% $48M $56M $64M $39M $43M $128M $130M $49M $51M $52M $54M $9M
Other Non-current Assets 12-point trend, +1439.8% $3M $3M $2M $2M $955.0K $440.0K $705.0K $495.0K $676.0K $321.0K $323.0K $186.0K
Total Assets 12-point trend, +313.0% $654M $609M $614M $585M $615M $715M $558M $357M $268M $276M $273M $158M
Accounts Payable 12-point trend, +232.1% $25M $25M $27M $20M $19M $13M $15M $10M $12M $11M $13M $8M
Accrued Liabilities 12-point trend, +278.1% $53M $46M $45M $33M $36M $28M $33M $26M $19M $16M $18M $14M
Current Liabilities 12-point trend, +217.9% $82M $73M $75M $58M $56M $49M $50M $40M $32M $29M $32M $26M
Capital Leases 12-point trend, +7387.8% $6M $5M $3M $3M $4M $1M $3M $12M $13M $13M $14M $74.0K
Other Non-current Liabilities 12-point trend, +4828.2% $7M $1M $1M $1M $1M $187M $186M $19M $38M $42M $41M $149.0K
Total Liabilities 12-point trend, +527.2% $162M $148M $148M $129M $132M $302M $311M $107M $107M $108M $86M $26M
Long-term Debt Flat — no change across 4 periods · · · $60M $60M $60M $60M · · · · ·
Total Debt 10-point trend, +159.0% $62M $62M $61M $57M $60M $60M $60M $36M $24M $24M · ·
Common Stock 12-point trend, +78.6% $50.0K $49.0K $48.0K $47.0K $46.0K $45.0K $40.0K $39.0K $35.0K $33.0K $32.0K $28.0K
Paid-in Capital · · · · · · · · · · · $271M
Retained Earnings 12-point trend, -198.5% $-413M $-402M $-357M $-327M $-280M $-330M $-282M $-247M $-226M $-199M $-166M $-138M
AOCI 12-point trend, +262.6% $566.0K $-1M $-993.0K $-4M $-948.0K $312.0K $-158.0K $-199.0K $34.0K $-468.0K $-611.0K $-348.0K
Stockholders' Equity 12-point trend, +271.2% $492M $461M $466M $457M $484M $412M $247M $249M $161M $168M $187M $133M
Liabilities + Equity 12-point trend, +313.0% $654M $609M $614M $585M $615M $715M $558M $357M $268M $276M $273M $158M
Shares Outstanding 12-point trend, +80.5% 49,792,000 48,869,000 47,526,000 46,563,000 46,016,000 45,346,000 39,655,000 38,604,000 34,586,000 33,342,000 32,274,000 27,580,000
Cash Flow 15
Annual Cash Flow data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Stock-based Comp 12-point trend, +490.2% $45M $40M $36M $29M $28M $23M $18M $16M $15M $12M $9M $8M
Deferred Tax 9-point trend, +39.2% $-62.0K $6.0K $-15.0K $8.0K $21.0K $-12.0K $26.0K $51.0K $-102.0K · · ·
Amort. of Intangibles 12-point trend, +494.0% $8M $8M $5M $4M $3M $2M $2M $2M $1M $2M $1M $1M
Operating Cash Flow 12-point trend, +365.4% $57M $12M $4M $-22M $-14M $-20M $-16M $-4M $-9M $-15M $-8M $-22M
CapEx 12-point trend, +64.3% $9M $11M $12M $17M $10M $5M $12M $6M $6M $8M $13M $6M
Investing Cash Flow 11-point trend, -38.6% $-15M $30M $22M $44M $24M $-156M $-2M $-85M $4M $-12M $-11M ·
Debt Issued 8-point trend, -100.0% $0 $61M $0 $0 $5M $0 $20M $17M · · · ·
Net Debt Issued 6-point trend, -100.0% $0 $61M $0 $0 $5M · $20M · · · · ·
Stock Issued 6-point trend, -100.0% · · · $0 $0 $189M $0 $83M · · · $66M
Net Stock Activity 5-point trend, -100.0% · · · $0 $0 $189M · $83M · · · $66M
Financing Cash Flow 11-point trend, -91.6% $1M $-4M $-32.0K $-7M $-8M $189M $14M $100M $3M $28M $14M ·
Net Change in Cash 12-point trend, +231.4% $45M $38M $26M $14M $2M $13M $-4M $10M $-2M $444.0K $-5M $13M
Taxes Paid 7-point trend, +398.1% $1M $619.0K $395.0K $192.0K $190.0K $217.0K $259.0K · · · · ·
Free Cash Flow 12-point trend, +256.7% $48M $745.0K $-8M $-39M $-24M $-25M $-28M $-10M $-15M $-23M $-21M $-31M
Levered FCF 10-point trend, +53.2% · · $-15M $-44M $-28M $-30M $-32M $-15M $-18M $-25M $-22M $-31M
Profitability 8
Annual Profitability data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 12-point trend, +6.4% 75.0% 74.7% 75.2% 74.4% 75.0% 72.3% 73.8% 73.0% 72.2% 71.6% 71.6% 70.5%
Operating Margin 12-point trend, +88.4% -1.8% -8.6% -6.7% -12.9% 20.1% -21.4% -14.3% -8.5% -14.3% -20.1% -20.6% -15.2%
Net Margin 12-point trend, +85.8% -2.1% -9.6% -7.6% -14.1% 18.3% -23.3% -15.2% -10.5% -15.4% -21.5% -21.0% -15.1%
Pretax Margin 12-point trend, +87.4% -1.9% -9.4% -7.5% -14.0% 18.4% -23.3% -15.2% -10.4% -15.4% -21.5% -20.9% -15.1%
EBITDA Margin 12-point trend, +88.4% -1.8% -8.6% -6.7% -12.9% 20.1% -21.4% -14.3% -8.5% -14.3% -20.1% -20.6% -15.2%
ROA 12-point trend, +84.9% -1.8% -7.3% -5.1% -7.7% 7.5% -7.6% -7.7% -6.8% -9.9% -12.1% -12.6% -12.0%
ROE 12-point trend, +84.9% -2.4% -9.7% -6.6% -10.2% 10.3% -11.6% -13.9% -10.2% -16.3% -18.8% -17.1% -15.8%
ROIC 12-point trend, +84.5% -1.9% -7.8% -5.2% -8.4% 10.1% -9.4% -10.8% -6.1% -13.5% -16.2% -14.3% -12.4%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, +8.5% 4.0 3.6 3.6 3.7 3.5 6.2 2.9 4.3 2.6 3.0 2.4 3.6
Quick Ratio 12-point trend, -4.6% 2.9 2.5 2.5 2.8 2.7 5.4 2.2 3.7 1.8 2.3 1.7 3.0
Debt / Equity 10-point trend, -11.3% 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 · ·
LT Debt / Equity 10-point trend, -11.3% 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 · ·
Interest Coverage 10-point trend, +92.8% · · -3.9 -8.6 11.2 -9.1 -8.1 -3.7 -11.0 -17.3 -91.5 -53.6
Efficiency 3
Annual Efficiency data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +6.4% 0.8 0.8 0.7 0.6 0.4 0.3 0.5 0.6 0.6 0.6 0.6 0.8
Inventory Turnover 12-point trend, -32.9% 1.7 1.6 1.7 2.0 1.9 0.0 0.0 0.0 2.4 2.5 2.3 2.6
Receivables Turnover 12-point trend, +22.3% 8.4 8.2 8.4 8.7 9.8 8.1 8.7 8.4 7.9 7.7 7.0 6.9
Per Share 5
Annual Per Share data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +105.6% $9.88 $9.43 $9.81 $9.81 $10.51 $9.09 $6.24 $6.46 $4.66 $5.05 $5.78 $4.81
Revenue / Share 5-point trend, +87.9% $11.19 $9.91 $8.62 $7.22 $5.96 · · · · · · ·
Cash Flow / Share 5-point trend, +501.2% $1.20 $0.26 $0.10 $-0.48 $-0.30 · · · · · · ·
Cash / Share 12-point trend, +226.7% $3.36 $2.51 $1.77 $1.25 $0.95 $0.93 $0.72 $0.83 $0.63 $0.73 $0.74 $1.03
EPS (TTM) 7-point trend, +74.5% $-0.24 $-0.95 $-0.66 $-1.02 $1.09 $-1.14 $-0.94 · · · · ·
Growth Rates 3
Annual Growth Rates data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -54.7% 14.9% 16.6% 20.8% 20.4% 32.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -29.2% 17.4% 19.3% 24.6% · · · · · · · · ·
Revenue CAGR 5Y 20.9% · · · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for ATRC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +397.4% $535M $465M $399M $330M $274M $207M $231M $202M $175M $155M $130M $107M
Net Income TTM 12-point trend, +29.4% $-11M $-45M $-30M $-46M $50M $-48M $-35M $-21M $-27M $-33M $-27M $-16M
Market Cap 12-point trend, +257.8% $1.97B $1.49B $1.70B $2.07B $3.20B $2.52B $1.29B $1.18B $631M $653M $724M $550M
Enterprise Value 10-point trend, +194.8% $1.86B $1.43B $1.62B $2.00B $3.14B $2.34B $1.27B $1.09B $620M $632M · ·
P/E 7-point trend, -376.6% -164.8 -32.2 -54.1 -43.5 63.8 -48.8 -34.6 · · · · ·
P/S 12-point trend, -28.1% 3.7 3.2 4.2 6.3 11.7 12.2 5.6 5.9 3.6 4.2 5.6 5.1
P/B 12-point trend, -3.6% 4.0 3.2 3.6 4.5 6.6 6.1 5.2 4.7 3.9 3.9 3.9 4.2
P / Tangible Book 6-point trend, -81.6% 9.4 8.8 10.1 11.3 15.5 51.1 · · · · · ·
P / Cash Flow 12-point trend, +234.8% 34.4 122.4 378.3 -93.3 -232.2 -127.1 -81.5 -283.2 -70.5 -43.2 -92.4 -25.5
P / FCF 12-point trend, +328.3% 40.8 2004.6 -225.7 -53.0 -136.0 -100.5 -46.1 -113.8 -41.2 -28.6 -34.0 -17.9
EV / EBITDA 10-point trend, -871.7% -197.3 -35.8 -60.7 -46.9 56.9 -52.9 -38.3 -63.8 -24.8 -20.3 · ·
EV / FCF 10-point trend, +239.3% 38.6 1922.9 -215.5 -51.3 -133.4 -93.1 -45.3 -105.2 -40.5 -27.7 · ·
EV / Revenue 10-point trend, -14.5% 3.5 3.1 4.1 6.1 11.4 11.3 5.5 5.4 3.6 4.1 · ·
Earnings Yield 7-point trend, +78.9% -0.61% -3.1% -1.8% -2.3% 1.6% -2.1% -2.9% · · · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $535M$465M$399M$330M$274M
Gross Margin % 75.0%74.7%75.2%74.4%75.0%
Operating Margin % -1.8%-8.6%-6.7%-12.9%20.1%
Net Income $-11M$-45M$-30M$-46M$50M
Diluted EPS $-0.24$-0.95$-0.66$-1.02$1.09
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.10.10.10.10.1
Current Ratio 4.03.63.63.73.5
Quick Ratio 2.92.52.52.82.7
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $48M$745.0K$-8M$-39M$-24M

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Institutional owners (13F) 271 filers · $1.1B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
62 (+29 vs prior Q) 22 (-16 vs prior Q) 90 (+22 vs prior Q) 58 (-15 vs prior Q) +8.1M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $87,498,916 3,127,195 8.02% Shares
Hood River Capital Management LLC $81,290,266 2,905,299 7.45% Shares
ALLIANCEBERNSTEIN L.P. $78,981,453 2,768,365 7.24% Shares
WELLINGTON MANAGEMENT GROUP LLP $64,533,296 2,306,408 5.92% Shares
VANGUARD CAPITAL MANAGEMENT LLC $61,287,756 2,190,413 5.62% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $48,525,000 1,734,279 4.45% Shares
STATE STREET CORP $38,935,240 1,389,989 3.57% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $36,267,928 1,296,209 3.33% Shares
GEODE CAPITAL MANAGEMENT, LLC $31,665,130 1,131,439 2.90% Shares
DIMENSIONAL FUND ADVISORS LP $27,419,645 979,973 2.51% Shares
Champlain Investment Partners, LLC $26,261,105 938,567 2.41% Shares
NEUBERGER BERMAN GROUP LLC $25,779,232 919,375 2.36% Shares
KENNEDY CAPITAL MANAGEMENT LLC $24,000,880 857,787 2.20% Shares
Divisadero Street Capital Management, LP $22,410,049 800,931 2.05% Shares
Point72 Asset Management, L.P. $16,910,552 604,380 1.55% Shares
DAFNA Capital Management LLC $16,716,119 597,431 1.53% Shares
Grandeur Peak Global Advisors, LLC $16,435,424 587,399 1.51% Shares
First Light Asset Management, LLC $15,888,107 567,838 1.46% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $15,703,076 561,225 1.44% Shares
Qube Research & Technologies Ltd $15,691,856 560,824 1.44% Shares
AQR CAPITAL MANAGEMENT LLC $15,061,449 538,293 1.38% Shares
TWO SIGMA INVESTMENTS, LP $14,711,744 525,795 1.35% Shares
FMR LLC $14,151,109 505,758 1.30% Shares
OSTERWEIS CAPITAL MANAGEMENT INC $14,027,913 501,355 1.29% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $11,838,506 423,106 1.09% Shares
TWO SIGMA ADVISERS, LP $10,985,812 277,700 1.01% Shares
PANAGORA ASSET MANAGEMENT INC $10,886,990 389,099 1.00% Shares
MARSHALL WACE, LLP $10,558,840 377,371 0.97% Shares
NORGES BANK $10,474,649 374,362 0.96% Shares
WCM INVESTMENT MANAGEMENT, LLC $10,076,025 351,081 0.92% Shares
VANGUARD FIDUCIARY TRUST CO $10,046,163 359,048 0.92% Shares
Connor, Clark & Lunn Investment Management Ltd. $9,388,129 335,530 0.86% Shares
Point72 (DIFC) Ltd $9,237,777 262,065 0.85% Shares
First Eagle Investment Management, LLC $8,328,051 297,643 0.76% Shares
BANK OF AMERICA CORP /DE/ $7,663,162 273,880 0.70% Shares
WASATCH ADVISORS LP $7,244,651 253,931 0.66% Shares
RENAISSANCE TECHNOLOGIES LLC $6,550,118 234,100 0.60% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $6,332,938 226,338 0.58% Shares
NICHOLAS COMPANY, INC. $5,724,568 204,595 0.52% Shares
D. E. Shaw & Co., Inc. $5,395,216 192,824 0.49% Shares
CITADEL ADVISORS LLC $4,961,945 177,339 0.45% Shares
Advisors Capital Management, LLC $4,882,398 174,496 0.45% Shares
Meros Investment Management, LP $4,756,600 170,000 0.44% Shares
STATE OF WISCONSIN INVESTMENT BOARD $4,248,343 151,835 0.39% Shares
Topline Capital Management, LLC $3,874,950 138,490 0.36% Shares
RICE HALL JAMES & ASSOCIATES, LLC $3,755,112 134,207 0.34% Shares
Allianz Asset Management GmbH $3,485,168 122,158 0.32% Shares
GOLDMAN SACHS GROUP INC $3,297,947 117,868 0.30% Shares
Caption Management, LLC $2,798,000 100,000 0.26% Put option
ADAGE CAPITAL PARTNERS GP, L.L.C. $2,798,000 100,000 0.26% Shares
Swiss National Bank $2,700,070 96,500 0.25% Shares
LPL Financial LLC $2,598,153 92,858 0.24% Shares
ExodusPoint Capital Management, LP $2,416,241 86,356 0.22% Shares
HighMark Wealth Management LLC $2,342,485 83,720 0.21% Shares
Susquehanna Portfolio Strategies, LLC $2,240,890 80,089 0.21% Shares
Emerald Investment Advisers, LLC $2,213,274 79,102 0.20% Shares
AMERIPRISE FINANCIAL INC $2,182,665 78,008 0.20% Shares
Bridgewater Associates, LP $2,135,070 76,307 0.20% Shares
Orion Portfolio Solutions, LLC $2,055,156 63,706 0.19% Shares
Riverwater Partners LLC $2,003,256 71,596 0.18% Shares
Schonfeld Strategic Advisors LLC $1,909,439 68,243 0.18% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,821,498 65,100 0.17% Put option
RHUMBLINE ADVISERS $1,788,358 63,916 0.16% Shares
Assenagon Asset Management S.A. $1,744,105 62,334 0.16% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $1,710,288 59,947 0.16% Shares
PARADIGM CAPITAL MANAGEMENT INC/NY $1,703,982 60,900 0.16% Shares
Granite Investment Partners, LLC $1,646,007 58,828 0.15% Shares
ENVESTNET ASSET MANAGEMENT INC $1,542,845 55,141 0.14% Shares
Orion Porfolio Solutions, LLC $1,541,838 55,105 0.14% Shares
Brevan Howard Capital Management LP $1,523,427 54,447 0.14% Shares
Knott David M Jr $1,438,172 51,400 0.13% Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC $1,415,284 50,582 0.13% Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $1,412,542 50,484 0.13% Shares
DIVERSIFIED TRUST CO $1,405,211 50,222 0.13% Shares
B. Metzler seel. Sohn & Co. AG $1,395,530 49,876 0.13% Shares
FIRST TRUST ADVISORS LP $1,354,427 48,407 0.12% Shares
Engineers Gate Manager LP $1,347,517 48,160 0.12% Shares
Cubist Systematic Strategies, LLC $1,319,567 37,434 0.12% Shares
Bank of New York Mellon Corp $1,306,554 46,696 0.12% Shares
VANGUARD ASSET MANAGEMENT, Ltd $1,253,056 44,784 0.11% Shares
SCOTIA CAPITAL INC. $1,161,193 41,495 0.11% Shares
IEQ CAPITAL, LLC $1,160,723 41,484 0.11% Shares
BlackRock, Inc. $1,117,381 39,935 0.10% Shares
Caption Management, LLC $1,095,921 39,168 0.10% Shares
XTX Topco Ltd $1,042,199 37,248 0.10% Shares
WINTON GROUP Ltd $1,001,684 35,800 0.09% Shares
Marks Group Wealth Management, Inc $961,785 34,374 0.09% Shares
EntryPoint Capital, LLC $862,651 30,831 0.08% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $851,571 30,435 0.08% Shares
MetLife Investment Management, LLC $844,968 30,199 0.08% Shares
VOYA INVESTMENT MANAGEMENT LLC $792,198 28,313 0.07% Shares
Trexquant Investment LP $749,416 26,784 0.07% Shares
Mariner, LLC $744,209 26,596 0.07% Shares
CITIGROUP INC $739,539 26,431 0.07% Shares
BARCLAYS PLC $712,735 25,473 0.07% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $699,080 24,985 0.06% Shares
Man Group plc $683,915 24,443 0.06% Shares
JANUS HENDERSON GROUP PLC $652,852 22,883 0.06% Shares
Dynamic Technology Lab Private Ltd $644,000 23,016 0.06% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $643,372 22,994 0.06% Shares

Company insiders 44 insiders · 21 officers · 12 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Michael H Carrel President, CEO, & Director July 30, 2026 G 774,434 0 0 $0
David J Drachman President and CEO Sept. 12, 2012 M 146,000 0 0 $0
Andrew M. Wade CFO June 30, 2020 A 140,537 0 0 $0
Julie A Piton VP Fin & Admin & CFO Feb. 17, 2012 F 96,510 0 0 $0
Thomas J Etergino Vice President and CFO June 21, 2006 A 0 0 $0
Douglas J Seith Chief Operating Officer June 30, 2026 A 229,867 0 0 $0
Justin J Noznesky Chief Mktg & Strategy Officer July 29, 2026 S 100,219 0 1 $-239,862
Vinayak Doraiswamy Chief Scientific Officer July 28, 2026 S 86,511 0 1 $-233,280
Karl S. Dahlquist Chief Legal Officer June 30, 2026 A 96,689 0 0 $0
Salvatore Privitera Chief Technical Officer June 30, 2026 A 158,684 0 0 $0
Andrew L Lux SVP, Ops & Quality June 30, 2017 A 66,549 0 0 $0
Patricia J Kennedy VP and GM, International Oct. 27, 2015 F 63,124 0 0 $0
James L Lucky VP, Clinical, Regulatory & QS March 5, 2013 M 51,250 0 0 $0
Stewart W Strong VP Global Marketing Feb. 9, 2012 F 43,098 0 0 $0
Frederick Preiss Vice President Operations Feb. 9, 2012 F 22,162 0 0 $0
Deborah L Morley VP Clinical Affairs July 29, 2009 A 27,879 0 0 $0
Jon A Sherman VP, Product Development May 10, 2009 F 18,335 0 0 $0
Maureen Shaffer Vice President Marketing June 20, 2007 A 0 0 $0
Elsa Chi Abruzzo VP Regulatory&Clinical Affairs June 20, 2007 A 0 0 $0
Stephen S Cambridge Vice President; Sales Feb. 7, 2006 A 0 0 $0
Richard S Walsh Vice President; Sales Sept. 15, 2005 P 1,750 0 0 $0
Sven Wehrwein Director July 28, 2026 M 40,518 0 5 $-1,687,578
Florin Daniel P Director May 20, 2021 A 10,103 0 0 $0
Scott William Drake Director May 10, 2021 M 41,036 0 0 $0
Mark R Lanning Director May 5, 2021 M 140,886 0 0 $0
Elizabeth D Krell Director May 7, 2018 M 19,967 0 0 $0
Richard M Johnston Director May 24, 2017 A 5,805 0 0 $0
Michael D Hooven Director May 5, 2017 M 67,049 0 0 $0
Karen P Robards Director Dec. 19, 2016 G 318,328 0 0 $0
Donald C Harrison Director May 23, 2013 A 198,741 0 0 $0
Lee R Wrubel Director May 16, 2008 S 295,717 0 0 $0
Norman R Weldon Director Aug. 10, 2005 C 241,070 0 0 $0
Maggie Yuen Aug. 5, 2026 S 14,015 0 2 $-241,630
Karen Prange Aug. 5, 2026 S 22,809 0 1 $-138,283
Kristine B Johnson May 18, 2026 A 55,954 0 0 $0
Shlomo Nachman May 19, 2025 A 18,511 0 0 $0
Deborah H Telman May 19, 2025 A 22,184 0 0 $0
Regina E Groves May 19, 2025 A 36,167 0 0 $0
Robert S. White May 19, 2025 A 112,174 0 0 $0
Deborah Lee Yount March 1, 2025 F 45,578 0 0 $0
Angela L Wirick March 1, 2025 F 164,770 0 0 $0
Mark A Collar March 13, 2023 M 100,871 0 0 $0
Tonya Austin May 13, 2022 S 17,621 0 0 $0
Alan L Kaganov Aug. 23, 2006 M 3,947 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 5 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Hudson Executive Capital LP, HEC Management GP LLC, Douglas L. Braunstein ×3 filings Oct. 9, 2018 Initial filing SEC
Discovery Equity Partners, L.P., Discovery Group I, LLC, Daniel J. Donoghue, Michael R. Murphy ×5 filings June 3, 2013 Initial filing SEC
David J. Drachman (2) Sept. 13, 2012 Initial filing SEC
David J. Drachman March 25, 2011 Initial filing SEC
Discovery Group I, LLC, Daniel J. Donoghue, Michael R. Murphy Sept. 10, 2010 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 47 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
HAPS · Harbor ETF Trust 0.75% 41,802 NS April 30, 2026 N-PORT
QQQS · Invesco Exchange-Traded Fund Trust … 0.74% 4,046 SH Aug. 8, 2026 Daily
OASC · Unified Series Trust 0.32% 9,757 NS May 31, 2026 N-PORT
IHI · iShares Trust 0.28% 240,474 SH Aug. 8, 2026 Daily
GSSC · Goldman Sachs ETF Trust 0.13% 46,322 NS May 31, 2026 N-PORT
IWO · iShares Trust 0.12% 449,680 SH Aug. 8, 2026 Daily
FYC · First Trust Exchange-Traded AlphaDE… 0.11% 40,159 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.08% 23,181 NS May 31, 2026 N-PORT
VTWG · VANGUARD SCOTTSDALE FUNDS 0.08% 53,568 SH Aug. 8, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.07% 19,015 NS April 30, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.07% 49,055 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.06% 46,818 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.06% 1,270,425 SH Aug. 8, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.06% 4,316 SH Aug. 8, 2026 Daily
ISCG · iShares Trust 0.06% 14,843 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.04% 20,967 NS April 30, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.04% 640,945 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.04% 287,208 SH Aug. 8, 2026 Daily
ITWO · ProShares Trust 0.03% 2,278 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.03% 165,232 NS April 30, 2026 N-PORT
SMLF · iShares Trust 0.03% 33,944 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.03% 2,111 SH Aug. 8, 2026 Daily
SCHA · SCHWAB STRATEGIC TRUST 0.03% 237,824 NS May 31, 2026 N-PORT
FHLC · FIDELITY COVINGTON TRUST 0.02% 23,082 NS April 30, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.02% 3,743 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.02% 580,327 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.02% 1,105,404 SH Aug. 8, 2026 Daily
VHT · VANGUARD WORLD FUND 0.02% 144,747 SH Aug. 8, 2026 Daily
UWM · ProShares Trust 0.02% 1,781 NS May 31, 2026 N-PORT
WSML · iShares Trust 0.02% 2,915 SH Aug. 8, 2026 Daily
URTY · ProShares Trust 0.01% 1,799 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 1,092 NS April 30, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 110,745 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.01% 45 NS May 31, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.01% 19,754 NS May 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 3,461 NS April 30, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 4,427 NS April 30, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 16,445 NS April 30, 2026 N-PORT
TILT · FlexShares Trust 0.00% 2,592 NS April 30, 2026 N-PORT
ITOT · iShares Trust 0.00% 66,464 SH Aug. 8, 2026 Daily
DFUS · Dimensional ETF Trust 0.00% 17,855 NS April 30, 2026 N-PORT
IWV · iShares Trust 0.00% 12,247 SH Aug. 8, 2026 Daily
SCHB · SCHWAB STRATEGIC TRUST 0.00% 29,716 NS May 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 1,519,312 SH Aug. 8, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 41,883 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 3,861 SH Aug. 8, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.00% 11,156 SH Aug. 8, 2026 Daily