FORR Forrester Research, Inc. - Common Stock

NASDAQ · Professional Services · View on SEC EDGAR ↗
$11.70
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026

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

Price
$11.70
Market Cap
$222M
P/E (TTM)
-1.9
EPS (TTM)
$-6.28
Revenue (TTM)
$397M
Div Yield
ROE
-83.5%
Debt/Equity
0.3
52W Range
$5 – $12

FORR 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 $397M
10-point trend, +21.7%
2016-12-31 2025-12-31
EPS $-6.28
10-point trend, -747.4%
2016-12-31 2025-12-31
Free Cash Flow $18M
10-point trend, -52.0%
2016-12-31 2025-12-31
Margins -30.1%
2-point trend, -5.2%
2018-12-31 2019-12-31

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

Metric
5Y trend
FORR
Peer Median
P/E (TTM)
5-point trend, -102.8%
-1.9
23.4
P/S (TTM)
5-point trend, -82.8%
0.6
1.6
P/B
5-point trend, -77.8%
1.8
3.7
EV / EBITDA
5-point trend, -104.0%
-1.7
Price / FCF
5-point trend, -26.6%
12.3

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

Metric
5Y trend
FORR
Peer Median
Operating Margin
5-point trend, -464.7%
-28.5%
Net Profit Margin
5-point trend, -697.8%
-30.1%
2.3%
ROA
5-point trend, -801.1%
-26.3%
3.9%
ROE
5-point trend, -780.1%
-83.5%
9.8%
ROIC
5-point trend, -775.4%
-70.0%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
FORR
Peer Median
Debt / Equity
5-point trend, -24.8%
0.3
992.7
Current Ratio
5-point trend, +2.7%
0.9
0.9
Quick Ratio
5-point trend, -26.7%
0.5

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

Metric
5Y trend
FORR
Peer Median
Revenue YoY
5-point trend, -19.7%
-8.2%
Revenue CAGR 3Y
5-point trend, -19.7%
-9.6%
Revenue CAGR 5Y
5-point trend, -19.7%
-2.4%
EPS YoY
5-point trend, -590.6%
-86.0%
Net Income YoY
5-point trend, -580.4%
-86.0%

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

Metric
5Y trend
FORR
Peer Median
EPS (Diluted)
5-point trend, -590.6%
$-6.28

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
FORR
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Dec. 11, 2018$0.2000
Sept. 11, 2018$0.2000
June 12, 2018$0.2000
March 6, 2018$0.2000
Dec. 5, 2017$0.1900
Sept. 1, 2017$0.1900
June 5, 2017$0.1900
Feb. 27, 2017$0.1900
Dec. 5, 2016$0.1800
Sept. 2, 2016$0.1800
June 6, 2016$0.1800
Feb. 29, 2016$0.1800
Nov. 30, 2015$0.1700
Aug. 31, 2015$0.1700
June 8, 2015$0.1700
March 2, 2015$0.1700
Dec. 1, 2014$0.1600
Aug. 29, 2014$0.1600
June 2, 2014$0.1600
March 3, 2014$0.1600

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

SELL 6 analysts
  • Strong Buy 0 0.0%
  • Buy 0 0.0%
  • Hold 3 50.0%
  • Sell 1 16.7%
  • Strong Sell 2 33.3%

12-Month Price Target

1 analysts · 2026-08-16
Median target $12.00 +2.6%
Mean target $12.00 +2.6%

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

Avg Surprise
-0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.40 $0.27 0.13%
March 31, 2026 $-0.04 $0.12 -0.16%
Dec. 31, 2025 $-0.04 $0.12 -0.16%
Sept. 30, 2025 $0.37 $0.31 0.06%
June 30, 2025 $0.51 $0.51 0.00%
March 31, 2025 $0.11 $0.08 0.03%

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

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FORR $154M -1.3 -8.2% -30.1% -83.5%
SPIR 5.0 -35.2% 71.7% 39.1% 40.8%
MG 23.9 -0.77% 2.3% 7.8% 28.2%
RCMT 9.3 14.7%
FC 81.5 -7.0% 1.1% 4.1% 76.2%
RGP $156M -3.7 -18.0% -9.0% -22.3% 37.5%
WFCF 38.3 -3.3%

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

Income Statement 16
Annual Income Statement data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 10-point trend, +21.7% $397M $432M $481M $538M $494M $449M $462M $358M $338M $326M · ·
Cost of Revenue 12-point trend, +42.3% $171M $183M $204M $224M $202M $162M $178M $129M $119M $112M $110M $120M
Gross Profit 6-point trend, +45.3% · · · · · · $279M $229M $219M $214M $204M $192M
SG&A Expense 12-point trend, +28.6% $218M $233M $254M $279M $258M $245M $253M $201M $191M $181M $179M $170M
Operating Expenses 12-point trend, +73.6% $510M $432M $474M $505M $456M $433M $463M $335M $310M $295M $295M $294M
Operating Income 12-point trend, -721.4% $-113M $740.0K $7M $33M $39M $-16M $1M $22M $28M $31M $19M $18M
Interest Expense 4-point trend, -69.4% · · · $2M $4M $5M $8M · · · · ·
Other Non-op 12-point trend, +708.6% $4M $4M $2M $222.0K $-1M $-374.0K $-515.0K $674.0K $301.0K $740.0K $511.0K $464.0K
Pretax Income 12-point trend, -749.4% $-119M $3M $6M $31M $33M $13M $-10M $24M $27M $31M $19M $18M
Income Tax 12-point trend, -100.7% $-49.0K $8M $3M $9M $8M $3M $-29.0K $8M $12M $13M $7M $8M
Net Income 12-point trend, -1198.6% $-119M $-6M $3M $22M $25M $10M $-10M $15M $15M $18M $12M $11M
EPS (Basic) 12-point trend, -1182.8% $-6.28 $-0.30 $0.16 $1.15 $1.30 $-0.53 $0.52 $0.85 $0.84 $0.98 $0.67 $0.58
EPS (Diluted) 12-point trend, -1201.8% $-6.28 $-0.30 $0.16 $1.14 $1.28 $0.53 $0.52 $0.84 $0.83 $0.97 $0.66 $0.57
Shares (Basic) 12-point trend, +1.6% 19,017,000 19,094,000 19,183,000 18,967,000 19,110,000 18,827,000 18,492,000 18,091,000 17,919,000 17,984,000 17,927,000 18,713,000
Shares (Diluted) 12-point trend, +0.1% 19,017,000 19,094,000 19,258,000 19,172,000 19,357,000 18,935,000 18,492,000 18,380,000 18,240,000 18,269,000 18,143,000 19,007,000
EBITDA 12-point trend, -721.4% $-113M $740.0K $7M $33M $39M $16M $-1M $22M $28M $31M $19M $18M
Balance Sheet 28
Annual Balance Sheet data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +27.6% $63M $56M $73M $104M $116M $90M $68M $140M $80M $77M $53M $50M
Short-term Investments 2-point trend, -13.0% · · · · · · · · · · $48M $55M
Receivables 12-point trend, -24.6% $51M $55M $59M $73M $87M $85M $85M $67M $70M $59M $67M $67M
Prepaid Expense 12-point trend, -45.6% $12M $18M $9M $14M $19M $19M $19M $13M $19M $14M $16M $22M
Current Assets 12-point trend, +2.3% $213M $201M $216M $235M $269M $217M $192M $236M $237M $223M $198M $208M
PP&E (Net) 12-point trend, -65.1% $11M $12M $19M $23M $28M $27M $30M $22M $25M $24M $28M $32M
PP&E (Gross) 12-point trend, -8.7% $68M $74M $83M $89M $98M $95M $92M $85M $84M $77M $76M $75M
Accum. Depreciation 12-point trend, +34.0% $57M $62M $64M $66M $70M $68M $63M $63M $59M $54M $49M $42M
Goodwill 12-point trend, +57.0% $120M $228M $244M $242M $245M $247M $244M $85M $76M $73M $74M $77M
Intangibles 12-point trend, +453.8% $19M $27M $38M $50M $63M $78M $97M $5M $732.0K $1M $2M $3M
Other Non-current Assets 12-point trend, -16.9% $10M $8M $7M $8M $10M $6M $7M $5M $6M $14M $17M $12M
Total Assets 12-point trend, +21.4% $404M $504M $564M $608M $680M $644M $639M $354M $345M $336M $319M $333M
Accounts Payable 12-point trend, -8.8% $832.0K $965.0K $2M $361.0K $840.0K $657.0K $505.0K $588.0K $217.0K $2M $525.0K $912.0K
Accrued Liabilities 12-point trend, +72.3% $62M $58M $81M $91M $98M $77M $80M $54M $50M $41M $41M $36M
Current Liabilities 12-point trend, +32.1% $240M $204M $240M $269M $312M $270M $269M $190M $195M $177M $182M $182M
Capital Leases 7-point trend, -56.0% $30M $25M $38M $51M $65M $70M $67M · · · · ·
Deferred Tax 7-point trend, +5963.9% $6M · · · · · $23M $969.0K $408.0K $100.0K $200.0K $97.0K
Other Non-current Liabilities 10-point trend, -26.9% $2M $11M $11M $17M $24M $23M $24M $12M · · $3M $3M
Total Liabilities 12-point trend, +45.2% $278M $274M $324M $387M $476M $458M $481M $202M $204M $186M $192M $191M
Long-term Debt 5-point trend, -73.2% $35M $35M · · $75M $108M $131M · · · · ·
Total Debt 7-point trend, -73.2% $35M $35M $35M $50M $75M $108M $131M · · · · ·
Common Stock 12-point trend, +22.0% $255.0K $251.0K $247.0K $244.0K $241.0K $236.0K $233.0K $230.0K $224.0K $217.0K $211.0K $209.0K
Retained Earnings 12-point trend, -55.2% $53M $172M $178M $175M $153M $128M $118M $128M $123M $122M $117M $117M
Treasury Stock 12-point trend, +131.3% $230M $227M $211M $207M $192M $172M $172M $172M $162M $122M $120M $99M
AOCI 12-point trend, +32.2% $-1M $-8M $-5M $-8M $-3M $-690.0K $-5M $-5M $-2M $-8M $-5M $-2M
Stockholders' Equity 12-point trend, -10.6% $127M $230M $240M $222M $204M $186M $158M $152M $141M $150M $127M $142M
Liabilities + Equity 12-point trend, +21.4% $404M $504M $564M $608M $680M $644M $639M $354M $345M $336M $319M $333M
Shares Outstanding 12-point trend, +4.7% 19,013,000 18,838,000 19,248,000 19,062,000 19,058,000 19,017,000 18,644,000 18,320,000 18,041,000 18,361,000 17,752,000 18,153,000
Cash Flow 15
Annual Cash Flow data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Stock-based Comp 12-point trend, +64.6% $12M $14M $15M $15M $10M $11M $12M $8M $8M $8M $8M $7M
Deferred Tax 12-point trend, +47.8% $-4M $-58.0K $-5M $-7M $-275.0K $-2M $-4M $3M $6M $3M $-985.0K $-8M
Amort. of Intangibles 12-point trend, +302.8% $9M $10M $12M $13M $15M $20M $23M $1M $781.0K $831.0K $891.0K $2M
Restructuring 3-point trend, -43.5% · · · · · · · · · $1M $4M $2M
Operating Cash Flow 12-point trend, -26.8% $21M $-4M $22M $39M $107M $48M $48M $38M $37M $44M $34M $29M
CapEx 12-point trend, +98.7% $3M $3M $5M $6M $11M $9M $12M $5M $8M $4M $4M $2M
Investing Cash Flow 10-point trend, +21.3% $-14M $5M $-37M $-7M $-29M $-5M $250M $40M $-970.0K $-18M · ·
Stock Repurchased 12-point trend, -96.5% $3M $16M $4M $15M $20M $0 $0 $10M $40M $2M $21M $73M
Net Stock Activity 10-point trend, +96.5% $-3M $-16M $-4M $-15M $-20M · · $-10M $-40M $-2M $-21M $-73M
Dividends Paid 5-point trend, +21.2% · · · · · · · $15M $14M $13M $12M $12M
Financing Cash Flow 10-point trend, -2173.5% $-3M $-16M $-18M $-39M $-49M $-24M $129M $-14M $-38M $-113.0K · ·
Net Change in Cash 12-point trend, +130.2% $7M $-17M $-31M $-12M $27M $21M $-71M $61M $3M $24M $4M $-24M
Taxes Paid 12-point trend, -49.0% $7M $9M $11M $9M $10M $3M $4M $4M $10M $9M $6M $14M
Free Cash Flow 12-point trend, -33.7% $18M $-7M $16M $34M $96M $39M $37M $33M $30M $38M $29M $27M
Levered FCF 4-point trend, +12.4% · · · $32M $93M $35M $28M · · · · ·
Profitability 8
Annual Profitability data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 2-point trend, -5.2% · · · · · · 60.5% 63.7% · · · ·
Operating Margin 8-point trend, -554.9% -28.5% 0.17% 1.4% 6.1% 7.8% 3.6% -0.23% 6.3% · · · ·
Net Margin 8-point trend, -799.3% -30.1% -1.3% 0.63% 4.0% 5.0% 2.2% -2.1% 4.3% · · · ·
Pretax Margin 8-point trend, -557.3% -30.1% 0.61% 1.3% 5.7% 6.7% 2.9% -2.1% 6.6% · · · ·
EBITDA Margin 8-point trend, -554.9% -28.5% 0.17% 1.4% 6.1% 7.8% 3.6% -0.23% 6.3% · · · ·
ROA 12-point trend, -988.2% -26.3% -1.1% 0.52% 3.4% 3.8% 1.6% -1.9% 4.4% 4.5% 5.4% 3.7% 3.0%
ROE 12-point trend, -1428.8% -83.5% -2.5% 1.3% 10.0% 12.3% 5.5% -6.3% 10.3% 10.4% 12.7% 8.9% 6.3%
ROIC 12-point trend, -1021.6% -70.0% -0.61% 1.2% 8.5% 10.4% 4.3% -0.37% 9.7% 10.8% 11.8% 9.2% 7.6%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -22.6% 0.9 1.0 0.9 0.9 0.9 0.8 0.7 1.2 1.2 1.3 1.1 1.1
Quick Ratio 12-point trend, -49.7% 0.5 0.5 0.5 0.7 0.6 0.6 0.6 1.1 0.8 0.8 0.9 0.9
Debt / Equity 7-point trend, -66.5% 0.3 0.2 0.1 0.2 0.4 0.6 0.8 · · · · ·
LT Debt / Equity 7-point trend, -100.0% 0.0 0.2 0.1 0.2 0.4 0.5 0.8 · · · · ·
Interest Coverage 4-point trend, +10039.0% · · · 13.3 9.2 3.0 -0.1 · · · · ·
Efficiency 2
Annual Efficiency data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 8-point trend, -14.6% 0.9 0.8 0.8 0.8 0.7 0.7 0.9 1.0 · · · ·
Receivables Turnover 8-point trend, +43.4% 7.5 7.6 7.3 6.7 5.8 5.3 6.1 5.2 · · · ·
Per Share 7
Annual Per Share data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -14.7% $6.65 $12.18 $12.48 $11.63 $10.70 $9.77 $8.48 $8.28 $7.83 $8.17 $7.17 $7.80
Revenue / Share 8-point trend, +7.3% $20.87 $22.65 $24.97 $28.05 $25.54 $23.71 $24.97 $19.45 · · · ·
Cash Flow / Share 12-point trend, -26.8% $1.11 $-0.20 $1.13 $2.06 $5.53 $2.52 $2.62 $2.09 $2.06 $2.29 $1.79 $1.51
Cash / Share 12-point trend, +21.8% $3.33 $2.98 $3.79 $5.44 $6.07 $4.75 $3.64 $7.66 $4.42 $4.19 $3.00 $2.74
Dividend / Share 5-point trend, +25.0% · · · · · · · $1 $1 $1 $1 $1
Dividend Paid / Share · · · · · · · · · · · $0
EPS (TTM) 12-point trend, -1201.8% $-6.28 $-0.30 $0.16 $1.14 $1.28 $0.53 $0.52 $0.84 $0.83 $0.97 $0.66 $0.57
Growth Rates 7
Annual Growth Rates data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -181.5% -8.2% -10.1% -10.6% 8.8% 10.1% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -516.9% -9.6% -4.4% 2.3% · · · · · · · · ·
Revenue CAGR 5Y -2.4% · · · · · · · · · · ·
EPS YoY 3-point trend, -160.7% · · -86.0% -10.9% 141.5% · · · · · · ·
EPS CAGR 3Y · · -32.9% · · · · · · · · ·
Net Income YoY 3-point trend, -157.8% · · -86.0% -12.2% 148.7% · · · · · · ·
Net Income CAGR 3Y · · -32.7% · · · · · · · · ·
Valuation (TTM) 16
Annual Valuation (TTM) data for FORR
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +34.9% $397M $432M $481M $538M $494M $449M $462M $358M $338M $326M $294M $294M
Net Income TTM 12-point trend, -1198.6% $-119M $-6M $3M $22M $25M $10M $-10M $15M $15M $18M $12M $11M
Market Cap 12-point trend, -78.4% $154M $295M $516M $682M $1.12B $797M $777M $819M $797M $789M $506M $715M
Enterprise Value 7-point trend, -85.0% $126M $274M $478M $628M $1.08B $814M $840M · · · · ·
P/E 12-point trend, -101.9% -1.3 -52.2 167.6 31.4 45.9 79.1 80.2 53.2 53.3 44.3 43.2 69.1
P/S 12-point trend, -84.0% 0.4 0.7 1.1 1.3 2.3 1.8 1.7 2.3 2.4 2.4 1.7 2.4
P/B 12-point trend, -75.8% 1.2 1.3 2.1 3.1 5.5 4.3 4.9 5.4 5.6 5.3 4.0 5.0
P / Cash Flow 12-point trend, -70.5% 7.3 -76.5 23.8 17.3 10.5 16.7 16.1 21.3 21.3 18.8 15.6 24.8
P / FCF 12-point trend, -67.4% 8.5 -40.7 31.9 20.2 11.6 20.5 21.3 24.5 26.9 20.9 17.7 26.2
EV / EBITDA 7-point trend, +99.9% -1.1 370.4 70.7 19.2 27.9 50.3 -781.5 · · · · ·
EV / FCF 7-point trend, -69.7% 7.0 -37.8 29.6 18.6 11.2 21.0 23.0 · · · · ·
EV / Revenue 7-point trend, -82.5% 0.3 0.6 1.0 1.2 2.2 1.8 1.8 · · · · ·
Dividend Yield 5-point trend, +6.0% · · · · · · · 1.8% 1.7% 1.7% 2.4% 1.7%
Earnings Yield 12-point trend, -5433.8% -77.3% -1.9% 0.60% 3.2% 2.2% 1.3% 1.2% 1.9% 1.9% 2.3% 2.3% 1.5%
Payout Ratio 5-point trend, -14.4% · · · · · · · 94.3% 90.0% 73.6% 101.5% 110.1%
Annual Payout 5-point trend, +21.2% · · · · · · · $15M $14M $13M $12M $12M

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 $397M$432M$481M$538M$494M
Operating Margin % -28.5%0.17%1.4%6.1%7.8%
Net Income $-119M$-6M$3M$22M$25M
Diluted EPS $-6.28$-0.30$0.16$1.14$1.28
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.30.20.10.20.4
Current Ratio 0.91.00.90.90.9
Quick Ratio 0.50.50.50.70.6
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $18M$-7M$16M$34M$96M

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Institutional owners (13F) 104 filers · $72.3M 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
24 (+8 vs prior Q) 20 (-3 vs prior Q) 32 (-2 vs prior Q) 32 (+4 vs prior Q) +509K

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
Portolan Capital Management, LLC $13,657,209 1,623,925 18.90% Shares
Nantahala Capital Management, LLC $6,420,581 763,446 8.88% Shares
FIRST MANHATTAN CO. LLC. $6,307,500 750,000 8.73% Shares
Pacific Ridge Capital Partners, LLC $5,931,943 705,344 8.21% Shares
VANGUARD CAPITAL MANAGEMENT LLC $4,208,322 500,395 5.82% Shares
RENAISSANCE TECHNOLOGIES LLC $3,517,112 418,206 4.87% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $3,083,854 366,689 4.27% Shares
AQR CAPITAL MANAGEMENT LLC $2,931,667 348,593 4.06% Shares
Quantinno Capital Management LP $2,432,130 289,195 3.37% Shares
Ancora Advisors LLC $2,269,783 269,891 3.14% Shares
ArrowMark Colorado Holdings LLC $1,949,505 231,808 2.70% Shares
DIMENSIONAL FUND ADVISORS LP $1,615,368 192,077 2.23% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,206,180 143,387 1.67% Shares
TWO SIGMA INVESTMENTS, LP $1,111,819 132,202 1.54% Shares
Nierenberg Investment Management Company, LLC $1,102,635 131,110 1.53% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $1,039,619 123,617 1.44% Shares
TWO SIGMA ADVISERS, LP $859,932 105,903 1.19% Shares
KESTREL INVESTMENT MANAGEMENT CORP $769,515 91,500 1.06% Shares
Trexquant Investment LP $646,864 76,916 0.89% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $626,974 74,551 0.87% Shares
VANGUARD FIDUCIARY TRUST CO $588,835 70,016 0.81% Shares
Qube Research & Technologies Ltd $580,223 68,992 0.80% Shares
MORGAN STANLEY $577,885 68,714 0.80% Shares
MARSHALL WACE, LLP $554,867 65,977 0.77% Shares
STATE STREET CORP $548,441 65,213 0.76% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $545,422 64,854 0.75% Shares
JANE STREET GROUP, LLC $494,247 58,769 0.68% Shares
Russell Investments Group, Ltd. $389,499 46,313 0.54% Shares
MILLENNIUM MANAGEMENT LLC $368,013 43,759 0.51% Shares
AMERIPRISE FINANCIAL INC $336,947 40,065 0.47% Shares
MERCER GLOBAL ADVISORS INC /ADV $324,441 38,578 0.45% Shares
HSBC HOLDINGS PLC $322,002 38,425 0.45% Shares
FEDERATED HERMES, INC. $305,165 36,286 0.42% Shares
BANK OF AMERICA CORP /DE/ $296,057 35,203 0.41% Shares
BARCLAYS PLC $277,168 32,957 0.38% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $275,781 32,792 0.38% Shares
NORTHERN TRUST CORP $239,416 28,468 0.33% Shares
IEQ CAPITAL, LLC $227,406 27,040 0.31% Shares
Vanguard Personalized Indexing Management, LLC $226,170 26,893 0.31% Shares
Aster Capital Management (DIFC) Ltd $215,380 25,610 0.30% Shares
Bank of New York Mellon Corp $212,723 25,294 0.29% Shares
BlackRock, Inc. $208,736 24,820 0.29% Shares
XTX Topco Ltd $198,972 23,659 0.28% Shares
Cubist Systematic Strategies, LLC $190,249 17,948 0.26% Shares
D. E. Shaw & Co., Inc. $179,881 21,389 0.25% Shares
GOLDMAN SACHS GROUP INC $170,303 20,250 0.24% Shares
Inscription Capital, LLC $166,989 19,856 0.23% Shares
Mariner, LLC $156,183 18,571 0.22% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $136,420 13,642 0.19% Shares
Squarepoint Ops LLC $132,264 15,727 0.18% Shares
OPPENHEIMER ASSET MANAGEMENT INC. $131,802 15,672 0.18% Shares
PNC Financial Services Group, Inc. $126,705 15,066 0.18% Shares
Focus Partners Wealth $109,548 13,026 0.15% Shares
Steward Partners Investment Advisory, LLC $101,185 12,032 0.14% Shares
AMERICAN CENTURY COMPANIES INC $98,548 11,718 0.14% Shares
Arax Advisory Partners $84,764 10,079 0.12% Shares
FMR LLC $80,660 9,591 0.11% Shares
Versant Capital Management, Inc $70,308 8,360 0.10% Shares
CWM, LLC $52,802 9,329 0.07% Shares
RHUMBLINE ADVISERS $51,594 6,135 0.07% Shares
Vanguard Global Advisers, LLC $34,052 4,049 0.05% Shares
VANGUARD GROUP INC $32,878 4,049 0.05% Shares
BNP PARIBAS FINANCIAL MARKETS $30,091 3,578 0.04% Shares
Clear Street Group Inc. $26,189 3,114 0.04% Shares
ELKHORN PARTNERS LIMITED PARTNERSHIP $25,230 3,000 0.03% Shares
GAMMA Investing LLC $12,674 1,507 0.02% Shares
Integrated Wealth Concepts LLC $9,733 1,157 0.01% Shares
SEI INVESTMENTS CO $6,970 827 0.01% Shares
SIMPLEX TRADING, LLC $6,433 765 0.01% Shares
Tieton Capital Management, LLC $6,370 757,476 0.01% Shares
Allworth Financial LP $5,677 675 0.01% Shares
Essential Partners LLC $5,475 651 0.01% Shares
Nuveen Asset Management, LLC $4,341 277 0.01% Shares
ACADIAN ASSET MANAGEMENT LLC $3,609 429,610 0.00% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $3,504 619 0.00% Shares
Invesco Ltd. $2,658 316 0.00% Shares
OSAIC HOLDINGS, INC. $2,463 293 0.00% Shares
US BANCORP \DE\ $2,313 275 0.00% Shares
JPMORGAN CHASE & CO $1,827 217 0.00% Shares
Physician Wealth Advisors, Inc. $1,489 177 0.00% Shares
IFP Advisors, Inc $1,346 160 0.00% Shares
Farther Finance Advisors, LLC $1,279 152 0.00% Shares
True Wealth Design, LLC $1,178 140 0.00% Shares
ROTHSCHILD INVESTMENT LLC $1,076 128 0.00% Shares
Fortitude Family Office, LLC $1,034 123 0.00% Shares
Rialto Wealth Management, LLC $665 79 0.00% Shares
GSA CAPITAL PARTNERS LLP $541 64,275 0.00% Shares
PRICE T ROWE ASSOCIATES INC /MD/ $461 54,743 0.00% Shares
COOPER CREEK PARTNERS MANAGEMENT LLC $393 46,779 0.00% Shares
Transamerica Financial Advisors, LLC $311 37 0.00% Shares
EverSource Wealth Advisors, LLC $235 28 0.00% Shares
UBS Group AG $235 28 0.00% Shares
Sunbelt Securities, Inc. $209 37 0.00% Shares
WELLS FARGO & COMPANY/MN $168 20 0.00% Shares
SJS Investment Consulting Inc. $135 16 0.00% Shares
Caitong International Asset Management Co., Ltd $93 11 0.00% Shares
Wealth Enhancement Trust Services, Inc. $93 11 0.00% Shares
Optiver Holding B.V. $50 6 0.00% Shares
NISA INVESTMENT ADVISORS, LLC $50 6 0.00% Shares
Clearstead Advisors, LLC $17 2 0.00% Shares

Company insiders 57 insiders · 42 officers · 15 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
George F Colony Chairman and CEO June 13, 2024 G 544,798 0 0 $0
Leo Christian Finn Chief Financial Officer April 1, 2026 A 41,476 0 0 $0
Michael A Doyle Chief Financial Officer Dec. 15, 2020 M 44,429 0 0 $0
Warren Hadley Chief Financial Officer June 15, 2006 M 5,667 0 0 $0
Dennis Van Lingen President, EMEA Aug. 3, 2015 A 3,383 0 0 $0
Robert W Davidson President, Europe April 28, 2006 M 0 0 0 $0
Charles Rutstein Chief Operating Officer Sept. 10, 2012 M 2,125 0 0 $0
Christophe Favre Chief Sales Officer Aug. 1, 2026 M 14,071 0 0 $0
Andrew Cox Chief Marketing Officer Aug. 1, 2026 M 5,675 0 0 $0
Michael Facemire Chief Technology Officer Aug. 1, 2026 M 8,109 0 0 $0
Scott Chouinard Chief Accounting Officer Aug. 1, 2026 M 15,264 0 0 $0
Jobina Gonsalves Chief People Officer June 1, 2026 M 10,230 0 0 $0
Sharyn Leaver Chief Research Officer April 1, 2026 A 28,804 0 0 $0
Ryan Darrah Chief Legal Officer April 1, 2026 A 32,244 0 0 $0
Nathaniel Swan Chief Sales Officer April 1, 2025 A 9,666 0 0 $0
Shirley Macbeth Chief Marketing Officer Aug. 1, 2024 M 14,020 0 0 $0
Steven P. Peltzman CBTO Aug. 1, 2024 M 21,067 0 0 $0
Michael Kasparian Chief Information Officer June 1, 2024 M 17,169 0 0 $0
Sarah Le Roy Chief People Officer May 1, 2023 M 1,603 0 0 $0
Alicia Lee Chief Consulting Officer Dec. 15, 2022 S 5,407 0 0 $0
Kelley Hippler Chief Sales Officer Aug. 12, 2022 M 28,346 0 0 $0
Sherri Kottmann Chief People Officer Aug. 2, 2021 A 5,112 0 0 $0
Mack Brothers Chief Product Officer Aug. 1, 2019 A 21,917 0 0 $0
Victor Milligan Chief Marketing Officer Aug. 1, 2019 A 14,297 0 0 $0
Cliff Condon Chief Research Officer Sept. 1, 2018 M 23,415 0 0 $0
Lucia Luce Quinn Chief People Officer Aug. 3, 2018 M 21,814 0 0 $0
Michael Morhardt Chief Sales Officer June 8, 2017 S 5,176 0 0 $0
MANN GAIL Chief Legal Officer Nov. 16, 2016 M 6,136 0 0 $0
Thomas R. Pohlmann Officer June 3, 2014 M 1,114 0 0 $0
Ellen Daley Managing Director, Tech. Ind. June 3, 2013 A 656 0 0 $0
Gregory Nelson Chief Sales Officer May 14, 2012 A 641 0 0 $0
Elizabeth A Lemons Chief People Officer May 14, 2012 A 0 0 0 $0
Dwight Griesman Chief Marketing Officer Feb. 14, 2012 M 264 0 0 $0
Mark R Nemec Managing Director, Tech. Ind. July 1, 2011 A 0 0 0 $0
George Orlov Chief Technology Officer May 27, 2011 M 0 0 0 $0
Julie H Meringer Managing Director, IT Dec. 6, 2010 M 1,300 0 0 $0
Brian Kardon Chief Marketing Officer Dec. 5, 2007 M 3,714 0 0 $0
Daniel Mahoney Chief Research Officer Dec. 14, 2006 M 3,650 0 0 $0
Timothy Riley Chief People Officer Aug. 22, 2006 M 0 0 0 $0
Richard Belanger Chief Technology Officer Nov. 8, 2004 S 0 0 0 $0
Tahar Bouhafs Managing Director Nov. 3, 2004 M 0 0 0 $0
Emily Nagle Green Managing Director Oct. 27, 2003 M 16,136 0 0 $0
Neil Bradford Director June 1, 2026 F 45,602 0 0 $0
Cory Munchbach Director May 12, 2026 A 22,737 0 0 $0
Robert Paul Bennett Director May 12, 2026 A 27,305 0 0 $0
Anthony J Friscia Director May 12, 2026 A 41,938 0 0 $0
Warren N Romine Director May 12, 2026 A 29,702 0 0 $0
David Boyce Director June 3, 2024 A 20,362 0 0 $0
Yvonne Wassenaar Director June 3, 2024 A 26,423 0 0 $0
Robert Galford Director June 3, 2024 A 27,226 0 0 $0

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

Activists & 5%+ owners 1 position

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
P2 Capital Partners, LLC, P2 Capital Master Fund I, L.P., P2 Capital Master Fund VI, L.P., P2 Capital Master Fund XII, L.P., Claus Moller ×7 filings March 1, 2017 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 17 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
FSCC · Federated Hermes ETF Trust 0.09% 34,139 NS May 31, 2026 N-PORT
IWC · iShares Trust 0.03% 40,637 SH Aug. 8, 2026 Daily
GSSC · Goldman Sachs ETF Trust 0.01% 17,080 NS May 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.01% 12,849 SH Aug. 8, 2026 Daily
AVSC · AMERICAN CENTURY ETF TRUST 0.00% 11,718 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.00% 65,328 NS April 30, 2026 N-PORT
RSSL · Global X Funds 0.00% 5,162 NS April 30, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.00% 30,470 NS May 31, 2026 N-PORT
ITWO · ProShares Trust 0.00% 539 NS May 31, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.00% 57,881 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.00% 421 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 426 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 11 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 7,000 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 135,053 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 351,436 SH Aug. 8, 2026 Daily
VIS · VANGUARD WORLD FUND 0.00% 15,003 SH Aug. 8, 2026 Daily