Piper Sandler Companies · Brief

Next report

94 days

Feb 5 · before openest.Q4 FY26

Expected move

No implied move.

8 reportsHistory

1 of 7≥ implied

Jan 31 '25±6.2%▲+2.30%×0.37

May 2 '25±7.3%▲+3.73%×0.51

Aug 1 '25±5.8%▼−1.18%×0.20

Q3 FY25±7.3%▼−2.40%×0.33

Feb 6 '26±7.2%▲+9.88%×1.36

Q1 FY26—▼−8.92%—

Q2 FY26±8.7%▲+3.20%×0.37

Oct 30 '26±8.0%thin chain▼−7.14%×0.89

quarterimplied−10%0+10%realized×

Oct '26±8.0%▼−7.14%×0.89

Q2 FY26±8.7%▲+3.20%×0.37

Q1 FY26—▼−8.92%—

Feb '26±7.2%▲+9.88%×1.36

Q3 FY25±7.3%▼−2.40%×0.33

Aug '25±5.8%▼−1.18%×0.20

2 older reports

May '25±7.3%▲+3.73%×0.51

Jan '25±6.2%▲+2.30%×0.37

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Feb 5 report · est.

Bull2 of 4

415managers reporting a position in the latest quarterly filings13F · Jun 30 '26

6disclosed supplier and customer ties in SEC filingsSEC filings

Bear1

8 of 22of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

AI captions · Nov 2 '26once per report · top 2 per case

PIPR report session

Customers 1

× = co-movement · max 500dSource: SEC filings · market data

Oct 16impliedImplied move: ±10.0% into Oct 30 earnings (Oct 16 close).Source

privateThesis 0 · Decisions 0 · Observations 0

No thesis.