Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$1.78M (9 inflow days, 11 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 40.5% of shares outstanding.
Reported short interest has fallen from 25.95% to 21.87% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Voss Capital, LP | Hedge Fund | 2026/Q3 | +1,044,900 | 14.3% |
| BlackRock | Mutual Fund | 2026/Q3 | +570,521 | 9.8% |
| Buckley Capital Advisors, LLC | Hedge Fund | 2026/Q3 | +514,659 | 1.2% |
| Samjo Management, LLC | Mutual Fund | 2026/Q3 | +508,520 | 2.0% |
| Two Sigma Investments, LP | Hedge Fund | 2026/Q3 | +421,491 | 1.0% |
| Rice Hall James & Associates, LLC | Mutual Fund | 2026/Q3 | +378,930 | 0.9% |
| Hudson River Trading LLC | Private Company | 2026/Q3 | +348,515 | 1.4% |
| Jane Street Group, LLC | Private Company | 2026/Q3 | +326,310 | 1.6% |
| Divisadero Street Capital Management, LP | Hedge Fund | 2026/Q3 | +267,965 | 0.6% |
| Redmond Asset Management, LLC | Mutual Fund | 2026/Q3 | +247,339 | 0.8% |
| Goldman Sachs Asset Management, L.P. | Mutual Fund | 2026/Q3 | +240,553 | 0.9% |
| Millennium Management LLC | Hedge Fund | 2026/Q3 | +239,831 | 0.9% |
| Ayal Capital Advisors Limited | Hedge Fund | 2026/Q3 | +226,862 | 1.1% |
| D. E. Shaw & Co., L.P. | Hedge Fund | 2026/Q3 | +218,421 | 1.8% |
| Segall Bryant & Hamill, LLC | Mutual Fund | 2026/Q3 | +203,675 | 1.3% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 7 Sep 2026 | Elizabeth Codner | Chief Human Resources Officer | Automatic Disposition | -653 | $19.29 | 1,725 |
| 13 Aug 2026 | Oliver Ostertag | General Manager of Operator Cloud | Open Market Disposition | -11,829 | $18.75 | – |
| 11 Aug 2026 | Narinder Singh | Independent Director | Open Market Acquisition | +11,517 | $17.36 | 27,037 |
| 11 Jun 2026 | Keith Pascal | Independent Director | Open Market Acquisition | +13,000 | $15.16 | 30,259 |
| 11 Jun 2026 | Voss Capital, LP | Open Market Acquisition | +350,000 | $14.98 | 6,200,000 | |
| 7 Jun 2026 | James Stoffel | Lead Independent Director | Other Acquisition | +11,490 | – | 11,490 |
| 7 Jun 2026 | Cynthia Russo | Independent Director | Other Acquisition | +11,490 | – | 11,490 |
| 7 Jun 2026 | Keith Pascal | Independent Director | Other Acquisition | +11,490 | – | 11,490 |
| 7 Jun 2026 | Linda Crawford | Director | Other Acquisition | +11,490 | – | 11,490 |
| 7 Jun 2026 | Douglas Rauch | Independent Director | Other Acquisition | +11,490 | – | 11,490 |
| 7 Jun 2026 | Narinder Singh | Independent Director | Other Acquisition | +11,490 | – | 11,490 |
| 2 Jun 2026 | Michael Steenberge | Chief Accounting Officer | Automatic Disposition | -498 | $14.20 | 16,936 |
| 1 Jun 2026 | Catherine King | Chief Legal Officer | Derivative Exercise and Sale | -20,000 | $15.38 | 35,049 |
| 14 May 2026 | Voss Capital, LP | Open Market Acquisition | +719,900 | $14.67 | 5,850,000 | |
| 10 May 2026 | Catherine King | Chief Legal Officer | Other Acquisition | +66,293 | – | 87,870 |
| 10 May 2026 | Savneet Singh | Chief Executive Officer | Other Acquisition | +206,246 | – | 348,200 |
| 10 May 2026 | Bryan Menar | CFO & VP | Other Acquisition | +79,552 | – | 102,650 |
| 10 May 2026 | Michael Steenberge | Chief Accounting Officer | Other Acquisition | +26,517 | – | 36,510 |
| 10 May 2026 | Oliver Ostertag | General Manager of Operator Cloud | Other Acquisition | +66,293 | – | 113,894 |
| 10 May 2026 | Elizabeth Codner | Chief Human Resources Officer | Other Acquisition | +24,307 | – | 31,442 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 9,044,818 | 21.9% | 10.8 |
| 31 Aug 2026 | 9,172,418 | 22.2% | 11.1 |
| 14 Aug 2026 | 9,708,135 | 23.5% | 9.6 |
| 31 Jul 2026 | 9,837,455 | 23.9% | 11.5 |
| 15 Jul 2026 | 10,201,538 | 24.7% | 10.2 |
| 30 Jun 2026 | 10,702,543 | 25.9% | 7.9 |
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