Stock Ratings / Technology / FATN / options

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FatPipe Inc. (FATN) Options Positioning, Max Pain & Unusual Sweeps

$5.10 -3.77% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $5.06

FatPipe Inc. (FATN) carries a Roarable Rating of D+ (Sell) with 55/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 55/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.5% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $72.1M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on FATN Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FATN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, FatPipe Inc. (NASDAQ: FATN) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 55/100 at a spot price of $5.10 (-3.77% 1D, market cap $72.1M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 9/20, Executive Insider Alignment 16/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 10/20. Across 714 tracked Technology issuers, FATN ranks #280 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FATN compare to AISP and CCLD in the Technology sector?

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Within the Technology sector (Computer Software: Prepackaged Software), FATN carries a Roarable D+ (55/100 RQD), trailing P/E of 15.1x, gross margin of 91.0%, and ROIC of 13.4%. By comparison, AISP (Airship AI Holdings Inc. (Class A)) holds a E grade (16/100 RQD, P/E N/A, ROIC -35.0%, cap $71.6M) and CCLD (CareCloud Inc.) posts a D grade (51/100 RQD, P/E N/A, ROIC 15.1%, cap $74.8M). Among the 5-stock peer group, FATN leads on earnings multiple (15.1x) while CCLD leads on capital efficiency (15.1% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FATN?

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Per FATN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2026-03-31, CIK 0001993400), FatPipe Inc. generated $19.2M in revenue (+17.9% YoY), $5.0M in net income, and -$832.9K in free cash flow against $32.4M in total assets and $0 in total debt. Key quantitative strengths: Clean SEC annual filing review with no major hidden accounting time-bombs.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $5.06 (-0.87%)🧬 Disciplined Float (+0.52% YoY Shares)⚙️ Cash Engine: 9/20 (D) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 55/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.5% avg 90D alpha vs SPY • 51.4% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk C+

Each axis scored 0–20

12M PRICE TARGET CONE-1.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FATN)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (55/100 Composite)

🔍 WHY FATN SCORES 55/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+16/20 pts (29% of score)

Altman Z-Score 5.87 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9

▲ #2 Bullish Driver: Macro Regime Fit+11/20 pts (20% of score)

FRED Regime × Technicals: 52% of 52W Range • RSI-14 at 45 (NEUTRAL RANGE)

▼ #1 Drag / Risk Factor: Whale & Options Positioning9/20 pts (-11 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-11 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$4.96+7.7% Next Q

Q2 (-2Q)

Grade C-$5.34-4.1% Next Q

Q3 (-1Q)

Grade C-$5.12-0.4% Next Q

Current

Grade D+$5.10-0.5% Hist 90D α

Trajectory: D (47) → D+ (55)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the FATN Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 55/100 (D+) score, FATN faces multiple-compression risk if 15.1x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Company executives have done more routine share selling than personal cash buying lately.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Disciplined Float (+0.52% YoY Shares) — any gross margin slip below 88.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($5.46) or 200D SMA ($4.21) invalidates the momentum regime and cuts Target Base ($5.03) toward Bear Floor ($3.92).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FATN• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “FATN Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 55%NO 45%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±12.5%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (FATN)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for FATN.

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring FATN)

✓Walkthrough of FATN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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FATN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +63.99%▼ DESCENDING CHANNEL

2026-11-03O $5.30H $5.30L $5.10C $5.10VOL 36.3K

RES: $5.82SUP: $4.37SMA50: $5.46SMA200: $4.21

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FATN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 FATN Butterfly Map → + Track FATN →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

7.3%/yr Implied 5Y Growth

vs. +17.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FATN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FATN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for FATN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FATN)

Technology Rank #280 of 714 ⚔️ AISP vs FATN Full Matrix →

1. Head-to-Head Technology Peer Comparison (FATN vs. AISP, CCLD, CMCM, ROC)

Industry: Computer Software: Prepackaged Software (222 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, FatPipe Inc. (FATN) ranks #280 by composite RQD confidence (55/100, grade D+) and #538 by equity capitalization ($72.1M). Within this direct 5-issuer industry benchmark cohort, FATN leads on earnings valuation at 15.1x trailing P/E, while CCLD leads on capital efficiency and profitability with 15.1% ROIC and — gross margin. FATN currently leads its immediate peer cohort in composite quantitative strength at 55/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
FATN ACTIVE FatPipe Inc.	D+	55/100	15.1x	91.0%	13.4%	-3.77%	$72.1M	Benchmark Subject
AISP Airship AI Holdings Inc. (Class A)	E	16/100	—	—	-35.0%	-7.56%	$71.6M	/aisp-vs-fatn →
CCLD CareCloud Inc.	D	51/100	—	—	15.1%	-2.22%	$74.8M	/ccld-vs-fatn →
CMCM Cheetah Mobile Inc. each representing fifty (50) (Class A)	E	24/100	—	72.5%	-35.0%	-0.41%	$75.8M	/cmcm-vs-fatn →
ROC Rank One Computing Corporation	E	27/100	—	77.2%	-35.0%	-5.88%	$67.2M	/roc-vs-fatn →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2026-03-31 • CIK 0001993400

In its most recent audited fiscal period (FY2025, filed 2026-03-31), FatPipe Inc. (FATN) reported GAAP revenue of $19.2M (+17.9% vs. FY2024 revenue of $16.3M , and +7.5% cumulative change since FY2023) , GAAP net income of $5.0M, operating cash flow of -$780.4K, and free cash flow of -$832.9K (-59.0% YoY). On the balance sheet, FATN closed FY2025 with $32.4M in total assets against $0 in total debt (Altman Z-Score: 5.87, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2026-03-31	$19.2M	$5.0M	-$780.4K	-$832.9K	$32.4M	—
FY2024 (FY)	2025-03-31	$16.3M	$2.0M	-$504.1K	-$523.9K	—	—
FY2023 (FY)	2024-03-31	$17.9M	$4.4M	-$363.4K	-$363.4K	—	—

3. FATN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FATN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does FATN compare to AISP and CCLD in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for FATN?

Where is FATN trading relative to its 50-day, 200-day, and 52-week technical levels?

FATN last traded at $5.10 (-3.77% on volume of 36,314 shares), positioning the stock -6.59% below its 50-day simple moving average ($5.46) and +21.14% above its 200-day simple moving average ($4.21). Across its 52-week range of $1.31 to $8.61, FATN sits at the 51.9% percentile with a 14-day RSI of 45.0 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($4.46 to $5.74).

FATN Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is FATN's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for FATN.

Direct Sub-Reports: FATN RQD Cockpit FATN 12M Forecast FATN Earnings & Move FATN Dividends & DRIP FATN Insiders & 13F FATN Whale Options FATN Profit Sankey FATN News & Why

ROARABLE RATING BRIEF • RQD 55/100 (D+) ✓ STAGE-C NUMBER FIREWALL VERIFIED

FATN — FatPipe Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:45:25Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, FatPipe Inc. scores 56 out of 100, a letter grade of D+, with the verdict label "Roarable Sell — Weak Fundamentals / Trim." The five pillars are:

Fundamental Cash Engine: 9 / 20. This is the weakest pillar relative to its weight. The rating cites ROIC of 13.4% but a negative FCF yield of -1.11%. For an investor, this means the business earns a reasonable return on invested capital on paper, yet does not convert that into free cash flow available to shareholders at the current valuation.
Whale 13F Flow: 10 / 20. Institutional accumulation and options positioning score below midpoint. Per the source, no holder data is populated, so the score reflects limited evidence of smart-money conviction.
Insider Conviction: 10 / 20. SEC Form 4 and Congressional PTR cluster flow score below midpoint. The <holders> section is empty, so the investor cannot verify insider buying or selling from the supplied data.
Macro Regime Fit: 11 / 20. Beta is 1.0 and the rating notes sector sensitivity. The stock moves in line with the broader market rather than offering a defensive or asymmetric profile.
Forensic Balance Sheet: 16 / 20. This is the strongest pillar, citing Altman Z 5.87, Piotroski F 5/9, and Debt/Equity 0.5. These readings point to a balance sheet that is comparatively sound and not a primary source of concern.

Investor implications. The upside case rests on the balance sheet quality and the reported profitability (net margin 25.9%, operating margin 18.7%). The valuation tradeoff is that the stock trades at EV/EBITDA of 20.6 while free cash flow is negative, so earnings quality and cash conversion are the central questions. The sell-leaning verdict reflects that earnings have not translated into free cash flow and that institutional and insider signals are weak or unavailable in the source. This is an educational summary of the rating's construction, not personalized advice.

Snapshot

Price	Market Cap	P/E (TTM)	Forward P/E	EV/EBITDA	EPS (TTM)	Dividend Yield	Beta	52-Wk Range	ROIC %
5.3	$74.9M	15.1	12.7	20.6	0.35	0%	1.0	$1.31 - $8.61	13.4%

Business

FatPipe Inc. is a NASDAQ-listed issuer classified in the Technology sector and the Computer Software: Prepackaged Software industry. Per the profile, the company has a market capitalization of $0.1B. Not available in source data: product descriptions, customer base, and revenue model detail.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025 (filed 2026-03-31)	$19.2M	$3.6M	$5.0M	Not available in source data	$-0.8M	Not available in source data	Not available in source data
FY 2024 (filed 2025-03-31)	$16.3M	$3.5M	$2.0M	Not available in source data	$-0.5M	Not available in source data	Not available in source data
FY 2023 (filed 2024-03-31)	$17.9M	$5.6M	$4.4M	Not available in source data	$-0.4M	Not available in source data	Not available in source data

Per the SEC financials, revenue rose from $16.3M in FY 2024 to $19.2M in FY 2025, while operating income declined from $5.6M in FY 2023 to $3.6M in FY 2025. Free cash flow was negative in all three reported periods. Per the market data, gross margin is 91%, operating margin 18.7%, net margin 25.9%, and ROIC 13.4%. Per the Roarable RQD rating, the Altman Z-Score is 5.87, the Piotroski F-Score is 5/9, and Debt/Equity is 0.5, which together indicate a comparatively sound balance sheet.

Recent Catalysts & News Wire Analysis

Refinancing (CATALYST context): Multiple wire items report that FatPipe refinanced existing debt and lowered its borrowing rate by approximately 110 bps. This is the most concrete balance-sheet item in the news set.
Investor webinar: A wire item announces an investor webinar on November 4 to present Q2 financial results. This is a scheduled near-term event; the results themselves are not available in source data.
Maxim Growth Summit: A wire item states FatPipe will attend the 2026 Maxim Growth Summit.
Strategic profitability: A Kalkine item asks how FatPipe is building profitable growth; no further detail is available in source data.

Risk watch items: the Q2 results have not been released in the supplied data, and the negative free cash flow across all reported periods remains unaddressed. Proprietary signals: Not available in source data (the Butterfly graph contains no proprietary signals).

Open Questions

What were FatPipe's cash, debt, and EPS balances in each reported period, given these fields are N/A in the financials?
Why has free cash flow remained negative across FY 2023 through FY 2025 despite positive net income in two of those years?
What are the Q2 results to be presented on November 4, and do they confirm or contradict the FY 2025 revenue growth?
What is the terms and size of the debt refinancing, and how much interest expense does the ~110 bps reduction imply?
Who are the institutional and insider holders, given the holders section is empty?

FATN Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for FatPipe Inc. (FATN) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FATN Debate Forum (3) ↓

🟢 CATALYST Yahoo Finance • 17h ago

FatPipe, Inc. (NASDAQ: FATN) to Attend the 2026 Maxim Growth Summit

Yahoo Finance report covering FatPipe Inc. (FATN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 20h ago

FatPipe, Inc. (NASDAQ: FATN) is Pleased to Announce Its Investor Webinar on November 4 to Present Q2 Financial Results

Yahoo Finance report covering FatPipe Inc. (FATN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 23h ago

Second-quarter results and investor questions are on FatPipe's Nov. 4 agenda.

Stock Titan report covering FatPipe Inc. (FATN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

FatPipe, Inc. (FATN) Refinances Debt, Lowers Borrowing Rate by ~110 bps

TradingView report covering FatPipe Inc. (FATN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

FatPipe (NASDAQ: FATN) Refinances Existing Debt and Reduces Borrowing Costs

Yahoo Finance report covering FatPipe Inc. (FATN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Kalkine • 1d ago

How is FatPipe (FATN) building profitable growth?

Kalkine report covering FatPipe Inc. (FATN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE https://www.siam.in/ • 1d ago

FatPipe (FATN) Edges Up 1.22% to $5.41, Holding Mid-Range Between Key Levels - Sweep Order Flow

https://www.siam.in/ report covering FatPipe Inc. (FATN) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FATN Bull vs. Bear Conversation Board — What's Your Call at $5.10?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FATN 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $5.72 (+7.9%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is FATN (D+ • RQD 56/100) a Buy at $5.30?

Welcome to the FATN (FatPipe Inc.) Roar Pit. Current RQD Composite is 56/100 (Roarable Sell — Weak Fundamentals / Trim) in Computer Software: Prepackaged Software. Bulls point to capital efficiency (13.4% ROIC), while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

BE BearTrap_Alert Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $3.98 (-24.9%)

Spot @ $5.30

Pump the brakes on FATN — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on FATN, but look at what you are paying: 15.1x trailing P/E with 91.0% gross margins. Unless FatPipe Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

DE DeltaGamma_99 Verified K Arena Trader 🐂 BULLISH 🎯 Target: $6.25 (+17.9%)

Spot @ $5.30

FATN cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on FATN, the market is fixating on short-term headline noise in Computer Software: Prepackaged Software and ignoring the balance sheet and cash flow trajectory. At $5.30 (52-wk range $1.31 - $8.61), any beat on forward guidance forces shorts and underweight funds to chase.