What is PIPR's options positioning and volatility profile?

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

Stock Ratings / Financials / PIPR / options

MRX (59) BGC (65) CII (45) MKTX (83) ⌘ Pro Terminal →

Piper Sandler Companies (PIPR) Options Positioning, Max Pain & Unusual Sweeps

$67.42 +5.66% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $67.98

Piper Sandler Companies (PIPR) carries a Roarable Rating of C (Hold) with 63/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C • HOLD / WATCH Cap $4.51B

📤 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 PIPR Below — or Connect Your Own ChatGPT / Claude

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

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As of 2026-11-03, Piper Sandler Companies (NYSE: PIPR) is rated C (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 63/100 at a spot price of $67.42 (+5.66% 1D, market cap $4.51B). Pillar breakdown: Fundamental Cash Engine 18/20, Institutional 13F & Options Flow 5/20, SEC Balance-Sheet Forensics 15/20, FRED Macro Regime Fit 7/20, and Executive Insider Alignment 18/20. Across 1097 tracked Financials issuers, PIPR ranks #301 in composite RQD confidence.

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

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does PIPR compare to MRX and BGC in the Financials sector?

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Within the Financials sector (Investment Bankers/Brokers/Service), PIPR carries a Roarable C (63/100 RQD), trailing P/E of 17.3x, gross margin of —, and ROIC of 18.3%. By comparison, MRX (Marex Group Limited) holds a C- grade (59/100 RQD, P/E 32.8x, ROIC 9.9%, cap $4.77B) and BGC (BGC Group Inc. (Class A)) posts a C grade (65/100 RQD, P/E 36.3x, ROIC 15.1%, cap $5.24B). Among the 5-stock peer group, PIPR leads on earnings multiple (17.3x) while MKTX leads on capital efficiency (28.4% 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 PIPR?

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Per PIPR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001230245), Piper Sandler Companies generated $1.83B in revenue (+21.7% YoY), $281.3M in net income, and $504.1M in free cash flow against $2.59B in total assets and $454.4M in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Primary risk factors monitored: Sensitive to high interest rates and tighter Federal Reserve market liquidity. 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: $67.98 (+0.83%)🧬 Cannibal Buyback (-2.92% YoY Shares)⚙️ Cash Engine: 18/20 (A) • 27.5% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 63/100 (C) historically posted market-perform odds over rolling 90-day windows (+0.9% avg 90D alpha vs SPY • 54.8% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C

2-of-3 JEV AI Jury Bullish

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 C+ · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE+2.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for PIPR)Realized 20D OHLCV Swing Band: ±7.4%

Deterministic 5-Pillar Attribution (63/100 Composite)

🔍 WHY PIPR SCORES 63/100 (C) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+18/20 pts (29% of score)

SEC XBRL FY 2025 (10-K): 27.5% FCF Margin ($504.1M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+18/20 pts (29% of score)

SEC Form 4 / 13F Thermometer: 86% Net Buy • Cannibal Buyback (-2.92% YoY Shares)

▼ #1 Drag / Risk Factor: Whale & Options Positioning5/20 pts (-15 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-15 pts vs max)

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

Q1 (-3Q)

Grade C$64.48-0.1% Next Q

Q2 (-2Q)

Grade C$64.40+4% Next Q

Q3 (-1Q)

Grade C$66.96+0.7% Next Q

Current

Grade C$67.42+0.9% Hist 90D α

Trajectory: C (55) → C (63)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 PIPR Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 63/100 (C) score, PIPR faces multiple-compression risk if 17.3x 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

Sensitive to high interest rates and tighter Federal Reserve market liquidity.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.92% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($69.42) or 200D SMA ($76.69) invalidates the momentum regime and cuts Target Base ($68.94) toward Bear Floor ($53.77).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $PIPR• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “PIPR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 63%NO 37%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

±7.4%

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

Active Strike Call vs. Put Concentration Ladder (PIPR)

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

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher + Options & Swing Structure Desk

Whale Flow & Momentum Playbook: Evaluating PIPR & AI Leaders Without Chasing Tops

✓Institutional whale strikes & implied earnings move audit on PIPR
✓How disciplined traders manage risk using pre-published trigger & invalidation levels
✓Includes nightly RQD rating-change & forensic signal email alerts on tracked leaders

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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PIPR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -13.20%▼ DESCENDING CHANNEL

2026-11-03O $68.72H $68.72L $63.81C $67.42VOL 1.58M

RES: $75.37SUP: $59.14SMA50: $69.42SMA200: $76.69

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

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

🦋 PIPR Butterfly Map → + Track PIPR →

Share Count & Dilution Monitor

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

Reverse-DCF Expectations Hurdle

10.3%/yr Implied 5Y Growth

vs. +21.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

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

🦋 Documented & Second-Order Butterfly Connections Open Graph →

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

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for PIPR 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 (PIPR)

Financials Rank #301 of 1097 ⚔️ MRX vs PIPR Full Matrix →

1. Head-to-Head Financials Peer Comparison (PIPR vs. MRX, BGC, CII, MKTX)

Industry: Investment Bankers/Brokers/Service (64 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Piper Sandler Companies (PIPR) ranks #301 by composite RQD confidence (63/100, grade C) and #289 by equity capitalization ($4.51B). Within this direct 5-issuer industry benchmark cohort, PIPR leads on earnings valuation at 17.3x trailing P/E, while MKTX leads on capital efficiency and profitability with 28.4% ROIC and — gross margin. MKTX currently holds the highest overall quantitative score in the immediate peer group at 83/100 (A-) compared with PIPR at 63/100 (C).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
PIPR ACTIVE Piper Sandler Companies	C	63/100	17.3x	—	18.3%	+5.66%	$4.51B	Benchmark Subject
MRX Marex Group Limited	C-	59/100	32.8x	—	9.9%	+0.76%	$4.77B	/mrx-vs-pipr →
BGC BGC Group Inc. (Class A)	C	65/100	36.3x	—	15.1%	+1.60%	$5.24B	/bgc-vs-pipr →
CII BlackRock Enhanced Large Cap Core Fund Inc.	D	45/100	—	—	—	-1.28%	$3.50B	/cii-vs-pipr →
MKTX MarketAxess Holdings Inc.	A-	83/100	23.5x	—	28.4%	+0.11%	$5.82B	/mktx-vs-pipr →

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

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001230245 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Piper Sandler Companies (PIPR) reported GAAP revenue of $1.83B (+21.7% vs. FY2024 revenue of $1.51B , and +40.9% cumulative change since FY2023) , GAAP net income of $281.3M, operating cash flow of $586.6M, and free cash flow of $504.1M (+105.4% YoY). On the balance sheet, PIPR closed FY2025 with $2.59B in total assets against $454.4M in total debt (Altman Z-Score: N/A, Piotroski F-Score: 9/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$1.83B	$281.3M	$586.6M	$504.1M	$2.59B	$454.4M
FY2024 (FY)	2024-12-31	$1.51B	$181.1M	$313.3M	$245.5M	$2.26B	$378.1M
FY2023 (FY)	2023-12-31	$1.30B	$99.0M	$275.6M	$217.1M	$2.67B	$625.0M

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

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

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

How does PIPR compare to MRX and BGC in the Financials sector?

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

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

PIPR last traded at $67.42 (+5.66% on volume of 1,538,063 shares), positioning the stock -2.88% below its 50-day simple moving average ($69.42) and -12.09% below its 200-day simple moving average ($76.69). Across its 52-week range of $61.35 to $95.07, PIPR sits at the 18.0% percentile with a 14-day RSI of 43.1 (NEUTRAL RANGE) and an implied next-earnings move of ±7.4% ($62.43 to $72.41).

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

ROARABLE RATING BRIEF • RQD 63/100 (C) ✓ SEC XBRL & RQD VERIFIED

PIPR — Piper Sandler Companies: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Piper Sandler Companies (PIPR) earns a live Roarable RQD composite score of 63/100, corresponding to a C letter grade (Roarable Hold) at a spot price of $67.42 (+5.66% 1D, market capitalization $4.51B).

Fundamental Cash Engine (18/20): Anchored by return on invested capital (ROIC) of 18.3%, gross margin of —, operating margin of 18.7%, and free cash flow yield of 10.38%.
Whale 13F & Options Flow (5/20) + Insider Conviction (18/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (7/20) + Forensic Balance Sheet (15/20): Incorporates a 0.99x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 9/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Piper Sandler Companies (PIPR) is a NYSE-listed issuer classified under the Financials sector and the Investment Bankers/Brokers/Service industry. It operates in that industry with a market capitalization of $4.9B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Piper Sandler Companies (PIPR) reported $1.83B in annual revenue (up from $1.51B in FY2024, +21.7% YoY) and $281.3M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($1.30B revenue, $99.0M net income) through FY2025, PIPR scaled operating cash flow to $586.6M and free cash flow to $504.1M, backed by $2.59B in total assets against $454.4M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (C • RQD 63/100): Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks. Company leadership has skin in the game with net positive insider conviction. With Fundamental Cash Engine at 18/20 and Institutional Whale Flow at 5/20, sustained execution supports upside toward the upper end of the $61.35 – $95.07 52-week range.
🐻 Primary Bear Case & Valuation Risk: Sensitive to high interest rates and tighter Federal Reserve market liquidity. Investors must weigh 17.3x trailing P/E and 12.0x EV/EBITDA against 18.7% operating margins and a 0.99x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Upstream and downstream dependencies, sector correlations, and second-order bottlenecks are therefore — The only sector context available is the Financials / Investment Bankers/Brokers/Service classification and the beta of 0.99, which indicates market-level sensitivity rather than a named ripple path.

Key Question #1: Can PIPR sustain or expand its 18.7% operating margin and 18.3% ROIC against Investment Bankers/Brokers/Service peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $1.83B and free cash flow of $504.1M, how will capital allocation balance growth reinvestment against $454.4M in total debt?
Key Question #3: How sensitive is PIPR's 14.5x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 0.99x)?

PIPR Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Piper Sandler Companies (PIPR) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to PIPR Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 22h ago

Earnings Preview: Piper Sandler Companies (PIPR) Q3 Earnings Expected to Decline

Yahoo Finance report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 1d ago

Piper Sandler Companies (PIPR) Q3 Earnings and Revenues Lag Estimates

Yahoo Finance report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

What Piper Sandler Companies (PIPR) Said on Its Q3 Earnings Call

TradingView report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Simply Wall St • 1d ago

Piper Sandler Companies (NYSE:PIPR) Stock Price

Simply Wall St report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE The Globe and Mail • 1d ago

Piper Sandler (PIPR) Q3 2026 Earnings Call Transcript

The Globe and Mail report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Stock Titan • 1d ago

Piper Sandler authorizes share buybacks and declares a $0.20 quarterly dividend.

Stock Titan report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Piper Sandler Companies Estimates – NYSE:PIPR

TradingView report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Simply Wall St • 1d ago

Piper Sandler Companies (PIPR) Faces Earnings Uncertainty, Is The Stock Still A Bargain?

Simply Wall St report covering Piper Sandler Companies (PIPR) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

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

PIPR Bull vs. Bear Conversation Board — What's Your Call at $67.42?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON PIPR 🐻 33% BEARISH CONVICTION

MA MacroHawk_NYC RQD DEBATE OPENER • Cross-Asset Macro Desk 🐂 BULLISH 🎯 Target: $79.76 (+25.0%)

📌 Pinned Debate

Cash generation is strong, with a 10.38% FCF yield, ROIC of 18.3%, and a Piotroski F-Score of 9/9 backing the Fundamental Cash Engine p

Don't sleep on PIPR's setup in Financials. Cash generation is strong, with a 10.38% FCF yield, ROIC of 18.3%, and a Piotroski F-Score of 9/9 backing the Fundamental Cash Engine pillar.. Beta of 0.99 means it moves fast when momentum turns, and the 5-pillar RQD gauge (63/100) backs up the fundamental quality.

EarningsSniper 🐂 BULL

@FadeTheHype Shorting a 5/20 institutional whale-flow stock at $63.81 is dangerous when funds are rotating into Financials.

FA FadeTheHype RQD DEBATE OPENER • Contrarian Tape Reader 🐻 BEARISH 🎯 Target: $48.50 (-24.0%)

Spot @ $63.81

Q3 earnings and revenues lagged estimates per recent headlines, and the macro/sector regime pillar scores only 7/20.

Fading this rally in PIPR at $63.81. Q3 earnings and revenues lagged estimates per recent headlines, and the macro/sector regime pillar scores only 7/20.. With a beta of 0.99 and the stock sitting at $63.81 (52-wk range $61.35–$95.07), the easy multiple expansion is already priced in.