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9 October 2026 | 12:33 Mastercard is among the partners for an XRP Ledger hackathon in New York, where developers will spend 36 hours building AI-payment, lending and protocol tools ahead of Ripple’s Swell conference.

Key Takeaways Mastercard is a partner in the October 24-25 XRPL hackathon. Teams will build AI-payment, lending and protocol tools. The event has not announced a new Mastercard product on XRPL. Public code, pilots and follow-up support will show the event’s real impact. Mastercard is joining a builder weekend in New York XRPL Commons lists Mastercard among the partners for its AI & Fintech XRPL Hackathon in Midtown Manhattan on October 24–25. Ripple, AWS, Ledger and Quicknode are also involved in the 36-hour event, which offers more than $40,000 in prizes and brings developers, product leads, designers and finance professionals together before Ripple’s Swell conference.

Confirmed

Mastercard is listed as an event partner. The event covers AI finance, lending and protocol work. Mastercard is named among the organizations on the final judging panel. Still unconfirmed

A Mastercard payment product on XRPL. Commercial deployment of a winning project. New card-network support for XRP through this event. AI payments create a control problem before they create a payment product The event’s agentic-finance track focuses on software that can pay, earn and transact on-chain. An AI agent could buy data, pay for computing capacity or settle a small invoice without a person approving every routine action.

Giving an agent the ability to pay also creates a control problem. A business needs to decide what it can spend, which recipients it can use and how an unsafe instruction can be stopped before money moves. XRPL’s developer tools already address part of that challenge by separating payment creation from the wallet authority needed to sign and submit a transaction.

Teams can use the weekend to turn those controls into working payment flows. A prototype may prove that an agent can pay for a service; a usable product must also show who approves the limits and how those limits are enforced.

Lending and protocol tools fill out the financial workflow AI payments are only one part of the program. The lending-and-borrowing category invites teams to build around the proposed XRP Ledger Lending Protocol and Single Asset Vaults, while the protocol-innovation track covers amendments, client implementations and developer tools. A fourth open track leaves room for projects that do not fit the other categories.

A company using an automated payment tool may also need working capital, limits on collateral use and a way to verify that a counterparty is approved. That is why the event combines payments with lending, vaults and core protocol work instead of treating an on-chain transfer as the whole financial product.

Mastercard’s stablecoin work gives the event a wider context Mastercard has a separate reason to follow this work closely. In June, it announced expanded settlement options involving regulated stablecoins, including RLUSD. That announcement did not create the hackathon or commit Mastercard to any project built there, but it places the company’s event role within a wider effort to explore programmable settlement.

The real test begins after the judging ends The hackathon can produce demos, prototypes and new developer connections. The first signs of lasting progress will come afterward: public code, teams that continue building, grants, pilots and follow-up support from Mastercard or the other partners.

That evidence will show whether the projects developed in New York can meet the security, compliance and user-control standards required beyond the crypto industry.

This article is for informational purposes only and does not constitute financial, investment or legal advice. Event partnerships and developer projects do not guarantee commercial deployment.

Author

Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

D-Day is finally here and in a few hours the Batch amendment and its fix fixBatchV1_2 will be live. The XRP ecosystem will see a triumph in the launch of the Batch feature, which has had its share of setbacks in the past.

On February 19, 2026, security researchers and Cantina AI identified a critical logic bug in the signature-validation process of the original Batch amendment. The amendment was in its voting phase and had not been activated on Mainnet.

XRPLD v3.3.0 shipped a replacement amendment, Batch V1.1, that introduced the corrected implementation. The main focus was bug-fixing and further hardening the implementation.

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Fast forward to September 2026, and Batch had secured a majority and was about to go live on Mainnet on September 29, 2026. This timing shifted after the amendment was temporarily rejected to restart the two-week activation window.

A minor issue was detected and the fix was included in the XRPLd 3.4.1 release; the XRP community flipped their votes to allow Batch to simultaneously launch with its fix update.

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The Batch amendment remains significant as it is a prerequisite or accelerant for several high-value XRPL use cases already under contract or in active pipeline, including atomic multi-party settlements.

Batch is also expected to support ecosystem growth, being one of the most requested features by XRPL application developers and the community broadly.

In a separate development, Permission Delegation went live on the XRP Ledger on October 8, 2026, marking a major milestone for the network.

RippleX's Shota Natenadze noted that Permission Delegation, Dynamic MPTs, Atomic Batch, Confidential Transfers, and Sponsored Fees take XRPL from tokenizing to moving value the way institutions need.

XRP price awaits moveAt the time of writing, XRP was down 0.44% in the last 24 hours to $1.39, awaiting its next move following yesterday's sharp drop. Cryptocurrencies slid late Thursday after Fed minutes showed most officials expected another rate hike before year-end.

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XRP fell sharply to $1.31 on Thursday, marking four days of decline from a high of $1.52 on October 5, 2026. The price drop saw XRP trade below the daily MA 50 for the first time since August 19.

A rebound will see XRP attempt to recover above the daily MA 50, currently at $1.43, while a further drop might see XRP price test support at the daily MA 200 at $1.28.

Ethereum, the world’s second-largest cryptocurrency by market capitalization, has dropped back to the $2,500 range following several days of selling pressure fueled by rising US Treasury yields, a stronger dollar, and weakening institutional inflows.

Sharp price pullback as technicals weakenOn October 9, ETH traded near $2,500 after briefly sliding to around $2,408 the previous Thursday, marking an almost 9% decline from recent highs above $2,700 earlier this week. This downturn follows back-to-back declines of 4% and 4.5% on consecutive trading days, which erased most of Ethereum’s October gains.

The rapid drop has left Ethereum’s immediate technical outlook under pressure. Analysts noted the $2,500 zone had already been highlighted as a key vulnerability, especially after approximately $165 million in leveraged long positions were liquidated during the recent selloff.

If Ethereum fails to hold above $2,500, trader focus may shift to the next support area in the $2,400 to $2,450 zone, given that ETH touched a session low of $2,408 on Thursday, indicating buyers are being tested at those levels.

Exchange balances for Ethereum have dropped to multi-year lows, with supply now tightly linked to institutional flows and investor demand as staking and withdrawals steadily reduce available coins on the market.

ETF outflows contrast with Bitcoin inflowsUS-listed spot Ethereum exchange-traded funds (ETFs) saw net outflows of $201.9 million on October 6, marking the largest single-day withdrawal in recent weeks. In contrast, Bitcoin spot funds recorded net inflows of $118.8 million in the same trading session, highlighting a shift in institutional capital between the two largest crypto assets.

AssetETF Net Flows (Oct. 6)Recent Price LevelEthereum (ETH)-$201.9 million$2,500Bitcoin (BTC)+$118.8 millionNot specifiedIndustry observers have indicated that Ethereum’s bullish narrative relies increasingly on institutional demand to absorb circulating supply, at a time when staking and exchange withdrawals have driven available liquid supply to multi-year lows.

The ongoing slide in exchange balances for Ethereum continues to raise questions about whether institutional buyers will step in to offset retail and speculative selling, especially as macroeconomic pressures remain a headwind for risk assets.

Traders are closely monitoring the $2,500 to $2,400 range for signs of buying support or a potential continuation of the current downtrend.

Mini dictionary: Spot ETF, an exchange-traded fund that aims to directly track the price of the underlying asset such as Bitcoin or Ethereum, allowing investors to gain exposure without directly owning the cryptocurrency itself.

Renowned crypto investment firm Fidelity has continued to expand its crypto portfolio, adding more Bitcoin amid growing demand for its ETF product.

Apart from its Bitcoin fund, the firm also issues both Ethereum and Solana ETFs, and it has recorded modest purchases for both over the same period.

Fidelity buys $354 million of Bitcoin Latest onchain data from Arkham Intelligence shows that Fidelity has purchased a total of $438.9 million worth of Bitcoin, Ethereum, and Solana through its ETF products over the past 20 trading days.

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While this signals continued buying activity across the three major crypto assets, it shows that the firm has seen sustained demand for nearly all its crypto ETF offerings, especially Bitcoin.

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Nonetheless, the data shows that the firm saw more demand for its Bitcoin product, as the Fidelity spot Bitcoin ETF recorded the largest purchases.

As such, FBTC has accumulated up to $354.1 million worth of BTC over the stated period. Meanwhile, it acquired only lesser amounts of ETH and SOL.

More specifically, Fidelity has bought $66.6 million worth of Ethereum and another $18.2 million worth of Solana over the same period. 

Bitcoin loses momentum While the massive Bitcoin purchase from Fidelity signals sustained institutional demand for the leading crypto asset over the past week, Bitcoin has suddenly witnessed a sharp price reversal.

Retracing from a high of around $87,000 back to its multi-week low of around $81,000, Bitcoin appears to be facing increased sell-off pressure from traders, especially retail traders.

With momentum on the leading asset currently down, it remains uncertain whether Fidelity and other major Bitcoin funds will be able to sustain their Bitcoin buying spree for much longer.

HOUSTON, TX / ACCESS Newswire / October 9, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2026, the Company had an average of 103 drilling rigs operating in the United States. For the three months ended September 30, 2026, the Company had an average of 101 drilling rigs operating in the United States.

Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract in the United States. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.

About Patterson-UTI

Patterson-UTI is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States, and specialized drill bit solutions in the United States, Middle East and many other regions around the world. For more information, visit www.patenergy.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI's current beliefs, expectations or intentions regarding future events. Words such as "anticipate," "believe," "budgeted," "continue," "could," "estimate," "expect," "goal," "intend," "may," "plan," "potential," "predict," "project," "pursue," "see," "should," "strategy," "target," or "will," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including, without limitation, statements regarding Patterson-UTI's future expectations, beliefs, plans, strategy, objectives, financial conditions, operations outlook, assumptions or future events or performance, activity levels, active rig count projections, contract terms, capex spending and budgets, future cash flow, future use of generated cash flow, customer demand, future commodity prices, outlook for international and domestic markets, and timing and amount of dividends, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond Patterson-UTI's control, which could cause actual results to differ materially from the results expressed or implied by the statements. For information regarding risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, please refer to the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and other disclosures in Patterson-UTI's SEC filings, including but not limited to its Annual Report on Form 10‑K and Quarterly Reports on Form 10‑Q.

Additional information concerning risks and uncertainties associated with Patterson-UTI's business is contained from time to time in Patterson-UTI's SEC filings. Patterson-UTI's filings may be obtained by contacting Patterson-UTI or the SEC or through Patterson-UTI's website at http://www.patenergy.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. Patterson-UTI undertakes no obligation to publicly update or revise any forward-looking statement.

Contact:

Michael Sabella
Vice President, Investor Relations
(281) 885-7589

SOURCE: Patterson-UTI Energy

Cardano (ADA) price is down 4.84% to trade at $0.239 at press time. ADA is now down 14% since October 6, with this drop pushing the altcoin’s funding rate to its lowest level since late June.

However, while Cardano price is falling, the number of active addresses is rising amid multiple developments on the network.

Cardano’s Funding Rate Falls as Short Positions Dominate Data from CoinGlass shows that the Cardano funding rate has dropped to -0.0183%. This is the lowest funding rate reading for ADA since late June 2026. ‘

A negative funding rate shows that short sellers are paying long buyers to keep their positions open. This highlights a bearish Cardano future outlook where most traders are betting on a decline.

(Source: CoinGlass) The long/short reading of 0.89 further supports this bearish positioning, as it shows that there are more short accounts than long accounts.

Cardano’s open interest had also dropped by 10% at the time of writing to $526 million. The OI is now at its lowest reading since late September as futures traders shy away from opening new positions despite rising whale activity.

Network Activity Spikes Amid Major Network Update Data from Santiment shows that Cardano’s daily active addresses rose to 27,500 on October 7 and 27,200 on October 8. The data shows that this is a 1.7 times jump from September’s average.

Santiment notes that this increase does not stem from the selloff across the crypto market because Bitcoin’s and Ethereum’s active addresses are still within their September averages.

(Source: Santiment) However, the surge coincides with the launch of the CIP-0113 token standard on the Cardano mainnet on October 7.

This update seeks to bring regulated finance into Cardano where stablecoin and asset issuers can create compliance rules into native Cardano tokens, including Know Your Customer (KYC), sanctions screening and freeze controls.

Cardano Price Prediction as Bears Eye Drop Below $0.20 Cardano price has been moving within an ascending parallel channel on the one-week chart. The price has now dropped to test support at the midline of this pattern, and if it breaks, it could move below the psychological support of $0.20.

The RSI has dropped to 50, suggesting that the momentum is now neutral after bears lost their grip. A drop in this RSI line to below 50 will confirm that ADA price could edge lower.

The ADX line is also tipping south and remains below 50, which shows that the uptrend shown in the rising channel is weak.

(Source: TradingView) However, if the sentiment across the broader crypto market improves and Cardano price breaks resistance at $0.25, it may move to the next target at the 78.6% Fib of $0.328.

CoreCap Advisors LLC purchased a new stake in Marvell Technology, Inc. (NASDAQ:MRVL – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,932 shares of the semiconductor company’s stock, valued at approximately $4,209,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Marvell Technology by 34.1% in the 2nd quarter. BlackRock Inc. now owns 85,641,174 shares of the semiconductor company’s stock valued at $25,511,649,000 after acquiring an additional 21,798,190 shares during the last quarter. State Street Corp grew its position in Marvell Technology by 79.3% during the 2nd quarter. State Street Corp now owns 41,834,272 shares of the semiconductor company’s stock worth $12,462,011,000 after acquiring an additional 18,495,866 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Marvell Technology during the second quarter valued at about $2,607,795,000. Legal & General Group Plc bought a new stake in shares of Marvell Technology during the second quarter worth about $1,742,526,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Marvell Technology by 153.3% during the second quarter. Bank of New York Mellon Corp now owns 7,957,985 shares of the semiconductor company’s stock worth $2,370,604,000 after purchasing an additional 4,815,725 shares during the last quarter. 83.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets A number of research analysts recently issued reports on the stock. Wolfe Research raised their price objective on shares of Marvell Technology from $280.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets reiterated a “market perform” rating and set a $325.00 price target on shares of Marvell Technology in a report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Marvell Technology from $360.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday. B. Riley Financial decreased their price objective on Marvell Technology from $345.00 to $315.00 and set a “buy” rating for the company in a report on Friday, August 28th. Finally, Stifel Nicolaus raised their target price on Marvell Technology from $350.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $320.82.

Check Out Our Latest Stock Analysis on Marvell Technology Key Stories Impacting Marvell Technology Here are the key news stories impacting Marvell Technology this week:

Positive Sentiment: Marvell raised its fiscal 2031 revenue target to $70 billion-$90 billion, including approximately $20 billion of revenue in fiscal 2028. Management expects AI-related connectivity, custom chips, and data-center infrastructure to drive growth. Marvell Technology lifts 2031 revenue goal Positive Sentiment: Analysts responded by raising price targets, including Bank of America to $400, JPMorgan to $360, RBC to $425, and Needham to $400. The upgrades reflect confidence in Marvell’s custom AI silicon and networking opportunity. Marvell price target raised by Bank of America Positive Sentiment: The company plans to showcase a broad portfolio of open AI infrastructure solutions at the OCP Global Summit, reinforcing its positioning in the expanding AI data-center market. Marvell to showcase open AI infrastructure solutions Neutral Sentiment: Marvell’s AI thesis has also lifted investor interest in related networking companies such as Ciena and Astera Labs, highlighting the potential size of the infrastructure opportunity but also the competitive and customer-concentration risks across the sector. Negative Sentiment: Shares faced profit-taking after a significant year-to-date advance. Some analysts cautioned that the $70 billion-$90 billion forecast requires exceptionally rapid execution, sustained hyperscaler spending, and continued custom-chip demand. Negative Sentiment: High Treasury yields and elevated oil prices pressured AI and other growth stocks broadly, making Marvell’s premium valuation more difficult to support. At roughly 91 times earnings, the stock is particularly sensitive to changes in interest rates and investor risk appetite. What is going on with Marvell Technology stock Negative Sentiment: Several bearish commentaries described the long-term projections as aggressive and noted that much of the anticipated AI growth may already be reflected in MRVL’s valuation. Marvell rating downgrade Marvell Technology Price Performance Shares of NASDAQ MRVL opened at $274.66 on Friday. The company has a market capitalization of $240.85 billion, a PE ratio of 90.65, a P/E/G ratio of 2.75 and a beta of 2.26. The company has a quick ratio of 2.62, a current ratio of 3.17 and a debt-to-equity ratio of 0.27. Marvell Technology, Inc. has a twelve month low of $70.68 and a twelve month high of $329.88. The firm has a fifty day simple moving average of $235.46 and a 200 day simple moving average of $210.23.

Marvell Technology (NASDAQ:MRVL – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The semiconductor company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Marvell Technology had a net margin of 27.93% and a return on equity of 13.57%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s quarterly revenue was up 36.5% compared to the same quarter last year. Marvell Technology has set its Q3 2027 guidance at 1.050-1.150 EPS. On average, sell-side analysts forecast that Marvell Technology, Inc. will post 3.05 EPS for the current year.

Marvell Technology Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Friday, October 9th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.24 annualized dividend and a yield of 0.1%. Marvell Technology’s payout ratio is 7.92%.

Insider Buying and Selling In other news, CEO Matthew J. Murphy sold 7,500 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $223.39, for a total transaction of $1,675,425.00. Following the transaction, the chief executive officer owned 775,686 shares of the company’s stock, valued at $173,280,495.54. This represents a 0.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Chris Koopmans sold 10,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $180.50, for a total value of $1,805,000.00. Following the completion of the sale, the chief operating officer directly owned 227,941 shares of the company’s stock, valued at $41,143,350.50. The trade was a 4.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 45,000 shares of company stock worth $9,904,225 over the last 90 days. Company insiders own 0.12% of the company’s stock.

(Free Report)

Marvell Technology, Inc (NASDAQ: MRVL) is a fabless semiconductor company that develops technologies for data infrastructure. Its products are used to move, process, store and secure data across cloud data centers, enterprise networks, telecommunications systems, automotive platforms and other communications applications.

The company’s portfolio includes custom application-specific integrated circuits, data processing and networking solutions, Ethernet products, storage controllers, optical and electro-optical components, and connectivity technologies.

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Galvin Gaustad & Stein LLC lowered its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC – Free Report) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,613 shares of the company’s stock after selling 17,775 shares during the period. Galvin Gaustad & Stein LLC’s holdings in GE HealthCare Technologies were worth $9,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mount Vernon Associates Inc. MD lifted its holdings in shares of GE HealthCare Technologies by 0.8% during the first quarter. Mount Vernon Associates Inc. MD now owns 18,165 shares of the company’s stock valued at $1,293,000 after purchasing an additional 144 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of GE HealthCare Technologies by 1.8% in the 1st quarter. Essex Financial Services Inc. now owns 9,024 shares of the company’s stock worth $642,000 after buying an additional 156 shares during the last quarter. Brown Lisle Cummings Inc. increased its position in GE HealthCare Technologies by 29.3% during the 1st quarter. Brown Lisle Cummings Inc. now owns 706 shares of the company’s stock valued at $50,000 after buying an additional 160 shares in the last quarter. Beacon Financial Advisory LLC raised its stake in GE HealthCare Technologies by 5.8% during the first quarter. Beacon Financial Advisory LLC now owns 2,965 shares of the company’s stock valued at $211,000 after buying an additional 162 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in GE HealthCare Technologies by 60.4% during the first quarter. Physician Wealth Advisors Inc. now owns 433 shares of the company’s stock valued at $31,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.

Analyst Upgrades and Downgrades GEHC has been the subject of several analyst reports. Hovde Group began coverage on GE HealthCare Technologies in a report on Friday, July 17th. They set a “market perform” rating and a $14.00 price target for the company. UBS Group lifted their price target on GE HealthCare Technologies from $67.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Oppenheimer reiterated an “outperform” rating on shares of GE HealthCare Technologies in a research note on Thursday, July 30th. Barclays raised shares of GE HealthCare Technologies to a “strong-buy” rating in a research report on Wednesday. Finally, BTIG Research restated a “buy” rating and set a $79.00 price objective on shares of GE HealthCare Technologies in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.52.

Check Out Our Latest Research Report on GE HealthCare Technologies GE HealthCare Technologies Price Performance GEHC opened at $64.22 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.97 and a current ratio of 1.26. The stock has a market capitalization of $29.01 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.71 and a beta of 0.73. The company’s 50-day simple moving average is $68.73 and its two-hundred day simple moving average is $66.87. GE HealthCare Technologies Inc. has a 52-week low of $58.75 and a 52-week high of $89.77.

GE HealthCare Technologies (NASDAQ:GEHC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.26 billion. GE HealthCare Technologies had a net margin of 9.33% and a return on equity of 20.12%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.06 earnings per share. As a group, analysts predict that GE HealthCare Technologies Inc. will post 4.93 EPS for the current year.

GE HealthCare Technologies Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be paid a $0.04 dividend. This is an increase from GE HealthCare Technologies’s previous quarterly dividend of $0.0350. The ex-dividend date is Friday, October 23rd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. GE HealthCare Technologies’s dividend payout ratio (DPR) is 3.21%.

GE HealthCare Technologies Company Profile (Free Report)

GE HealthCare Technologies Inc is a global medical technology and healthcare services company that develops, manufactures and supports products used by hospitals, clinicians and researchers. Its offerings are designed to assist with disease detection, diagnosis, treatment, patient monitoring and clinical workflow management.

The company’s portfolio includes computed tomography, magnetic resonance imaging, X-ray and molecular imaging systems; ultrasound equipment; patient monitoring and anesthesia delivery technologies; and pharmaceutical diagnostics, including contrast agents used in medical imaging.

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 | Source: Stride, Inc.

Stride and Fivespan Partners Enter into Cooperation Agreement

Company to Share Target Capital Structure and Capital Allocation Framework in Coming Months

RESTON, Va., Oct. 09, 2026 (GLOBE NEWSWIRE) -- Stride, Inc. (NYSE: LRN) (“Stride” or the “Company”), one of the nation’s most successful technology-based education companies, today announced that Dr. Steven Guttentag, an experienced education technology leader who most recently served as Chief Executive Officer of EPS Learning, and Dylan Haggart, Founder, Managing Partner, and Chief Investment Officer of Fivespan Partners, LP (“Fivespan”), one of the Company’s significant shareholders, will be appointed to the Stride Board of Directors (the “Board”) this quarter.

Stride also announced that the Board is forming a new Capital Allocation Committee, (the “Committee”), to evaluate the Company’s capital structure and capital allocation priorities. Independent directors Brian Shepherd and Dylan Haggart will co-chair the Committee.

As a part of the Committee’s initial review, the Company will solicit input from shareholders on its capital allocation priorities and incorporate that feedback into the Committee’s recommendations. Following completion of the Committee’s initial review, which is expected to occur within the next three months, Stride will publicly announce its target capital structure and a clear framework for allocating future cash flows to maximize long-term value.

“We are pleased to welcome Steven and Dylan to the Stride Board. Each brings complementary perspectives and experience that will strengthen the Board’s capabilities as we work to accelerate our strategic and operating progress under Bob Knowling’s leadership as Stride’s new CEO,” said Steven B. Fink, independent Chairman of Stride’s Board of Directors.

“Steven Guttentag is an accomplished executive who has spent more than 30 years designing and deploying technology-based solutions to improve K-12 education. Dylan brings an investor’s perspective, along with significant capital allocation and governance expertise as an experienced public company director, and he, the Board, and management are committed to working together to enhance shareholder value and maximize learning outcomes for the students we serve,” continued Mr. Fink.

“We have great respect for Stride’s pioneering role in its market and the leadership it has exemplified over more than two decades. We believe in Stride’s significant long-term growth potential and unique ability to serve students and families whose needs or circumstances are not well-served by a traditional school setting,” Mr. Haggart said. “We appreciate the collaborative engagement we have had with the Board and management team. I look forward to working alongside my fellow directors and management to help the Company deliver value for students, families, educators, and shareholders.”

In connection with today’s announcement, Stride has entered into a cooperation agreement with Fivespan, which will be filed on Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s 2026 Annual Meeting of Stockholders will be held on December 10, 2026. Additional details regarding the 2026 Annual Meeting, including the record date and the means of attendance, will be included in the Company’s definitive proxy statement to be filed with the SEC.

About Steven Guttentag

Dr. Guttentag began his career as a classroom teacher and brings more than 30 years of experience across K-12 education and education technology. He most recently served as Chief Executive Officer of EPS Learning, a provider of literacy and reading intervention solutions, from 2023 to 2025. He previously served as Chief Executive Officer of Reading Plus, an adaptive literacy program, from 2019 until the sale to Dreambox Learning in 2021. Dr. Guttentag co-founded and served as President of Connections Education, a K-12 online education platform which was acquired by Pearson in 2011, after which he served as President of Pearson Online & Blended Learning from 2014 to 2018, growing the business to serve over 70,000 students. Earlier in his career, Dr. Guttentag served as Chief Education Officer of Education Networks of America and Chief Information Officer of the School District of Philadelphia. His academic credentials include a B.A. from the University of Michigan, a M.A. in Teaching and Curriculum from Harvard University, and a Ph.D. in Policy and Administration from the University of Pennsylvania.

About Dylan G. Haggart

Mr. Haggart brings more than 15 years of investment and public company governance experience. He is the Founder, Managing Partner, and Chief Investment Officer of Fivespan Partners, a concentrated, fundamental value investor in industry-leading public companies. Prior to founding Fivespan in 2023, he served as a Partner at ValueAct Capital from 2013 to 2023. Mr. Haggart has served as an independent director of Seagate Technology since 2018 and currently serves on its Compensation & People Committee. He previously served as an independent director of Fiserv from 2022 to 2024, including on its Nominating & Corporate Governance Committee and Talent & Compensation Committee. Mr. Haggart is a member of the Board of Trustees for the Boys & Girls Clubs of San Francisco’s Endowment Trust.

About Stride Inc.

Stride Inc. (NYSE: LRN) is redefining lifelong learning with innovative, high-quality education solutions. Serving learners in primary, secondary, and postsecondary settings, Stride provides a wide range of services including K-12 education, career learning, professional skills training, and talent development. Stride reaches learners in all 50 states and over 100 countries. Learn more at stridelearning.com.

About Fivespan Partners, LP

Fivespan Partners, LP is a concentrated, fundamental value investor in industry-leading public companies. Fivespan seeks to partner with company leadership on opportunities to unlock enduring value for all stakeholders.

Investor Contact
[email protected]

Media Contact
[email protected]

Special Note on Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release are forward-looking statements. We have tried, whenever possible, to identify these forward-looking statements using words such as “outlook,” “forecasts,” “anticipates,” “trends,” “believes,” “estimates,” “continues,” “likely,” “may,” “opportunity,” “potential,” “projects,” “will,” “will be,” “expects,” “plans,” “intends,” “should,” “would” and similar expressions to identify forward-looking statements, whether in the negative or the affirmative. These statements reflect our current beliefs and are based upon information currently available to us. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause our actual actions, results, performance or achievements to differ materially from those expressed in, or implied by, such statements. These risks, uncertainties, factors and contingencies include, but are not limited to: reduction of per pupil funding amounts at the schools we serve; inability to achieve a sufficient level of new enrollments to sustain our business model or to meet financial or operational guidance; limitations of the enrollment data we present, which may not fully capture trends in the performance of our business; failure to enter into new school contracts or renew existing contracts, in part or in their entirety; failure of the schools we serve, our vendors, or us to comply with our contracts, or federal, state and local laws and regulations, resulting in a loss of funding, an obligation to repay funds previously received, contractual remedies, or actions or proceedings against us; governmental investigations that could result in fines, penalties, settlements, or injunctive relief; declines or variations in academic performance outcomes of the students and schools we serve, including due to the evolution of curriculum standards, testing programs and state accountability metrics; harm to our reputation resulting from poor performance or misconduct by operators or us in any school in our industry and/or in any school which we operate; legal and regulatory challenges from opponents of virtual public education or for-profit education companies; potential violation of laws and regulations relating to privacy and data protection, including such laws and regulations as may apply to children’s data; changes in national and local economic and business conditions and other factors, such as natural disasters, pandemics and outbreaks of contagious diseases and other adverse public health developments; discrepancies in interpretation of legislation by regulatory agencies that may lead to payment or funding disputes; termination of our contracts, or a reduction or termination in the scope of services, with schools; failure to develop the Career Learning business; entry of new competitors with superior technologies (including artificial intelligence (“AI”)) and lower prices; unsuccessful integration of mergers, acquisitions and joint ventures; failure to further develop, maintain and enhance our technology, products, services and brands; inadequate recruiting, training and retention of effective teachers and employees; infringement of our intellectual property; disruptions to our Internet-based learning and delivery systems, including, but not limited to, our data storage systems and third-party cloud infrastructure, systems and facilities, including as a result of cybersecurity attacks; misuse or unauthorized disclosure of student and personal data; failure to prevent or mitigate a cybersecurity incident that affects our systems or our data; problems in the implementation of new information technology systems and technology; failure by us or third parties to maintain and support information technology systems, including addressing quality issues and timely delivering new products and enhancements; risks related to the use, implementation and regulation of AI and other emerging technologies, including in the education of children, and their use by third-party vendors; risks related to our stock repurchase program; the extent to which we acquire businesses or change our capital allocation strategy or the implementation thereof; changes in our effective tax rate and additional liabilities; and other risks and uncertainties associated with our business described in the risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended June 30, 2026 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the SEC. Forward-looking statements reflect our management’s expectations or predictions of future conditions, events or results based on various assumptions and estimates. They are not guarantees of future performance. Our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements in this press release or that we make from time to time, and to consider carefully the factors discussed above. All information in this press release is as of today’s date, and the Company undertakes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except where we are expressly required to do so by law.

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Study Met Primary Efficacy Endpoint, Demonstrating Statistically Significant Superiority and Clinically Meaningful IOP Reduction vs. Cataract Surgery Alone

iDose TR in Combination with Cataract Surgery Demonstrated Robust Mean IOP Reduction of 11.1 mmHg and Favorable Safety Profile Through 3 Months

ALISO VIEJO, Calif.--(BUSINESS WIRE)--Glaukos Corporation (NYSE: GKOS), an ophthalmic pharmaceutical and medical technology company focused on novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases, today announced positive topline results from the Phase 4 prospective, randomized, controlled clinical trial (GLK-101-04) evaluating iDose® TR administered in conjunction with cataract surgery compared to cataract surgery alone in patients with open-angle glaucoma (OAG) or ocular hypertension (OHT).

The study achieved its primary efficacy endpoint, with iDose TR demonstrating statistically significant superiority in the reduction of mean diurnal intraocular pressure (IOP) when administered in conjunction with cataract surgery compared to cataract surgery alone. At month 3, subjects undergoing cataract surgery and administration of iDose TR achieved a mean diurnal IOP reduction of 11.1 mmHg from baseline, compared to 7.4 mmHg for subjects undergoing cataract surgery alone, demonstrating statistically significant superiority with a clinically meaningful incremental treatment effect of 3.6 mmHg (p<0.0001). In addition, iDose TR demonstrated statistically significant superiority across all pre-specified secondary responder analyses, further supporting the consistency and robustness of the treatment effect observed in the study.

iDose TR also demonstrated a favorable safety profile through 3 months, with no treated-related adverse events of corneal endothelial cell loss or cystoid macular edema (CME), and no serious corneal adverse events. Overall safety findings were consistent with the well-established safety profile of iDose TR and previous clinical experience.

“We are pleased to announce these positive Phase 4 results, which add to the extensive body of clinical evidence supporting the efficacy, durability, and safety of iDose TR,” said Thomas Burns, Glaukos chairman and chief executive officer. “Importantly, these data further reinforce the versatility of iDose TR across various administration settings, demonstrating its ability to deliver clinically meaningful robust IOP reduction whether administered as a standalone procedure or in conjunction with cataract surgery. iDose TR continues to deliver strong clinical outcomes that provide meaningful benefits for patients, helping to accelerate a broader treatment paradigm shift toward earlier, interventional glaucoma care.”

GLK-101-04 is a Phase 4, prospective, multicenter, randomized, double-masked, parallel-group clinical trial evaluating the efficacy and safety of iDose TR in combination with cataract surgery compared to cataract surgery alone in adults with OAG or OHT. The study randomized 149 study eyes, with 74 eyes assigned to the iDose TR in combination with cataract surgery arm and 75 eyes assigned to the cataract surgery alone arm. The primary endpoint evaluated the change from baseline in mean diurnal IOP at month 3.

iDose TR is a first-of-its-kind, long-duration, intracameral procedural pharmaceutical therapy designed to continuously deliver 24/7 therapeutic levels of a proprietary formulation of travoprost inside the eye for up to three years. iDose TR is intended to improve the standard of care by addressing the ubiquitous patient non-compliance issues and chronic side effects associated with topical glaucoma medications.

For more information about iDose TR and Full Prescribing Information, please visit www.iDoseTRhcp.com.

About Glaukos

Glaukos (www.glaukos.com) is an ophthalmic pharmaceutical and medical technology company focused on developing and commercializing novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. Glaukos first developed Micro-Invasive Glaucoma Surgery (MIGS) as an alternative to the traditional glaucoma treatment paradigm, launching its first MIGS device commercially in 2012. In 2024, Glaukos commenced commercial launch activities for iDose® TR, a first-of-its-kind, long-duration, intracameral procedural pharmaceutical designed to deliver 24/7 glaucoma drug therapy inside the eye for extended periods of time. Glaukos also markets the only FDA-approved corneal cross-linking therapy utilizing a proprietary bio-activated pharmaceutical for the treatment of keratoconus, a rarely diagnosed corneal disorder. Glaukos continues to successfully develop and advance a robust pipeline of novel, dropless platform technologies designed to meaningfully advance the standard of care and improve outcomes for patients suffering from chronic eye diseases.

About iDose TR (U.S.)

iDose TR (travoprost intracameral implant) is a long duration prostaglandin analog approved for a single administration and indicated for the reduction of intraocular pressure (IOP) in patients with open-angle glaucoma (OAG) or ocular hypertension (OHT). Made from medical-grade titanium, iDose TR is implanted through the trabecular meshwork and back wall of Schlemm's canal, directly into scleral tissue. Once implanted, 75 mcg of a novel, preservative-free, proprietary formulation of travoprost continuously elutes into the anterior chamber via membrane-controlled diffusion, allowing for 24/7 release of medication.

Indication for Use: iDose TR (travoprost intracameral implant) is indicated for the reduction of intraocular pressure (IOP) in patients with open angle glaucoma (OAG) or ocular hypertension (OHT).

Dosage and Administration: For ophthalmic intracameral administration. The intracameral administration should be carried out under standard aseptic conditions.

Contraindications: iDose TR is contraindicated in patients with active or suspected ocular or periocular infections, patients with corneal endothelial cell dystrophy (e.g., Fuch’s Dystrophy, corneal guttatae), patients with prior corneal transplantation, or endothelial cell transplants (e.g., Descemet’s Stripping Automated Endothelial Keratoplasty [DSAEK]), patients with hypersensitivity to travoprost or to any other components of the product.

Warnings and Precautions: iDose TR should be used with caution in patients with narrow angles or other angle abnormalities. Monitor patients routinely to confirm the location of the iDose TR at the site of administration. Increased pigmentation of the iris can occur. Iris pigmentation is likely to be permanent.

Adverse Reactions: In controlled studies, the most common ocular adverse reactions reported in 2% to 6% of patients were increases in intraocular pressure, iritis, dry eye, visual field defects, eye pain, ocular hyperaemia, and reduced visual acuity.

Forward-Looking Statements

All statements other than statements of historical facts included in this press release that address activities, events, or developments that we expect, believe, or anticipate will or may occur in the future are forward-looking statements. Although we believe that we have a reasonable basis for forward-looking statements contained herein, we caution you that they are based on current expectations about future events affecting us and are subject to risks, uncertainties, and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control, that may cause our actual results to differ materially from those expressed or implied by forward-looking statements in this press release. These potential risks and uncertainties include, without limitation, our ability to successfully commercialize our iDose TR, the timing and extent to which obtain regulatory approval for investigational products, our ability to successfully commercialize such products, the ability to obtain and maintain adequate financial coverage and reimbursement for our products, and the continued efficacy and safety profile of our products as might be suggested in this Phase 4 clinical trial. These and other risks, uncertainties, and factors related to Glaukos, and our business are described in detail under the caption “Risk Factors” and elsewhere in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which was filed with the SEC on July 29, 2026. Our filings with the SEC are available in the Investor Section of our website at www.glaukos.com or at www.sec.gov. In addition, information about the risks and benefits of our products is available on our website at www.glaukos.com. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. You are cautioned not to place undue reliance on the forward-looking statements in this press release, which speak only as of the date hereof. We do not undertake any obligation to update, amend, or clarify these forward-looking statements whether as a result of new information, future events or otherwise, except as may be required under applicable securities law.

More News From Glaukos Corporation

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@Pwc_de, working alongside implementation partner @Tokenforge and debt management firm EOS Group, has deployed a blockchain-based settlement system on @StellarOrg that compresses a month-long securitization payout process into a single day.

From 30 Days to 24 Hours Securitizations bundle pools of receivables, such as loans, leasing contracts, or mortgages, into a special purpose vehicle that then issues debt securities to investors. , a process that has traditionally relied on manual spreadsheet reconciliations through multiple intermediaries.

MiCA-Compliant Stablecoin at the Core Payments within the system are denominated in @AllUnityStable's EURAU stablecoin.

The joint venture behind the stablecoin brings together

The deployment represents a concrete example of institutional blockchain adoption in European structured finance, with compliance built in from the ground up rather than bolted on as an afterthought.

Sources:
AllUnity: BaFin EMI License Announcement
PwC: Blockchain Services and Stellar Development Foundation Partnership
Coinfomania: EOS Group Launches One-Day Securitization Payouts via Stellar

First Heartland Consultants Inc. grew its stake in shares of Axon Enterprise, Inc (NASDAQ:AXON – Free Report) by 2,538.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,586 shares of the biotechnology company’s stock after purchasing an additional 23,654 shares during the quarter. First Heartland Consultants Inc.’s holdings in Axon Enterprise were worth $10,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Axon Enterprise by 6,472.9% during the 3rd quarter. GAMMA Investing LLC now owns 110,359 shares of the biotechnology company’s stock valued at $46,629,000 after buying an additional 108,680 shares during the period. CoreCap Advisors LLC boosted its holdings in Axon Enterprise by 1,803.5% in the 3rd quarter. CoreCap Advisors LLC now owns 27,049 shares of the biotechnology company’s stock worth $11,429,000 after acquiring an additional 25,628 shares during the period. Atwood & Palmer Inc. boosted its holdings in Axon Enterprise by 183.3% in the 3rd quarter. Atwood & Palmer Inc. now owns 1,473 shares of the biotechnology company’s stock worth $622,000 after acquiring an additional 953 shares during the period. Everhart Financial Group Inc. grew its position in Axon Enterprise by 4,709.9% in the third quarter. Everhart Financial Group Inc. now owns 22,270 shares of the biotechnology company’s stock valued at $9,410,000 after acquiring an additional 21,807 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in Axon Enterprise by 3,661.6% in the third quarter. Avidian Wealth Enterprises LLC now owns 62,818 shares of the biotechnology company’s stock valued at $26,542,000 after acquiring an additional 61,148 shares in the last quarter. Hedge funds and other institutional investors own 79.08% of the company’s stock.

Insider Activity at Axon Enterprise In other news, President Joshua Isner sold 16,775 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $574.43, for a total value of $9,636,063.25. Following the sale, the president owned 296,974 shares in the company, valued at approximately $170,590,774.82. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeffrey Kunins sold 9,605 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $626.70, for a total transaction of $6,019,453.50. Following the transaction, the insider directly owned 97,761 shares in the company, valued at $61,266,818.70. The trade was a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 47,397 shares of company stock worth $26,722,984 over the last quarter. Company insiders own 4.20% of the company’s stock.

Axon Enterprise Stock Performance Axon Enterprise stock opened at $417.31 on Friday. Axon Enterprise, Inc has a 52 week low of $339.01 and a 52 week high of $764.02. The company has a current ratio of 2.15, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. The stock has a market cap of $33.90 billion, a P/E ratio of 173.16, a price-to-earnings-growth ratio of 7.64 and a beta of 1.44. The stock has a 50 day moving average of $520.54 and a 200-day moving average of $476.63. Axon Enterprise (NASDAQ:AXON – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The biotechnology company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.04. The business had revenue of $904.39 million during the quarter, compared to analyst estimates of $876.42 million. Axon Enterprise had a net margin of 6.19% and a return on equity of 2.84%. The business’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 earnings per share. On average, analysts expect that Axon Enterprise, Inc will post 2.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth AXON has been the topic of a number of recent research reports. TD Cowen reissued a “buy” rating on shares of Axon Enterprise in a research report on Wednesday, July 22nd. Citizens Jmp reaffirmed a “market outperform” rating and set a $700.00 price target on shares of Axon Enterprise in a report on Thursday, June 25th. UBS Group lifted their price target on shares of Axon Enterprise from $440.00 to $600.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of Axon Enterprise from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Axon Enterprise in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $721.57.

Check Out Our Latest Report on AXON

Axon Enterprise Company Profile (Free Report)

Axon Enterprise, Inc develops technology and connected systems for public safety and law enforcement agencies. Its product portfolio includes TASER conducted energy weapons, body-worn cameras, in-car cameras and other recording devices designed to support safer interactions, improve accountability and document incidents.

The company also provides cloud-based software for managing digital evidence, reports, records and agency operations. Its Axon platform connects hardware with services such as evidence management, real-time operations, computer-aided dispatch and other workflow tools, enabling agencies to store, organize and share information across their organizations.

Founded in 1993 as AIR TASER by Rick Smith and Tom Smith, the company later operated as TASER International before adopting the name Axon Enterprise in 2017.

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FLock.io, a leading privacy-preserving AI solution provider, has integrated Chainlink Cross-Chain Interoperability Protocol (CCIP) as its official cross-chain infrastructure. FLock.io has gone multichain to meet the high security standards of decentralised AI agents, and to expand token liquidity across ecosystems. Its native token, FLOCK, is now live as a Chainlink Cross-Chain Token (CCT) and available on Transporter, the hyper-secure crypto bridging application powered by CCIP.

As decentralised AI scales across networks, ensuring the security of decentralised AI agents and node operators is essential. Base serves as the canonical chain for FLOCK, with production CCIP connectivity spanning across Base, Ethereum, BNB Chain, Hyperliquid’s HyperEVM and Robinhood Chain. FLock.io going multichain has included going live on Robinhood – which has just topped Ethereum in daily app revenue, just two months after the network went live – is particularly significant strategically. Developers, node operators and token holders can now move FLOCK frictionlessly across supporting chains via Transporter.

This development has expanded FLOCK’s liquidity across different ecosystems. This unlocks specialised liquidity use cases tailored to the trading dynamics, asset structures and performances of each ecosystem. Firstly, high-performance execution layers such as Base and HyperEVM are well suited to low-latency model inference settlement and AI agent micro-payments. Deep capital hubs such as Ethereum, BNB Chain and Robinhood Chain are ideal for institutional staking, deep liquidity pools and broad retail accessibility.

This multichain foundation powers the next steps for FOMO (FLock Open Model Offering), FLock’s AI model asset issuance platform. It can further expand Model Token issuance, trading and liquidity across chains. Over time, FOMO will broaden its scope to support AI assets and tokenised stocks, giving users more liquidity and trading options across different ecosystems.Robinhood Chain is building an AI-native on-chain economy, purpose-built to make real-world assets investable on-chain and turning stocks into tokens. FLock.io’s FOMO, the first Fair Open Model Offering, going live on it extends that frontier from financial assets to AI, taking the next step by turning intelligence into an asset backed by real AI usage.

In its mission to develop AI that ensures 100% data sovereignty, model ownership and operational control, FLock requires infrastructure that guarantees capital protection to protect user trust. Running on public blockchains often gives cross-chain protocols a large attack surface.

Chainlink CCIP’s defences mitigate this risk with three decentralised networks that execute and verify every cross-chain transaction, providing projects with native level-five cross-chain security. Treating end-to-end cross-chain system security as its top priority, Chainlink CCIP uses multiple overlapping controls to protect data and systems – if one defence fails, another layer is ready to block or catch the threat. Its defence-in-depth architecture features:

• Built-in risk controls: native support for rate limiting, which act as circuit breakers to limit the flow of assets between chains, mitigating ecosystem contagion risks.

• Institutional security standards: CCIP is the only cross-chain protocol with institutional certifications, including SOC 2 Type 2 and ISO 27001 certifications.

• Secure-by-default infrastructure: Every CCIP bridge lane is secured by a minimum of 16 independent, security-reviewed node operators.

Jiahao Sun, CEO of FLock.io, said: “Decentralised AI won't live on a single blockchain. Its infrastructure can’t either. As FLock.io scales across ecosystems, 99% security isn't enough. That’s why we've standardised our cross-chain infrastructure with Chainlink CCIP.”

He added: “Decentralised AI needs decentralised infrastructure. Chainlink CCIP is one of the building blocks.”

About Chainlink

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.

Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Lido, GMX, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.

About Transporter

Transporter is a highly secure interface for bridging tokens across blockchains with total peace of mind. Transporter is built on top of Chainlink CCIP, the industry-leading cross-chain protocol for defense-in-depth security.

Transporter is the cross-chain bridging app for transferring digital assets across blockchains and experiencing the best that each chain has to offer. In just a few clicks, you can bridge your tokens and cross chains with confidence knowing that Transporter is underpinned by Chainlink CCIP’s Level-5 Security, offers users real-time transaction tracking, and is available to provide 24/7 support.

About FLock.io

FLock.io is an AI research and infrastructure company pioneering enterprise-grade federated learning and distributed AI solutions. Its decentralised federated learning architecture and production-ready platforms (AI Arena, FL Alliance, and FLock.io API Platform) enable organisations to train and deploy their own custom AI models on local hardware while maintaining full data privacy, model ownership, and regulatory alignment by design.

 | Source: Pilgrim's Pride Corporation

GREELEY, Colo., Oct. 09, 2026 (GLOBE NEWSWIRE) -- The board of directors of Pilgrim’s Pride Corporation (NASDAQ: PPC) (“PPC”) has formed a special committee of independent and disinterested directors to review and evaluate the previously announced unsolicited proposal received on August 18, 2026, from JBS N.V. (NYSE: JBS, B3:JBSS32) (“JBS”) to acquire all of the outstanding shares of common stock of PPC that JBS does not currently own.

The special committee has selected Ropes & Gray LLP as legal counsel and Moelis & Company LLC as financial advisor to assist the special committee in its review and evaluation of the JBS proposal.

The PPC board of directors will not approve the transaction proposed by JBS without the favorable recommendation of the special committee, and any such transaction is expected to be conditioned on the affirmative vote of a majority of the votes cast by the holders of PPC shares not held by JBS or its affiliates.

There can be no assurance that a definitive agreement relating to JBS’s proposal will be entered into by PPC, or that any transaction will be consummated.

About Pilgrim’s Pride

PPC employs approximately 63,000 people and operates protein processing plants and prepared-foods facilities in 14 states, Puerto Rico, Mexico, the U.K., the Republic of Ireland and continental Europe. PPC’s primary distribution is through retailers and foodservice distributors. For more information, please visit www.pilgrims.com.

Forward-Looking Statements

This press release contains, and management may make, certain “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Statements of our intentions, beliefs, expectations or predictions for the future, denoted by the words “anticipate,” “believe,” “estimate,” “expect,” “plan,” “project,” “imply,” “intend,” “should,” “foresee” and similar expressions, are forward-looking statements that reflect our current views about future events and are subject to risks and uncertainties. Such risks and uncertainties include the possibilities that a definitive agreement relating to JBS’s proposal will not be entered into by PPC or that no transaction will be consummated, as well as those risk factors described in PPC’s Annual Report on Form 10-K for the fiscal year ended December 28, 2025, filed with the Securities and Exchange Commission on February 12, 2026. Actual results could differ materially from those expressed in, or implied or projected by these forward-looking statements as a result of these risks and uncertainties, many of which are difficult to predict and beyond our control. PPC’s forward-looking statements speak only as of the date of this press release or as of the date they are made, and PPC undertakes no obligation to update its forward-looking statements.

Contact:

Andrew Rojeski
Head of Strategy, Investor Relations, & Sustainability
[email protected]
www.pilgrims.com

GLPI slashed its dividend to nearly nothing when casinos went dark in 2020, yet management now calls gaming revenues bulletproof. With one master lease sitting at a coverage ratio that leaves little room for error, investors deserve a closer look…

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

An 8.7% Yield Backed by Casino Real Estate Gaming and Leisure Properties (NASDAQ:GLPI) pays a forward annual dividend of $3.28 per share. At $37.79, the yield is about 8.68%. The stock is down 10.79% this year, raising questions about payout sustainability.

GLPI owns 68 gaming facilities across 20 states and leases them under triple-net terms. Tenants pay maintenance, insurance, taxes, and utilities. GLPI collects fixed rent regardless of operating costs.

AFFO Coverage Leaves a Real Cushion For REITs, adjusted funds from operations (AFFO) is the right payout measure. Q2 AFFO per share was $1.03, and the quarterly dividend is $0.82, a payout of about 79.6%. Against 2026 AFFO guidance of $4.10, the payout is 80%. VICI Properties (NYSE:VICI) pays $0.45 against $0.62 of Q2 AFFO, a 72.6% payout.

CEO Peter Carlino noted:

“As of June 30, GLPI’s leverage stood at 4.8x, below the low end of our target range of 5.0x to 5.5x net debt to adjusted EBITDA.”

Tenant Concentration Is the Risk That Matters About 97% of cash rent comes from the top five tenants. PENN Entertainment (NASDAQ:PENN) runs roughly 49% of properties, including the three largest leases: Amended Pinnacle at $90.99 million, Amended PENN at $78.08 million, and PENN 2023 at $70.75 million in Q2 revenue. Bally’s (NYSE:BALY) is next, with GLPI committed to $940 million for its Chicago project. A PENN default would put the dividend at risk.

VICI has the same problem in a different form, with Caesars at 38% and MGM Resorts (NYSE:MGM | MGM Price Prediction) at 32% of its rent.

A Bad Casino Year Rarely Means Missed Rent GLPI’s master leases ran from 158 to 246 (1.58x to 2.46x) in Q2, so tenants earn well over a dollar for every dollar of rent owed. Executive Carlo Santarelli said:

“We’ve always been somewhat cautious around two times rent coverage from the time we spun out in 2013.”

MGM Resorts shows how this works. Its Adjusted EBITDA fell to $610.39 million from $647.51 million, yet VICI’s MGM Master Lease brought in $185.78 million that quarter.

Carlino says “the gaming revenues are bulletproof,” but the dividend history says something else. When casinos shut in 2020, the payout fell to $0.12 before it recovered to $0.72. More recently, the credit loss provision dropped to $2.98 million from $53.7 million a year earlier.

Verdict: Safe, With One Number to Watch The dividend is safe. AFFO covers it with a real buffer, leverage is 4.8x, and guidance was raised to $4.10 to $4.12. Only a 2020-scale shutdown has forced a cut. Watch the Amended Pinnacle Master Lease coverage, now at 1.70x. If it slips toward 1.5x, the margin of safety shrinks.

Contact [email protected] for any questions or corrections.

Applied Optoelectronics has shed more than half its peak value in six months, weighed down by repeated share sales and a memory shortage that blindsided the market, yet one analyst still sees the stock doubling from here and has the…

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Applied Optoelectronics (NASDAQ:AAOI) currently trades at $105.90, and the average analyst price target is $163.40. That leaves an implied upside of 54.3%.

The Texas company makes optical transceivers. Its 400G, 800G and 1.6T transceivers move data between AI servers, and it also sells 1.8 GHz CATV amplifiers to cable operators. Last quarter, revenue rose 86.4% to $191.92 million, its fifth straight record.

One analyst sees far more upside than the consensus. Mike Genovese at Rosenblatt Securities has a Buy rating and a Street-high $220.00 target, which implies 107.7% upside, about a double.

Repeated Share Sales Erased Half of the Rally Dilution weighed on the stock. The company filed a $600 million at-the-market offering, its third major equity raise of 2026, and the stock fell 13.77% in one session. Shares are now 54.7% below their 52-week high of $233.67 and about 29.7% lower over six months.

A memory shortage cut third-quarter revenue by $20 million to $25 million. Analysts made six downward revisions to EPS, with the average falling from $0.2783 to $0.1433. In the 30 days after the second-quarter report, the stock fell 20.42% while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) fell 1.4%.

Why Rosenblatt Still Expects a Double Genovese’s case rests on several factors. These include an 800G and 1.6T super-cycle, design wins at hyperscale customers, and a mix shift toward higher-margin data center products. Management guided third-quarter revenue to $255M–$290M, which it called 130% growth at the midpoint, and expects 800G revenue to grow nearly five times sequentially.

Next comes 1.6T. It has more than $200 million of orders in hand. It expects more than $17 million of 1.6T revenue in the fourth quarter and monthly capacity above 930,000 pieces by year-end. Responding to Genovese on the call, the CEO said that without the 100G drag, fourth-quarter capacity could support “more than $500 million of revenue.”

Margins are the other factor. Non-GAAP gross margin was 29.8%, and management is targeting about 40%. Consensus EPS is expected to rise from $0.68 in 2026 to $4.602 in 2027.

Coverage is thin. Of six analysts, two rate the stock Strong Buy, one Buy and three Hold. The 2026 EPS average has fallen from $0.8883, and the top 10 customers account for 99% of revenue.

Coherent and Fabrinet Are Also Down Sharply From Their Highs Lumentum Holdings (NASDAQ:LITE | LITE Price Prediction) trades at $1,048.60, up 184.49% this year, with an $1,161.96 average target implying 10.8% upside.

Coherent (NYSE:COHR) trades at $302.38, 31.3% below its high, with a $412.52 target implying 36.4% upside.

Fabrinet (NYSE:FN) trades at $487.75, 34.9% below its high but up 17.06% last month, with a $734.11 target implying 50.5% upside.

Applied Optoelectronics has the largest consensus upside in the group, with Fabrinet close behind, and it also has the least coverage and is the only one still posting GAAP losses.

Triple-Digit Gains This Year, but Momentum Has Faded At $105.90, the stock trades below the six-analyst average target of $163.40, which implies 54.3% upside. It is still up 203.79% year to date, compared with 13.49% for the S&P 500.

Over the past month, the stock fell 5.06% while the index gained 1.04%. With a beta of 3.843 and a forward P/E of 84x, it has typically moved harder than the market in both directions.

Third-Quarter Report Must Prove 1.6T Is Shipping The outlook looks better if the third-quarter report shows 800G volume rising and confirms 1.6T shipments have started, setting up a fourth quarter well above the $427 million consensus. That is the path to $163 and eventually to $220.

The thesis weakens if the company sells more stock, gross margin stays stuck near 30%, or one of its three customers above 10% of revenue reduces orders.

Demand is real, but share sales keep diluting existing holders, and the gap closes only once 1.6T revenue shows up in reported numbers.

Contact [email protected] for any questions or corrections.

DFINITY Clears Early ICANN Hurdle for .icp Domain@dfinity's Internet Computer ($ICP) has passed an initial review stage set by @ICANN for the .icp generic top-level domain (gTLD), moving the application toward inclusion on the 2026 global sunrise registry candidate list. The milestone places the Internet Computer project among a competitive field of applicants seeking to reshape the domain name system.

The timing is significant.

Clearing the initial review is an early but meaningful step in a lengthy process. before any domain can go live.

What .icp Could Mean for the Decentralized WebThe practical implications of a live .icp domain extend well beyond a branding exercise. If the application progresses to delegation, the .icp extension would create a direct link between the traditional DNS root structure and the Internet Computer's end-to-end decentralized smart contract infrastructure. In practical terms, browser traffic could be routed directly to smart contracts and decentralized applications running on the network, removing the need for intermediary corporate web hosting or centralized domain registration services.

For a blockchain project, securing a native gTLD would represent a rare degree of legitimacy within the traditional internet governance framework.

The road ahead remains long. DFINITY's ability to sustain momentum through evaluation, any objections, and contracting stages will determine whether .icp ultimately enters the DNS root zone.

Sources:
ICANN Reveals Applications for 2026 Round of New Generic Top-Level Domains (PR Newswire)
ICANN New gTLD Program: 2026 Round (ICANN Official)
New gTLD Program (2026) Timeline and Details (ICANNWiki)

2 min read

Solana is about to halve its block times as final 200-millisecond upgrade nears. (Solana)Summary

Solana plans to reduce its target block time from 250 milliseconds to 200 milliseconds at epoch 1053 on Friday, completing a series of cuts from 400 milliseconds since August.The upgrade will create five block-production opportunities per second, potentially speeding transaction updates, while lowering each block’s computing limit to keep overall processing capacity roughly unchanged.Faster blocks could reduce transaction delays and trading exploits, but they will increase validator voting demands, strain network connections and shorten the validity window for transactions.Solana is preparing to cut the time between blocks to 200 milliseconds on Friday, completing a series of upgrades that has halved the network's target block production time since August.

The final reduction, from 250 milliseconds, is scheduled to take effect at epoch 1053, expected around 15:00 UTC, according to Anza, the developer of Solana's widely used Agave validator software.

The change would allow the blockchain to target five block-production opportunities every second, compared with 2.5 under the original 400-millisecond configuration.

A slot is the short window in which a designated validator can add transactions to the blockchain. Shorter slots mean trading applications, wallets and exchanges can receive updated information more frequently, reducing the time a submitted transaction may spend waiting to be processed.

The changes began Aug. 21, when Solana moved to 350 milliseconds, followed by reductions to 300 milliseconds on Aug. 28 and 250 milliseconds on Sept. 18.

The technical proposal, known as SIMD-0525, also limits how much computing work validators can pack into each block.

At 200 milliseconds, each block can carry a maximum of 30 million compute units, down from 37.5 million at 250 milliseconds. Blocks arrive more frequently, but each carries proportionally less work, keeping the network's theoretical processing capacity roughly unchanged.

Read More: Solana transactions just got more than 3 times bigger, narrowing the gap with Ethereum

Validators will continue producing blocks in groups of four consecutive slots. Their uninterrupted window to order transactions will consequently shrink from 1.6 seconds under the original configuration to 800 milliseconds.

That could reduce opportunities to delay transactions or exploit prices that have moved on other exchanges before Solana catches up.

The faster clock also comes with costs. Validators that submit votes on every slot will need to do so about twice as frequently as under the original configuration, increasing voting expenses and placing greater pressure on network connections.

Wallets and other applications also have less time to use a recent blockhash, a reference included in transactions to prevent them from being replayed. The shorter validity window could complicate transactions requiring manual approval or offline signatures.

Actual network performance remains a testSolana Compass data shows the previous 250-millisecond configuration delivered average slot times of approximately 266 to 269 milliseconds across recent epochs, slightly slower than its target.

The final reduction has already been deployed on Solana's testnet and devnet. Developers have said the mainnet rollout depends on network conditions, particularly the rate at which validators miss their assigned block-production opportunities.

The transition is expected to occur at the epoch 1053 boundary on Friday.

12345678910The Definitive Stablecoin Landscape Series: Asia Pacific

The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Sep 15, 2026

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters:

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

THORChain has a fascinating history. It has processed an awful lot of ex-hack and ex-theft money over the years. The project lied about being decentralized for years. The leader could not appear more suspicious if he tried.

So when Bitget asked THORChain to block some addresses following an attack on Bitget and THORChain refused on technical grounds THORChain was not breaking new ground. What followed was an incredible interview with a so-called "expert" packed wall-to-wall with errors. And some technical commentary that made far more nuanced, less damning and far harder to adjudicate points. This measured commentary was also far less consequential in that the claims were not of any sort of grand illegality. They sat in stark contrast to the high profile interview riddled with problems. And most of the public chatter here is either unreasonably negative on THORChain but short on accuracy, or unreasonably positive on THORChain and also short on accuracy.

We are going to try to untangle this mess. The real story, in our view, has three essential plot points. First up: yes, THORChain was completely centralized and the team lied about this for years. Almost surely crimes were committed, even if only of the generic "unlicensed money transmission" flavour that nobody seems to care about anymore. We will sketch this a little bit below but, really, this is old news and not relevant to current activities. The team put themselves in a bad spot by lying for years.

Second: THORChain is not run by the best imaginable group of software engineers and their procedures and such look a bit sloppy. They also have a long history of security problems and some of the way they deal with their own shortcomings – they absolutely have a solid history of building defective software! – is less than ideal. This is a problem across web3 and in our view the THORChain team are no less competent than their self-described "expert" critics.

And third: the attacks on THORChain's current operation are mostly borne of ignorance, built atop falsehoods and misrepresentations, and fail to recognize that applying the same standards to other projects is to call many many large services outlaw. As we will see, if THORChain's current setup is outlaw then surely a large number of other large projects are too.

So here is a story of people that live in glass houses and seem to want to start a stone-throwing fight.

HistoryFor years THORChain had central admin keys that held pretty much arbitrary control over the platform. We published a relatively detailed technical piece in September 2024 working through much of this. To us this was old news at that time. Many of the code changes linked in that piece date to 2020 and 2021. All of that code was, and remains, public. The team lied in English about decentralization but the code was always out there.

We were not the only people to know about this of course. But it does look like nobody else ever bothered to publish an explanation that a half-technical person could actually follow.

Then in February 2025, shortly before the ByBit hack, THORChain announced it was removing these admin controls. That was an admission of sorts that they had always existed and that many accusations the platform was not decentralized were in fact correct.

Reasonable people can disagree over how long following this change it took for the admin controls to properly disappear. The THORChain network runs in epochs with governance processes that extend far longer than a single block. So this is not exactly like a Bitcoin change. And it is not even like a change to Ethereum staking or finality where 10s or 100s of blocks across minutes to maybe hours are sufficient to be sure the change has fully cleared. But this was initiated in February 2025 and was certainly well finished long before, many months before, 2026 began.

So none of the technical features of THORChain's centralized admin were relevant in September 2026. Claiming these things – which absolutely did exist for years – are relevant in a technical discussion of Bitget's request to THORChain is to admit you do not know what you are talking about. Do these prior bad acts maybe help establish a pattern of dishonesty? Sure. And it is reasonable to question if the team is lying now because the team was lying back then. But it is wrong to take proof of past lies as proof current statements are also untrue.

Current SetupTHORChain as of now is an odd system. It is sometimes accused of being a mixer. But it is not a mixer. It does not do a good job at obfuscating flows. Yes the recordkeeping is a bit messy and things could be more accessible. But all the transactions are visible and nothing like a mixer sits in the mix.

What THORChain actually provides is distance, not obfuscation. THORChain is effective for money laundering for two reasons. First, it allows transactions directly to Bitcoin where flows can then be mixed fairly easily. And second, large exchanges accept deposits from THORChain as clean in ways which frankly baffle us.

We discussed this in the New York Times in November 2025. A huge amount of ETH from the ByBit hack poured straight into THORChain. The hackers swapped to BTC and whoever they were trading with kept depositing those ETH to Binance. Presumably the hackers' trading counterparty was swapping those ETH back to BTC to reload THORChain. And round and round it went. It was easy to see this in real-time.

Binance accepted the ETH deposits from THORChain because...yeah we do not know why. As we told the New York Times "Even a bad — maybe even defective — screening tool would spot" that these were hack proceeds. But THORChain is a "legit" service and web3 does not have a problem with fund provenance from services with bad reputations so long as they are not actually mixers. Or at least that was the case in early 2025. Is it still true? We do not know. THORChain still is not a mixer but maybe some services will stop accepting inflows from there. Who knows.

Anyway, as of now THORChain is as decentralized as many other services. We will go through a bit of that shortly. But first it is worth looking at a few of the technical claims about the current setup that have been made to explore how false they are.

The Confused "Expert"First, we have an "expert" claiming THORChain is a closed-source permissioned project based on this chat excerpt:

https://x.com/tayvano_/status/2105515560935239710Important context here is that Dinosauruss is asserted to be an attacker that eventually joined THORChain as a node operator and successfully attacked the protocol. The chat transcript shows someone struggling to successfully join the network and asking for help on a Discord channel. This was interpreted as follows:

he was unable to churn in actually 😂 😂he tried for weeks and then he had to.......join the discordthats how you have his discord handle and id and know its himhe had to go into discord and share his addresses and info and beg to be let into the super secret room to get the real client codelmao lol hahahahhahahahaWe will take this line-by-line because it is important. The processing of "churn in" is how THORChain rotates node operators. Then we find a claim it took weeks to get the software working so they could churn in. And that they joined some Discord chats to ask for help and in fact some some help.

Finally, the claim is that this user was unable to join the network until they were allowed into a "super secret room" to get "the real client code."

If true that would be a problem. If you can only join a network by getting access to secret source code then it is not an open network. But this claim is not really true. Yes, THORChain has some odd embargo processes around security problems. But let's look at an actual release, v3.18.0, with code published May 9th, where the discussion above occurred just days before this release:

Given the dates this is the upcoming release discussed in the screenshot above.The release shipped as private binary, with the code to build the release made available at latest by May 9th and an expected production release date of May 12th. Does that mean only certain people could see the "security patches" while they were being developed? For at least some of the time yes it sure does. Does that mean less than 100% of development was done in the open? It sure does. But the code was released before production deployment. All code sits on the developers computer for some period of time before it hits the public. What matters is if the code is public before it gets put into production.

It is simply false that having some kind of security embargo policy renders your project closed-source. We need only present the Linux kernel Embargoed hardware issues policy to prove this beyond all doubt. If your definition of open source excludes Linux then your definition is wrong. So security embargoes and limited periods of non-public code development are accepted. This is not even a situation where the code was released post-deployment. Yes it was not available pre-deployment for as long as it could possibly have been available but that is a far cry from a process where one must "beg to be let into the super secret room to get the real client code."

Yes there is a little bit of complexity around the a library that does some of THORChain's internally developed cryptography. A small bit of code is, the team claims temporarily, not open source because it is security-critical and has had a lot of vulnerability problems. As discussed elsewhere in this column there are small closed-source components to many large web3 systems. And given the track record of bad security software development at THORChain the team does not have a lot of good options with respect to their vulnerable cryptography software. We view this as a minor mark against the team and anyway nothing worse than examples provided below. Once the team made the bad decision to roll their own cryptography the die was cast for problems in the general vicinity.

Now, if somebody wants to claim that web3 projects are only entitled to exemptions from various financial regulations when 100% of development is done in public they are certainly welcome to do so. But this is not only a bar far higher than that accepted by the software industry in general – it is a bar that will exclude nearly everything in web3 production use today. The expert we are addressing here works at MetaMask and as we have documented before parts of MetaMask are not open source and have been closed for years while used in production.

GoPlus's Soft Claimsweb3 security firm GoPlus published a piece claiming THORChain has never been strictly decentralized. The first clue this might be a weak argument is the use of "strictly." They did not even decide to lead with some clickbit but already took a soft position. We applaud GoPlus for being honest. And we also want to throw a little shade in their direction for making a noisy entrance without much real content.

The strictest definition of a decentralized protocol we can think of is that it is impossible for anyone to identify a sufficiently large group of participants such that it would be possible to compel the group to make changes to the protocol. In this "strict" sense Bitcoin is not decentralized because we can easily identify enough pool operators to pass 51% of the network and someone could, for example, visit their offices.

Would it be easy to force them to make some changes which are likely bad for Bitcoin? Who knows. But "strictly" can reasonably be interpreted to mean "can we get these changes put through if bring guns to a bunch of pool operators' offices and threaten to shoot them?" And then the answer is "yes." Now this would swap unlicensed money transmission for something a bit harder as the crime of interest but, again, GoPlus said "strictly." If "wrench attacks" are considered a reasonable threat model for securing self-custody then they are surely also a reasonable threat model for strict decentralization.

Most of GoPlus' specific complaints, numbered 2 through 5, all amount to "there is a smallish group that can collude to make arbitrary changes to THORChain." This is true and true of nearly every web3 project. We are not going to debate whether large mining pools render Bitcoin centralized – we are just going to say that using "strictly" as a weasel word here is a sign they know the argument is weak. Every product with a security council has this problem. In some sense everything with a multisig has this problem.

But GoPlus' first claim that "TSS vaults ≠ base-layer consensus" is worth discussing. THORChain uses a different architecture than many bridges and L2s and other things which connect blockchains to other blockchains. The Threshold Signature Scheme (TSS) used by THORChain is odd. Roughly speaking, funds within the THOR ecosystem sit within multisigs where some threshold of "validators" needs to approve outflows. GoPlus claims this is not the same as a "base layer consensus" scheme where the blockchain itself validates individual signatures and all you need to move assets is your own private key on top of a working blockchain. But validators sign blocks as produced, and blocks as produced include user transctions. Without block production transactions do not flow.

For an L1 there is a real difference in form here even if not in function. But for an L2 or a bridge or anything in that general area this is really no different than something like an odd sequencer design. A sole sequencer in an L2 is just a TSS where the threshold is the one sequencer. If you have some more distributed scheme then it is just a TSS where the T is however many parties need to approve a transaction or withdrawal. We will talk about Hyperliquid a bit below but suffice it to say Hyperliquid can be thought of as a dumb TSS too.

Now for an L1 or an L2 or a bridge is there a substantive difference between the validators having the collective ability to block or censor transactions vs a TSS where some quorum of validators need to actively approve (certain kinds of) transactions? If there is a difference it is small. But even acknowledging this is a legitimate question is to acknowledge Arbitrum, base, Hyperliquid, Polygon, Starknet and many many other projects are less decentralized than THORChain. Why? Because participating in the THORChain validation process is less gated than joining a security council or having a team-controlled emergency multisig.

Certainly THORChain is more decentralized than any of those things. There are complaints that THORChain's 100-ish nodes are really operated by only 10s of people. Maybe. Maybe not. Arbitrum froze funds using a 9-of-12 multisig. If your histrionic moaning does not even claim a T below 9 for the TSS yet you defend the Arbitrum action what are you even doing?

If anyone wants to take the position current THORChain is "clearly" an illegal custodial scheme they are arguing a huge swathe of web3 is also outlaw. We have a lot of sympathy for the last point there. A lot of the products named in the preceding paragraph, and others to boot, are in our view obviously illegal custodial schemes. And that can be true with current THORChain sitting on either side of the line. Be careful what you wish for.

ComparisonsThe best two comparisons here to show that current THORChain is not too bad are base and Hyperliquid. Is this a relativist argument? Yes. We are arguing that anyone that wants to paint current THORChain as completely beyond the pale must take the same position with respect to many other projects to reveal themselves to be a hypocrite. We expect the later to be the real explanation. But for now we will just focus on facts.

baseWe first wrote in August 2023 about base looking like a centralized, custodial system. We wrote a follow-up in July 2026 noting that essentially no progress had been made and the project's public comments over the interim 3 years admitted all our claims were true.

base's problem is that Coinbase controls all the levers and all the money. And Coinbase-controlled infrastructure not only holds all the funds in its sole custody and control, but Coinbase has actively rolled back the chain to address problems before and otherwise used its absolute central authority. Industry coverage generally acknowledges base is just a custodial service run by Coinbase with a bit of gratuitous software on top.

And the entire thing is built around a sole sequencer that needs to keep pushing out messages for bridging transactions to Ethereum to work. Yes, there are mechanisms to work around the Coinbase-operated infrastructure. But that infrastructure can also upgrade the code instantly at any time and take all the funds for itself if it wants. Coinbase has more power over base than the THORChain developers do over THORChain. It is not even close.

In THORChain the risk is the TSS does not give you your funds because the T is not met. In base the risk is that Coinbase decides it wants your money. Those are not identical but they sure are fairly similar. THORChain is, in our view, better.

HyperliquidThis one looks remarkably like THORChain only worse and more extreme. Hyperliquid takes the possible issues and oddities with THORChain and replaces them with clearly-out-of-bounds simplifications. To get your money off Hyperliquid one of the designated system validator addresses needs to approve your withdrawal through a two-step process. This is a TSS. And as discussed at that link it is a TSS gated by a permissioned set of validators.

And it gets much worse. THORChain may have some embargo issues and the processes for sharing code may not be ideal. But Hyperliquid is just straight-up closed source. There is no debate on this point: Hyperliquid's code is not available to the public.

THORChain also has some kind of strange on-chain governance processes where parameters can be changed and votes are taken and the like. We are not going to get too deeply into the details here because what really matters for the comparison is that Hyperliquid's on-chain governance is supposed to be mediated by a dispute resolution process. But that process is restricted to the team itself and approved participants. So external parties simply cannot participate at all. Again, THORChain's wonky and not-perfect schemes are clearly more open than Hyperliquid's smoke filled back room. The schemes are not even close.

One of the core complaints about THORChain quoted above, once corrected for clear errors and false statements, is that it is awfully difficult for external parties to follow along and participate because the code is often released with little notice and the system is fiddly to run. Those are real gripes and fair enough. But they are qualitatively different from a system that simply does not allow external participation at all and does not publish source code at all.

DiscussionTHORChain has a long history of misrepresenting how it works and processing funds straight out of hacks and thefts. THORChain has a lot issues. The THORChain team almost surely has open legal liability.

But that does not mean every complaint about THORChain today is accurate or reasonable. And it certainly does not mean current THORChain is a particularly outlaw product. This is not an effort to defend THORChain or apologize for past bad deeds by the team. It is just being honest about what is happening today. Does doing better today excuse past bad conduct? Not really. But again, it is only fair to attack the team for what they actually did not what you dreamed up they are still doing.

When compared against a lot of major, respected, services today current THORChain looks pretty good. This is maybe 50% because THORChain has improved a lot and 50% because a huge fraction of current services are also misrepresenting the degree to which they remain outlaw. Maybe that should be 60/40 or 20/80 or some other mix. Maybe you view the mix differently. But there is clearly a large measure of both components at play here.

Today THORChain and the team behind the project are in kind of a tough spot because of their past behaviour. Admitting you did lots of crimes before but changed the system as a way of defending against allegations you are criming today...that has obvious problems as a defense strategy.

But we really do not see that they have any choice. THORChain's best course of action is to compare the functionality of the system today and in the past to other more-respected systems with similar problems. There are only two ways the THORChain team avoids law enforcement: staying below the radar or looking like they were doing the best they could and hoping the high level plan is not to arrest everybody. If the plan is to arrest everybody they are already screwed. And staying below the radar screen has not been a viable strategy for some time. Our advice to the THORChain team is based on the simple premise that you must play the cards you are dealt.

So honestly and openly describing how THORChain is of a piece with many other web3 products out there is just about all they can do. We hope they make an effort in this direction primarily because – full disclosure here – it will be very amusing to watch people squirm. Will this likely involve making statements about illegal behaviour by other large projects which are generally considered to be good actors? Yes it will. Is that good for "web3" as a whole? Who knows. But the rest of the ecosystem brought this on themselves by accepting funds out of THORChain when it was clearly an outlaw service and then turning around and unfairly attacking it for things it did not do. Game on then it would seem.

Artemis Investment Management LLP reduced its stake in shares of Sandisk Corporation (NASDAQ:SNDK – Free Report) by 73.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,367 shares of the data storage provider’s stock after selling 12,043 shares during the quarter. Artemis Investment Management LLP’s holdings in Sandisk were worth $7,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Sandisk in the 2nd quarter worth about $23,408,732,000. Evergreen Quality Fund GP Ltd. purchased a new stake in shares of Sandisk during the 4th quarter valued at about $255,848,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sandisk by 31.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,478,002 shares of the data storage provider’s stock valued at $825,608,000 after acquiring an additional 828,332 shares during the last quarter. Situational Awareness LP lifted its holdings in shares of Sandisk by 42.4% in the 2nd quarter. Situational Awareness LP now owns 2,495,344 shares of the data storage provider’s stock valued at $5,673,739,000 after acquiring an additional 743,325 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Sandisk in the second quarter worth about $1,621,353,000.

Sandisk Stock Down 4.9% Shares of SNDK stock opened at $1,609.46 on Friday. The firm has a market cap of $232.62 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 0.17 and a beta of 5.23. The company’s 50 day moving average is $1,585.66 and its 200 day moving average is $1,469.83. Sandisk Corporation has a 52-week low of $116.17 and a 52-week high of $2,354.39.

Sandisk (NASDAQ:SNDK – Get Free Report) last announced its earnings results on Wednesday, August 5th. The data storage provider reported $39.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $33.28 by $5.97. The business had revenue of $8.96 billion for the quarter. Sandisk had a return on equity of 87.84% and a net margin of 56.47%.The firm’s revenue was up 371.6% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Sandisk has set its Q1 2027 guidance at 44.000-46.000 EPS. Analysts anticipate that Sandisk Corporation will post 208.94 EPS for the current fiscal year. Sandisk declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 5th that authorizes the company to buyback $14.00 billion in outstanding shares. This buyback authorization authorizes the data storage provider to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity In other news, CFO Luis Visoso sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $1,568.83, for a total transaction of $1,568,830.00. Following the transaction, the chief financial officer directly owned 130,976 shares of the company’s stock, valued at approximately $205,479,078.08. This represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Bernard Shek sold 600 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $1,734.94, for a total value of $1,040,964.00. Following the transaction, the insider directly owned 25,588 shares in the company, valued at approximately $44,393,644.72. The trade was a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 77,899 shares of company stock worth $121,159,122. 0.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In A number of equities analysts recently commented on SNDK shares. Susquehanna dropped their price target on shares of Sandisk from $3,050.00 to $2,745.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Mizuho increased their price objective on shares of Sandisk from $1,875.00 to $2,050.00 and gave the stock an “outperform” rating in a research report on Tuesday. Weiss Ratings raised shares of Sandisk from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 24th. Royal Bank Of Canada raised their price objective on shares of Sandisk from $1,300.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Finally, BNP Paribas Exane dropped their target price on Sandisk from $1,900.00 to $1,400.00 in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Sandisk has a consensus rating of “Moderate Buy” and a consensus target price of $2,120.65.

Check Out Our Latest Stock Report on Sandisk

More Sandisk News Here are the key news stories impacting Sandisk this week:

Positive Sentiment: Mizuho raised its SanDisk price target to $2,050 from $1,875, citing rising demand for storage tied to “agentic AI.” The upgrade reinforces the view that data-center and AI workloads could support sustained demand for SanDisk’s products. Mizuho raises SanDisk price target by $175 on agentic AI demand Positive Sentiment: SanDisk’s bullish case remains tied to strong data-center demand, improving profitability, significant cash generation and a nearly debt-free balance sheet. Analysts also point to longer-term customer contracts and disciplined industry supply as factors that could keep memory pricing elevated. SanDisk is up 1,322% in a year Neutral Sentiment: Some analysts, including Cantor and Mirae Asset, argued that concerns about memory supply and pricing may be exaggerated. However, SanDisk’s extraordinary recent rally has increased investor sensitivity to any signs that earnings growth or margins may be approaching a cyclical peak. Micron, SK Hynix, and SanDisk slide in sync Negative Sentiment: A disappointing preliminary revenue update from Samsung triggered a broader memory-sector selloff, raising concerns that demand, pricing or industry growth may not be as strong as expected. SanDisk fell alongside Micron and SK Hynix as investors reduced exposure to the popular AI-memory trade. The Memory Trade Cools After Samsung’s Preliminary Results Disappoint Negative Sentiment: Higher Treasury yields, rising oil prices and broader profit-taking in semiconductor stocks added to pressure. Investors are also wary that SanDisk’s valuation and expectations now reflect a large portion of the AI-storage opportunity, leaving less room for execution disappointments. Why AMD, Micron, SanDisk, and Nvidia stocks are falling Sandisk Company Profile (Free Report)

SanDisk Corporation offers flash storage solutions. The Company designs, develops and manufactures data storage solutions in a range of form factors using flash memory, controller, firmware and software technologies. The Company operates through flash memory storage products segment. Its solutions include a range of solid state drives (SSD), embedded products, removable cards, universal serial bus (USB), drives, wireless media drives, digital media players, and wafers and components. It offers SSDs for client computing applications, which encompass desktop computers, notebook computers, tablets and other computing devices.

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Galvin Gaustad & Stein LLC bought a new stake in SpaceX (NASDAQ:SPCX – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,843 shares of the company’s stock, valued at approximately $2,541,000.

Other institutional investors have also modified their holdings of the company. Grove Bank & Trust purchased a new stake in shares of SpaceX during the third quarter worth approximately $344,000. Wisconsin Wealth Advisors LLC purchased a new position in SpaceX in the 3rd quarter valued at $929,000. Sapient Capital LLC acquired a new position in SpaceX in the 3rd quarter valued at $3,541,000. Atwood & Palmer Inc. raised its position in SpaceX by 239.5% during the 3rd quarter. Atwood & Palmer Inc. now owns 567 shares of the company’s stock worth $86,000 after buying an additional 400 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new position in SpaceX during the 3rd quarter worth $19,385,000.

SpaceX News Roundup Here are the key news stories impacting SpaceX this week:

Positive Sentiment: SpaceX agreed to acquire nationwide 800 MHz low-band spectrum licenses from Grain Management, giving Starlink a path to expand into indoor cellular coverage and compete more directly with AT&T, Verizon and T-Mobile. The deal remains subject to final FCC approval. SpaceX Acquires Nationwide Spectrum Licenses Positive Sentiment: The FCC approved SpaceX’s next-generation Starlink Mobile constellation of up to 15,000 satellites and waived a ground-carrier leasing requirement, strengthening the company’s direct-to-device strategy. FCC Approval for 15,000 Starlink Satellites Positive Sentiment: American Airlines plans to install Starlink internet on more than 1,000 aircraft, adding a substantial commercial customer and supporting recurring connectivity revenue. American Airlines to Add Starlink Neutral Sentiment: Elon Musk said he sees a path for SpaceX to reach a valuation in the “tens of trillions,” a bullish long-term forecast but one that offers no near-term financial guidance. Musk’s SpaceX Valuation Prediction Negative Sentiment: Reports that SpaceX may raise approximately $40 billion in loans and bonds to purchase Nvidia AI chips intensified concerns about leverage, capital allocation and the risk of spending heavily before AI-compute demand and returns are proven. Credit-default swap costs reportedly reached record levels. Apollo and Banks Discuss SpaceX Financing Negative Sentiment: Up to 328.4 million shares are scheduled to become eligible for sale on October 9, creating a potential increase in trading supply and selling pressure. SpaceX Share Unlock Negative Sentiment: Starlink’s India launch remains stalled amid a public dispute with local telecom interests and regulators, delaying access to a major potential market. Starlink India Launch Dispute Analyst Upgrades and Downgrades Several analysts have recently weighed in on SPCX shares. UBS Group reaffirmed a “buy” rating on shares of SpaceX in a report on Tuesday, September 29th. William Blair reissued an “outperform” rating on shares of SpaceX in a report on Friday, September 11th. New Street Research raised SpaceX to a “strong-buy” rating in a report on Thursday, June 11th. Mizuho started coverage on SpaceX in a research report on Tuesday, July 7th. They set an “outperform” rating and a $200.00 target price on the stock. Finally, Cfra started coverage on SpaceX in a research note on Friday, June 12th. They set a “sell” rating and a $115.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $219.77. Check Out Our Latest Research Report on SpaceX

Insider Buying and Selling In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX Stock Performance Shares of SPCX stock opened at $160.57 on Friday. The business’s fifty day moving average price is $143.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 4.99 and a current ratio of 5.12. The firm has a market capitalization of $2.12 trillion and a PE ratio of -1,784.11. SpaceX has a 1 year low of $104.83 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The firm had revenue of $7.81 billion during the quarter. SpaceX’s revenue was up 91.9% on a year-over-year basis. As a group, equities research analysts predict that SpaceX will post 0.09 earnings per share for the current year.

About SpaceX (Free Report)

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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Echo45 Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 21.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,211 shares of the iPhone maker’s stock after selling 2,449 shares during the quarter. Apple comprises 1.4% of Echo45 Advisors LLC’s holdings, making the stock its 23rd biggest position. Echo45 Advisors LLC’s holdings in Apple were worth $2,665,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Beaird Harris Wealth Management LLC lifted its position in Apple by 1.2% during the second quarter. Beaird Harris Wealth Management LLC now owns 26,213 shares of the iPhone maker’s stock worth $7,585,000 after purchasing an additional 314 shares during the period. Operose Advisors LLC increased its holdings in Apple by 0.9% in the 2nd quarter. Operose Advisors LLC now owns 18,605 shares of the iPhone maker’s stock valued at $5,384,000 after buying an additional 165 shares during the period. Mid American Wealth Advisory Group Inc. raised its position in shares of Apple by 34.4% in the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 4,321 shares of the iPhone maker’s stock valued at $1,250,000 after buying an additional 1,107 shares in the last quarter. Northeast Planning Associates INC. NH boosted its position in shares of Apple by 4.5% during the 2nd quarter. Northeast Planning Associates INC. NH now owns 2,905 shares of the iPhone maker’s stock worth $841,000 after acquiring an additional 125 shares in the last quarter. Finally, Saudi Central Bank increased its stake in Apple by 89.4% in the second quarter. Saudi Central Bank now owns 1,027,683 shares of the iPhone maker’s stock valued at $297,370,000 after acquiring an additional 485,166 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Key Headlines Impacting Apple Here are the key news stories impacting Apple this week:

Positive Sentiment: AI monetization opportunity: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by leveraging more than 2.5 billion active devices and its Services ecosystem. He sees the opportunity adding as much as $75 per share to Apple’s valuation. Apple Could Be the Toll Collector of Consumer AI Positive Sentiment: Smart-home expansion: Apple is expected to unveil new connected-home products, potentially including a doorbell, thermostat, lock and other accessories developed with LG Electronics, at its October 13 “Welcome Home” event. The initiative could broaden Apple’s hardware and Services opportunity while strengthening HomeKit against Amazon and Google. Apple Smart Home Push Positive Sentiment: M&A leadership change: Apple appointed veteran insider Steve Smith as head of mergers and acquisitions, replacing Adrian Perica, who is moving to the Services division. Investors may view the change as support for a more active acquisition strategy and tighter alignment between dealmaking and Services growth. Apple Names Steve Smith New M&A Chief Positive Sentiment: Tokenized-stock exposure: Securitize launched tokenized versions of Apple and 11 other major U.S. stocks on Solana. The offering could increase visibility for Apple’s shares and reflects broader demand for digital access to large-cap equities, although the direct financial effect on Apple is limited. Securitize Launches Tokenized U.S. Equities Neutral Sentiment: Management is pursuing faster execution: CEO John Ternus is reportedly considering more frequent product releases and fewer management layers. The changes could improve innovation, but commentary also highlights that Siri and Apple’s AI execution remain areas where investors want faster progress. Apple Is Speeding Up, Siri Isn’t Negative Sentiment: Valuation and margin risks: Apple trades at a premium earnings multiple after a strong year-to-date advance. Morgan Stanley lowered its price target to $355 despite raising revenue estimates, citing softer iPhone pricing and higher memory-chip costs. Bank of America also warned that Meta’s AI developments could challenge Apple’s Services ecosystem. Morgan Stanley Is Bullish on Apple With a Catch Negative Sentiment: Insider selling and concentration concerns: Senior Vice President Jennifer Newstead sold 2,399 shares, a relatively small transaction that may nevertheless add to investor caution. Separately, Apple’s huge weighting in the S&P 500 leaves index investors vulnerable if the stock or other mega-cap technology shares retreat. Apple Insider Transaction Filing Insider Buying and Selling In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $332.01, for a total value of $796,491.99. Following the sale, the senior vice president owned 39,593 shares in the company, valued at approximately $13,145,271.93. The trade was a 5.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy D. Cook sold 191,753 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares of the company’s stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 279,383 shares of company stock valued at $92,912,517. Company insiders own 0.06% of the company’s stock. Analyst Ratings Changes Several research analysts have commented on the stock. Piper Sandler assumed coverage on shares of Apple in a research report on Monday, August 17th. They set an “overweight” rating for the company. Morgan Stanley set a $355.00 target price on Apple and gave the stock an “overweight” rating in a research note on Thursday, October 1st. CICC Research increased their target price on shares of Apple from $310.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Moffett Nathanson restated a “neutral” rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Apple in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $340.02.

View Our Latest Stock Report on Apple

Apple Trading Up 1.1% AAPL opened at $340.42 on Friday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm has a market capitalization of $4.97 trillion, a price-to-earnings ratio of 39.04, a PEG ratio of 2.68 and a beta of 1.07. The company’s 50 day moving average price is $322.06 and its two-hundred day moving average price is $302.76.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 EPS. As a group, research analysts predict that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple’s dividend payout ratio is presently 12.39%.

Apple Profile (Free Report)

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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Wedmont Private Capital lifted its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 5.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 301,877 shares of the iPhone maker’s stock after purchasing an additional 16,505 shares during the quarter. Apple comprises approximately 2.6% of Wedmont Private Capital’s holdings, making the stock its 10th largest holding. Wedmont Private Capital’s holdings in Apple were worth $95,188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Berkshire Hathaway Inc purchased a new stake in Apple during the second quarter worth approximately $65,950,297,000. Bank of America Corp DE acquired a new position in shares of Apple during the 2nd quarter valued at $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple during the 2nd quarter worth $30,443,242,000. Nuveen LLC boosted its position in Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker’s stock worth $20,389,750,000 after purchasing an additional 2,725,121 shares during the period. Finally, Amundi increased its holdings in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Apple News Here are the key news stories impacting Apple this week:

Positive Sentiment: AI monetization opportunity: Analyst Dan Ives said Apple could become a “toll collector” for consumer AI by leveraging more than 2.5 billion active devices and its Services ecosystem. He sees the opportunity adding as much as $75 per share to Apple’s valuation. Apple Could Be the Toll Collector of Consumer AI Positive Sentiment: Smart-home expansion: Apple is expected to unveil new connected-home products, potentially including a doorbell, thermostat, lock and other accessories developed with LG Electronics, at its October 13 “Welcome Home” event. The initiative could broaden Apple’s hardware and Services opportunity while strengthening HomeKit against Amazon and Google. Apple Smart Home Push Positive Sentiment: M&A leadership change: Apple appointed veteran insider Steve Smith as head of mergers and acquisitions, replacing Adrian Perica, who is moving to the Services division. Investors may view the change as support for a more active acquisition strategy and tighter alignment between dealmaking and Services growth. Apple Names Steve Smith New M&A Chief Positive Sentiment: Tokenized-stock exposure: Securitize launched tokenized versions of Apple and 11 other major U.S. stocks on Solana. The offering could increase visibility for Apple’s shares and reflects broader demand for digital access to large-cap equities, although the direct financial effect on Apple is limited. Securitize Launches Tokenized U.S. Equities Neutral Sentiment: Management is pursuing faster execution: CEO John Ternus is reportedly considering more frequent product releases and fewer management layers. The changes could improve innovation, but commentary also highlights that Siri and Apple’s AI execution remain areas where investors want faster progress. Apple Is Speeding Up, Siri Isn’t Negative Sentiment: Valuation and margin risks: Apple trades at a premium earnings multiple after a strong year-to-date advance. Morgan Stanley lowered its price target to $355 despite raising revenue estimates, citing softer iPhone pricing and higher memory-chip costs. Bank of America also warned that Meta’s AI developments could challenge Apple’s Services ecosystem. Morgan Stanley Is Bullish on Apple With a Catch Negative Sentiment: Insider selling and concentration concerns: Senior Vice President Jennifer Newstead sold 2,399 shares, a relatively small transaction that may nevertheless add to investor caution. Separately, Apple’s huge weighting in the S&P 500 leaves index investors vulnerable if the stock or other mega-cap technology shares retreat. Apple Insider Transaction Filing Insider Activity at Apple In other news, SVP Deirdre O’brien sold 46,389 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares in the company, valued at approximately $1,086,837,377.28. This trade represents a 5.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 279,383 shares of company stock valued at $92,912,517 in the last 90 days. 0.06% of the stock is currently owned by insiders. Wall Street Analyst Weigh In Several research analysts have commented on the company. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and cut their price objective for the company from $329.00 to $280.00 in a research report on Tuesday, August 4th. The Goldman Sachs Group started coverage on Apple in a research report on Monday, August 17th. They issued a “buy” rating for the company. Maxim Group increased their target price on Apple from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company reiterated an “overweight” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the company a “buy” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.02.

Check Out Our Latest Report on AAPL

Apple Stock Performance Apple stock opened at $340.42 on Friday. The stock has a market cap of $4.97 trillion, a P/E ratio of 39.04, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $322.06 and a 200-day moving average of $302.76. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.57 earnings per share. On average, analysts expect that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Apple Company Profile (Free Report)

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple’s services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

Featured Stories Five stocks we like better than Apple Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push

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GAMMA Investing LLC grew its holdings in Meta Platforms, Inc. (NASDAQ:META – Free Report) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,449 shares of the social networking company’s stock after purchasing an additional 7,458 shares during the quarter. Meta Platforms accounts for about 1.5% of GAMMA Investing LLC’s holdings, making the stock its 10th biggest holding. GAMMA Investing LLC’s holdings in Meta Platforms were worth $46,012,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Auto Owners Insurance Co grew its stake in shares of Meta Platforms by 76,587.7% in the fourth quarter. Auto Owners Insurance Co now owns 105,292,277 shares of the social networking company’s stock worth $69,502,379,000 after acquiring an additional 105,154,977 shares in the last quarter. State Street Corp raised its stake in shares of Meta Platforms by 4.0% in the second quarter. State Street Corp now owns 92,033,963 shares of the social networking company’s stock valued at $51,841,811,000 after acquiring an additional 3,510,123 shares in the last quarter. Bank of America Corp DE boosted its holdings in Meta Platforms by 14.6% in the first quarter. Bank of America Corp DE now owns 21,038,035 shares of the social networking company’s stock valued at $12,036,491,000 after purchasing an additional 2,673,494 shares during the period. Invesco Ltd. grew its stake in Meta Platforms by 6.1% during the 4th quarter. Invesco Ltd. now owns 18,200,469 shares of the social networking company’s stock worth $12,013,948,000 after purchasing an additional 1,046,715 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Meta Platforms by 1.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,836,063 shares of the social networking company’s stock worth $7,230,426,000 after purchasing an additional 162,909 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms Stock Performance Shares of META opened at $720.89 on Friday. The stock has a 50 day moving average price of $637.74 and a 200 day moving average price of $619.40. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Meta Platforms, Inc. has a 52-week low of $520.26 and a 52-week high of $779.82.

Meta Platforms (NASDAQ:META – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The social networking company reported $6.18 earnings per share for the quarter, missing analysts’ consensus estimates of $7.19 by ($1.01). The company had revenue of $60.80 billion for the quarter, compared to analyst estimates of $60.22 billion. Meta Platforms had a return on equity of 33.18% and a net margin of 29.83%.The firm’s revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $7.14 EPS. Research analysts predict that Meta Platforms, Inc. will post 27.94 EPS for the current fiscal year. Meta Platforms Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, September 28th. Investors of record on Monday, September 21st were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 21st. Meta Platforms’s dividend payout ratio (DPR) is currently 7.91%.

Insider Activity at Meta Platforms In other Meta Platforms news, COO Javier Olivan sold 946 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $728.08, for a total value of $688,763.68. Following the completion of the transaction, the chief operating officer owned 7,878 shares in the company, valued at $5,735,814.24. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Zuckerberg sold 27,474 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $777.44, for a total value of $21,359,386.56. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 148,222 shares of company stock valued at $101,033,627 over the last ninety days. Insiders own 13.53% of the company’s stock.

Meta Platforms News Summary Here are the key news stories impacting Meta Platforms this week:

Positive Sentiment: Meta’s growing role in the micro-drama market could create a new advertising revenue stream. Short-form serialized shows are expanding beyond China, and the platform is becoming an important distribution channel for this content. Why Meta is winning the micro drama wars Positive Sentiment: Wells Fargo reportedly set a $1,000 price target, citing AI as a potential catalyst, while TD Cowen reaffirmed its “buy” rating with an $865 target. These targets imply analysts see substantial upside if Meta converts AI investment into higher engagement, advertising and commerce revenue. Meta Could Hit $1,000, Says Wells Fargo Positive Sentiment: Meta’s Muse assistant continues to expand, including a new iPad app, and the company is working with Sierra, Shopify, Stripe and Walmart on standards for AI agents to interact with businesses. Successful agentic commerce could eventually provide Meta with transaction-based revenue. Meta’s Muse launches on iPad Neutral Sentiment: President Donald Trump disclosed purchases of as much as $25 million in Meta stock, a headline that may support investor sentiment but does not change the company’s fundamentals. Trump bought up to $25 million in Meta Negative Sentiment: Jefferies found that roughly one-third of tested websites blocked Meta’s Muse agent. Access limitations could delay Meta’s plans to earn transaction fees from AI-powered shopping and other agentic-commerce services. Meta’s Muse AI agent blocked by websites Negative Sentiment: Florida is pursuing restrictions on Meta’s platforms, including a possible ban for users under 14 and limits on infinite scrolling for teenagers. Such rules could reduce engagement, advertising inventory and the effectiveness of Meta’s core products while increasing legal costs. Meta Stock Falls as Florida challenges infinite scroll Negative Sentiment: Investors remain concerned that Meta’s substantial AI data-center spending is consuming cash before returns are clear. Commentary also highlights criticism of CEO Mark Zuckerberg’s AI strategy and the risk that AI infrastructure becomes a prolonged cash-flow drag. Why AI Infrastructure Is Turning Meta and Amazon Into Cash-Flow Sinks Analyst Upgrades and Downgrades META has been the subject of several recent research reports. Citizens Jmp lifted their price objective on Meta Platforms from $770.00 to $885.00 and gave the company a “market outperform” rating in a research note on Thursday, September 24th. Citigroup reaffirmed an “outperform” rating on shares of Meta Platforms in a report on Thursday, September 24th. Loop Capital lifted their price target on shares of Meta Platforms from $740.00 to $955.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Robert W. Baird dropped their price objective on shares of Meta Platforms from $830.00 to $750.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Finally, Canaccord Genuity Group raised their price objective on shares of Meta Platforms from $930.00 to $950.00 and gave the company a “buy” rating in a report on Friday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $791.86.

Check Out Our Latest Report on Meta Platforms

Meta Platforms Profile (Free Report)

Meta Platforms, Inc is a technology company that develops social networking, messaging, virtual and augmented reality, and artificial intelligence products. The company operates a global family of apps that includes Facebook, Instagram, Messenger, WhatsApp and Threads, enabling users to connect, communicate, share content and discover communities.

Meta generates most of its business through digital advertising displayed across its platforms. Its products serve individuals, creators, businesses and organizations in markets around the world, while its advertising tools help businesses reach audiences based on factors such as interests, activity and demographics.

Through its Reality Labs division, Meta develops virtual and augmented reality hardware, software and services, including the Meta Quest line of headsets and related experiences.

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Farther Finance Advisors LLC increased its stake in shares of CocaCola Company (The) (NYSE:KO – Free Report) by 22.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,252 shares of the company’s stock after purchasing an additional 36,067 shares during the period. Farther Finance Advisors LLC’s holdings in CocaCola were worth $16,979,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of CocaCola by 1.2% during the fourth quarter. State Street Corp now owns 167,850,330 shares of the company’s stock valued at $11,734,417,000 after acquiring an additional 1,992,327 shares during the last quarter. Bank of America Corp DE raised its stake in CocaCola by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 45,958,636 shares of the company’s stock valued at $3,735,058,000 after purchasing an additional 1,939,673 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CocaCola by 0.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,354,414 shares of the company’s stock valued at $2,954,523,000 after purchasing an additional 162,097 shares during the last quarter. Wellington Management Group LLP lifted its holdings in CocaCola by 9.2% in the 2nd quarter. Wellington Management Group LLP now owns 29,053,752 shares of the company’s stock valued at $2,361,198,000 after purchasing an additional 2,439,026 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in CocaCola by 6.7% in the 4th quarter. Invesco Ltd. now owns 28,520,214 shares of the company’s stock valued at $1,993,848,000 after purchasing an additional 1,798,371 shares in the last quarter. Hedge funds and other institutional investors own 70.26% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of CocaCola from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday. UBS Group set a $104.00 price objective on shares of CocaCola and gave the company a “buy” rating in a research note on Wednesday, July 29th. TD Cowen raised their target price on shares of CocaCola from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $86.00 target price (up from $82.00) on shares of CocaCola in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised CocaCola from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, CocaCola has a consensus rating of “Moderate Buy” and a consensus target price of $95.95.

Get Our Latest Analysis on KO Insider Activity at CocaCola In other news, Chairman James Quincey sold 145,947 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $90.09, for a total transaction of $13,148,365.23. Following the completion of the sale, the chairman directly owned 122,833 shares in the company, valued at $11,066,024.97. This represents a 54.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Bruno Pietracci sold 111,365 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $90.93, for a total value of $10,126,419.45. Following the completion of the transaction, the insider directly owned 41,365 shares in the company, valued at $3,761,319.45. This trade represents a 72.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 926,620 shares of company stock worth $83,075,714. 0.90% of the stock is owned by corporate insiders.

CocaCola Trading Up 2.2% Shares of KO stock opened at $87.73 on Friday. The firm has a market cap of $377.48 billion, a P/E ratio of 26.35, a PEG ratio of 3.34 and a beta of 0.32. CocaCola Company has a 1-year low of $66.00 and a 1-year high of $92.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.30 and a quick ratio of 1.12. The firm’s 50-day simple moving average is $88.00 and its 200-day simple moving average is $82.73.

CocaCola (NYSE:KO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. CocaCola had a net margin of 28.56% and a return on equity of 39.38%. The business had revenue of $13.37 billion for the quarter, compared to analysts’ expectations of $13.17 billion. During the same period last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. CocaCola has set its FY 2026 guidance at 3.270-3.300 EPS. As a group, equities analysts forecast that CocaCola Company will post 3.29 EPS for the current year.

CocaCola Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, September 15th. CocaCola’s dividend payout ratio (DPR) is 63.66%.

More CocaCola News Here are the key news stories impacting CocaCola this week:

Positive Sentiment: Potential Costa Coffee sale: Coca-Cola is reportedly exploring another sale of Costa Coffee. A divestiture could generate cash, simplify the portfolio and allow management to focus on higher-priority beverage businesses, although no transaction has been announced. Coca-Cola looks to sell Costa Coffee again, Semafor reports Positive Sentiment: Healthy volume and guidance trends: Recent coverage highlights approximately 5% volume growth in the second quarter, broader gains across cases sold, pricing and operating margins, and multiple outlook increases. Coca-Cola previously beat earnings expectations, reporting $0.97 in EPS versus a $0.93 consensus estimate and $13.37 billion in revenue versus $13.17 billion expected. Coca-Cola raises its outlook Positive Sentiment: Product innovation: New zero-sugar, prebiotic and flavored soda launches—including banana-vanilla offerings—could support consumer engagement and longer-term growth as preferences shift toward “better-for-you” beverages. Coca-Cola launches new soda products Neutral Sentiment: Defensive appeal remains intact: Coca-Cola continues to attract income-focused investors because of its long dividend history, strong global distribution network and roughly 28.5% net margin. However, comparisons with PepsiCo and other consumer-staples stocks offer no clear new catalyst for KO. Three soda giants pay dividends Negative Sentiment: Valuation and execution risks: Analysts caution that KO trades above its historical average multiple, with a P/E near 26, while its cash-flow-based valuation appears close to fair value. A bearish earnings preview also points to insider selling and limited room for disappointment ahead of results. Coca-Cola Q3 earnings preview CocaCola Company Profile (Free Report)

The Coca-Cola Company (NYSE: KO) is a global beverage company headquartered in Atlanta, Georgia. Its portfolio includes sparkling soft drinks, water, sports drinks, coffee, tea, juice, dairy and plant-based beverages, and other ready-to-drink products. The company’s best-known brands include Coca-Cola, Diet Coke, Coca-Cola Zero Sugar, Sprite, Fanta, Dasani, Powerade, Minute Maid, fairlife, and Georgia Coffee.

Founded in 1886, the company develops, owns, licenses, markets, and distributes beverage brands through a network of bottling partners, distributors, retailers, and food-service operators.

See Also Five stocks we like better than CocaCola Want Private-Market Access to Kalshi and Polymarket? Try This ETF Levi’s Stock Dip Reveals Value Opportunity Despite Q3 Headwinds PepsiCo Stock Looks Poised to Bottom With High Yield, Deep Value Alphabet’s $1.8 Billion Black Hills Deal Powers AI Data Center Push Want to see what other hedge funds are holding KO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CocaCola Company (The) (NYSE:KO – Free Report).

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