# PicS N.V. (PICS)

> Source: Nexqual · https://nexqual.com/PICS · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, PicS N.V. (PICS), nexqual.com/PICS" · informational, not investment advice.

**Price:** USD 7.86 (-0.51% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 7.9 · day 7.57–8.15 · 52w 7.27–19.95 · market cap $1.02B · NMS

## Key facts
- Insider open-market purchases, last ~7 months: 7 Form 4 filings, $1.7M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.78 on a 1–5 scale) (9 analysts), mean target USD 18.38 (range 14.86–23.03).
- Total return with dividends: 1Y -58.4% vs S&P 500 +14.8%; 5Y -56.3% vs S&P 500 +79.1%.
- Next earnings: 2026-11-16, EPS estimate USD 2.17, revenue estimate $4.56B. All companies reporting that day: https://nexqual.com/earnings/2026-11-16
- Dividend: PICS paid no cash dividend in the last five years.
- Short interest: 4.28% of float (as of 2026-10-15), 2.2 days to cover.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
7 purchases, $1.7M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-11 | Augusto Cazotto Andre | IR, Strategy and M&A Officer | 49,500 | $466K | 9.41 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-10 | Batista Costa Jose Antonio | Director | 18,500 | $175K | 9.47 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-09 | Batista Costa Jose Antonio | Director | 20,800 | $202K | 9.73 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-08 | Batista Costa Jose Antonio | Director | 21,130 | $199K | 9.42 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-05 | Batista Costa Jose Antonio | Director | 21,833 | $200K | 9.16 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-05 | Pruett William Rodney | Director | 25,000 | $228K | 9.1 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-04 | Batista Costa Jose Antonio | Director | 22,000 | $200K | 9.09 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.78 on a 1–5 scale), 9 analysts; mean target USD 18.38 (low 14.86, high 23.03).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-26 | Mizuho | Target lowered | Outperform | $18 → $16 |
| 2026-08-25 | RBC Capital | Target lowered | Outperform | $18 → $16 |

## Total return (dividends reinvested)
|  | 1Y (from 2026-01-29) | 5Y (from 2026-01-26) |
|---|---|---|
| Total return | -58.4% | -56.3% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | — | — |
| Volatility (annualized) | 98.8% | 107.3% |
| Max drawdown | -60.0% (Jan 2026→Oct 2026) | -56.3% (Jan 2026→Oct 2026) |

## Dividends
PICS paid no cash dividend in the last five years.

## Short interest
1,357,057 shares sold short, 4.28% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 1,366,625 shares (-0.7%). Days to cover: 2.2 (short shares ÷ average daily volume).

## Peers (Software - Infrastructure)
PAY (Paymentus Holdings, Inc.) USD 32.26 +2.02% · BLSH (Bullish) USD 28.47 -0.90% · CORZ (Core Scientific, Inc.) USD 14.43 -3.80% · RELY (Remitly Global, Inc.) USD 24.64 +1.52% · BB (BlackBerry Limited) USD 9.19 -2.23% · VRNS (Varonis Systems, Inc.) USD 48.82 -0.16%

## More
Full page: https://nexqual.com/PICS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.17 | $2.05 | +5.4% | $4.56B | 3 |
| Next quarter (ends 2026-12-31) | $2.57 | $2.42 | +6.1% | $5.07B | 3 |
| Current fiscal year (ends 2026-12-31) | $8.14 | $7.65 | +6.5% | $15.63B | 5 |
| Next fiscal year (ends 2027-12-31) | $15.62 | $16.06 | -2.7% | $21.74B | 5 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-16): ±38.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 143.9% | ±38.3% |
| 2026-12-18 | 50 | 87.1% | ±23.6% |
| 2027-05-21 | 204 | 91.1% | ±53.3% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $2.20 | $1.93 | Beat +14.0% | — |
| — | Quarter ended Mar 31, 2026 | $1.31 | $1.13 | Beat +15.9% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-25 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1841644/000121390026093207/0001213900-26-093207-index.htm |
| 2026-08-12 | Schedule 13G | Goldman Sachs Asset Management, L.P.: 7.3% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1841644/000122926226000020/0001229262-26-000020-index.htm |
| 2026-08-10 | 6-K | Current report (foreign issuer) · period ended Aug 10, 2026 | https://www.sec.gov/Archives/edgar/data/1841644/000121390026087277/0001213900-26-087277-index.htm |
| 2026-08-03 | 6-K | Current report (foreign issuer) · period ended Aug 3, 2026 | https://www.sec.gov/Archives/edgar/data/1841644/000121390026084623/0001213900-26-084623-index.htm |
| 2026-07-23 | 6-K | Current report (foreign issuer) · period ended Jul 23, 2026 | https://www.sec.gov/Archives/edgar/data/1841644/000121390026080986/0001213900-26-080986-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.