# Swarmer, Inc (SWMR)

> Source: Nexqual · https://nexqual.com/SWMR · data as of 2026-10-23 18:53 UTC · cite as "Nexqual, Swarmer, Inc (SWMR), nexqual.com/SWMR" · informational, not investment advice.

**Price:** USD 8.73 (-1.80% today) · US market open, as of October 23, 2026 at 18:53 UTC; quotes may be delayed. Prev close 8.89 · day 8.6–9.02 · 52w 8.6–83.3 · market cap $125M · NCM

## Key facts
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $2.1M; 3 not under a Rule 10b5-1 plan ($2.1M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (1 analysts), mean target USD 60 (range 60–60).
- Total return with dividends: 1Y -71.8% vs S&P 500 +14.4%; 5Y -76.2% vs S&P 500 +77.0%.
- Next earnings: 2026-11-12, EPS estimate USD -0.14, revenue estimate $1.0M.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 256.9x · P/B 4.0x · Earnings yield -11.30%

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-16 | Fink Alexander | See Remarks | 12,580 | $124K | 0.5% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-21 | Fink Alexander | See Remarks | 60,328 | $1.4M | 2.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-16 | Zeefe Justin Matthew | Director | 23,885 | $576K | 8.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
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 2.00 on a 1–5 scale), 1 analysts; mean target USD 60 (low 60, high 60).

## Total return (dividends reinvested)
|  | 1Y (from 2026-03-17) | 5Y (from 2026-03-16) |
|---|---|---|
| Total return | -71.8% | -76.2% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | — | — |
| Volatility (annualized) | 180.1% | 169.6% |
| Max drawdown | -88.9% (Jun 2026→Oct 2026) | -86.9% (Mar 2026→Oct 2026) |

## Peers (Software - Infrastructure)
PAY (Paymentus Holdings, Inc.) USD 33.47 -1.76% · BLSH (Bullish) USD 28.04 -3.94% · DLO (DLocal Limited) USD 14.9 +0.40% · TENB (Tenable Holdings, Inc.) USD 44.05 +4.88% · BB (BlackBerry Limited) USD 8.84 +2.85% · RELY (Remitly Global, Inc.) USD 24.79 -2.09%

## More
Full page: https://nexqual.com/SWMR · 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

## Customer concentration

Period ended 2026-06-30: 99% of revenue from unnamed direct customers (10-Q, filed 2026-08-14).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.14 | $-0.05 | +180.0% | $1.0M | 1 |
| Next quarter (ends 2026-12-31) | $-0.07 | $0.02 | -450.0% | $3.0M | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.93 | $-0.43 | +116.3% | $4.2M | 1 |
| Next fiscal year (ends 2027-12-31) | $0.27 | $0.27 | +0.0% | $25.0M | 1 |