Piper Sandler Companies (NYSE:PIPR) Sees Unusually-High Trading Volume

Piper Sandler Companies (NYSE:PIPR) saw an uptick in trading volume on Friday . 55,352 shares changed hands during trading, a decline of 48% from the previous session’s volume of 106,737 shares.The stock last traded at $257.18 and had previously closed at $262.11.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Piper Sandler Companies in a research report on Tuesday, June 11th.

Piper Sandler Companies Price Performance

The stock’s 50 day moving average is $251.03 and its 200-day moving average is $223.65. The company has a market capitalization of $4.39 billion, a P/E ratio of 41.83 and a beta of 1.40.

Insider Buying and Selling

In related news, General Counsel John W. Geelan sold 1,570 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $211.14, for a total value of $331,489.80. Following the sale, the general counsel now owns 16,854 shares in the company, valued at $3,558,553.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel John W. Geelan sold 1,570 shares of Piper Sandler Companies stock in a transaction on Monday, May 6th. The shares were sold at an average price of $211.14, for a total transaction of $331,489.80. Following the transaction, the general counsel now owns 16,854 shares in the company, valued at approximately $3,558,553.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Debbra L. Schoneman sold 3,978 shares of Piper Sandler Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $212.29, for a total value of $844,489.62. Following the sale, the president now directly owns 44,105 shares in the company, valued at approximately $9,363,050.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,570 shares of company stock worth $1,393,941. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Piper Sandler Companies

Several institutional investors have recently modified their holdings of PIPR. Commonwealth Equity Services LLC raised its holdings in shares of Piper Sandler Companies by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 2,340 shares of the financial services provider’s stock worth $539,000 after buying an additional 54 shares during the period. Oliver Luxxe Assets LLC raised its stake in shares of Piper Sandler Companies by 1.1% during the 1st quarter. Oliver Luxxe Assets LLC now owns 5,954 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 62 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Piper Sandler Companies by 62.1% in the 4th quarter. Parallel Advisors LLC now owns 167 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 64 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Piper Sandler Companies by 1.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 3,572 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 67 shares in the last quarter. Finally, 1492 Capital Management LLC increased its stake in shares of Piper Sandler Companies by 1.1% in the 4th quarter. 1492 Capital Management LLC now owns 6,399 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 68 shares in the last quarter. 72.79% of the stock is owned by institutional investors.

About Piper Sandler Companies

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services and institutional sales, trading, and research services for various equity and fixed income products; advisory services, such as mergers and acquisitions, equity and debt private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and municipal financial advisory and loan placement services, as well as various over-the-counter derivative products.