Insider Selling: PAR Technology (NYSE:PAR) CAO Sells 582 Shares of Stock

05 Mar 2026, 22:42 by Teresa Graham · The Cerbat Gem

PAR Technology Corporation (NYSE:PAR – Get Free Report) CAO Michael Anthony Steenberge sold 582 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.27, for a total value of $10,633.14. Following the sale, the chief accounting officer directly owned 25,587 shares of the company’s stock, valued at approximately $467,474.49. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Anthony Steenberge also recently made the following trade(s):

On Tuesday, March 3rd, Michael Anthony Steenberge sold 2,342 shares of PAR Technology stock. The shares were sold at an average price of $17.49, for a total value of $40,961.58.

PAR Technology Trading Up 4.3%

Shares of NYSE:PAR traded up $0.81 during midday trading on Thursday, reaching $19.48. 1,065,916 shares of the company’s stock were exchanged, compared to its average volume of 1,523,789. The stock has a market cap of $801.60 million, a price-to-earnings ratio of -9.37 and a beta of 1.36. PAR Technology Corporation has a fifty-two week low of $15.44 and a fifty-two week high of $72.15. The firm’s 50 day simple moving average is $28.13 and its two-hundred day simple moving average is $35.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.46.

PAR Technology (NYSE:PAR – Get Free Report) last announced its earnings results on Thursday, February 26th. The software maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.16. PAR Technology had a negative net margin of 18.54% and a negative return on equity of 2.32%. The company had revenue of $120.10 million during the quarter, compared to analyst estimates of $116.39 million. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts forecast that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BTIG Research decreased their price target on PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Benchmark cut their price objective on PAR Technology from $77.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. Needham & Company LLC cut their price target on shares of PAR Technology from $55.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, The Goldman Sachs Group reduced their price target on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.00.

View Our Latest Stock Analysis on PAR Technology

Hedge Funds Weigh In On PAR Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of PAR Technology by 8.0% during the first quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock worth $1,255,000 after buying an additional 1,515 shares during the period. AQR Capital Management LLC acquired a new position in PAR Technology during the 1st quarter worth approximately $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PAR Technology by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock valued at $1,228,000 after purchasing an additional 874 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of PAR Technology by 186,466.7% in the 1st quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock valued at $343,000 after purchasing an additional 5,594 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of PAR Technology by 28.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock worth $14,200,000 after purchasing an additional 51,316 shares during the last quarter.

Key Stories Impacting PAR Technology

Here are the key news stories impacting PAR Technology this week:

Positive Sentiment: Voss Capital pushed for a strategic review and urged the board to explore all alternatives, increasing expectations of a potential sale or other value‑unlocking transaction; activist involvement often lifts share prices on takeover/recapitalization hopes. Voss Capital Issues Open Letter to the Board of PAR Technology
Positive Sentiment: Voss Capital has been buying shares across January–February (multiple SEC filings) and now owns ~13.2% of PAR; continued buying by a large shareholder reinforces the activist thesis and signals conviction. Voss Capital SEC Filing
Neutral Sentiment: Unusual options flow: investors bought ~6,188 call contracts in a single session (≈525% above average), indicating short‑term speculative bullish interest that can amplify intraday moves. (No external article)
Neutral Sentiment: Product update: PAR launched “PAR Retail Drive™ AI” — a product/technology release that supports long‑term revenue potential but is unlikely to change near‑term fundamentals by itself. PAR Technology Launches PAR Retail Drive™ AI
Negative Sentiment: Large insider selling: CEO Savneet Singh sold 57,605 shares (Mar 3) and 14,310 shares (Mar 4), and the CFO/CAO also sold multiple tranches — sizable insider exits can raise governance/valuation concerns and weigh on sentiment. CEO Insider Sale SEC Filing
Negative Sentiment: Analyst downgrade drove the stock to a 12‑month low recently, highlighting near‑term skepticism about the company’s outlook despite activist attention. PAR Technology Hits New 12-Month Low on Analyst Downgrade

PAR Technology Company Profile

(Get Free Report)

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.