PAR Technology (NYSE:PAR) CAO Michael Anthony Steenberge Sells 582 Shares

March 6, 2026 by InsiderTrades.com

Key Points

Voss Capital purchased 182,862 shares of PAR on Feb. 3 at an average price of $22.89 (transaction value $4,185,711), bringing its total holding to 4,075,000 shares valued at about $93.3 million after multiple recent buys.
Despite the major holder's buying, PAR shares fell 5.4% to $18.46; the company reported a quarterly EPS beat ($0.06 vs. -$0.10) but still has negative margins and an expected fiscal-year EPS of -1.47, while company insiders sold shares in early March around $17–$18.

PAR Technology Corporation (NYSE:PAR - Get Free Report) CAO Michael Anthony Steenberge sold 582 shares of PAR Technology stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.27, for a total transaction of $10,633.14. Following the sale, the chief accounting officer owned 25,587 shares in the company, valued at approximately $467,474.49. The trade was a 2.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was sold at an average price of $17.49, for a total transaction of $40,961.58.

PAR Technology Trading Down 3.2%

PAR stock traded down $0.63 during midday trading on Friday, reaching $18.89. 586,688 shares of the company traded hands, compared to its average volume of 1,379,808. PAR Technology Corporation has a 52-week low of $15.44 and a 52-week high of $72.15. The business has a 50 day moving average of $28.13 and a 200-day moving average of $35.65. The firm has a market capitalization of $777.32 million, a price-to-earnings ratio of -9.08 and a beta of 1.36. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.66.

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

Hedge Funds Weigh In On PAR Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. boosted its holdings in PAR Technology by 3.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker's stock valued at $214,650,000 after acquiring an additional 201,782 shares during the last quarter. Vanguard Group Inc. raised its holdings in PAR Technology by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker's stock worth $119,871,000 after purchasing an additional 12,250 shares during the last quarter. Capital Research Global Investors lifted its position in shares of PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker's stock worth $128,121,000 after purchasing an additional 476,839 shares during the period. Progeny 3 Inc. boosted its stake in shares of PAR Technology by 18.7% in the 4th quarter. Progeny 3 Inc. now owns 2,056,308 shares of the software maker's stock valued at $74,603,000 after purchasing an additional 323,990 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of PAR Technology by 24.1% in the 2nd quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker's stock worth $130,224,000 after purchasing an additional 364,892 shares in the last quarter.

Key Headlines Impacting PAR Technology

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

Positive Sentiment: Major institutional buying — Voss Capital disclosed several purchases across Jan–Feb that together equal roughly $14.6M of stock and lifted its stake to ~4.14M shares, signaling strong institutional conviction that can support the share price. Voss Capital buys PAR Technology (PAR) shares worth $14.6 million
Positive Sentiment: Elevated call‑option activity was reported (sharp spike in call volume), which often accompanies short‑term bullish positioning and dealer hedging flows that can prop up the stock in the near term.
Neutral Sentiment: Recent fundamentals: PAR beat consensus in its Feb. 26 quarter (revenue +14.4% y/y; EPS beat), which supports medium‑term valuation but may already be reflected in the price.
Neutral Sentiment: Context on Voss buys: those purchases occurred across multiple dates and prices (mid‑$30s down into low‑$20s), which shows accumulation at varied levels but does not guarantee further buying. Voss Capital SEC filing
Negative Sentiment: Significant insider selling — CEO Savneet Singh (large blocks sold on Mar 3 and Mar 4), CFO Bryan Menar, CAO Michael Steenberge and director Cathy King sold multiple tranches around $17–$18. Executive sales at these levels are likely the primary driver of today's downward pressure on sentiment. Relevant filings: Insider trades summary and SEC Form 4 disclosures CEO filings CFO filings CAO filings Director filings

Wall Street Analyst Weigh In

PAR has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on PAR Technology from $40.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday. Needham & Company LLC decreased their target price on shares of PAR Technology from $55.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, February 27th. BTIG Research cut their price target on shares of PAR Technology from $60.00 to $45.00 and set a "buy" rating for the company in a report on Friday, February 27th. Stephens reduced their price target on shares of PAR Technology from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Finally, Benchmark lowered their price objective on shares of PAR Technology from $77.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.00.

Check Out Our Latest Report on PAR Technology

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.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.