HealthStream Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:HSTM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
27 Feb 25	SellUS$21,846	Scott Fenstermacher	Individual	659	US$33.15
29 Aug 24	SellUS$39,938	Deborah Tate	Individual	1,400	US$28.53
26 Aug 24	SellUS$28,990	Scott Fenstermacher	Individual	1,000	US$28.99

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HSTM?
Owner Type	Number of Shares	Ownership Percentage
State or Government	10,858	0.0366%
General Public	348,808	1.18%
Individual Insiders	6,250,190	21.1%
Institutions	23,031,351	77.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 74.95% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
18.4%	Robert Frist	5,447,839	US$144.3m	0.07%	no data
12.2%	BlackRock, Inc.	3,612,026	US$95.7m	-7.77%	no data
10.3%	The Vanguard Group, Inc.	3,060,969	US$81.1m	0.26%	no data
4.81%	Dimensional Fund Advisors LP	1,424,861	US$37.7m	-2.05%	0.01%
3.52%	State Street Global Advisors, Inc.	1,042,158	US$27.6m	2.52%	no data
2.98%	Copeland Capital Management, LLC	882,950	US$23.4m	15.6%	0.47%
2.58%	Geode Capital Management, LLC	766,193	US$20.3m	5.34%	no data
2.57%	Acadian Asset Management LLC	762,343	US$20.2m	5.1%	0.03%
2.07%	Punch & Associates Investment Management, Inc.	613,971	US$16.3m	-22.7%	0.99%
1.85%	Renaissance Technologies LLC	548,000	US$14.5m	-0.24%	0.02%
1.37%	First Eagle Investment Management, LLC	406,498	US$10.8m	-1.55%	0.01%
1.3%	Northern Trust Global Investments	386,127	US$10.2m	26%	no data
1.28%	Boston Partners Global Investors, Inc.	380,604	US$10.1m	162%	0.01%
1.16%	Harbor Capital Advisors, Inc.	343,124	US$9.1m	-19.2%	0.33%
1.08%	Stephens Investment Management Group, LLC	319,301	US$8.5m	0.3%	0.11%
0.89%	Cerity Partners LLC	262,943	US$7.0m	-12.4%	0.01%
0.84%	Arrowstreet Capital, Limited Partnership	248,900	US$6.6m	12.3%	no data
0.78%	Frank Gordon	231,308	US$6.1m	1.64%	no data
0.77%	SEI Investments Company	227,132	US$6.0m	-3.02%	0.01%
0.75%	Charles Schwab Investment Management, Inc.	221,995	US$5.9m	-0.51%	no data
0.73%	Jacobs Levy Equity Management Inc	216,906	US$5.7m	30.8%	0.02%
0.71%	BNY Asset Management	210,931	US$5.6m	-1.94%	no data
0.7%	PanAgora Asset Management, Inc.	207,819	US$5.5m	-0.26%	0.02%
0.68%	JP Morgan Asset Management	202,163	US$5.4m	1,870%	no data
0.64%	Herald Investment Management Ltd.	190,000	US$5.0m	0%	0.3%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/16 02:59
End of Day Share Price	2025/08/15 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HealthStream, Inc. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Matthew Gillmor	Baird
Vincent Colicchio	Barrington Research Associates, Inc.
Richard Close	Canaccord Genuity