Arovella Therapeutics Ownership

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

Recent Insider Transactions

ASX:ALA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Sep 24	SellAU$6,502,097	Merchant Group Pty Ltd,Asset Management Arm	Company	6,502,098	AU$1.00
31 Aug 24	BuyAU$987,217	Merchant Funds Management Pty Ltd	Company	13,623,122	AU$0.083
31 Jul 24	SellAU$1,041,383	Merchant Funds Management Pty Ltd	Company	11,313,335	AU$0.12
30 Jun 24	BuyAU$1,603,731	Merchant Group Pty Ltd,Asset Management Arm	Company	22,575,474	AU$0.071
30 Jun 24	BuyAU$518,139	Merchant Funds Management Pty Ltd	Company	7,800,000	AU$0.11
30 Apr 24	BuyAU$795,944	Merchant Group Pty Ltd,Asset Management Arm	Company	9,472,222	AU$0.084
30 Apr 24	SellAU$217,074	Merchant Funds Management Pty Ltd	Company	2,000,000	AU$0.11
28 Mar 24	BuyAU$14,935	Thomas Duthy	Individual	103,000	AU$0.14
28 Mar 24	BuyAU$10,000	Gary Phillips	Individual	66,666	AU$0.15
27 Mar 24	BuyAU$31,290	Michael Baker	Individual	220,000	AU$0.14

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 ALA?
Owner Type	Number of Shares	Ownership Percentage
Institutions	117,078,223	11.1%
Private Companies	124,358,413	11.7%
Individual Insiders	169,285,488	16%
General Public	648,666,405	61.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.5%.

Top Shareholders

Top 25 shareholders own 38.67% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.6%	Trust Company Funds Management Ltd.	59,369,000	AU$10.1m	0%	0.53%
5.45%	Merchant Group Pty Ltd,Asset Management Arm	57,709,223	AU$9.8m	79.4%	72.1%
4.81%	Mann Beef Pty Ltd	50,905,657	AU$8.7m	0%	no data
2.62%	Matthew Buckley	27,749,415	AU$4.7m	0%	no data
2.07%	James Hughes-Morris	21,917,196	AU$3.7m	0%	no data
1.97%	Daniel Phillips	20,834,940	AU$3.5m	0%	no data
1.95%	Blackburne Capital Pty Ltd	20,695,706	AU$3.5m	7.93%	no data
1.62%	Shahen Mekertichian	17,166,666	AU$2.9m	9.57%	no data
1.43%	Tk Cooper Holdings Pty Ltd	15,186,620	AU$2.6m	0%	no data
1.28%	M & M Stock One Pty Ltd	13,596,581	AU$2.3m	21.4%	no data
1.23%	Neil Delroy	13,067,222	AU$2.2m	26.6%	no data
1.18%	Peter Cook	12,543,194	AU$2.1m	0%	no data
1.13%	Murray James Way Pty Ltd	12,022,400	AU$2.0m	64.2%	no data
1.07%	Naomi Hughes-Morris	11,309,868	AU$1.9m	0%	no data
1.04%	Moovnup Pty Ltd	11,067,962	AU$1.9m	9.09%	no data
0.98%	Clive Jones	10,390,789	AU$1.8m	2.47%	no data
0.94%	Richard Mann	10,000,000	AU$1.7m	181%	no data
0.62%	Michael Baker	6,567,472	AU$1.1m	0%	no data
0.45%	Sharon Martin	4,782,485	AU$813.0k	0%	no data
0.45%	Brendan Martin	4,782,485	AU$813.0k	0%	no data
0.45%	Thomas Duthy	4,747,444	AU$807.1k	0%	no data
0.083%	Fresh Start Australia Pty Ltd	883,487	AU$150.2k	0%	no data
0.078%	Nicole van der Weerden	822,222	AU$139.8k	0%	no data
0.074%	Gary Phillips	788,888	AU$134.1k	0%	no data
0.074%	Gary Phillips	788,888	AU$134.1k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 06:44
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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 here.

Analysis Model and Snowflake

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

Industry and Sector Metrics

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Analyst Sources

Arovella Therapeutics Limited is covered by 2 analysts. 1 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
Nidhi Singh	Edison Investment Research
Andrew Goodsall	MST Financial Services Pty Limited