Energy Recovery Ownership

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

Recent Insider Transactions

DB:5E2 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 May 25	Buy€46,036	Pamela Tondreau	Individual	4,200	€10.96
13 May 25	Buy€45,860	David Moon	Individual	4,200	€10.92
11 Mar 25	Sell€747,918	Arve Hanstveit	Individual	50,000	€14.96
11 Dec 24	Sell€321,778	Arve Hanstveit	Individual	20,000	€16.09
28 Oct 24	Sell€174,710	Farshad Ghasripoor	Individual	10,526	€16.60
28 Oct 24	Sell€108,036	Rodney Clemente	Individual	6,505	€16.61
28 Oct 24	Sell€42,341	David Moon	Individual	2,550	€16.60
05 Aug 24	Buy€43,755	David Moon	Individual	3,000	€14.59
29 Jul 24	Sell€27,197	William Yeung	Individual	2,012	€13.52
29 Jul 24	Sell€55,137	Farshad Ghasripoor	Individual	4,079	€13.52
29 Jul 24	Sell€31,806	Rodney Clemente	Individual	2,353	€13.52
18 Jun 24	Sell€14,493	David Moon	Individual	1,219	€11.89
07 Jun 24	Sell€244,207	Arve Hanstveit	Individual	20,000	€12.21
28 May 24	Sell€50,444	Joshua Ballard	Individual	4,051	€12.45

Insider Trading Volume

Insider Buying: 5E2 insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of 5E2?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,116,566	2.05%
General Public	6,966,080	12.8%
Institutions	46,416,579	85.2%

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

Top Shareholders

Top 25 shareholders own 64.08% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11%	BlackRock, Inc.	5,994,038	€69.5m	6.76%	no data
9.43%	Columbia Management Investment Advisers, LLC	5,138,893	€59.6m	3.73%	0.02%
6.41%	The Vanguard Group, Inc.	3,494,872	€40.5m	7.46%	no data
4.76%	Brown Capital Management, LLC	2,595,951	€30.1m	-11.1%	0.6%
3.58%	Fidelity International Ltd	1,952,199	€22.6m	-6.36%	0.01%
2.63%	State Street Global Advisors, Inc.	1,432,845	€16.6m	-1.22%	no data
2.55%	Geode Capital Management, LLC	1,388,924	€16.1m	2.3%	no data
2.28%	KBC Asset Management NV	1,242,889	€14.4m	0%	0.03%
2.17%	Diamond Hill Capital Management, Inc.	1,184,674	€13.7m	-26.3%	0.07%
2.02%	Baillie Gifford & Co.	1,099,276	€12.7m	-1.84%	0.01%
1.96%	Avenir Corporation	1,066,654	€12.4m	-5.72%	1.41%
1.61%	Legal & General Investment Management Limited	876,013	€10.2m	28.3%	no data
1.55%	Arve Hanstveit	842,055	€9.8m	23.5%	no data
1.48%	Dimensional Fund Advisors LP	806,371	€9.4m	4.98%	no data
1.22%	Select Equity Group, L.P.	667,157	€7.7m	404%	0.03%
1.12%	RobecoSAM AG	612,689	€7.1m	-0.9%	0.09%
1.06%	Invesco Capital Management LLC	578,971	€6.7m	-30.5%	no data
1.06%	New York State Common Retirement Fund	578,413	€6.7m	-0.58%	0.01%
0.99%	Northern Trust Global Investments	541,561	€6.3m	-3.22%	no data
0.91%	Morgan Stanley, Investment Banking and Brokerage Investments	497,346	€5.8m	58.8%	no data
0.91%	Silvercrest Asset Management Group LLC	494,337	€5.7m	-0.57%	0.04%
0.89%	Goldman Sachs Asset Management, L.P.	486,855	€5.6m	-3.32%	no data
0.87%	Charles Schwab Investment Management, Inc.	471,490	€5.5m	-0.84%	no data
0.86%	Driehaus Capital Management LLC	467,227	€5.4m	0%	0.04%
0.76%	Eaton Vance Management	412,797	€4.8m	-2.52%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/20 14:32
End of Day Share Price	2025/05/20 00:00
Earnings	2025/03/31
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

Energy Recovery, Inc. is covered by 26 analysts. 3 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
Jinming Liu	Ardour Capital Investments, LLC
J. Horwitz	Baird
Ryan Connors	Boenning & Scattergood, Inc.