Sats Ownership

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

Recent Insider Transactions

DB:2S0 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
17 Feb 25	Sell€283,804	Wenche Evertsen	Individual	102,372	€2.77
20 Dec 24	Buy€7,514,599	Elixia Holding IV AS	Company	3,439,730	€2.18
20 Dec 24	Sell€7,514,599	Sats Management Invest AS	Company	3,439,730	€2.18

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 2S0?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	9,178,998	4.63%
General Public	18,369,110	9.26%
Private Companies	39,490,840	19.9%
Institutions	131,343,121	66.2%

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

Top Shareholders

Top 25 shareholders own 83.4% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.3%	Elixia Holding IV AS	20,500,000	€61.9m	0%	no data
6.84%	JPMorgan Chase & Co.	13,561,839	€41.0m	0%	0.01%
5.92%	DNB Asset Management AS	11,743,945	€35.5m	126%	0.12%
5.3%	Nordea Funds AB	10,515,730	€31.8m	-0.76%	0.29%
5.01%	JP Morgan Asset Management	9,939,252	€30.0m	-9.33%	no data
4.79%	Fondsfinans Kapitalforvaltning ASA	9,497,406	€28.7m	189%	23.03%
4.46%	Folketrygdfondet	8,848,765	€26.7m	0%	0.18%
3.84%	Maaseide Holdco As	7,627,055	€23.0m	-3.17%	no data
3.62%	BNY Asset Management	7,184,066	€21.7m	0%	no data
3.52%	KLP Kapitalforvaltning AS	6,989,585	€21.1m	54.9%	0.06%
3.5%	Salt Value AS	6,947,109	€21.0m	-9.09%	15.61%
2.6%	Hugo Maurstad	5,149,933	€15.6m	0%	no data
2.43%	Alfred Berg Kapitalforvaltning AS	4,816,788	€14.6m	0%	0.89%
2.12%	Nordea Investment Management, AB	4,212,021	€12.7m	0%	0.01%
2.08%	SpareBank 1 Sør-Norge ASA	4,130,000	€12.5m	0%	3.71%
2.08%	SpareBank 1 Gruppen AS	4,124,054	€12.5m	4.79%	12.37%
2.01%	Handelsbanken Asset Management	3,988,956	€12.1m	204%	0.02%
1.97%	Vevlen Gård AS	3,900,000	€11.8m	0%	no data
1.96%	Arctic Asset Management AS	3,888,000	€11.7m	11.3%	1.13%
1.8%	Morgan Stanley	3,562,534	€10.8m	0%	no data
1.5%	Storebrand Asset Management AS	2,965,959	€9.0m	120%	0.19%
1.49%	Skandinaviska Enskilda Banken AB (publ)	2,949,885	€8.9m	0%	0.09%
1.46%	UBS Asset Management AG	2,890,702	€8.7m	0%	no data
1.4%	Amundi Asset Management SAS	2,772,901	€8.4m	0%	no data
1.38%	Citigroup Inc.	2,734,868	€8.3m	0%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/19 00:51
End of Day Share Price	2025/11/19 00:00
Earnings	2025/09/30
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

Sats ASA is covered by 8 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
null null	ABG Sundal Collier
Tomas Helgo	Danske Bank
Ole Westgaard	DNB Carnegie