SBA Communications Ownership

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

Recent Insider Transactions

DB:4SB Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
01 May 25	Sell€969,480	Jack Langer	Individual	4,543.25	€214.71
07 Mar 25	Sell€270,819	Joshua Koenig	Individual	1,311.38	€206.51
21 Aug 24	Sell€64,113	George Krouse	Individual	325	€197.27
01 Aug 24	Sell€10,243,801	Jeffrey Stoops	Individual	49,765	€206.45

Insider Trading Volume

Insider Buying: 4SB insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of 4SB?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	14,254	0.0133%
State or Government	99,612	0.0927%
Individual Insiders	710,766	0.661%
General Public	1,239,160	1.15%
Institutions	105,387,979	98.1%

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

Top Shareholders

Top 25 shareholders own 66.13% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
16.4%	The Vanguard Group, Inc.	17,666,669	€3.8b	1.54%	0.06%
9.34%	BlackRock, Inc.	10,039,329	€2.1b	-0.79%	0.04%
6.84%	Dodge & Cox	7,346,255	€1.6b	352%	0.58%
4.31%	State Street Global Advisors, Inc.	4,632,154	€988.8m	-0.24%	0.04%
3.62%	JP Morgan Asset Management	3,884,455	€829.2m	9.81%	0.1%
2.69%	Geode Capital Management, LLC	2,886,158	€616.1m	2.52%	0.05%
1.86%	Diamond Hill Capital Management, Inc.	1,996,773	€426.2m	7.29%	2.31%
1.85%	Victory Capital Management Inc.	1,986,133	€424.0m	11.5%	0.46%
1.75%	Cohen & Steers Capital Management, Inc.	1,883,065	€402.0m	29.8%	0.78%
1.55%	UBS Asset Management AG	1,661,236	€354.6m	38.4%	0.03%
1.51%	Massachusetts Financial Services Company	1,620,856	€346.0m	-1.22%	0.09%
1.43%	Principal Global Investors, LLC	1,535,004	€327.7m	-22%	0.18%
1.39%	Dimensional Fund Advisors LP	1,493,020	€318.7m	0.48%	0.05%
1.26%	Charles Schwab Investment Management, Inc.	1,350,663	€288.3m	3.22%	0.05%
1.23%	Norges Bank Investment Management	1,316,423	€281.0m	-1.43%	0.02%
1.2%	Legal & General Investment Management Limited	1,289,490	€275.3m	-1.76%	0.07%
1.12%	Northern Trust Global Investments	1,208,790	€258.0m	13.7%	0.04%
1.02%	Barrow, Hanley, Mewhinney & Strauss, LLC	1,100,724	€235.0m	39.6%	0.78%
0.92%	Brookfield Corporation	991,245	€211.6m	27,400%	0.25%
0.89%	Columbia Management Investment Advisers, LLC	953,359	€203.5m	-8.98%	0.05%
0.87%	T. Rowe Price Group, Inc.	936,576	€199.9m	-12.2%	0.02%
0.78%	Thrivent Investment Management Inc.	836,443	€178.6m	-4.4%	0.4%
0.77%	Amundi Asset Management SAS	831,543	€177.5m	-17.4%	0.04%
0.75%	DigitalBridge Investment Management, LLC	804,042	€171.6m	4.5%	15.77%
0.75%	EARNEST Partners, LLC	803,081	€171.4m	12.1%	0.88%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/12 11:40
End of Day Share Price	2025/05/09 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

SBA Communications Corporation is covered by 46 analysts. 16 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
Christopher Watts	Atlantic Equities LLP
Amir Rozwadowski	Barclays
Brendan Lynch	Barclays