Model N Ownership

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

Recent Insider Transactions

DB:2MD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
16 Feb 24	Sell€138,664	Mark Anderson	Individual	5,663	€24.49
16 Feb 24	Sell€672,040	Jason Blessing	Individual	27,446	€24.49
16 Feb 24	Sell€201,788	John Ederer	Individual	8,241	€24.49
16 Feb 24	Sell€182,567	Suresh Kannan	Individual	7,456	€24.49
16 Feb 24	Sell€192,508	Chris Lyon	Individual	7,862	€24.49
16 Feb 24	Sell€136,240	Rehmann Rayani	Individual	5,564	€24.49
16 Feb 24	Sell€116,798	Laura Selig	Individual	4,770	€24.49
14 Feb 24	Sell€125,301	David Yarnold	Individual	5,000	€25.06
05 Dec 23	Sell€108,447	Rehmann Rayani	Individual	5,000	€21.69
29 Nov 23	Sell€224,332	Chris Lyon	Individual	10,614	€21.14
16 Nov 23	Sell€199,002	Jason Blessing	Individual	9,419	€21.13
16 Nov 23	Sell€94,695	John Ederer	Individual	4,482	€21.13
16 Nov 23	Sell€121,590	Suresh Kannan	Individual	5,755	€21.13
16 Nov 23	Sell€91,378	Rehmann Rayani	Individual	4,325	€21.13
16 Nov 23	Sell€74,982	Laura Selig	Individual	3,549	€21.13
16 Nov 23	Sell€108,069	Mark Anderson	Individual	5,115	€21.13
16 Nov 23	Sell€136,443	Chris Lyon	Individual	6,458	€21.13
16 Aug 23	Sell€66,075	Mark Anderson	Individual	2,577	€25.64
16 Aug 23	Sell€246,376	Jason Blessing	Individual	9,609	€25.64
16 Aug 23	Sell€82,997	John Ederer	Individual	3,237	€25.64
16 Aug 23	Sell€121,252	Suresh Kannan	Individual	4,729	€25.64
16 Aug 23	Sell€94,689	Chris Lyon	Individual	3,693	€25.64
16 Aug 23	Sell€69,690	Rehmann Rayani	Individual	2,718	€25.64
16 Aug 23	Sell€52,588	Laura Selig	Individual	2,051	€25.64
16 May 23	Sell€93,867	Mark Anderson	Individual	3,561	€26.36
16 May 23	Sell€330,155	Jason Blessing	Individual	12,525	€26.36
16 May 23	Sell€74,598	Laura Selig	Individual	2,830	€26.36
16 May 23	Sell€117,037	John Ederer	Individual	4,440	€26.36
16 May 23	Sell€154,046	Suresh Kannan	Individual	5,844	€26.36
16 May 23	Sell€95,369	Rehmann Rayani	Individual	3,618	€26.36
16 May 23	Sell€168,702	Chris Lyon	Individual	6,400	€26.36

Insider Trading Volume

Insider Buying: 2MD insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of 2MD?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	8,725	0.0202%
Individual Insiders	4,047,970	9.39%
Institutions	39,058,433	90.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.

Top Shareholders

Top 25 shareholders own 84.51% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.4%	BlackRock, Inc.	4,104,328	€113.7m	11.2%	no data
9.78%	Conestoga Capital Advisors, LLC	3,855,355	€106.8m	0.8%	1.77%
8.66%	Neuberger Berman Investment Advisers LLC	3,415,219	€94.6m	-0.87%	0.08%
8.04%	Artisan Partners Limited Partnership	3,168,453	€87.8m	-4.28%	0.08%
6.9%	ClearBridge Investments, LLC	2,718,760	€75.3m	8.21%	0.06%
6.88%	The Vanguard Group, Inc.	2,710,820	€75.1m	2.49%	no data
3.91%	First Light Asset Management, LLC	1,540,708	€42.7m	-18.3%	4.34%
3.21%	Riverbridge Partners, LLC	1,265,298	€35.1m	-0.22%	0.49%
2.83%	T. Rowe Price Group, Inc.	1,117,567	€31.0m	7,140%	no data
2.38%	State Street Global Advisors, Inc.	939,581	€26.0m	10%	no data
2.38%	Ranger Investment Management, L.P.	937,846	€26.0m	8.17%	1.73%
2.29%	Jason Blessing	904,351	€25.1m	148%	no data
2.03%	Nic Liberman	800,000	€22.2m	0%	no data
1.98%	Renaissance Technologies LLC	778,926	€21.6m	-12.1%	0.03%
1.95%	Geode Capital Management, LLC	767,755	€21.3m	6.57%	no data
1.46%	Morgan Stanley, Investment Banking and Brokerage Investments	574,322	€15.9m	299%	no data
1.43%	Bares Capital Management, Inc.	565,000	€15.7m	63.8%	0.68%
1.28%	Stephens Investment Management Group, LLC	506,371	€14.0m	38%	0.21%
1.18%	Northern Trust Global Investments	466,586	€12.9m	-2.75%	no data
1.05%	Dimensional Fund Advisors LP	414,532	€11.5m	0.5%	no data
1.03%	Millennium Management LLC	405,601	€11.2m	-41.7%	0.01%
1.01%	Laini Liberman	400,000	€11.1m	0%	no data
0.83%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	328,730	€9.1m	-8.89%	no data
0.82%	Bessemer Investment Management LLC	324,421	€9.0m	-15.8%	0.02%
0.78%	John Ederer	307,127	€8.5m	674%	no data