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Model N Ownership

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

Recent Insider Transactions

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	449	0.00103%
Individual Insiders	3,976,523	9.11%
Institutions	39,659,317	90.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.

Top Shareholders

Top 25 shareholders own 83.83% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.92%	BlackRock, Inc.	3,909,616	€109.7m	-4.74%	no data
9.78%	Conestoga Capital Advisors, LLC	3,855,355	€108.2m	0.8%	1.77%
8.61%	Neuberger Berman Investment Advisers LLC	3,393,656	€95.2m	-0.63%	0.08%
7.88%	Artisan Partners Limited Partnership	3,106,002	€87.2m	-1.97%	0.08%
7.36%	ClearBridge Investments, LLC	2,902,776	€81.5m	6.77%	0.07%
7.12%	The Vanguard Group, Inc.	2,807,589	€78.8m	3.57%	no data
3.21%	Riverbridge Partners, LLC	1,265,298	€35.5m	-0.22%	0.48%
2.83%	T. Rowe Price Group, Inc.	1,116,867	€31.3m	-0.06%	no data
2.46%	State Street Global Advisors, Inc.	970,239	€27.2m	3.26%	no data
2.27%	First Light Asset Management, LLC	894,241	€25.1m	-42%	2.41%
2.24%	Jason Blessing	884,172	€24.8m	-2.23%	no data
2.2%	Ranger Investment Management, L.P.	868,223	€24.4m	-7.42%	1.79%
2.03%	Nic Liberman	800,000	€22.4m	0%	no data
2.03%	Geode Capital Management, LLC	799,036	€22.4m	4.07%	no data
1.91%	Renaissance Technologies LLC	754,726	€21.2m	-3.11%	0.04%
1.86%	Sixth Street Partners, LLC	735,000	€20.6m	407%	2.56%
1.43%	Bares Capital Management, Inc.	565,000	€15.9m	0%	0.78%
1.37%	Stephens Investment Management Group, LLC	540,242	€15.2m	6.69%	0.22%
1.35%	Irenic Capital Management LP	534,035	€15.0m	0%	3.48%
1.19%	Dimensional Fund Advisors LP	468,898	€13.2m	13.1%	no data
1.18%	Northern Trust Global Investments	466,107	€13.1m	-0.1%	no data
1.01%	Laini Liberman	400,000	€11.2m	0%	no data
0.89%	Freshford Capital Management, LLC	352,319	€9.9m	0%	1.9%
0.85%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	333,894	€9.4m	1.57%	no data
0.83%	New York State Common Retirement Fund	326,792	€9.2m	25.5%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/06/26 23:54
End of Day Share Price	2024/06/26 00:00
Earnings	2024/03/31
Annual Earnings	2023/09/30

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.

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 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

Model N, Inc. is covered by 15 analysts. 8 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
Eugene Mannheimer	Colliers Securities
Chad Bennett	Craig-Hallum Capital Group LLC
Nandan Amladi	Deutsche Bank