Digimarc Ownership

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

Recent Insider Transactions

DB:3J0 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
03 Apr 25	Buy€169,388	Ocho Investments LLC	Company	15,000	€11.29
19 Mar 25	Buy€6,164,063	Ocho Investments LLC	Company	412,306	€14.95
29 Jan 25	Sell€1,157,113	Ocho Investments LLC	Company	29,065	€39.81
20 Jun 24	Sell€25,394	Thomas Benton	Individual	1,057	€24.02
21 May 24	Sell€56,720	Alicia Syrett	Individual	2,346	€24.40
15 May 24	Sell€35,171	Alicia Syrett	Individual	1,500	€23.45
14 May 24	Sell€70,082	Alicia Syrett	Individual	3,000	€23.36
13 May 24	Sell€66,764	Kathleen Kool	Individual	3,000	€22.25
13 May 24	Sell€97,969	Alicia Syrett	Individual	4,500	€22.42
07 May 24	Sell€31,826	Alicia Syrett	Individual	1,500	€21.22

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 3J0?
Owner Type	Number of Shares	Ownership Percentage
General Public	2,453,969	11.4%
Hedge Funds	2,769,346	12.9%
Individual Insiders	4,875,037	22.7%
Institutions	11,390,758	53%

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

Top Shareholders

Top 25 shareholders own 80.25% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.9%	Altai Capital Management, L.P.	2,769,346	€27.9m	0%	61.71%
11.3%	Riley McCormack	2,419,752	€24.3m	-36.1%	no data
10.4%	Vincent Smith	2,225,672	€22.4m	0%	no data
6.09%	The Vanguard Group, Inc.	1,308,979	€13.2m	0.44%	no data
5.86%	BlackRock, Inc.	1,259,458	€12.7m	5.36%	no data
5.19%	Ocho Investments LLC	1,115,000	€11.2m	0%	no data
3.61%	BeaconLight Capital, LLC	776,414	€7.8m	-3.08%	4.96%
2.92%	Lagoda Investment Management, L.P.	628,275	€6.3m	6.75%	4.59%
2.71%	Kimelman & Baird, LLC	582,777	€5.9m	0.18%	0.58%
2.43%	Woodson Capital Management, LP	521,211	€5.2m	14.4%	1.44%
2.34%	Silverberg Bernstein Capital Management LLC	502,012	€5.0m	9.69%	5.86%
2.29%	Baillie Gifford & Co.	492,530	€5.0m	-15.1%	no data
1.79%	State Street Global Advisors, Inc.	384,799	€3.9m	1.7%	no data
1.72%	Private Advisor Group, LLC	370,394	€3.7m	2.97%	0.03%
1.66%	Geode Capital Management, LLC	355,673	€3.6m	0.26%	no data
1.16%	Granahan Investment Management, LLC	249,435	€2.5m	0%	0.14%
1.06%	BNY Asset Management	228,780	€2.3m	0.31%	no data
0.77%	UBS Asset Management AG	165,958	€1.7m	354%	no data
0.73%	Northern Trust Global Investments	157,275	€1.6m	0.18%	no data
0.71%	Prelude Capital Management, LLC	151,640	€1.5m	-2.19%	0.18%
0.63%	Samjo Management, LLC	135,296	€1.4m	79.4%	0.72%
0.57%	Charles Schwab Investment Management, Inc.	122,654	€1.2m	0%	no data
0.56%	Post Resch Tallon Group, Inc.	119,457	€1.2m	0%	1.49%
0.49%	D. E. Shaw & Co., L.P.	105,028	€1.1m	93.3%	no data
0.45%	Morgan Stanley, Investment Banking and Brokerage Investments	97,310	€978.6k	-9.93%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/21 00:49
End of Day Share Price	2025/04/17 00:00
Earnings	2024/12/31
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

Digimarc Corporation is covered by 11 analysts. 2 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
Michael Crawford	B. Riley Securities, Inc.
Jeffrey Van Rhee	Craig-Hallum Capital Group LLC
Robert Furlong	GARP Research & Securities Co.