Digital Turbine Ownership

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

Recent Insider Transactions

DB:4MD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
27 Nov 24	Buy€9,479	Michelle Sterling	Individual	7,000	€1.35
26 Nov 24	Buy€9,493	Roy Chestnutt	Individual	7,000	€1.36
20 Nov 24	Buy€6,609	Jeffrey Karish	Individual	5,000	€1.32
19 Nov 24	Buy€115,217	William Stone	Individual	100,000	€1.15
19 Nov 24	Buy€23,232	Robert Deutschman	Individual	20,000	€1.16
11 Nov 24	Buy€132,385	Robert Deutschman	Individual	100,000	€1.32

Insider Trading Volume

Insider Buying: 4MD insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 4MD?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	4,982,376	4.8%
VC/PE Firms	6,052,927	5.84%
General Public	37,662,453	36.3%
Institutions	55,027,808	53.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.

Top Shareholders

Top 25 shareholders own 50.84% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.93%	The Vanguard Group, Inc.	8,227,051	€13.8m	-1.41%	no data
7.02%	BlackRock, Inc.	7,280,939	€12.2m	8.11%	no data
5.84%	Tennor Holding B.V.	6,052,927	€10.2m	0.75%	100.0%
4.33%	Aigh Capital Management, LLC	4,490,140	€7.5m	0%	3.06%
3.98%	D. E. Shaw & Co., L.P.	4,125,282	€6.9m	-12.1%	0.01%
2.25%	Greenhaven Road Investment Management, LP	2,338,053	€3.9m	3.83%	1.17%
2.25%	Geode Capital Management, LLC	2,334,648	€3.9m	8.41%	no data
2.03%	State Street Global Advisors, Inc.	2,108,862	€3.5m	-2.36%	no data
1.9%	Rice Hall James & Associates, LLC	1,970,928	€3.3m	4.08%	0.15%
1.7%	Two Sigma Investments, LP	1,767,994	€3.0m	23.1%	0.01%
1.61%	William Stone	1,667,917	€2.8m	6.07%	no data
1.58%	Two Sigma Advisers, LP	1,634,874	€2.7m	10.5%	0.01%
1.07%	Walleye Capital LLC	1,109,634	€1.9m	5.73%	0.01%
0.88%	Robert Deutschman	909,484	€1.5m	15.2%	no data
0.81%	Northern Trust Global Investments	840,056	€1.4m	-0.85%	no data
0.75%	Charles Schwab Investment Management, Inc.	776,081	€1.3m	-3.63%	no data
0.71%	Merrill Lynch & Co. Inc., Banking Investments	736,578	€1.2m	5,660%	no data
0.65%	Morgan Stanley, Investment Banking and Brokerage Investments	678,160	€1.1m	-16.2%	no data
0.63%	Acadian Asset Management LLC	651,258	€1.1m	81.4%	no data
0.58%	Herald Investment Management Ltd.	600,000	€1.0m	0%	0.06%
0.55%	Bank of America Corporation, Asset Management Arm	567,147	€951.2k	-0.68%	no data
0.48%	Jane Street Group, LLC, Asset Management Arm	496,750	€833.2k	-63.3%	no data
0.47%	Mohanbir Gyani	492,429	€825.9k	16.2%	no data
0.43%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	442,148	€741.6k	0%	no data
0.42%	Barrett Garrison	436,569	€732.2k	-0.59%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 10:27
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

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 here.

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 .

Analyst Sources

Digital Turbine, Inc. is covered by 9 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
Ishan Majumdar	Baptista Research
Omar Dessouky	BofA Global Research
Zachary Silver	B. Riley Securities, Inc.