Northern Data Ownership

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

Recent Insider Transactions

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 NB2?
Owner Type	Number of Shares	Ownership Percentage
State or Government	-270,908	-0.422%
Institutions	1,401,438	2.18%
Individual Insiders	3,015,672	4.7%
Private Companies	21,826,717	34%
General Public	38,227,081	59.5%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 169.6%.

Top Shareholders

Top 25 shareholders own 40.81% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
34%	Tether Holdings	21,826,717	€917.8m	0%	no data
4.7%	Aroosh Thillainathan	3,015,672	€126.8m	0%	no data
0.66%	Van Eck Associates Corporation	424,669	€17.9m	5.56%	0.02%
0.26%	Exchange Traded Concepts, LLC	164,432	€6.9m	9.41%	0.13%
0.21%	BIT Capital GmbH	136,969	€5.8m	0%	2.56%
0.2%	BlackRock, Inc.	127,241	€5.4m	6.88%	no data
0.19%	BetaShares Capital Limited	123,952	€5.2m	-1.89%	0.03%
0.11%	Mirae Asset Global Investments Co., Ltd.	69,239	€2.9m	-45.5%	no data
0.081%	Geode Capital Management, LLC	51,975	€2.2m	15%	no data
0.074%	Rothschild & Co Asset Management Europe	47,749	€2.0m	0%	0.13%
0.056%	Vident Asset Management	35,898	€1.5m	-12%	0.04%
0.038%	UBS Asset Management AG	24,164	€1.0m	180%	no data
0.036%	Compass Asset Management SA	23,000	€967.3k	0%	0.69%
0.029%	Deutsche Asset & Wealth Management	18,350	€771.5k	0%	no data
0.026%	HANSAINVEST Hanseatische Investment-GmbH	16,779	€705.7k	0%	0.06%
0.026%	State Street Global Advisors, Inc.	16,542	€695.7k	15.2%	no data
0.019%	Invesco Capital Management LLC	11,980	€503.7k	37.8%	no data
0.014%	The Vanguard Group, Inc.	9,297	€390.9k	0%	no data
0.014%	Themes Management Company LLC	9,240	€388.5k	-41.7%	1.23%
0.014%	Boerse.de Vermögensverwaltung GmbH	8,842	€371.7k	0%	0.12%
0.013%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	8,389	€352.8k	0%	no data
0.012%	Baader Bank AG, Asset Management Arm	7,900	€332.3k	0%	0.02%
0.011%	Superfund Asset Management GmbH	7,285	€306.4k	0%	4.93%
0.011%	AIF Alternativ Invest Finance AG	6,890	€289.7k	0%	1.43%
0.0098%	Amundi Asset Management SAS	6,286	€264.3k	21.3%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 23:59
End of Day Share Price	2024/12/20 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

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 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

Northern Data AG is covered by 5 analysts. 4 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 Roost	Baader Helvea Equity Research
Gerhard Orgonas	Berenberg
Lucas Pipes	B. Riley Securities, Inc.