Constellation Software Ownership

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

Recent Insider Transactions

DB:W9C Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
20 Sep 24	Sell€751,336	Jamal Baksh	Individual	262	€2,867.70
12 Sep 24	Sell€14,157,286	Robert Alfred Scotchmer	Individual	5,000	€2,844.98
19 Aug 24	Sell€489,001	Michael Dufton	Individual	175	€2,794.29
19 Jul 24	Sell€233,921	Mark Dennison	Individual	83	€2,818.33
21 Jun 24	Sell€260,044	Bernard Anzarouth	Individual	100	€2,600.44
21 Jun 24	Sell€2,572,036	John Billowits	Individual	1,000	€2,572.04
18 Jun 24	Sell€3,352,112	Mark Miller	Individual	1,300	€2,578.55
17 Jun 24	Sell€66,258,032	Mark Miller	Individual	25,700	€2,578.14
12 Jun 24	Sell€9,095,776	Mark Leonard	Individual	3,500	€2,598.79
27 May 24	Sell€7,599,302	Robin Van Poelje	Individual	3,025	€2,518.67
17 May 24	Sell€857,832	Mark Dennison	Individual	340	€2,523.04
27 Mar 24	Sell€17,747,599	Mark Leonard	Individual	6,900	€2,581.59
26 Mar 24	Sell€2,561,133	John Billowits	Individual	1,000	€2,561.13
22 Mar 24	Sell€8,770,904	Mark Leonard	Individual	3,400	€2,579.68
21 Mar 24	Sell€654,739	Jamal Baksh	Individual	250	€2,618.96
15 Mar 24	Sell€5,112,338	Mark Leonard	Individual	2,000	€2,556.17
14 Mar 24	Sell€15,339,644	Mark Leonard	Individual	6,000	€2,558.66

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 W9C?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	3,100	0.0146%
Individual Insiders	1,420,556	6.7%
Institutions	8,628,296	40.7%
General Public	11,139,578	52.6%

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

Top Shareholders

Top 25 shareholders own 36.07% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.91%	FMR LLC	1,040,733	€3.3b	-4.04%	0.19%
3.64%	Capital Research and Management Company	771,388	€2.4b	7.24%	0.11%
3.61%	The Vanguard Group, Inc.	765,094	€2.4b	1.25%	0.04%
2.63%	BlackRock, Inc.	557,398	€1.8b	1.25%	0.03%
2.37%	Janus Henderson Group plc	503,193	€1.6b	-0.22%	0.64%
2.37%	Akre Capital Management, LLC	502,500	€1.6b	-0.63%	10.81%
1.94%	Mark Leonard	410,082	€1.3b	-0.03%	no data
1.45%	Flossbach & Von Storch Vermoegensmanagement AG	308,137	€974.2m	0%	2.46%
1.29%	RBC Global Asset Management Inc.	273,136	€863.5m	0.44%	0.54%
1.25%	Norges Bank Investment Management	265,073	€838.0m	0%	0.07%
1.2%	Dexter Salna	254,315	€804.0m	0%	no data
1.19%	Mark Miller	252,183	€797.3m	0%	no data
1.07%	Massachusetts Financial Services Company	226,618	€716.5m	-1.61%	0.15%
0.9%	Principal Global Investors, LLC	189,938	€600.5m	-1.36%	0.29%
0.75%	Manulife Asset Management	158,943	€502.5m	-0.54%	0.38%
0.72%	GQG Partners LLC	152,371	€481.7m	-1.59%	0.41%
0.7%	Bernard Anzarouth	148,527	€469.6m	0%	no data
0.68%	Barry Symons	145,005	€458.4m	0%	no data
0.66%	CIBC Asset Management Inc.	140,322	€443.6m	1.69%	0.89%
0.58%	T. Rowe Price Group, Inc.	121,889	€385.4m	-9.7%	0.03%
0.5%	Wellington Management Group LLP	106,086	€335.4m	0.11%	0.05%
0.42%	TD Asset Management, Inc.	89,120	€281.8m	0%	0.21%
0.42%	Jeff Bender	88,401	€279.5m	24.7%	no data
0.42%	Franklin Resources, Inc.	88,391	€279.5m	0.15%	0.1%
0.4%	Dimensional Fund Advisors LP	84,488	€267.1m	1.46%	0.04%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/03 15:33
End of Day Share Price	2025/02/03 00:00
Earnings	2024/09/30
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

Constellation Software Inc. is covered by 22 analysts. 10 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
Harriet Li	Accountability Research Corporation
Phillip Huang	Barclays
Thanos Moschopoulos	BMO Capital Markets Equity Research