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
12 Dec 25	Buy€3,085,162	Mark Miller	Individual	1,520	€2,029.71
26 Nov 25	Sell€62,597	Jamal Baksh	Individual	30	€2,086.58
17 Nov 25	Sell€5,077,174	Barry Symons	Individual	2,500	€2,030.87
13 Nov 25	Buy€199,536	Brian Beattie	Individual	100	€1,995.36
13 Nov 25	Buy€30,225	Jean Soucy	Individual	15	€2,014.98
20 Oct 25	Buy€11,489	Lawrence Cunningham	Individual	5	€2,297.83
30 Sep 25	Buy€302,193	Brian Beattie	Individual	130	€2,324.56
30 Sep 25	Buy€11,847	Lawrence Cunningham	Individual	5	€2,369.39
26 Sep 25	Buy€449,279	John Billowits	Individual	200	€2,246.39
26 Sep 25	Buy€623,264	Mark Miller	Individual	275	€2,266.41
25 Sep 25	Buy€35,235	Jean Soucy	Individual	15	€2,349.02
16 Sep 25	Buy€38,895	Jean Soucy	Individual	15	€2,593.02
27 Jun 25	Sell€216,407	Jamal Baksh	Individual	70	€3,091.53
06 Jun 25	Sell€319,152	Jamal Baksh	Individual	100	€3,191.52
30 May 25	Sell€3,160	Jean Soucy	Individual	1	€3,160.45
27 Mar 25	Sell€5,964,538	Mark Leonard	Individual	2,000	€2,982.27
26 Mar 25	Sell€42,655,058	Mark Leonard	Individual	14,000	€3,054.04

Insider Trading Volume

Insider Buying: W9C 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
Individual Insiders	1,399,016	6.6%
Institutions	8,543,125	40.3%
General Public	11,249,389	53.1%

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

Top Shareholders

Top 25 shareholders own 36.33% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.72%	FMR LLC	1,000,850	€1.5b	-0.14%	0.09%
4.16%	Capital Research and Management Company	881,318	€1.3b	-0.6%	0.06%
3.93%	The Vanguard Group, Inc.	833,330	€1.2b	0.09%	0.02%
2.8%	BlackRock, Inc.	592,411	€868.7m	1.63%	0.01%
1.97%	Akre Capital Management, LLC	416,720	€611.0m	-3.85%	7.96%
1.89%	Janus Henderson Group plc	401,002	€588.0m	-0.03%	0.25%
1.86%	Mark Leonard	393,532	€577.0m	-0.1%	no data
1.45%	Norges Bank Investment Management	307,543	€451.0m	0%	0.03%
1.25%	RBC Global Asset Management Inc.	265,504	€389.3m	0.15%	0.22%
1.19%	Dexter Salna	252,295	€369.9m	0%	no data
1.15%	Principal Global Investors, LLC	243,877	€357.6m	12.6%	0.19%
1.11%	CIBC Asset Management Inc.	234,627	€344.0m	0%	0.55%
1.07%	Mark Miller	227,732	€333.9m	0.67%	no data
1.05%	Massachusetts Financial Services Company	223,316	€327.5m	1.27%	0.08%
1.05%	Manulife Asset Management	223,167	€327.2m	0.02%	0.26%
0.75%	Geode Capital Management, LLC	159,159	€233.4m	0.02%	0.01%
0.74%	Flossbach von Storch SE	157,045	€230.3m	0%	0.65%
0.7%	Bernard Anzarouth	148,641	€218.0m	0%	no data
0.65%	Barry Symons	138,645	€203.3m	5.79%	no data
0.56%	TD Asset Management, Inc.	118,373	€173.6m	0%	0.13%
0.53%	Canada Pension Plan Investment Board	112,000	€164.2m	0%	0.09%
0.46%	CI Global Asset Management	97,259	€142.6m	0%	0.31%
0.45%	Mackenzie Financial Corporation	95,742	€140.4m	9.48%	0.15%
0.43%	Dimensional Fund Advisors LP	92,131	€135.1m	0%	0.02%
0.39%	Ruane, Cunniff & Goldfarb L.P.	83,113	€121.9m	0%	1.79%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/25 05:10
End of Day Share Price	2026/02/25 00:00
Earnings	2025/09/30
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

Constellation Software Inc. is covered by 22 analysts. 11 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
Richard Tse	ATB Cormark Historical (Cormark Securities)
Phillip Huang	Barclays