Sangoma Technologies Ownership

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

Recent Insider Transactions

DB:54GA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
30 Jun 25	Buy€17,500	Charles Salameh	Individual	3,290	€5.32
30 Jun 25	Sell€5,284	Nenad Corbic	Individual	1,000	€5.28
14 May 25	Buy€5,432	Nenad Corbic	Individual	1,000	€5.43
14 May 25	Sell€10,801	Nenad Corbic	Individual	2,000	€5.40
14 Nov 24	Sell€7,123	Nenad Corbic	Individual	1,200	€5.94

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 54GA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	7,756,020	23.3%
Institutions	12,196,633	36.6%
General Public	13,377,102	40.1%

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

Top Shareholders

Top 25 shareholders own 59.19% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
19.3%	Norman Worthington	6,431,733	€26.9m	0%	no data
10.5%	Mawer Investment Management Ltd.	3,490,247	€14.6m	11.7%	0.04%
9.71%	PenderFund Capital Management Ltd.	3,237,333	€13.5m	-7.02%	3.23%
3.87%	NewSpring Capital, LLC	1,290,488	€5.4m	0%	100.0%
2.2%	Marc Lederman	732,210	€3.1m	0%	no data
2.07%	PPM America, Inc.	688,523	€2.9m	0%	0.96%
1.56%	Intact Investment Management Inc.	519,025	€2.2m	-5.89%	0.07%
1.42%	Ewing Morris & Co. Investment Partners	472,554	€2.0m	-1.35%	1.34%
1.36%	The Toronto-Dominion Bank	454,082	€1.9m	0%	no data
1.01%	Rbc Indigo Asset Management Inc	337,348	€1.4m	0%	0.08%
0.97%	Charles Salameh	324,446	€1.4m	7.46%	no data
0.87%	Connor, Clark & Lunn Investment Management Ltd.	291,533	€1.2m	1.64%	no data
0.53%	ATB Investment Management Inc.	175,907	€734.9k	21.5%	0.01%
0.53%	Dimensional Fund Advisors LP	175,310	€732.4k	2.21%	no data
0.52%	Arrowstreet Capital, Limited Partnership	173,012	€722.8k	-2.01%	no data
0.46%	Claret Asset Management Corp	153,935	€643.1k	0.58%	0.09%
0.45%	Maxam Capital Management Ltd.	150,000	€626.7k	0%	1.19%
0.39%	Acadian Asset Management LLC	131,192	€548.1k	-27.8%	no data
0.3%	BlackRock, Inc.	100,065	€418.1k	4.93%	no data
0.29%	National Bank Investments Inc.	96,188	€401.8k	9.33%	no data
0.22%	Bard Associates Inc.	74,380	€310.7k	-13%	0.1%
0.2%	Unique Wealth, LLC	65,258	€272.6k	0%	0.05%
0.18%	Lawrence Stock	61,091	€255.2k	0%	no data
0.16%	Allan Brett	51,857	€216.7k	0%	no data
0.15%	Jeremy Wubs	50,108	€209.3k	21.1%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/14 01:40
End of Day Share Price	2025/10/14 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

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

Sangoma Technologies Corporation is covered by 11 analysts. 6 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
Jim Byrne	Acumen Capital Finance Partners Limited
Deepak Kaushal	BMO Capital Markets Equity Research
Michael Nichols	B. Riley Securities, Inc.