Zealand Pharma Ownership

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

Recent Insider Transactions

CPSE:ZEAL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
08 Nov 24	SellDKK 1,273,500	Anneline Nansen	Individual	1,500	DKK 850.00
29 Aug 24	SellDKK 30,730,000	Adam Steensberg	Individual	35,000	DKK 878.00
22 Mar 24	SellDKK 1,424,000	Nikolaj Barfoed Beck	Individual	2,000	DKK 712.00
15 Mar 24	SellDKK 349,500	Jens Stenvang	Individual	500	DKK 699.00
08 Mar 24	SellDKK 739,000	Anneline Nansen	Individual	1,000	DKK 739.00

Insider Trading Volume

Insider Buying: ZEAL insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of ZEAL?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	193,961	0.275%
VC/PE Firms	6,874,960	9.73%
General Public	27,946,838	39.6%
Institutions	35,631,179	50.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21%.

Top Shareholders

Top 25 shareholders own 53.78% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.73%	Van Herk Investments B.V.	6,874,960	DKK 5.5b	0%	66.13%
4.87%	Avoro Capital Advisors LLC	3,438,184	DKK 2.8b	0%	5.4%
4.44%	Polar Capital Holdings Plc	3,138,798	DKK 2.5b	0%	1.23%
4.38%	Perpetual Limited	3,095,511	DKK 2.5b	0%	0.96%
3.68%	The Vanguard Group, Inc.	2,598,972	DKK 2.1b	0.07%	no data
3.24%	FMR LLC	2,291,494	DKK 1.8b	0%	0.01%
3%	BlackRock, Inc.	2,116,494	DKK 1.7b	3.1%	no data
2.81%	Capital Research and Management Company	1,982,512	DKK 1.6b	0%	0.01%
2.6%	Norges Bank Investment Management	1,835,158	DKK 1.5b	0%	0.02%
2.16%	Baillie Gifford & Co.	1,528,412	DKK 1.2b	0.22%	0.07%
1.82%	Handelsbanken Asset Management	1,287,750	DKK 1.0b	-2.39%	0.21%
1.32%	JOHCM (USA) Inc	929,267	DKK 745.7m	-28.3%	1.55%
1.27%	Bank of America Corporation, Asset Management Arm	894,738	DKK 718.0m	0%	0.03%
1%	Federated Hermes, Inc.	707,425	DKK 567.7m	16.4%	0.19%
0.97%	Dimensional Fund Advisors LP	686,189	DKK 550.7m	-1.59%	0.01%
0.84%	Schroder Investment Management Limited	594,894	DKK 477.4m	-16.4%	0.04%
0.83%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	586,457	DKK 470.6m	-42.5%	0.02%
0.79%	UBS Asset Management AG	558,118	DKK 447.9m	1.39%	0.01%
0.73%	Nordea Investment Management, AB	518,022	DKK 415.7m	0.76%	0.04%
0.7%	ClearBridge Investments, LLC	495,706	DKK 397.8m	36.4%	0.04%
0.61%	Geode Capital Management, LLC	433,445	DKK 347.8m	767%	no data
0.57%	J O Hambro Capital Management Limited	402,000	DKK 322.6m	0%	0.38%
0.5%	Pictet Asset Management Limited	350,322	DKK 281.1m	0%	0.03%
0.49%	Bi Asset Management FondsmÆGlerselskab A/S	348,429	DKK 279.6m	2.53%	0.38%
0.42%	T. Rowe Price Group, Inc.	298,399	DKK 239.5m	-12.9%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 07:05
End of Day Share Price	2024/12/18 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

Zealand Pharma A/S is covered by 24 analysts. 13 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
Kerry Holford	Berenberg
Laura Hindley	Berenberg
Charlie Haywood	BofA Global Research