Nokia Oyj Ownership

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

Recent Insider Transactions

HLSE:NOKIA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
15 Aug 24	Sell€655,682	Nishant Batra	Individual	180,554	€3.63
08 Aug 24	Buy€11,250	Raghav Sahgal	Individual	3,228	€3.49
08 Aug 24	Buy€7,173	Federico Guillen	Individual	2,058	€3.49
08 Aug 24	Buy€38	Tommi Uitto	Individual	11	€3.46
08 Aug 24	Buy€1,854	Melissa Schoeb	Individual	532	€3.49
08 Aug 24	Buy€9,532	Nishant Batra	Individual	2,735	€3.49
23 Jul 24	Buy€605	Tommi Uitto	Individual	177	€3.42
10 May 24	Buy€10,036	Ricky Corker	Individual	2,857	€3.51
10 May 24	Buy€42	Tommi Uitto	Individual	12	€3.50
10 May 24	Buy€14,820	Raghav Sahgal	Individual	4,219	€3.51
10 May 24	Buy€12,519	Nishant Batra	Individual	3,564	€3.51
10 May 24	Buy€1,953	Melissa Schoeb	Individual	556	€3.51
10 May 24	Buy€9,400	Federico Guillen	Individual	2,676	€3.51

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 NOKIA?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	344,983	0.0064%
State or Government	2,771,894	0.0514%
Individual Insiders	4,889,005	0.0907%
Institutions	2,087,381,121	38.7%
General Public	3,294,278,684	61.1%

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

Top Shareholders

Top 25 shareholders own 29.49% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.05%	BlackRock, Inc.	380,026,801	€1.8b	-0.03%	0.03%
3.93%	The Vanguard Group, Inc.	211,589,263	€974.8m	1.13%	0.02%
2.83%	Artisan Partners Limited Partnership	152,778,025	€703.8m	-0.09%	0.64%
2.5%	Pzena Investment Management, Inc.	134,525,283	€619.8m	-4.98%	1.34%
1.1%	Norges Bank Investment Management	59,483,380	€274.0m	0%	0.02%
1.03%	Amundi Asset Management SAS	55,452,268	€255.5m	-0.02%	0.06%
1%	FMR LLC	53,758,522	€247.7m	6.95%	0.02%
0.96%	Deutsche Asset & Wealth Management	51,938,625	€239.3m	0.74%	0.08%
0.95%	UBS Asset Management AG	51,146,731	€235.6m	0.35%	0.03%
0.9%	Geode Capital Management, LLC	48,580,056	€223.8m	0.56%	0.02%
0.79%	Dimensional Fund Advisors LP	42,834,447	€197.3m	6.37%	0.04%
0.72%	DNB Asset Management AS	38,574,242	€177.7m	0%	0.71%
0.66%	E. Öhman J:or Wealth Management	35,682,405	€164.4m	0%	1.05%
0.6%	Skandia Fonder AB	32,087,422	€147.8m	0%	1.49%
0.56%	Slate Path Capital LP	30,438,987	€140.2m	15.6%	3.27%
0.54%	Arrowstreet Capital, Limited Partnership	29,083,917	€134.0m	0%	0.12%
0.53%	State Street Global Advisors, Inc.	28,681,510	€132.1m	7.91%	0.01%
0.46%	Jupiter Fund Management Plc	24,972,126	€115.0m	0%	0.37%
0.46%	SEI Investments Management Corporation	24,858,641	€114.5m	-7.87%	0.24%
0.4%	Lazard Asset Management LLC	21,667,950	€99.8m	0%	0.11%
0.37%	JP Morgan Asset Management	19,794,686	€91.2m	0.37%	0.01%
0.33%	ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg	17,768,256	€81.9m	0.58%	0.71%
0.28%	OP Varainhoito Oy	14,833,000	€68.3m	0%	0.7%
0.27%	KBC Asset Management NV	14,507,028	€66.8m	0%	0.14%
0.26%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	14,104,871	€65.0m	174%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/23 17:22
End of Day Share Price	2025/04/23 00:00
Earnings	2024/12/31
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

Nokia Oyj is covered by 89 analysts. 17 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
null null	ABG Sundal Collier
Jean-Michel Salvador	AlphaValue
Richard Kramer	Arete Research Services LLP