Zealand Pharma Ownership

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

Recent Insider Transactions

BATS-CHIXE:ZEALC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
21 Dec 24	BuyDKK 236,460	Leonard Kruimer	Individual	331	DKK 720.00
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

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 ZEALC?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	195,382	0.276%
VC/PE Firms	6,874,960	9.72%
General Public	25,918,996	36.7%
Institutions	37,704,645	53.3%

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

Top Shareholders

Top 25 shareholders own 58.21% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.72%	Van Herk Investments B.V.	6,874,960	DKK 2.8b	0%	56.73%
6.23%	Capital Research and Management Company	4,400,863	DKK 1.8b	102%	0.01%
4.86%	Avoro Capital Advisors LLC	3,438,184	DKK 1.4b	0%	3.57%
4.44%	Polar Capital Holdings Plc	3,138,798	DKK 1.3b	0%	0.7%
4.38%	Perpetual Limited	3,095,511	DKK 1.2b	0%	3.05%
3.76%	The Vanguard Group, Inc.	2,659,939	DKK 1.1b	1.36%	no data
3.22%	FMR LLC	2,275,861	DKK 915.8m	0.01%	0.01%
2.98%	BlackRock, Inc.	2,105,067	DKK 847.1m	0.75%	no data
2.6%	Norges Bank Investment Management	1,835,158	DKK 738.5m	0%	0.01%
2.17%	Baillie Gifford & Co.	1,537,304	DKK 618.6m	-0.35%	0.04%
1.91%	Handelsbanken Asset Management	1,351,448	DKK 543.8m	0%	0.12%
1.89%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	1,335,128	DKK 537.3m	0.58%	0.02%
1.35%	JOHCM (USA) Inc	951,127	DKK 382.7m	2.35%	0.98%
1.27%	Bank of America Corporation, Asset Management Arm	894,738	DKK 360.0m	0%	0.02%
1%	Pictet Asset Management Limited	706,437	DKK 284.3m	0%	0.03%
0.84%	Schroder Investment Management Limited	594,894	DKK 239.4m	0%	0.02%
0.77%	Dimensional Fund Advisors LP	543,908	DKK 218.9m	-17.8%	0.01%
0.73%	UBS Asset Management AG	517,754	DKK 208.3m	0.18%	no data
0.7%	ClearBridge Investments, LLC	492,739	DKK 198.3m	-2.24%	0.02%
0.68%	Federated Hermes, Inc.	483,867	DKK 194.7m	-26.2%	0.07%
0.61%	Geode Capital Management, LLC	432,220	DKK 173.9m	0.46%	no data
0.59%	Invesco Ltd.	414,776	DKK 166.9m	4,740%	0.01%
0.57%	T. Rowe Price Group, Inc.	406,192	DKK 163.5m	41%	no data
0.49%	Bi Asset Management FondsmÆGlerselskab A/S	344,893	DKK 138.8m	-1.01%	0.16%
0.45%	J O Hambro Capital Management Limited	319,000	DKK 128.4m	-20.7%	0.16%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/16 01:23
End of Day Share Price	2025/05/14 00:00
Earnings	2025/03/31
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

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
Laura Hindley	Berenberg
Kerry Holford	Berenberg
Charlie Haywood	BofA Global Research