Fluent Ownership

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

Recent Insider Transactions

NasdaqCM:FLNT Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
09 Sep 25	SellUS$7,507	Ryan Perfit	Individual	3,662	US$2.05
10 Jun 25	SellUS$51,101	Donald Patrick	Individual	28,172	US$1.81
05 Dec 24	BuyUS$52,380	Global Value Investment Corp.	Company	19,382	US$2.74

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of FLNT?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	333,334	1.1%
General Public	7,361,359	24.3%
Institutions	8,743,885	28.9%
Individual Insiders	13,849,019	45.7%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 79.5%.

Top Shareholders

Top 25 shareholders own 75.32% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
20.9%	Phillip Frost	6,326,773	US$11.1m	9.93%	no data
13.7%	Ryan Schulke	4,141,604	US$7.3m	0%	no data
9.9%	Global Value Investment Corp.	2,998,995	US$5.3m	-1.21%	6.9%
9.42%	Matthew Conlin	2,851,850	US$5.0m	0%	no data
4.82%	Alan Weber	1,460,806	US$2.6m	0%	0.45%
4.72%	Bleichroeder LP	1,428,571	US$2.5m	0%	0.46%
3.58%	Tieton Capital Management, LLC	1,084,478	US$1.9m	4.02%	0.7%
1.71%	Triple Point Investment Management LLP	516,853	US$909.7k	0%	5.56%
1.1%	RSMC Partners, LLC	333,334	US$586.7k	0%	no data
0.97%	The Vanguard Group, Inc.	294,914	US$519.0k	-0.71%	no data
0.94%	Mink Brook Asset Management LLC	285,714	US$502.9k	0%	0.34%
0.93%	Donald Patrick	280,624	US$493.9k	0%	no data
0.46%	BlackRock, Inc.	137,846	US$242.6k	-3.21%	no data
0.35%	Bridgeway Capital Management, LLC	106,428	US$187.3k	0.56%	no data
0.33%	Geode Capital Management, LLC	100,029	US$176.0k	-5.03%	no data
0.25%	Acuitas Investments, LLC	74,910	US$131.8k	0%	0.05%
0.23%	State Street Global Advisors, Inc.	69,350	US$122.1k	180%	no data
0.22%	Donald Mathis	65,387	US$115.1k	0%	no data
0.17%	Ryan Perfit	50,267	US$88.5k	561%	no data
0.16%	Barbara Z. Kohn	49,289	US$86.8k	0%	no data
0.13%	Susquehanna International Group, LLP	39,947	US$70.3k	65.3%	no data
0.1%	Cachetech	30,210	US$53.2k	0%	0.01%
0.099%	Jeffrey Geygan	29,965	US$52.7k	61.1%	no data
0.088%	David Graff	26,630	US$46.9k	0%	no data
0.088%	Richard Pfenniger	26,630	US$46.9k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/02 05:20
End of Day Share Price	2025/12/01 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

Fluent, Inc. is covered by 3 analysts. 2 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
Patrick Sholl	Barrington Research Associates, Inc.
Maria Ripps	Canaccord Genuity
William Gibson	Roth Capital Partners