Tucows Ownership

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

Recent Insider Transactions

NasdaqCM:TCX Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Feb 24	BuyUS$64,935	Investmentaktiengesellschaft für langfristige Investoren TGV	Company	2,979	US$21.90
08 Feb 24	BuyUS$738	Investmentaktiengesellschaft für langfristige Investoren TGV	Company	34	US$21.70
07 Feb 24	BuyUS$478,393	Investmentaktiengesellschaft für langfristige Investoren TGV	Company	21,987	US$21.76

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 TCX?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	885,458	8.05%
Hedge Funds	910,232	8.27%
General Public	1,484,016	13.5%
Institutions	7,724,977	70.2%

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

Top Shareholders

Top 25 shareholders own 83.55% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
19.1%	EdgePoint Investment Group Inc.	2,106,165	US$34.3m	0%	0.18%
18.3%	Investmentaktiengesellschaft für langfristige Investoren TGV	2,014,594	US$32.8m	0%	1.43%
8.27%	Blacksheep Fund Management Limited	910,232	US$14.8m	-0.54%	3.05%
6.44%	The Vanguard Group, Inc.	709,169	US$11.6m	1.14%	no data
5.9%	Elliot Noss	649,005	US$10.6m	-1.98%	no data
5.87%	BN & Partners Capital AG, Asset Management Arm	646,400	US$10.5m	0%	2.49%
5.33%	BlackRock, Inc.	586,999	US$9.6m	0.28%	no data
1.82%	Geode Capital Management, LLC	200,263	US$3.3m	2.83%	no data
1.72%	State Street Global Advisors, Inc.	189,233	US$3.1m	0.1%	no data
1.5%	Renaissance Technologies LLC	165,151	US$2.7m	-4.01%	no data
1.49%	Baader Bank AG, Asset Management Arm	163,447	US$2.7m	-0.01%	0.19%
1.31%	Fiducia Treuhand Ag, Asset Management Arm	144,438	US$2.4m	0%	13.92%
1.14%	David Woroch	125,348	US$2.0m	0%	no data
0.88%	Shareholder Value Management Aktiengesellschaft	96,792	US$1.6m	0%	0.19%
0.71%	Northern Trust Global Investments	77,610	US$1.3m	-9.91%	no data
0.69%	Charles Schwab Investment Management, Inc.	76,312	US$1.2m	-1.44%	no data
0.52%	Susquehanna International Group, LLP, Asset Management Arm	56,928	US$927.9k	89.6%	no data
0.46%	Rubicon Equities GmBH	51,050	US$832.1k	0%	3.09%
0.41%	K.J. Harrison & Partners Inc.	45,001	US$733.5k	0%	0.11%
0.32%	GSA Capital Partners LLP	35,215	US$574.0k	-32.9%	0.04%
0.29%	Bret Fausett	31,695	US$516.6k	1.9%	no data
0.28%	Citadel Advisors LLC	30,783	US$501.8k	27.6%	no data
0.27%	Robin Chase	29,172	US$475.5k	0%	no data
0.25%	Morgan Stanley, Investment Banking and Brokerage Investments	27,750	US$452.3k	112%	no data
0.23%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	25,344	US$413.1k	-9.44%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 05:52
End of Day Share Price	2024/12/30 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

Tucows Inc. is covered by 9 analysts. 0 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
Nicholas Cortellucci	Atrium Research
Thanos Moschopoulos	BMO Capital Markets Equity Research
Scott Curtis	Cantor Fitzgerald Canada Corporation