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What percentage of Altium shares are owned by insiders?

Tech shares have strengthened on Wednesday.
The post What percentage of Altium shares are owned by insiders? appeared first on The Motley Fool Australia. –

The Altium Limited (ASX: ALU) share price spiked more than 4% into the green on Wednesday to close at $28.67.

Investors rallied Altium shares higher on no news. However, in broader market moves, the S&P/ASX All Technology Index (ASX: XTX) powered 3.2% higher today.

Who owns Altium shares?

The software company has 131.5 million outstanding shares on issue and these are distributed among 31,572 shareholders, according to Bloomberg data.

The majority of these investors own a range of one to 1,000 shares, whereas just 47 parties own 100,000 or more shares.

However, the top 20 shareholders of the company hold more than 76% of all the shares on issue.

Of the nine directors listed, six have equity positions in Altium via direct and/or indirect share ownership, according to Bloomberg.

Collectively, these directors hold a 9.67% indirect stake in the company (as some holdings may yet to be realised in the form of deferred equity).

An entity related to CEO Aram Mirkazemi owns a collective 9.63 million shares. Additionally, recent on-market transactions from non-executive director Simon Kelly have settled each month from February to April 2022.

Kelly has bought 8,081 shares in 2022 and spent $257,537 in doing so. Certainly, the Altium non-executive director believes in the ASX tech company’s future prospects.

Altium share price snapshot

In the last 12 months, the Altium share price has slipped more than 20% into the red. It has fallen 36% this year to date.

At the current share price, Altium has a market capitalisation of $3.76 billion.

The post What percentage of Altium shares are owned by insiders? appeared first on The Motley Fool Australia.

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More reading

Here are the top 10 ASX shares today
Why are ASX 200 tech shares sprinting higher today?
Analysts name 2 ASX growth shares to buy this week
Experts say these ASX 200 growth shares are buys with 20%+ upside
Why is the Altium share price down 5% today?

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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