Key Insights

• Insiders appear to have a vested interest in Coda Octopus Group's growth, as seen by their sizeable ownership

• The top 6 shareholders own 51% of the company

• Institutional ownership in Coda Octopus Group is 26%

To get a sense of who is truly in control of Coda Octopus Group, Inc. (NASDAQ:CODA), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 45% to be precise, is individual insiders. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

So it follows, every decision made by insiders of Coda Octopus Group regarding the company's future would be crucial to them.

In the chart below, we zoom in on the different ownership groups of Coda Octopus Group.

View our latest analysis for Coda Octopus Group

What Does The Institutional Ownership Tell Us About Coda Octopus Group?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

We can see that Coda Octopus Group does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Coda Octopus Group's earnings history below. Of course, the future is what really matters.

Hedge funds don't have many shares in Coda Octopus Group. The company's largest shareholder is Niels Sondergaard, with ownership of 20%. With 9.6% and 7.7% of the shares outstanding respectively, Bryan Ezralow and J Emerson are the second and third largest shareholders. Furthermore, CEO Annmarie Gayle is the owner of 1.1% of the company's shares.

We also observed that the top 6 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.