DH Definitive Healthcare (DH) Insider Trading, Ownership & Congress Trades
Software & IT · Services-prepackaged software · CIK 0001861795
Activist 13D
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
55
13F, latest reported quarter
What the filings say about DH
Activist stakes (13D), 180 days
2 filings
Largest: 58.5% of the class
Definitive Healthcare insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
No insider purchases or sales are on record for Definitive Healthcare Corp. in the period covered. Source: SEC Form 4 filings, as of 2026-10-27.
Insider
Filed
Shares
Value
Since filing
Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 10.4% of the 433,830 shares held after it.
- No other insider sold within 30 days.
- 55 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Product & Tech Officer Moschella William sold about $211.5K of DH on Dec 3, 2024, the largest insider sale at the company since 2023; 55 funds added in the latest 13F quarter.Context
- 6 earlier Form 4 trades (code P or S) here by this insider (6 sales), the last on May 12, 2023.
- The trade is 0.3% of the 1,441,657 shares held after it.
- No other insider sold within 30 days.
- 55 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Spectrum VII Co-Investment Fund, L.P. sold about $39.5K of DH on Aug 24, 2023; 55 funds added in the latest 13F quarter.Context
- 6 earlier Form 4 trades (code P or S) here by this insider (6 sales), the last on May 12, 2023.
- The trade is 0.2% of the 1,445,859 shares held after it.
- No other insider sold within 30 days.
- 55 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Spectrum VII Co-Investment Fund, L.P. sold about $23.0K of DH on Aug 24, 2023; 55 funds added in the latest 13F quarter.Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 sales), the last on May 11, 2022.
- The trade is 0.2% of the 1,743,478 shares held after it.
- No other insider sold within 30 days.
- 55 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Spectrum VII Co-Investment Fund, L.P. sold about $35.9K of DH on May 12, 2023; 55 funds added in the latest 13F quarter.Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 sales), the last on May 11, 2022.
- The trade is 0.1% of the 1,747,417 shares held after it.
- No other insider sold within 30 days.
- 55 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Spectrum VII Co-Investment Fund, L.P. sold about $21.0K of DH on May 12, 2023; 55 funds added in the latest 13F quarter.19 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
no insider buys or sells on file
Congress
no House purchase disclosed in the last 12 months
Funds
55 funds bought in last quarter
below 62% of Software & IT
Revenue
-4.2% year over year
below 77% of Software & IT
Margin
-57.5% net margin
below 79% of Software & IT
Buybacks
$49.5M repurchased, FY to 2025-12-31
below 61% of Software & IT
Short interest
4.3% of the float short (float per yahoo 2026-10-26) · 1.4 days to cover · settled 2026-09-30
below 60% of Software & IT
The situation: each line is one rule over one dataset
Advent International, L.P. disclosed a 5%+ stake (58.54%) in the last six months.
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch DH
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-63.3%12M
13D/G stake
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns DH: institutional holders (13F)
13F holdings, latest reported quarter
62,493,676 sh
$51.9M
5,959,143 sh
$5.0M
1,973,193 sh
$1.6M
1,829,463 sh
$1.5M
1,737,044 sh
$1.4M
Congress trades in DH
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
13D: intends to influence · 13G: passive
Advent International, L.P.
Activist 13D · 2026-09-02
58.54%
Advent International GP, LLC
Activist 13D · 2026-09-02
58.54%
Advent International GPE IX Limited Partnership
Activist 13D · 2026-09-02
15.88%
Advent International GPE IX-H Limited Partnership
Activist 13D · 2026-09-02
5.09%
Jason Ronald Krantz
Activist 13D · 2026-09-02
17.6%
DH planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
DH mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Inspire Small/Mid Cap ETF
$454.0K position · as of 2026-05-31
0.1%
Ultra-Small Company Market Fund
$78.3K position · as of 2026-06-30
0.1%
NVIT Small Cap Value Fund
$45.1K position · as of 2026-06-30
0.0%
iShares U.S. Small-Cap Equity Factor ETF
$375.5K position · as of 2026-07-31
0.0%
WisdomTree U.S. SmallCap Fund
$61.7K position · as of 2026-06-30
0.0%
iShares Micro-Cap ETF
$113.9K position · as of 2026-06-30
0.0%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Musslewhite
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2023
$8.4M
$3.1M
$2.8M
-10%
n/a
2021
$6.0M
$13.8M
$16.1M
-37%
-17%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
An activist crossed the 5% line with declared intent.
The record shows 55 funds added last quarter. Each figure is a federal filing, dated the day it went public.
DH financials
Revenue growth
-4.2%
XBRL, annual
Net margin
-57.5%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$232.7M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM DH
| FY Dec 2025 | $241.5M |
| FY Dec 2024 | $252.2M |
| FY Dec 2023 | $251.4M |
| FY Dec 2022 | $222.7M |
| FY Dec 2021 | $166.2M |
| Jun 2026 | $55.2M |
| Mar 2026 | $55.9M |
| Dec 2025 | $61.5M |
| Sep 2025 | $60.0M |
| Jun 2025 | $60.8M |
| Mar 2025 | $59.2M |
| Dec 2024 | $62.3M |
| Sep 2024 | $62.7M |
At each fiscal year end
Single quarter
Net margin, TTM
-72.3%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM DH
| FY Dec 2025 | -57.5% |
| FY Dec 2024 | -163.8% |
| FY Dec 2023 | -80.5% |
| FY Dec 2022 | -3.2% |
| FY Dec 2021 | -10.7% |
| Jun 2026 | -9.8% |
| Mar 2026 | -247.9% |
| Dec 2025 | -15.1% |
| Sep 2025 | -24.7% |
| Jun 2025 | -12.4% |
| Mar 2025 | -181.2% |
| Dec 2024 | -94.8% |
| Sep 2024 | -208.8% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$28.6M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM DH
| FY Dec 2025 | $37.1M |
| FY Dec 2024 | $45.9M |
| FY Dec 2023 | $38.2M |
| FY Dec 2022 | $27.3M |
| FY Dec 2021 | $18.5M |
| Jun 2026 | $8.5M |
| Mar 2026 | $8.4M |
| Dec 2025 | -$1.7M |
| Sep 2025 | $13.4M |
| Jun 2025 | $7.0M |
| Mar 2025 | $18.4M |
| Dec 2024 | -$2.8M |
| Sep 2024 | $18.7M |
At each fiscal year end
Single quarter
Debt to equity
0.86x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Debt to equity DH
| FY Dec 2025 | 0.43x |
| FY Dec 2024 | 0.40x |
| FY Dec 2023 | 0.21x |
| FY Dec 2022 | 0.18x |
| FY Dec 2021 | 0.18x |
| Jun 2026 | 0.86x |
| Mar 2026 | 0.85x |
| Dec 2025 | 0.43x |
| Sep 2025 | 0.43x |
| Jun 2025 | 0.41x |
| Mar 2025 | 0.39x |
| Dec 2024 | 0.40x |
| Sep 2024 | 0.35x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.26x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt DH
| FY Dec 2025 | 0.33x |
| FY Dec 2024 | 0.24x |
| FY Dec 2023 | 0.16x |
| FY Dec 2022 | 0.13x |
| FY Dec 2021 | 0.09x |
| Jun 2026 | 0.26x |
| Mar 2026 | 0.24x |
| Dec 2025 | 0.33x |
| Sep 2025 | 0.35x |
| Jun 2025 | 0.37x |
| Mar 2025 | 0.40x |
| Dec 2024 | 0.24x |
| Sep 2024 | 0.22x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-56.1%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity DH
| FY Dec 2025 | -28.2% |
| FY Dec 2024 | -45.7% |
| FY Dec 2023 | -15.1% |
| FY Dec 2022 | -0.5% |
| FY Dec 2021 | -1.3% |
| Jun 2026 | -56.1% |
| Mar 2026 | -54.4% |
| Dec 2025 | -28.2% |
| Sep 2025 | -34.8% |
| Jun 2025 | -47.0% |
| Mar 2025 | -62.6% |
| Dec 2024 | -45.7% |
| Sep 2024 | -38.4% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-26.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets DH
| FY Dec 2025 | -15.2% |
| FY Dec 2024 | -28.3% |
| FY Dec 2023 | -10.3% |
| FY Dec 2022 | -0.3% |
| FY Dec 2021 | -0.9% |
| Jun 2026 | -26.6% |
| Mar 2026 | -25.7% |
| Dec 2025 | -15.2% |
| Sep 2025 | -19.5% |
| Jun 2025 | -27.8% |
| Mar 2025 | -39.0% |
| Dec 2024 | -28.3% |
| Sep 2024 | -24.3% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital DH
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-49.3%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed DH
| FY Dec 2025 | -29.8% |
| FY Dec 2024 | -55.0% |
| FY Dec 2023 | -18.1% |
| FY Dec 2022 | -2.2% |
| FY Dec 2021 | -1.5% |
| Jun 2026 | -49.3% |
| Mar 2026 | -46.9% |
| Dec 2025 | -29.8% |
| Sep 2025 | -36.4% |
| Jun 2025 | -54.4% |
| Mar 2025 | -76.5% |
| Dec 2024 | -55.0% |
| Sep 2024 | -45.9% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing DH
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$105.1M
market value at close 2026-10-23 on 2026-08-06 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value DH
| FY Dec 2025 | $297.7M |
| FY Dec 2024 | $612.5M |
| FY Dec 2023 | $1.3B |
| FY Dec 2022 | $1.3B |
| FY Dec 2021 | $2.3B |
| Jun 2026 | $77.5M |
| Mar 2026 | $133.6M |
| Dec 2025 | $297.7M |
| Sep 2025 | $481.2M |
| Jun 2025 | $506.7M |
| Mar 2025 | $391.3M |
| Dec 2024 | $612.5M |
| Sep 2024 | $632.3M |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+24.8%
TTM free cash flow over market value at close 2026-10-23
FCF yield DH
| FY Dec 2025 | +12.5% |
| FY Dec 2024 | +9.7% |
| FY Dec 2023 | +3.3% |
| FY Dec 2022 | +2.4% |
| FY Dec 2021 | +0.8% |
| Jun 2026 | +32.6% |
| Mar 2026 | +21.1% |
| Dec 2025 | +12.5% |
| Sep 2025 | +8.5% |
| Jun 2025 | +9.9% |
| Mar 2025 | +14.7% |
| Dec 2024 | +9.7% |
| Sep 2024 | +10.1% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing DH
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $241.5M | $252.2M | $251.4M | $222.7M |
| Gross profit | $183.3M | $197.5M | $203.9M | $180.0M |
| Operating income | -$224.3M | -$710.8M | -$329.8M | -$44.0M |
| Net income | -$138.9M | -$413.1M | -$202.4M | -$7.2M |
| EPS (diluted) | -1.30 | -3.54 | -1.79 | -0.07 |
| Operating cash flow | $53.8M | $58.2M | $41.2M | $35.6M |
| Cash | $163.6M | $105.4M | $131.0M | $146.9M |
| Long-term debt | $156.1M | $229.4M | $242.6M | $255.8M |
| Buybacks | $49.5M | $22.4M | $0 | $0 |
SEC XBRL, fiscal years, as known on 2026-10-27
DH Stock Sonar score 5/7 axes
Find similar shapesCompareDH ranks highest on risk and compliance (72nd percentile) and institutional and government (38th), and lowest on growth (20th), among Software & IT peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
DH filings, in plain words
Read the full summary
2 activist Schedule 13D filings in the last 180 days declared an intent to influence the company, the largest for 58.5% of the class. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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