BlackRock Amends Digital Turbine Stake (Amendment No. 7)
Ticker: APPS · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 317788
| Field | Detail |
|---|---|
| Company | Digital Turbine, Inc. (APPS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, ownership-update
TL;DR
**BlackRock updated its passive stake in Digital Turbine as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in its ownership of Digital Turbine, Inc. common stock as of December 31, 2023. This filing, Amendment No. 7, updates BlackRock's passive investment position in Digital Turbine. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding the stock, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated passive investment in Digital Turbine, which can influence market perception and potentially the stock's trading volume and price.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Digital Turbine, but this filing alone doesn't suggest a strong buy or sell signal. It's a routine update of an institutional holding.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Digital Turbine, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 7, as stated in the filing.
Who is the reporting person in this filing?
The reporting person, or the entity filing the statement, is BlackRock Inc., as identified in the 'FILED BY' section of the filing.
What is the subject company whose securities are being reported?
The subject company is Digital Turbine, Inc., as indicated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Digital Turbine, Inc. (APPS).